41145617 2025-01-01 2025-12-31 41145617 2025-01-01 2025-12-31 0 41145617 2025-01-01 2025-12-31 0 41145617 2025-01-01 2025-12-31 0 41145617 2024-01-01 2024-12-31 41145617 2025-12-31 41145617 2024-12-31 41145617 2024-01-01 fsa:ContributedCapitalMember 41145617 2024-01-01 fsa:RetainedEarningsMember 41145617 2024-01-01 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 41145617 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 41145617 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 41145617 2025-01-01 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 41145617 2025-12-31 fsa:ContributedCapitalMember 41145617 2025-12-31 fsa:RetainedEarningsMember 41145617 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember xbrli:pure iso4217:DKK 45907880 Sønderup Godkendt Revisionsaktieselskab Strandesplanaden 110, 2 2665 Vallensbæk Strand Andre erklæringer uden sikkerhed Årsrapport Regnskabsklasse B 2025-01-01 2025-12-31 2024-01-01 2024-12-31 true 0 Cayan Holding ApS Bredgade 19, E, 1, thBredgade 19, E, 1, th 1260 Copenhagen 41145617 2026-06-16 Yaroslav Zherebetsky Today, Management has considered and adopted the Annual Report of Cayan Holding ApS for the financial year 1 January 2025 - 31 December 2025. The Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January 2025 - 31 December 2025. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2026-06-16 Yaroslav Zherebetskyy Manager To the Management of Cayan Holding ApS We have compiled the accompanying financial statements of Cayan Holding ApS for the financial year 1 January 2025 - 31 December 2025 based on the information you have provided. These financial statements comprise a summary of significant accounting Policies, income statement, balance sheet, statement of change in equity and notes.We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements.We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statement Act. We have complied with relevant requirements under the Danish Act on Approved auditors and Audit Firms and the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (IESBA Code) including principles of integrity, objectivity, professional competence and due care.The Financial Statement and the accuracy and completeness of the information used to compile them are your responsibility.Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Accounts Act. Vallensbæk Strand, 16 June 2026Sønderup Godkendt RevisionsaktieselskabCVR-no. 45907880Christian HjortshøjState Authorised Public Accountantmne34485 Vallensbæk Strand 2026-06-16 Sønderup Godkendt Revisionsaktieselskab 45907880 Christian Hjortshøj State Authorised Public Accountant mne34485 Cayan Holding ApS 1260 Copenhagen 42438834 yz@keelsolution.com 41145617 2020-02-03 2025-01-01 2025-12-31 Strandesplanaden 110, 2 2665 Vallensbæk Strand 0 0 -46282 707154 42011 72664 -88293 634490 0 0 -88293 634490 46282 -707154 42011 72664 2403165 3474263 2403165 3474263 2403165 3474263 2403165 3474263 40000 40000 296638 1362843 1179302 345651 1515940 1748494 5000 5000 882225 1720769 887225 1725769 887225 1725769 2403165 3474263 40000 345651 1362843 0 -4593 -139668 0 -42011 -46282 0 880255 -880255 40000 1179302 296638 1. Number of employeesAverage number of employees00 0 0 2. The Company's principal activitiesThe principal activities of the company consist of acting as a holding company and, in addition, conducting business within the energy sector. The annual report of Cayan Holding ApS for 2025 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. Basis of recognition and measurementThe financial statement have been prepared under the historical cost principle.Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will accrue to the Company, and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income statement Gross profit/lossThe Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act.Gross profit is a combination of other external expenses. Other external expensesOther external expenses include expenses for administration etc. Income from investments in participating interestIncome from equity investments comprises the proportionate share of profit/loss after tax and any adjustment of internal profit/loss and less amortization of consolidated goodwill. Financial income and expensesFinancial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include repayment on mortgage loans. Tax on net profit for the yearTax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Equity investments in participating interestsInvestments in participating interest are recognized in the balance sheet at the proportionate share of the equity value of the enterprises, calculated according to the parent Company's accounting policies with the deduction or addition of unrealised intercompany profits or losses and with the addition or deduction of the remaining value of positive or negative goodwill, calculated according to the purchase method.Subsidiaries having a negative equity value are recognised at kr. 0, and any amounts receivable from those enterprises are written down by the parent Company's share of the negative equity value to the extent that the amounts are deemed to be uncollectible.If the negative equity value exceeds receivables, the remaining amount is recognised as a provision to the extent that the parent Company has a legal or constructive obligation to cover the negative balance of the relevant subsidiary. ReceivablesReceivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. EquityEquity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Current tax liabilitiesCurrent tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Other payablesOther payables are measured at amortized cost, which usually corresponds to the nominal value.Contingent assets and liabilitiesContingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes.