33781903 2025-01-01 2025-12-31 33781903 2025-01-01 2025-12-31 0 33781903 2025-01-01 2025-12-31 1 33781903 2025-01-01 2025-12-31 0 33781903 2021-01-01 2021-12-31 4 33781903 2022-01-01 2022-12-31 3 33781903 2023-01-01 2023-12-31 2 33781903 2024-01-01 2024-12-31 1 33781903 2025-01-01 2025-12-31 0 33781903 2021-01-01 2021-12-31 9 33781903 2022-01-01 2022-12-31 8 33781903 2023-01-01 2023-12-31 7 33781903 2024-01-01 2024-12-31 6 33781903 2025-01-01 2025-12-31 5 33781903 2025-01-01 2025-12-31 10 33781903 2024-01-01 2024-12-31 11 33781903 2023-01-01 2023-12-31 12 33781903 2022-01-01 2022-12-31 13 33781903 2021-01-01 2021-12-31 14 33781903 2021-01-01 2021-12-31 19 33781903 2022-01-01 2022-12-31 18 33781903 2023-01-01 2023-12-31 17 33781903 2024-01-01 2024-12-31 16 33781903 2025-01-01 2025-12-31 15 33781903 2025-12-31 33781903 2024-01-01 2024-12-31 33781903 2024-12-31 33781903 2023-01-01 2023-12-31 33781903 2023-12-31 33781903 2022-01-01 2022-12-31 33781903 2022-12-31 33781903 2022-01-01 2022-12-31 23 33781903 2021-01-01 2021-12-31 33781903 2021-12-31 33781903 2021-01-01 2021-12-31 24 33781903 2023-01-01 2023-12-31 22 33781903 2024-01-01 2024-12-31 21 33781903 2025-01-01 2025-12-31 20 iso4217:DKK xbrli:pure Regnskabsklasse C, stor virksomhed Annual report 25296486 Apex Fund Service (Denmark) ApS Hørmarken 2 3520 Farum xWizard version 1.1.1540.0, by EasyX Aps. www.easyx.eu 2024-01-01 2024-12-31 Independent Auditor’s Report Basis for Opinion Opinion 33781903 2026-06-11 Torben Christensen Management’s Statement The Executive Boards have today considered and adopted the Annual Report of Kastrup Airports Parent ApS for the financial year 1 January – 31   December 2025.   The Annual Report is prepared in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the financial position at 31 December 2025 of the Company and of the results of   the Company's operations for 2025.   We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.   We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2026-06-11 Torben Christensen Niels Konstantin Jensen Independent auditor's Report To the shareholders of Kastrup Airports Parent ApS Opinion   We have audited the financial statements of for the financial year 01.01.2025 - 31.12.2025, which comprise the income statement, balance sheet,   statement of changes in equity, and notes, including a summary of significant accounting policies. The financial statements are prepared in   accordance with the Danish Financial Statements Act.   In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2025 and of the results of its operations for   the financial year 01.01.2025 - 31.12.2025 in accordance with the Danish Financial Statements Act.   Basis for opinion   We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our   responsibilities under those standards and requirements are further described in the "Auditor’s responsibilities for the audit of the financial   statements" section of this auditor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board for   Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark,   and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence   we have obtained is sufficient and appropriate to provide a basis for our opinion.   Management’s responsibilities for the financial Statements   Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial   Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free   from material misstatement, whether due to fraud or error.   In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue as a going concern, for disclosing, as   applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless   Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.   Auditor’s responsibilities for the audit of the financial statements   Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether   due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a   guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material   misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could   reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.   As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement   and maintain professional scepticism throughout the audit. We also:   - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit   procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of   not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,   intentional omissions, misrepresentations, or the override of internal control.   - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the   circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Entity’s internal control.   - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by   Management.   - Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the financial statements, and,   based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on   the Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our   auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our   conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause   the Entity to cease to continue as a going concern.   - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures in the notes, and whether the   financial statements represent the underlying transactions and events in a manner that gives a true and fair view.   We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant   audit findings, including any significant deficiencies in internal control that we identify during our audit.   Independent Auditor's Report Statement on the Management's Review   Management is responsible for the managements's review.   Our opinion on the financial statemens does not cover the mangement's review and we do not express any form of assurance conclusion thereon.   In connection with our audit of the financial statements, our responsibility is to read the management review and, in doing so, consider whether the   management's review is materially inconsistent with financial statements or our knowledge obtained in the audit or otherwise appears to be   materially misstated.   Moreover, it is our responsibility to consider wheter the mangement's review provides the informations required by relevant law and regulations.   Based on the work we have perfomed, we conclude that the management's review is in accordance with the financial statements and has been   prepared in accordance with the requirements in the relevant law and regulations. We did not identift any material misstatement of the management   review.   Copenhagen 2026-06-11 Statsautoriseret Revisionspartnerselskab 33963556 Martin Pieper State Authorised Public Accountant mne44063 Kastrup Airports Parent ApS Hørmarken 2 3520 Farum 33781903 2011-07-07 Farum 2025-01-01 2025-12-31 Torben Christensen Niels Konstantin Jensen DELOITTE Statsautoriseret Revisionspartnerselskab Weidekampsgade 6 2300 København S 33963556 Management's Review The Company's principal activities   The Company's principal activities consist in holding of shares in other companies and the funding of these shareholdings.   Development in activities and financial matters   The Company's Income Statement of the financial year 1 January 2025 - 31 December 2025 shows a result of DKK 18,380m and the Balance Sheet at   31 December 2025 a balance sheet total of DKK 454m and an equity of DKK 436m.   Activity in subsidiary has been sold and the large revenue has been shared as dividend through up the structure.   Expectations for the future   The Company is holding shares in Copenhagen Airports Denmark Holdings ApS.   Financing and liquidity   The Company expect to receive dividends during 2026. However, the Company has sufficient liquidity available to cover its ongoing costs.   Key risks   Current risk is related to the holding of shares, the risk is limited. For further details, please refer to ATP Group annual report for 2025 for a further   risk assesment.   Corporate social responsibility   The company is part of the Arbejdsmarkedets Tillægspension (ATP) Group, CVR no. 43405810 (ATP Group). In accordance with section 99a(7) of the   Danish Financial Statements Act, please refer to ATP Group annual report for 2025 for a statement on corporate social responsibility.   https://www.atp.dk/dokument/rapport-om-samfundsansvar-2025 https://www.atp.dk/dokument/rapport-om-samfundsansvar-2025 Data ethics   The company is covered by ATP Group's data ethics policy. For a further description of this, please refer to the statement in ATP Group's annual   report for 2025.   Key Figures and Financial Ratios   The development in the Company's key figures and financial ratios can be described as follows:   Operating profit/loss Operating profit/loss Operating profit/loss Operating profit/loss Operating profit/loss Financial income Financial income Financial income Financial income Financial income -2000000 26779000000 8482000000 -1000000 46000000 505000000 -367000000 17000000 449000000 -381000000 2000000 326000000 -526000000 0 644000000 Financial expenses Financial expenses Financial expenses Financial expenses Financial expenses and extraordinary items and extraordinary items and extraordinary items and extraordinary items and extraordinary items 18295000000 18380000000 435000000 -460000000 -385000000 450000000 66000000 -367000000 834000000 -326000000 -381000000 1202000000 7616000000 -644000000 -526000000 1583000000 6884000000 Total fixed assets Total fixed assets Total fixed assets Total fixed assets Total fixed assets 75000000 8133000000 8133000000 534 4153 96 0 -60 5 -4 -36 9 -5 -27 14 -7 -66 21 2000000 1000000 26775000000 8432000000 4000000 39000000 427000000 7000000 49000000 18295000000 78000000 -460000000 -85000000 18380000000 -75000000 -385000000 75000000 8133000000 75000000 8133000000 75000000 8133000000 0 76000000 867000000 78000000 70000000 146000000 316000000 1260000000 233000000 380000000 454000000 185000000 1446000000 9578000000 0 150000000 285000000 435000000 0 0 449000000 450000000 0 0 0 7072000000 1664000000 8736000000 0 5000000 14000000 19000000 0 239000000 154000000 393000000 19000000 9128000000 9578000000 454000000 Statement of Changes in Equity   Proposed   dividend   Share   recognised   Retained   Capital   in equity   Earnings   Total   DKK '000   DKK '000   DKK '000   DKK '000   Equity 1 January 2025   433   - 449.474   449.907   Decrease of the share capital   (333)   - 333   - Extraordinary dividend   - - (18.394.545)   (18.394.545)   Dividend   - 150.000   - 150.000   Profit / (Loss)   - - 18.230.228   18.230.228   Equity 31 December 2025   100   150.000   285.492   435.591   The capital has been decreased and shareclasses cancelled.   1. Accounting policies   Reporting class   The Annual Report of Kastrup Airports Parent ApS for 2025 has been presented in accordance with the provisions of the Danish Financial Statements   Act applying to large enterprises of reporting class C. Please refer to the basis of preparation for the ATP Group in the consolidated report.   The accounting policies applied remain unchanged from last year.   Arbejdsmarkedets Tillægspension is the ultimate holding company of KAP. The consolidated Annual Report of ATP Group, in which KAP is included as   a subsidiary, may be obtained from Arbejdsmarkedets Tillægspension C/O Økonomisektionen, Kongens Vænge 8, 3400 Hillerød.   Reporting Currency   The Annual Report is presented in Danish kroner.   The exemption from preparing consolidated financial statements has been used, and the financial statements presented are separate financial   statements. (ÅRL § 112)   Translation policies   Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in   foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange   gains and losses are included in the Income Statement under Financial Income and Expenses.   General Information Basis of recognition and measurement The financial statements have been prepared under the historical cost principal. 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 amortised cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the Income Statement, including depreciation, amortisation, 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 Annual Report, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. The accounting value of tangible assets are examined on a yearly basis to determine if there are any indications of impairment. If this is the case, an impairment will be made to reduce the carrying amount of the asset to its recoverable amount. Income Statement Other external expenses   Other external costs include costs for administration.   Income from investments in subsidaries and associates   Income from equity investments comprises dividends received from subsidaries and associates in so far as they do not exceed the accumulated   earnings in the subsidaries or the associate during the ownership period.   Dividends from equity investments are recognised as income in the financial year in which the dividends are declared.   Financial income and expenses   Financial income and expenses are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and   expenses include interest income and expenses, realised and unrealised capital gains and losses regarding securities, debt and foreign currency   transactions, amortisation of financial assets and liabilities as well as surcharges and allowances under the tax prepayment scheme.   Tax on net profit for the year   Tax 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.   Balance Sheet Investments in subsidaries   Equity investments in subsidaries are measured at cost. Dividends that exceed accumulated earnings from subsidaries during the ownership period   are treated as a reduction of the cost. If cost exceeds the net realisable value, a write-down to this lower value will be performed.   Cash and cash equivalents   Cash 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.   Explanation of financial ratios   Return on equity   = Profit/Loss for the year x 100   Avg. Equity   Return on capital employed (%)   = (Operating profit + Financial income) x 100   Avg. Assets   Solvency ratio (%)   = Total equity x 100   Total assets   Notes   2025   2024   2. Tax Expense   DKKm   DKKm   Tax expense for the year   52   73   Change in deferred tax   - 2 Adjustments in tax from previous years   33   0 85   75   3. 150000000 18230000000 18380000000 0 -385000000 -385000000 4. Investments in subsidiaries   Group enterprises   Cost   Accumulated Cost at 1 January   8.133   8.133   Additions   - - Accumulated Cost at 31 December   8.133   8.133   Revaluation and impairment at 1 January   - - Revaluation   8.058   - Accumulated revaluation and inpairment at 31 December   8.058   - Carrying amount at 31 December   75   8.133   Registered   Share Held   Name   office   in %   Equity, DKKm   Profit, DKKm   Copenhagen Airports Denmark   Farum   100   75   18.920   Holding ApS   75   18.920   6. Contingent Liabilities   The Company is jointly taxed with the other enterprises in the group and are jointly and severally liable for the taxes that concern the joint taxation.   The total amount appears from the annual report of Arbejdsmarkedets Tillægspension which is the administration company in the joint taxation.   7. Related parties   Copenhagen Airports Denmark ApS (CAD), company reg. (CVR) no. 29144249 is directly controlled by Copenhagen Airports Denmark Holdings ApS   (CADH) with CADH being directly controlled by Kastrup Airports Parent ApS (KAP), company reg. (CVR) no. 33781903. The ultimate controlling   shareholders of CAD, CAD and KAP are ATP, Arbejdsmarkedets Tillægspension.   8. Subsequent events   No material events have occurred subsequent to the balance sheet date.   9. Fees for auditors elected on the general meeting   Group audit costs are disclosed in the consolidated financial statements of ATP, Arbejdsmarkedets Tillægspension, CVR number 43405810. (ÅRL §96)