44177463 2025-05-01 2026-04-30 44177463 2025-05-01 2026-04-30 auditor_1 44177463 2025-05-01 2026-04-30 memberOfBoardIdentifier_1 44177463 2025-05-01 2026-04-30 memberOfBoardIdentifier_2 44177463 2025-05-01 2026-04-30 memberOfBoardIdentifier_3 44177463 2024-05-01 2025-04-30 44177463 2026-04-30 44177463 2025-04-30 44177463 2025-04-30 fsa:ContributedCapitalMember 44177463 2025-04-30 fsa:RetainedEarningsMember 44177463 2025-04-30 fsa:ProposedDividendRecognisedInEquityMember 44177463 2025-05-01 2026-04-30 fsa:ContributedCapitalMember 44177463 2025-05-01 2026-04-30 fsa:RetainedEarningsMember 44177463 2025-05-01 2026-04-30 fsa:ProposedDividendRecognisedInEquityMember 44177463 2026-04-30 fsa:ContributedCapitalMember 44177463 2026-04-30 fsa:RetainedEarningsMember 44177463 2026-04-30 fsa:ProposedDividendRecognisedInEquityMember 44177463 2025-04-30 fsa:InvestmentsInGroupEnterprisesMember 44177463 2026-04-30 fsa:InvestmentsInGroupEnterprisesMember 44177463 2025-05-01 2026-04-30 fsa:InvestmentsInGroupEnterprisesMember 44177463 2025-05-01 2026-04-30 LongtermInvestmentsInGroupEnterprises_detail_1_LongtermInvestmentsInGroupEnterprises_Member 44177463 2026-04-30 LongtermInvestmentsInGroupEnterprises_detail_1_LongtermInvestmentsInGroupEnterprises_Member 44177463 2025-05-01 2026-04-30 LongtermInvestmentsInGroupEnterprises_detail_2_LongtermInvestmentsInGroupEnterprises_Member 44177463 2026-04-30 LongtermInvestmentsInGroupEnterprises_detail_2_LongtermInvestmentsInGroupEnterprises_Member 44177463 2025-05-01 2026-04-30 LongtermInvestmentsInGroupEnterprises_detail_3_LongtermInvestmentsInGroupEnterprises_Member 44177463 2026-04-30 LongtermInvestmentsInGroupEnterprises_detail_3_LongtermInvestmentsInGroupEnterprises_Member iso4217:DKK pure xbrli:pure 2024-05-01 2025-04-30 2026-06-26 44177463 2026-06-26 Reporting class B KPMG 2100 København Ø Dampfærgevej 28 25578198 Auditor's report on extended review KPMG 25578198 true Annual report Anders Fanøe Mærkedahl The Executive Board has today discussed and approved the annual report for NHTA Group ApS for the financial year 1 May 2025 - 30 April 2026. The annual report has been prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 30 April 2026 and of the results of the Company's operations for the financial year 1 May 2025 - 30 April 2026. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Copenhagen 2026-06-26 Anders Fanøe Mærkedahl Director Andreas Pagh Rasmussen Director Asger Lindvig Director Independent auditor's extended review report on the financial statements To the shareholder of NHTA Group ApS Opinion We have performed an extended review of the financial statements of NHTA Group ApS for the financial year 1 May 2025 - 30 April 2026 comprising income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. Based on the work performed, it is our opinion that the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 30 April 2026 and of the results of the Company's operations for the financial year 1 May 2025 - 30 April 2026 in accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibility for the extended review of the financial statements" section of our report.We are independent of the Company 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 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management's responsibility for the financial statementsManagement 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 that 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 Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditor's responsibility for the extended review of the financial statementsOur responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures in order to obtain further assurance for our conclusion.An extended review comprises procedures primarily consisting of making enquiries of Management and others within the entity, as appropriate, applying analytical procedures and the specifically required supplementary procedures, and evaluating the evidence obtained.The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on these financial statements. Statement on the Management's reviewManagement is responsible for the Management's review.Our conclusion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon.In connection with our extended review of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review. Copenhagen 2026-06-26 KPMG 25578198 Nicolai Vöge Grønvall Elleby State Authorised Public Accountant mne51530 NHTA Group ApS Nelson Mandelas Allé 14 DK-2450 København SV 54 58 25 05 contact@nhta.com 44177463 2023-07-10 København 2025-05-01 2026-04-30 KPMG Statsautoriseret Revisionspartnerselskab Dampfærgevej 28 2100 København Ø 25578198 Principal activities The purpose of the Company is to hold equity interests in companies that engage in consulting business and other related activities as determined by the management. Development in activities and financial position The Company's income statement for 2025/26 shows a profit of DKK 3,132,120 as against a loss of DKK 758,352 in 2024/25. Equity in the Company's balance sheet at 30 April 2026 stood at DKK 10,772,515 as against DKK 8,300,395 at 30 April 2025. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2025/26. -35281 -2140 3044693 -755476 26596 0 2982816 -757616 -149304 736 3132120 -758352 600000 660000 2532120 -1418352 11389456 8344763 11389456 8344763 3404 0 12106 14246 15510 14246 11404966 8359009 50000 50000 10122515 7590395 600000 660000 10772515 8300395 632451 58614 632451 58614 11404966 8359009 50000 7590395 660000 0 0 -660000 0 2532120 600000 50000 10122515 600000 The annual report of NHTA Group ApS for 2025/26 has been prepared in accordance with the provisions applying to reporting class B entities under the Danish Financial Statements Act with opt-in from higher reporting classes.The accounting policies used in the preparation of the financial statements are consistent with those of last year. Foreign currency translation On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses. Receivables, payables and other monetary items denominated in foreign currencies are translated at the exchange rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses. Other external costs Other external costs comprise administrative expenses. Income from equity investments in group entities The proportionate share of the individual subsidiaries' profit/loss after tax is recognised in the Parent Company's income statement after full elimination of intra-group gains/losses and amortisation of goodwill. Financial income and expenses Financial income and expenses comprise interest income and expense, payables and transactions denominated in foreign currencies, amortisation of financial assets and liabilities as well as surcharges and refunds under the on-account tax scheme, etc. Tax on profit/loss for the year Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity. Financial assets Equity investments in subsidiaries are measured at the proportionate share of the entities' net asset value calculated in accordance with the Parent Company's accounting policies plus or minus unrealised intra-group gains or losses and plus or minus the residual value of positive and negative goodwill calculated in accordance with the acquisition method.Equity investments in subsidiaries and associates with negative net asset values are measured at DKK 0, and any receivables from these entities are written down to the extent that the receivables are deemed irrecoverable. To the extent that the Parent Company has a legal or constructive obligation to cover a negative balance exceeding the receivable, the residual amount is recognised as provisions. Impairment of fixed assets The carrying amount of equity investments in subsidiaries is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation or amortisation. Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount. The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Previously recognised write-downs are reversed when the basis for the write-down no longer exists. ReceivablesReceivables are measured at amortised cost.Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis.Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Cash at bank and in hand Cash at bank and in hand comprise cash and bank deposits. EquityDividends The expected dividend payment for the year is disclosed as a separate item under equity. Corporation tax and deferred tax Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. Deferred tax is measured using the balance sheet liability method on all temporary differences between the carrying amount and the tax value of assets and liabilities measured on the planned use of the asset or settlement of the liability, respectively. However, deferred tax is not recognised on temporary differences that arise at the date of acquisition without affecting either profit/loss or taxable income. Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected value of their utilisation within the foreseeable future; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measured at net realisable value. Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Changes in deferred tax as a result of changes in tax rates are recognised in the income statement or equity, respectively. LiabilitiesLiabilities are measured at amortised cost. 0 0 0 736 -149304 0 10021419 10021419 -1676656 3083891 -39198 1368037 11389456 NHTA ApS Copenhagen 100 11250927 NHTA Sweden AB Stockholm 70 425292 NHTA NORWAY AS Sandefjord 100 -159176 Contingent liabilities, including guarantee commitments The Group's Danish entities are jointly and severally liable for tax on the Group's jointly taxed income and for certain withholding taxes such as dividend tax and royalty tax. Any subsequent corrections of the taxable income subject to joint taxation or with-holding taxes on dividends, etc., may entail an increase in the entities' liability. The Group as a whole is not liable to any other parties.