42829080 2025-01-01 2025-12-31 42829080 2025-01-01 2025-12-31 1 42829080 2025-01-01 2025-12-31 1 42829080 2025-01-01 2025-12-31 2 42829080 2025-01-01 2025-12-31 3 42829080 2025-01-01 2025-12-31 1 42829080 2025-01-01 2025-12-31 2 42829080 2024-01-01 2024-12-31 42829080 2025-12-31 42829080 2024-12-31 42829080 2024-12-31 fsa:ContributedCapitalMember 42829080 2024-12-31 fsa:RevaluationReserveMember 42829080 2024-12-31 fsa:SharePremiumMember 42829080 2024-12-31 fsa:RetainedEarningsMember 42829080 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 42829080 2025-01-01 2025-12-31 fsa:RevaluationReserveMember 42829080 2025-01-01 2025-12-31 fsa:SharePremiumMember 42829080 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 42829080 2025-12-31 fsa:ContributedCapitalMember 42829080 2025-12-31 fsa:RevaluationReserveMember 42829080 2025-12-31 fsa:SharePremiumMember 42829080 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Pradeep Pattem The Board of Directors and management have today considered and adopted the annual report for the financial year 1 January – 31 December 2025 for PS I CoreCo P/S. The annual report is prepared in accordance with the Danish Financial Statement Act. In our opinion, the financial statements give a true and fair view of the financial position as at 31 December 2025 of the Company and of the results of the Company’s operations for 2025. It is also our opinion that the Management’s Review a true and fair account of the development of Company’s activities and financial conditions, the profit for the period and the Company’s financial position as a whole, and a description of the significant risks and uncertainty factors that the Company faces. The annual report is submitted to the Ordinary General Meeting for approval. Copenhagen Pradeep Pattem Medha Pattem Chairman Ilias Drakopoulos Pradeep Pattem To the shareholder of PS I CoreCo P/S Opinion In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2025, and of the resultof the Company’s operations for the financial year 1 January - 31 December 2025 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of PS I CoreCo P/S for the financial year 1 January - 31 December 2025, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“the Financial Statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmarkresponsibilities under those standards and requirements are further described in the “Auditor’s responsibilities for the audit 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Statement on Management’s Review Management is responsible for Management’s Review. Our opinion on the Financial Statements does not cover Management’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 Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, in our view, Management’s Review is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management’s Review. 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 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 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 isnot 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 Company’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 Company’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 Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view. • Plan and perform the audit to obtain sufficient appropriate audit evidence regarding the consolidated financial information of the entities or business units as a basis for forming an opinion on the Financial Statements. We are responsible for the direction, supervision and review of the audit work performed. We remain solely responsible for our audit opinion. 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. Hellerup PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Torben Jensen Jacob Dannefe State Authorised Public Accountan mne18651 State Authorised Public Accountan mne47886 PS I CoreCo P/S Amaliegade 6, 2. tv 1256 København K 42829080 Copenhagen, Denmark Key activities The company's objects are to acquire, own and dispose of unlisted and listed investments and other related activities Development in the year The income statement of the Company for 2025 shows a profit of DKK 3.5 million (2024: DKK 9.3 million), and as at 31 December 2025 the balance sheet of the Company shows equity of DKK 436 million (2024: DKK 432.5 million). Subsequent events From the balance sheet date until the date of presentation of this Annual Report, no additional events have occurred other than the above-mentioned, which significantly affects the assessment of the annual report. 6000 0 6000 0 3529000 9281000 3535000 9281000 3535000 9281000 3535000 9281000 436381000 432453000 436381000 432453000 1671000 1671000 0 400000 11000 10066000 1682000 12137000 438063000 444590000 400000 400000 277352000 277352000 158630000 155101000 -327000 -333000 436055000 432520000 1983000 12045000 25000 25000 2008000 12070000 438063000 444590000 400000 155101000 277352000 -333000 432520000 0 3529000 0 6000 3535000 0 3529000 0 6000 3535000 0 0 0 0 0 400000 158630000 277352000 -327000 436055000 true rounded to the nearest DKK 1,000, which is considered to be the primary currency of the Company’'s activities and the functional currency of the company. Pursuant to sections §112, of the Danish Financial Statements Act, the Company has not prepared consolidated financial statements and refer to the Group Annual Report of Park Street A/S. Recognition and measurement Revenues are recognized in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortized cost are recognized. Moreover, all expenses incurred to achieve the earnings for the year are recognized in the income statement. Assets are recognized in the balance sheet when it is probable that future economic benefits attributable to the asset will flow 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 will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. PROFIT AND LOSS STATEMENT Gross profit/loss With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue and other external expenses. Financial income and expenses Financial items include interest income and interest expenses, foreign exchange rate adjustments, amortization premiums / discounts, realized and unrealized gains and losses on securities as well as surcharges and refunds under the tax. Borrowing costs directly attributable to the development projects of investment or project portfolios, added to the cost of the assets until the time when the project is completed and the property can be used for the intended purpose. Income from investments in subsidiaries The item “Income from investments in subsidiaries” in the income statement includes the proportionate share of the profit for the year. Investment in subsidiaries Investments in subsidiaries are recognised and measured under the equity method. The item“Investments in subsidiaries” in the balance sheet include the proportionate ownership share of the net asset value of the enterprises calculated on the basis of the fair values of identifiable net assets at the time of acquisition with deduction or addition of unrealised intercompany profits or losses and with addition of the remaining value of any increases in value and goodwill calculated at the time of acquisition of the enterprises. The total net revaluation of investments in subsidiaries is transferred upon distribution of profit to “Reserve for net revaluation under the equity method“ under equity. The reserve is reduced by dividend distributed to the Parent Company and adjusted for other equity movements in the subsidiaries. Subsidiaries with a negative net asset value are recognised at DKK 0. Any legal or constructive obligation of the Parent Company to cover the negative balance of the enterprise is recognised in provisions. Note 1 - Accounting policies, accounting estimates and risks, etc. (continued) Receivables Receivables are measured at amortized cost. Impairment losses are made for losses which are deemed to have resulted in an objective indication that an individual receivable is impaired. Prepayments Prepayments recognized under assets comprise incurred costs related to coming financial years. Prepayments are measured at cost. Liabilities Liabilities are measured at amortized cost, substantially corresponding to nominal value. Note 2 – Investment in Subsidiaries Amounts in DKK 1000s 2025 2024 Cost price at January 1 277,352 277,352 Additions 0 0 Cost price at December 31 277,352 277,352 Value adjustments at January 1 155,101 145,820 Net profit/loss for the year 3,928 9,281 Value adjustments at December 31 159,029 155,101 The company is the holding company of the subsidiary companies Pulse N P/S, Svanevej P/S, Toldbuen P/S, Ballerup Hotel P/S, and Pulse O. P/S. PS I CoreCo P/S is a fully owned subsidiary of Park Street A/S. Note 2 – Investment in Subsidiaries (Continued) List of subsidiaries: Subsidiaries Registered Address Equity Pulse N P/S Svanevej 12, 4th Floor, 2400 Copenhagen NV 100% Pulse O P/S Svanevej 12, 4th Floor, 2400 Copenhagen NV 100% Ballerup Hotel P/S Svanevej 12, 4th Floor, 2400 Copenhagen NV 100% Toldbuen P/S Svanevej 12, 4th Floor, 2400 Copenhagen NV 100% Svanevej P/S Svanevej 12, 4th Floor, 2400 Copenhagen NV 100% The company is included in the consolidated financial statements of Park Street A/S. 0 0 Note 4 – Contingent assets and liabilities Contingent liabilities The Company has no contingent liabilities as at 31 December, 2025. Other financial obligations The Company has entered into mutually committing agreements of immaterial nature, which are usual for the Company’s Ordinary activities. Contingent assets The Company has no contingent asset as at 31 December, 2025. Note 4 – Contingent assets and liabilities Contingent liabilities The Company has no contingent liabilities as at 31 December, 2025. Other financial obligations The Company has entered into mutually committing agreements of immaterial nature, which are usual for the Company’s Ordinary activities. Contingent assets The Company has no contingent asset as at 31 December, 2025. Note 5 – Subsequent Events & related parties From the balance sheet date until the date of presentation of this Annual Report no additional events have occurred other than the above mentioned which significantly affect the assessment of the annual report. Please refer Park Street A/S financials for consolidated financial statements. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2025-01-01 2025-12-31 2024-01-01 2024-12-31 2026-06-30 Reporting class B 2021-11-12 2026-06-30 42829080 PS Coreco I P/S Amaliegade 6, 2. tv 1256 København K Opinion Basis for Opinion 2026-06-30 Strandvejen 44 2900 Hellerup 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup