42764787 2025-04-01 2026-03-31 42764787 2025-04-01 2026-03-31 1 42764787 2024-04-01 2025-03-31 42764787 2026-03-31 42764787 2025-03-31 42764787 2025-04-01 d:DevelopmentProjectsInProgressMember 42764787 2025-04-01 2026-03-31 d:DevelopmentProjectsInProgressMember 42764787 2026-03-31 d:DevelopmentProjectsInProgressMember 42764787 2025-04-01 d:DepositsLongtermInvestmentsAndReceivablesMember 42764787 2026-03-31 d:DepositsLongtermInvestmentsAndReceivablesMember 42764787 2025-04-01 d:ContributedCapitalMember 42764787 2024-04-01 d:ContributedCapitalMember 42764787 2025-04-01 2026-03-31 d:ContributedCapitalMember 42764787 2024-04-01 2025-03-31 d:ContributedCapitalMember 42764787 2026-03-31 d:ContributedCapitalMember 42764787 2025-03-31 d:ContributedCapitalMember 42764787 2025-04-01 2026-03-31 d:SharePremiumMember 42764787 2024-04-01 2025-03-31 d:SharePremiumMember 42764787 2026-03-31 d:SharePremiumMember 42764787 2025-03-31 d:SharePremiumMember 42764787 2025-04-01 d:ReserveForDevelopmentExpenditureMember 42764787 2024-04-01 d:ReserveForDevelopmentExpenditureMember 42764787 2025-04-01 2026-03-31 d:ReserveForDevelopmentExpenditureMember 42764787 2024-04-01 2025-03-31 d:ReserveForDevelopmentExpenditureMember 42764787 2026-03-31 d:ReserveForDevelopmentExpenditureMember 42764787 2025-03-31 d:ReserveForDevelopmentExpenditureMember 42764787 2025-04-01 d:RetainedEarningsMember 42764787 2024-04-01 d:RetainedEarningsMember 42764787 2025-04-01 2026-03-31 d:RetainedEarningsMember 42764787 2024-04-01 2025-03-31 d:RetainedEarningsMember 42764787 2026-03-31 d:RetainedEarningsMember 42764787 2025-03-31 d:RetainedEarningsMember 42764787 2025-04-01 2026-03-31 1 42764787 2025-04-01 2026-03-31 2 iso4217:DKK xbrli:pure Årsrapport 34209936 Grant Thornton, Godkendt Revisionspartnerselskab Lautrupsgade, 11 2100, København Ø 2024-04-01 2025-03-31 2025-04-01 2026-03-31 42764787 Aerial Tools ApS Diplomvej 381 2800 Kongens Lyngby 2021-10-06 Grant Thornton, Godkendt Revisionspartnerselskab 34209936 Morten Høgh-Petersen statsautoriseret revisor mne34283 Lautrupsgade 11 2100 København Ø Danmark +45 33 110 220 info@dk.gt.com 2026-09-02 Verónica Sobejano Paz Regnskabsklasse B Andre erklæringer uden sikkerhed Ja CaseWare fra Revisorgruppen Danmark anpartshaverne København 2026-09-02 Kongens Lyngby 2026-09-02 2206183 2588775 1889250 1369860 2372339 0 -2055406 1218915 0 1839 1112 2758 -2056518 1217996 -461255 247266 -1595263 970730 -675531 50998 -919732 919732 0 1179144 0 1179144 24290 24290 24290 24290 24290 1203434 2500 2500 214109 0 58726 13594 275335 16094 284751 18658 560086 34752 584376 1238186 0 45000 40000 1113069 0 0 919732 -704392 -28861 453677 930871 0 247266 0 247266 12812 13788 117887 46261 130699 60049 130699 60049 584376 1238186 1849758 1336992 39492 32868 1889250 1369860 5 4 1179144 1193195 2372339 2372339 2372339 24290 24290 24290 40000 40000 5000 0 45000 40000 1113069 0 1113069 0 919732 0 -919732 919732 0 919732 -28861 -79859 -675531 50998 -704392 -28861 Today, the Executive Board has approved the annual report of Aerial Tools ApS for the financial year 1 April 2025 - 31 March 2026. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 March 2026 and of the results of the Company's operations for the financial year 1 April 2025 – 31 March 2026. The Executive Board consider the conditions for audit exemption of the 2025/26 financial statements to be met. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Pablo Miguel Martinez Sanchez Verónica Sobejano Paz We have compiled the financial statements of Aerial Tools ApS for the financial year 1 April 2025 - 31 March 2026 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes 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 Management in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and 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. These financial statements 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 a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. Description of key activities of the companyThe company's activity consists of wholesale trade in other machines and other equipment. Significant changes in the company's activities and financial mattersThe gross profit for the year totals DKK 2.206 thousand against DKK 2.589 thousand last year. Profit or loss from ordinary activities after tax totals DKK -1.595 thousand against DKK 971thousand last year. Management considers the net profit or loss for the year satisfactory.  Impairment of intangible assets and future operations During the year, Management reassessed the Company’s business plan and the expected future use of its intangible assets. Based on this assessment, Management recognised an impairment loss of 2.372.339 and reduced the carrying amount of the intangible assets to nil at the balance sheet date. As at the date of approval of these financial statements, Management is evaluating the Company’s future operations, including alternative plans for the continued development of the business. No final decision has been made as to whether the Company will continue its operations or cease trading. The financial statements have been prepared on a going-concern basis, as Management considers that the Company has adequate funding and a realistic prospect of continuing its operations. Events occurring after the end of the financial yearNo events have occurred after the balance sheet date of material importance to the annual report for 2025/26. The annual report for Aerial Tools ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Gross profitGross profit comprises the own work capitalised, other operating income revenue, and external costs. Own work capitalisedOwn work capitalised includes staff cost and other internal costs incurred during the financial year and recognised in the cost of proprietary intangible and tangible fixed assets. Other external expenses comprise expenses incurred for advertising, administration and premises. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Depreciation, amortisation, and write-down for impairmentDepreciation, amortisation, and write-down for impairment comprise depreciation on, amortisation of, and write-down for impairment of intangible and tangible assets, respectively. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses. Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  The company is subject to Danish rules on compulsory joint taxation of Danish group enterprises. The current Danish income tax is allocated among the jointly taxed companies proportional to their respective taxable income (full allocation with reimbursement of tax losses). Intangible assetsDevelopment projects, patents, and licencesDevelopment costs comprise salaries, wages, and amortisation directly attributable to development activities. Clearly defined and identifiable development projects are recognised as intangible assets provided that they are proven to be technically practicable, that sufficient resources and a potential market or development opportunity exist, and insofar as the intention is to produce, market or utilise the project. It is, however, a condition that the cost can be reliably calculated and that a sufficiently high degree of certainty indicates that future earnings will cover the costs of production, sales, and administration. Other development costs are recognised in the income statement concurrently with their realisation. Development costs recognised in the statement of financial position are measured at cost less accrued amortisations and write-downs for impairment. After completion of the development work, capitalised development costs are amortised on a straight-line basis over the estimated useful economic life. The amortisation period is usually 10 years. DepositsDeposits are measured at amortised cost and represent lease deposits, etc. Impairment loss relating to non-current assetsThe carrying amount of both intangible and tangible fixed assets are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. write-down for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. The company has chosen to use IAS 39 as a basis for interpretation when recognising impairment of financial assets, which means that impairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired. If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level. Accounts receivable for which there is no objective indication of impairment at the individual level are evaluated at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors' domicile and credit rating in accordance with the company's and the group's credit risk management policy. Determination of the objective indicators applied for portfolios are based on experience with historical losses. Impairment losses are calculated as the difference between the carrying amount of accounts receivable and the present value of the expected cash flows, including the realisable value of any securities received. The effective interest rate for the individual account receivable or portfolio is used as the discount rate. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and on hand. EquityShare premiumShare premium comprises premium payments made in connection with the issue of shares. Costs incurred for carrying through an issue are deducted from the premium. The premium reserve can be used for dividend, for issuing bonus shares, and for covering losses. Reserve for development costsThe reserve for development costs comprises recognised development costs less related deferred tax liabilities. The reserve cannot be used as dividends or for covering losses. The reserve is reduced or dissolved if the recognised development costs are amortised or abandoned. This is done by direct transfer to the distributable reserves of the equity. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. The company is jointly taxed with consolidated Danish companies. The current corporate income tax is distributed between the jointly taxed companies in proportion to their taxable income and with full distribution with reimbursement as to tax losses. The jointly taxed companies are comprised by the Danish tax prepayment scheme. Joint taxation contributions payable and receivable are recognised in the statement of financial position as ”Tax receivables from group enterprises" or "Income tax payable to group enterprises" According to the rules of joint taxation, Aerial Tools ApS is unlimitedly, jointly, and severally liable to pay the Danish tax authorities the total income tax, including withholding tax on interest, royalties, and dividends, arising from the jointly taxed group of companies. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Adjustments take place in relation to deferred tax concerning elimination of unrealised intercompany gains and losses. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective countries on the reporting date when the deferred tax is expected to be released as current tax. Changes in deferred tax due to changed tax rates are recognised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. Liabilities other than provisionsOther liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. Disclosure of assumptions related to development projects The capitalised development projects comprise the continued development of Aerial Tools’ drone-based inspection platform, including unmanned aircraft, sensor integration and related software for collecting and analysing data from solar installations and other infrastructure. The solution is designed to improve the efficiency, accuracy and documentation of aerial inspections. The capitalised development projects are progressing according to management’s plans and support the company’s continued commercial development within drone-based inspection and AI-driven analytics. Management expects that the developed solution will strengthen the company’s market position and support future sales and scaling activities.  In capitalising the development projects, management has made a number of assumptions relating to the successful completion of the remaining technical development, testing and validation of the drone, sensor and software solutions in relevant operating environments, and the subsequent commercialisation and scaling of the platform. Changes in these assumptions, including delays in development or customer implementation, lower-than-expected customer adoption, technical or integration challenges, higher-than-expected production or operating costs, or adverse regulatory, technological or competitive developments, could lead to material changes in the carrying amount of the capitalised development projects. 4.Contractual obligations and contingencies, etc.Lease liabilities:The company has entered into a rent obligation with a 3 months notice. The total rent obligation is DKK 24 thousand. Joint taxationWith PVP Holding Company ApS, company reg. no 42760293 as administration company, the company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax.