MINDKEY SOFTWARE A/S

The principal activities of the companyMindKey Software A/S develops and delivers a modern HR and Talent Management platform that supports all core HR processes — from recruitment and onboarding to development, performance, and termination. The solution is offered as a Software-as-a-Service (SaaS) platform and is complemented by professional services, including implementation, process consulting, and training.

Significant changes in the company's activities and financial mattersDuring the financial year, the company has continued to strengthen its product platform and compliance framework, focusing on scalability, data security, and process automation. These initiatives support both customer value creation and long-term operational efficiency.

No other significant changes have occurred in the company’s activities or financial position during the year.…

Uncertainties as to recognition or measurementManagement is aware of the significant importance of development costs for the company. As for most software companies, there is inherent uncertainty related to the valuation of development projects. The company’s continuous investment in product innovation has, however, resulted in a strong, scalable, and competitive SaaS solution with a clear market position.

Management therefore finds the capitalization and valuation of development costs to be reasonable and well justified, based on the expected commercial potential and the company’s growth plans.

Reference is made to note 5 for additional information regarding development projects recognized in the balance sheet with a total book value of DKK 20 million.

10.Contractual obligations and contingent liabilities

30/6 2025…

9.Charges and securityAs the collateral for bank facilities the company has issued a mortgage of DKK 5.000 thousand.