VALTECH A/S

The Company offers advisory services on digital performance through the development of strategic and creative concepts delivered by a unique organisation where business consultants, design and communication experts and IT professionals work side by side in multi-disciplinary teams.

The income statement of the Company for 2025 shows a loss of TDKK 10,849, and at 31 December 2025 the balance sheet of the Company shows an equity of TDKK 57,918.

The Company’s expectations for the future are that 2026 is expected to generate slightly lower revenues than the past year, primarily due to the continued uncertainty in the market, the reduced resource capacity and the current geo-political situation in Europe. On a positive note, and despite the revenue growth expectations, The Company is expecting improvement in earnings in 2026 resulting from the ongoing margin expansion driven by utilization improvements, continued optimization of the Nordic organization and further exploiting Group synergies and economies of scale.

Management expects 2026 revenues will be in the range of DKK 80.000 thousand to DKK 100.000 thousand with an improvement in earnings compared to 2025 and expected net profit in the range DKK 2.000 thousand to DKK 2.500 thousand.

Revenue landed below expectation for the year, and as a direct consequence profitability also fell significantly below expectation, due to the time required to adapt capacity to changing market conditions. Uncertainty and low growth in the European economy, combined with continued war in Ukraine, marked 2025. Market conditions led some of the Company’s existing clients to limit their digital investment, while at the same time accelerating in-sourcing, all having high focus on earnings.

The Company has continuously adjusted capacity to align with expected market demand and further developed a flexible nearshore capacity. In addition, collaboration across the Nordics has improved synergies in the back office.…

Research and development

No research or development activities at own account were carried out in 2025.

External environmentThe Company’s environmental impact on its surroundings is very limited. The Company strives to improve and optimize its energy consumption and emission pattern through focused work on offices, purchasing and reduced business travel.

There has been no uncertainty regarding recognition and measurement in the Annual Report.

The financial position at 31 December 2025 of the Company and the results of the activities and cash flows of the Company for the financial year for 2025 have not been affected by any unusual events.

No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.

Rental and lease obligationsLease obligations

3,820…