PROJECTS A/S

The company's activity comprise investments in the packaging and food industry.

Development in activities and financial circumstances

The company realized a net loss of DKK 31,785 thousand for the financial year and total assets amounted to DKK 133,629 thousand and equity amounted to DKK 133,402 thousand as of 31 December 2025. The negative result was primarily driven by an impairment loss of DKK 31,717 thousand related to the company’s investment in its subsidiary, Sanovo Greenpack Embalagens do Brasil Ltda. The impairment reflects a write-down to the investment’s net realisable value.

After the end of the financial year and up to date, no events have occurred that materially affects the assesment of the company's operations for 2025.

Projects A/S are jointly taxed with Thornico Holding A/S, which is the management company. The company has secondary liabilities with respect to income taxes etc. and any obligation to withhold taxes on interest, royalties and dividends applying to the jointly taxed companies. Such secondary liability is however, capped at an amount equal to the portion of the share capital in the company held directly or indirectly by the ultimate parent company. moderselskab.