L.C.O. PROPERTIES ApS

The Company’s main activity is to buy and hire out real property in France.​​Results for the year are considered satisfactory. The Company holds 3 buildings in France and realizes a gross profit of 2 089 233 EUR as of 31 December 2025. Profit for the year amounts to ​2 084 320 EUR in 2025 (2024: 110 373 EUR). ​ ​The 3 buildings held by the Company were sold during the year. This operation has led to a net gain in an amount ​of 1 975 008 EUR and a tax on profit to be paid in an amount of 131 290 EUR. ​ ​The Company’s activities were financed by a loan from the Parent. It is the intention of the Parent to incorporate the loan balance into the capital. ​ ​In the future the Parent Company aims at dissolving the Company.