NIL TECHNOLOGY ApS

NIL Technology is a vertical integrated optical solutions company designing, developing, and mass-producing optical elements and components using high-precision nanoscale features.

The Company's income statement for 2025 shows a loss of EUR 35,167,568 as against a loss of EUR 12,305,794 in 2024. Equity in the Company's balance sheet at 31 December 2025 stood at EUR -1,055,485 as against EUR 20,543,362 at 31 December 2024.

The income statement includes acquisition-related costs of EUR 16 million arising from Radiant Opto-Electronics Corporation’s acquisition of the Company. These items are non-recurring in nature and fall outside the Company’s ordinary operating activities. The costs primarily relate to the settlement of obligations related to financing, warrant settlement costs, and other transaction-related expenses incurred in connection with the acquisition.…

Uncertainty regarding recognition and measurement

As the group is investing significantly into technology development, there is a natural uncertainty associated with the measurement of the Company's activities and future earnings. At 31 December 2025, the Company has recognized EUR 5 million regarding property, plant and equipment which mainly relates to production facilities and development costs of EUR 2 million related to development of products and technology. Furthermore EUR 3.4 million are recognized as a receivable from Group companies. The value of the investments and the receivable depends on the Group’s ability to develop, market and attract sufficient customers to generate positive earnings and recover the investment. Accordingly, Management considers the valuation to be supportable.

Moreover, reference is made to note 3, in which the matter is described in further detail.

As the group is investing significantly into technology development, there is a natural uncertainty associated with the measurement of the Company's activities and future earnings. At 31 December 2025, the Company has recognized EUR 5 million regarding property, plant and equipment which mainly relates to production facilities and development costs of EUR 2 million related to development of products and technology. Furthermore EUR 3.4 million are recognized as a receivable from Group companies. The value of the investments and the receivable depends on the Group’s ability to develop, market and attract sufficient customers to generate positive earnings and recover the investment. Accordingly, Management considers the valuation to be supportable.

No events have occurred after the balance sheet date of material importance to the annual report for 2025.