Context& A/S

Context& A/S is a leading provider of Microsoft-based consulting and technology solutions, helping organizations leverage digital technologies to accelerate business transformation and create sustainable value. The Company delivers expertise across areas including Data & AI, Cloud, Modern Work, Customer Experience, Internet of Things (IoT), and advanced analytics.Context& primarily serves customers in the Danish market while also supporting clients across other international markets. Through a combination of deep technical expertise, industry knowledge, and customer-centric delivery models, the Company develops and implements tailored solutions that enable customers to achieve their strategic objectives.People are at the core of Context&'s success. The Company places a strong emphasis on employee engagement, professional development, and well-being, striving to maintain a workplace culture that combines high performance with high employee satisfaction.

Context& A/S was established on 1 October 2025 through the merger of Consit A/S, Projectum ApS, and Delegate A/S, bringing together three highly complementary businesses under a unified brand and operating model. For accounting purposes, the merger was effected as of 1 January 2025.

The Company's income statement for 2025 reflects a profit of DKK 12,659,635, while the balance sheet as of 31 December 2025 shows positive equity of DKK 29,117,044. EBITDA for the year ended at DKK 48,787,225. Management is pleased with the result, which was in line with expectation taken the positive effect on the EBITDA of the merger. The merger resulted in certain non-recurring integration and transaction-related costs in 2025, which had a negative impact on EBITDA.

During the year, management focused on establishing a strong operational and organizational foundation for the newly combined business. Significant efforts were dedicated to integrating processes, strengthening collaboration across teams, aligning commercial strategies, and creating a platform for future growth and value creation.

For 2026, Context& expects to continue its growth journey as part of The Digital Neighborhood. Growth is expected to be driven primarily by organic development, supported by strong customer demand, cross-selling opportunities, and continued investments in capabilities and talent.

Management expects EBITDA for 2026 to be in the range of DKK 60–70 million, reflecting expected synergies from the integration, continued operational improvements, and organic growth initiatives.

Research and development

The Company's capitalized development costs primarily relate to the development and enhancement of proprietary intellectual property within the xPM business line (formerly Projectum ApS), as well as the implementation of the Company's new IT platform. These investments are expected to strengthen the Company's service offerings, improve operational efficiency, and support long-term value creation and future growth.…

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

Rental and lease obligationsLease obligations under operating leases. Total future lease payments:

Within 1 year…

Charges and securityThe following assets have been placed as security with bankers:

Goodwill…