DANMAGI ApS

DanMagi ApS is 100% owned by DanMagi Group ApS and owns 99% of Danmagi India Pvt. Ltd. DanMagi's primary​purpose is to develop and sell DanMagi's cloud-based internet solutions, which offer reliable Wi-Fi to guests at hotels, restaurants, cafes, conference centers, and other relevant segments where guests require temporary internet access via Wi-Fi. ​ ​DanMagi has identified a gap in the market and offers the customer segments a high-quality solution at ​competitive prices. The reception of DanMagi as a leading provider of innovative guest internet services has been ​consistently positive. ​​The Company has built a strong market platform, including partnerships with global ​customers. Therefore, the Company is in a strong position for future development and a significant increase in ​activities going forward.​ ​The Company has a global focus with its headquarters in Copenhagen, covering the EMEA region, including a branch in the UK. Additionally, the Company has a subsidiary in India covering the APAC region. DanMagi Group also has a Brazilian company for the CALA region.

Development in activities and finances

The Company's Income Statement of the financial year 1 January 2025 - 31 December 2025 shows a loss of DKK​ -10,104,387 and the Balance Sheet at 31 December 2025 a balance sheet total of DKK 3,195,231 and an equity of DKK -8,108,647.​​The Group has in 2025 focused on a new founding round and in exploring and negotiating a number of potential companies with similar or complimentary activities, with the purpose of either taking over the company or it’s activities. ​​The funding of the Group has been completed in Q1 2026, with a total of DKK 31 mio. in new equity, securing the group a significant sum to be able to support the purchase of new activities. ​ ​The organic growth of The Danmagi Group is slower than expected, and the growth is primary on upsale to existing costumers. The operational organisation is still being optimised, and this will continue in 2026. I 2025 the company have had several resources dedicated to the exploitation of new activities. The downscaling of operational costs will continue in 2026. For further information please see note 1. ​

The Group expects the search for purchasing new activities to be concluded in 2026, securing a substantial increase in revenue. The Group is today negotiating cooperations with strategic partners, for whom we can sell complimentary product to Danmagi’s own products, and cooperation with another company, where Danmagi shall distribute their complementary products in India, using our organization. The current negotiations are more​related to co-operations and minor acquisitions.​ ​By the end of 2026 it is the management teams goal to secure that the Group’s operation shall be cash-positive. ​

Tax Credit Scheme (LL§8X) ​The Group has been selected for inspection by the Danish Tax Agency with a primary focus on the Group's ​historical use of the rules of the Tax Credit Scheme (LL§8X). The Group has received approximately DKK 0.8 ​million in the Tax Credit Scheme (LL§8X) for the year 2022, which the The Danish Tax Agency has challenged. Years before 2022 has not been challenged.​​

The Tax Credit Scheme has been used in 7 well-defined projects, and the Group disagree with The Danish Tax ​Agency, why their conclusion has been challenged to be evaluated by Skatteankestyrelsen. Their conclusion is ​expected in 2-3 years. Until then, the claim doesn’t have to be paid. ​​Due to the fact that Management expects the authorities to accept the use of the scheme, no provision has been ​made for a potential requirement from the authorities regarding payback of the tax credit received. Please also see note 11 for further description.

After the end of the financial year, the fundraising in Danmagi Group ApS has been concluded, with a total sum of​DKK 31 mio. in new equity in Danmagi Group ApS. Management expects Danmagi Group ApS to carry on standing behind Group companies, including Danmagi ApS.

After the end of the financial year, a fundraising has been concluded, with a total sum of DKK 31 mio. in new equity in Danmagi Group ApS. Management expects Danmagi Group ApS to carry on standing behind Group companies, including Danmagi ApS.​

The Group has been selected for inspection by the Danish Tax Authorities related to the use of the Tax Credit ​Scheme (LL§8X) in 2022, for an amount of 0.8 million. Please see note 2 for further description. Management ​expects that the Tax Authorities will accept the use of the Tax Credit Scheme, and therefore no provision has ​been made to cover a potential repayment.

The Entity participates in a Danish joint taxation arrangement where Danmagi Group ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is​therefore liable for income taxes etc. for the jointly taxed entities and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.

12 Assets charged and collateral

A business lien has been provided on T.DKK. 4,000 in receivables from sales and services, as well as intangible and tangible fixed assets, with a booked value of T. DKK 935 as of December 31. 2025.