WELLPERFORM ApS

The Company's essential business activity is to deliver consultancy services within the field of oil and gas, carbon storage, geothermal energy and salt mining.

The income statement of the Company for 2025 shows a profit of DKK 3,859,517, and at 31 December 2025 the balance sheet of the Company shows an equity of DKK 16,802,512.

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

Other contingent liabilities

The company is subject to lease obligations of DKK 427,890 (2024: DKK 1,376,540) up to 6 months from the balance sheet day. In order to obtain flexibility for provision of bid and performance bonds a letter of indemnity in the amount of DKK 2,500,000 is provided as security to the bank. At year-end, DKK 281,730 of the provision was utilized.

The group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Wellperform Holding ApS, which is the management company of the joint taxation purposes. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability.