POWERMART ApS

The principal activity is trading with commodities on the

European wholesale energy markets as well as carrying

out related activities as determined by the management.

The income statement of the company for the year ended

30 June 2025 shows a loss of EUR 4,690 thousand, and at…

The income statement of the company for the year ended 30 June 2025 shows a loss of EUR 4,690 thousand, and at 30 June 2025 the balance sheet shows a positive equity of EUR 103,059 thousand.

During the financial year, the focus was on strengthening the organisation, both through developing its trading desks and support functions, and on diversifying the product portfolio and market presence. At the same time, the past 12 months were marked by relatively low volatility and challenging conditions in the energy markets. Combined with activity levels falling short of expectations, this led to a loss instead of the anticipated break-even result, which was the lowest expected level according to last years expectations.Key Risk CategoriesThe Company is exposed to a range of risk factors, which are assessed on the probability of occurrence and potential damage, followed by appropriate risk mitigation measures based on the risk appetite. While many risks cannot be fully mitigated, sev…

There has been no uncertainty regarding recognition and

measurement in the Annual Report.

The company is party to a legal dispute. Please refer to

note 12 for further description.

No events materially affecting the assessment of the

Annual Report have occurred after the balance sheet date.…

The company remains party in a legal dispute, which means that an amount equivalent to EUR

32.6 million is for the time being indisposable to the company, which for accounting purposes arepresented as other receivables under fixed assets. The dispute is still at a stage in which, it cannotbe established whether the dispute will lead to an outflow on the company's resources.…

As security for trade with counterparties, the company's financial institutes, including its primarybank connect, have issued bank guarantees. Bank accounts totaling EUR 18,950 thousand havebeen provided as collateral for the guarantee facilities.