GW 2015 ApS

Description of key activities of the companyGoodwings provides a modular platform for corporate travel management and ESG reporting. It consolidates booking and expense data across air, rail, hotel, and ground transport; applies recognized GHG methodologies; and delivers audit-ready analytics to measure, manage, and reduce travel-related emissions. Core capabilities include policy controls, traveler guidance at point of booking, benchmarking, and exportable reports. The platform supports compliance with evolving disclosure and decarbonization requirements, producing consistent outputs aligned with common frameworks and relevant Scope 3 categories.

Significant changes in the company's activities and financial mattersDuring the year the Company received a cash capital increase of DKK 19 million.

Outlook 2025/26

We anticipate sustained growth in 2025/26 driven by product improvements that enhance reporting and user experience, targeted go-to-market initiatives and partnerships, and operating discipline to increase efficiency and service quality. We expect to strengthen our revenue base and overall improve unit economics.

Uncertainties about recognition or measurementWe refer to management’s descriptions in the annual report’s note 1 and 2 regarding significant uncertainty related to going concern and measurement and recognition of tax assets / tax liabilities from the tax credit scheme.

2.

Uncertainties concerning recognition and measurementThe company has during fiscal years 2015/16 – 2024/25 recognized negative corporate tax of total DKK 10,4 million due to research and development costs (Danish tax credit scheme). Of this amount, company has received payments of total DKK 8,8 million and a total of DKK 1,6 million for 2022/23 - 2024/25 is recognized as tax receivables in the balance sheet at 30 June 2025.…

Events occurring after the end of the financial yearIn July 2025 the company received a DKK 2,1 million capital increase.

In November 2025 the company received a DKK 10,1 million capital increase.

On 30 June 2025, the company had a short-term debt to EIFO amounting to DKK 9,9 million. In November 2025, a deferral of instalments was obtained until 1 July 2026, subject to interest of DKK 0,35 million being paid from 1 January 2026 to 30 Juni 2026. Quarterly annuity instalments will be payable from 1 July 2026.

7.ContingenciesContingent liabilities

DKKPayments regarding lease of office space in the leaseperiod up until 30/6 2026 amounts to…