CMRF Seahawk ApS

The main activity of the company is the purchase and construction of real estate for the purpose of resale.

The income statement for 2025 shows a loss of DKK 49,685,476 against a profit of DKK 18,672,313 last year, and the balance sheet at 31 December 2025 shows equity of DKK 10,502,861. Management considers the Company's financial performance in the year satisfactory.

The Company’s investment properties have been subject to a significant negative fair value adjustment during the financial year. The adjustment primarily relates to a development project for which the entered turnkey construction contract was terminated due to the contractor’s material breach of its contractual obligations.

As a consequence of the termination, the Company has been required to reassess the underlying assumptions of the project, including the stage of completion, the quality of the work performed and the remaining works to be carried out. This has resulted in the need for a comprehensive redesign and renovation of the project, which is expected to lead to substantially higher completion costs than originally budgeted.…

No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.

Other contingent liabilities

The company has entered into agreements for the construction of the property and does have contractual obligations and contigencies as at 31 December 2025.

The Company has as part of its normal course of business, entered into customary executory contracts.

The Company has not provided any security or other collateral in assets at 31 December 2025.