True Energy A/S

True Energy was founded in Denmark in 2018. With partners in the Nordics, we aim to make it easy for customers to automatically use electricity when it is cheapest and most climatefriendly. At the same time, True Energy’s solutions help balance the energy grid. In this way, we – and our customers – support the transition to more renewable energy.

The company's purpose is to develop solutions for intelligent electricity consumption. Main focus is electrical vehicles (EV), where True Energy’s App automatically makes charging cheaper and more climate friendly. Furthermore, the solutions balance the grid and thereby support the electrification and acceleration of transition to sustainable energy.

Financial review

The company's income statement for the year ended 31 March 2026 shows a loss of DKK 4,499,478, and the balance sheet at 31 March 2026 shows negative equity of DKK 27,919,461.…

About Landis+Gyr AGSince 2021, True Energy A/S has been part of Landis+Gyr AG. Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided more than 9 million tons of CO2 in FY 2021 and committed to achieve carbon neutrality by 2030, Landis+Gyr manages energy better – since 1896. With sales of USD 1.6 billion in FY 2021, Landis+Gyr employs around 7,800 talented people across five continents. For more information, please visit our website www.landisgyr.com.

The company's financial position at 31 March 2026 is affected by a group constribution of TDKK 21,000 from its parent company and that is recognized directly at the equity. The result for the year is affected by the liquidation of the company's operations. At 31 March 2026 all employees have been resigned and the company have stopped its operations.

The company is jointly taxed with other group companies and is jointly liable with the other group companies for payable and unsettled corporation and withholding taxes. The total amount for payable corporate tax is shown in the annual report for Landis+Gyr, filial af Landis+Gyr Oy, Finland. Any subsequent corrections to the corporate tax and withtholding taxes can lead to a higher liability for the Company.

Other contingent liabilities not recognised in balance sheetIn relation to the liquidation of the Company, the Company has received claims raised by its creditors which is still pending. The amount of total claims is below TDKK 2,910. Based on the Company’s assessment and legal advice received, Liquidators expects the Company to prevail in the reported cases. Accordingly, no provisions have been recognised, as the claims are not expected to have any material financial effect.