atSpiro ApS

Description of key activities of the companyLike previous years, the activities consist of developing technologies for advancing research and process development through shaken fermentations and cell cultivations.

Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters.

The gross profit for the year totals DKK 378.018 against DKK 1.496.355 last year. Profit or loss from ordinary activities after tax totals DKK -1.362.399 against DKK -251.130 last year. Management considers the net profit or loss for the year unsatisfactory.

Uncertainties relating to going concernThe continued operation depends on future cash flows. The Company's management has prepared budgets that show a positive result in the coming year and positive cash flows. Management has also implemented a new marketing strategy, which was initiated towards the end of the financial year and is expected to generate positive results during 2026/2027. If sales unexpectedly do not meet the budget, management is of the opinion that it is possible to reduce expenditure and thereby maintain positive cash flows for a certain period. Management therefore believes that the Company can continue its operations until at least 31 March 2027.

Uncertainties connected with recognition or measurementThe company has recognized patents in an amount of DKK 8.925.071 and deferred tax asset in an amount of DKK 1.137.745. The recognition and measurement of the two items are relying on the same budget as described in note 1 and that the results and cash-flow in the budgets are met. There is therefore an uncertainty as to the measurement of the two assets.

8.Contractual obligations and contingencies, etc.

Lease liabilities:

The Company has entered into a lease agreement, which expires on 16 July 2026. The monthly rent amounts to DKK 14.5 thousand. The Company has a remaining lease liability of DKK 73 thousand.

7.Charges and securityThe company has no charges or securities as of 31 March 2026.