Obsidian Group ApS

Obsidian Group ApS's main activities are owning shares in Obsidian companies.

Description of material changes in activities and finances

In 2025 the Company continued supporting the subsidiaries according to Obsidian Group strategy.

Development in activities and finances

The Companys income statement for 2025 shows a loss of DKK 5.8 million against a loss of DKK 25.5 million in 2024. Equity in the Company's balance sheet at 31 December 2025 stood at DKK 198.2 million as against DKK 219.7 million at 31 December 2024.​​The result for the year is affected by yearly amortisation of goodwill and result from subsidiaries. A reversal of an earn out provision of DKK 23.7 million has improved the result for the year.​​Capital increases and group contributions of total DKK 29.4 million has been made during the financial year to support investments.

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Entity participates in a Danish joint taxation arrangement where Oskar Holdco ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is​therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.​​The Danish entities Obsidian Group ApS and Oskar BidCo ApS are jointly and severally liable for the joint registration concerning VAT.

10 Assets charged and collateral

Collateral provided for group enterprises ​The Company has provided self-debtor surety to affiliated companies, to security for the group's bank debt. ​ ​The self-debtor surety is limited to DKK 235 million. ​​Bank loans of group enterprises amount to DKK 199 million.​​Shares in subsidiaries have been pledged.