Quantafuel Denmark ApS

Description of key activities of the companyLike previous years, the activities are to act as a holding company, to make investments, to collect, sort, and process plastic material for recycling, as well as other related activities at the board's discretion.

Significant changes in the company's activities and financial mattersThe gross loss for the year totals DKK -242.114 against DKK -713.000 last year. Profit or loss from ordinary activities after tax totals DKK -180.602.108 against DKK -26.047.000 last year. Management considers the net profit or loss for the year unsatisfactory.

The financial year has been affected by impairment of investment in participating interest Resource Denmark ApS, described in Note 3, and unrealized currency exchange rate losses on intercompany accounts.

Financial resourcesManagement considers the Company’s financial resources to be adequate, supported by sufficient and readily available cash resources and the backing of its financially strong shareholder. Furthermore, the shareholder has issued a letter of support confirming that it will provide the expected financing required for the coming financial year.

Uncertainties connected with recognition or measurementAs at 31 March 2026, the investment in participating interest Resource Denmark ApS is measured at cost less impairment losses. Management has determined the recoverable amount based on a scenario-weighted valuation model. An impairment loss of DKK 145.4 million has been recognised, resulting in a carrying amount of the investment of DKK 46.1 million. This equity investment is held in addition to the shareholder loan balance outstanding in favour of Quantafuel Denmark ApS of DKK 300.5 million, supported as recoverable based on the valuation model.

The valution is sensitive to developments in volumes, gate fees, operating margin, discount rate, terminal multiple and scenario probabilities. A 1 percentage point increase in the discount ra…

2.

Uncertainties concerning recognition and measurementAs at 31 March 2026, the investment in participating interest Resource Denmark ApS is measured at cost less impairment losses. Management has determined the recoverable amount based on a scenario-weighted valuation model. An impairment loss of DKK 145.4 million has been recognised, resulting in a carrying amount of the investment of DKK 46.1 million. This equity investment is held in addition to the shareholder loan balance outstanding in favour of Quantafuel Denmark ApS of DKK 300.5 million, supported as recoverable based on the valuation model.…

7.Contractual obligations and contingencies, etc.

Joint taxationThe company acts as administration company for the group of companies subject to the Danish scheme of joint taxation and is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, to pay the total corporation tax.

The company is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for any obligations to withhold tax on interest, royalties, and dividends.