Airlich ApS

In 2025 Airlich advanced the final stages of R&D for its EcoGain™ air purification system, which included the progression of its EUDP funded project “Smart, Healthy and Energy Efficient Buildings” with EUDP Case no.640242-534522, expanded the product portfolio, continued to refine manufacturing processes, and reinforce the supply chain. Commercial rollout Denmark continued, with sales made in the period marking the transition from development to market entry.

Description of the product in development

Airlich successfully CE-marked its novel air cleaning system in 2023. The air cleaning system; EcoGain™ is intended for large, centralized ventilation systems in commercial buildings such as Office, Large Retail and Hospitality, with air flows >3.000 m3/h. The system can easily be retrofitted to both new and existing HVAC systems and provides operational savings, reduced carbon emission from building operations, improved EPC labels and better indoor air quality for tenants.…

Future expectations

FY2026 will be focused on commercialization of Airlich air cleaning technology in the Nordics with preferred major international brands in key segments.…

Financial performance for the year

The realized loss for FY2025 reflects start-up costs as a result of the strategy and long-term value generation taking place in Airlich. Efforts since FY2022 have created the foundation for commercialization of the air cleaning system and significantly contribute to the long-term profitability of the Company.…

Going concern

The Company was founded in 2022, and its focus is to develop and commercialise EcoGain™ and as a result of this, it has has made sales of the EcoGain™ product in the period with advance orders for EcoGain™ product variants. As a late-stage development company, the Company has an ongoing funding need to secure financing of its development and other start-up activities. The two key ultimate shareholders have since 2022 provided funding on a discretionary basis, and funding has been secured to cover the funding need for the first half of 2026. Based on the funding history to date, and, in line with the prior financial year, despite the current two ultimate key shareholders having not given any commitments to continue to provide funding, Management is comfortable that necessary f…

Significant events after the end of the financial year

After the closure of FY2025, Airlich has successfully initiated the commercialization phase of its air cleaning system with commercial orders taken during H1 2026.

The Company has a potential contractual obligation relating to purchase of intellectual property rights ofDKK 1.000k with the addition of interest of 5% p.a. if certain conditions are met, where it is at this stage notpossible to determine the likelihood of whether these conditions will be triggered, and the obligation isdisclosed as a contingent liability. If conditions are triggered, the potential payment will be recognized as anaddition to intangible assets.

Joint liabilitiesThe Company is jointly and severally liable together with the Parent Company and the other group companies in the joint taxable group for tax on the group’s joint taxable income and for certain possible withholding taxes, such as dividend tax, etc.

Tax payable on the Group’s joint taxable income is stated in the annual report of Nelbek Ventures 2 ApS, which serves as management Company for the joint taxation.

9 | Charges and securities

As security for liabilities of DKK 0, together with the contingent liability disclosed in

note 8, the Company has given the creditor a floating charge over the assets of the Company amounting to DKK 630k.