TopCap RPG ApS

The Parent entity's main activities consist of owning shares in companies in the consultancy industry. ​ ​Right People Group is providing premium IT and business consulting services to companies and organizations.

Development in activities and finances

In December 2024, the Group acquired Shareminds ApS and in June 2025 RPG Consulting Services A/S. ​​The Group's income statement for the first financial year 2024/25 shows a (loss) of DKK (13.1) million, and the Group's balance sheet as of 30 September 2025 shows a total equity of DKK 162.0 million including minority interest.

The Group expects to grow, both organically and inorganically. ​ ​EBITDA Adjusted, for the Group excluding one-off, primarily related to M&A activities, is expected to be in the range DKK 35-45 million for the financial year 2025/2026.

Profit/loss for the year in relation to expected developments

EBITDA adjusted for the Group was expected to be in the range DKK 30-35 millon for the financial year 2024/2025. ​ ​The Group has realized an adjusted EBITDA of DKK 29.7 million. Management considers the result to be in the lower range of the the expectations. In the light of the turbulent market conditions during the financial year, the result and EBITDA adjusted are as expected.

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

There have been no events after the balance sheet date that change the assessment of the annual report.

The Parent and the Danish subsidiaries participate in a Danish joint taxation arrangement in which TopCap RPG ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Parent and the Danish subsidiaries are therefore secondarily liable for income taxes etc. for the jointly taxed entities, limited to the equity interest by which the Entity participates in the Group,and also secondarily liable for obligations, if any, relating to the withholding of tax on interest, royalties and dividends 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.

20 Assets charged and collateral

Collateral provided for group enterprises…