LL COLD ApS

LL Cold ApS' principal activity consists of running cold and freezer houses for rent within the food industry. During the year, LL Cold transfered some of its handling activity to the subsidirary, LL Cold TRS.

Development in activities and finances

The Company's income statement for 2025 shows a loss of DKK 15,348 thousand as against a loss of DKK 23,935 thousand in 2024. Equity in the Company's balance sheet at 31 December 2025 stood at DKK 326,798 thousand as against DKK 269,211 thousand at 31 December 2024. ​​Effective as of January 1, 2025, the Company has merged with its sister entities Lineage Kolding ApS with LL COLD​ApS as the continuing entity.

Management are expecting an increase in gross profit of 1-3%, but due to ongoing restructuring, we expect 2026 result to be in line with 2025.

Profit/loss for the year in relation to expected developments

Management expected, in last year’s annual report, a profit for the year in the range of DKK 0–20 million. The actual result for the year amounted to a loss of DKK 15.3 million and was therefore significantly below the previously stated expectations. The deviation was primarily driven by increased personnel costs and higher restructuring costs than anticipated, also due to the merger with LL Cold sister company in 2025.

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 Lineage Danish Bidco 5 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.