{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"KOB": "http://xbrl.cph.dk/2025-12-31",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"http://xbrl.cph.dk/2025-12-31/CPH-2025-12-31.xsd"
]
},
"facts": {
"f1__s9__7__5": {
"value": "K\u00f8benhavns Lufthavne A/S",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__6": {
"value": "A/S",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__7": {
"value": "Lufthavnsboulevarden 6, 2770 Kastrup, Denmark",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__15": {
"value": "Denmark",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__14": {
"value": "Denmark",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__13": {
"value": "Denmark",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s3__3__5": {
"value": "3361000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:TrafficRevenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__5": {
"value": "3068000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:TrafficRevenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__6": {
"value": "994000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:ConcessionRevenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__6": {
"value": "938000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:ConcessionRevenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__7": {
"value": "458000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:CarParkingRevenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__7": {
"value": "419000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:CarParkingRevenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__8": {
"value": "211000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RentalIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__8": {
"value": "213000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RentalIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__9": {
"value": "497000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RevenueFromRenderingOfServices",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__9": {
"value": "432000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RevenueFromRenderingOfServices",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__10": {
"value": "5521000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__10": {
"value": "5070000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__11": {
"value": "3000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__11": {
"value": "2000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__12": {
"value": "807000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:ExternalOperatingExpense",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__12": {
"value": "718000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:ExternalOperatingExpense",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__13": {
"value": "1977000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__13": {
"value": "1778000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__14": {
"value": "901000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__14": {
"value": "967000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__15": {
"value": "1839000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__15": {
"value": "1609000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__16": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__16": {
"value": "-13000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__17": {
"value": "5000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__17": {
"value": "6000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__18": {
"value": "204000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__18": {
"value": "263000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__19": {
"value": "1625000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__19": {
"value": "1339000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__20": {
"value": "382000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__20": {
"value": "299000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__21": {
"value": "1243000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__21": {
"value": "1040000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__22": {
"value": "1215000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__22": {
"value": "1016000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__23": {
"value": "28000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__23": {
"value": "24000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__24": {
"value": "1243000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__4__24": {
"value": "1040000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s3__3__25": {
"value": "158.0",
"decimals": 0,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK/xbrli:shares"
}
},
"f1__s3__3__25_1": {
"value": "158.0",
"decimals": 0,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK/xbrli:shares"
}
},
"f1__s3__4__25": {
"value": "133.0",
"decimals": 0,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK/xbrli:shares"
}
},
"f1__s3__4__25_1": {
"value": "133.0",
"decimals": 0,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK/xbrli:shares"
}
},
"f1__s4__3__5": {
"value": "1243000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__5": {
"value": "1040000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__6": {
"value": "-2000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__6": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__7": {
"value": "120000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__7": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesBeforeTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__8": {
"value": "26000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__9": {
"value": "92000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__9": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__10": {
"value": "1335000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__10": {
"value": "1025000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__11": {
"value": "1307000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__11": {
"value": "1001000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__12": {
"value": "28000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__12": {
"value": "24000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__3__13": {
"value": "1335000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s4__4__13": {
"value": "1025000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__5": {
"value": "375000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__5": {
"value": "276000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__6": {
"value": "5751000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LandAndBuildings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__6": {
"value": "5861000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LandAndBuildings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__7": {
"value": "1247000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InvestmentProperty",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__7": {
"value": "1267000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InvestmentProperty",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__8": {
"value": "4226000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:PlantAndMachinery",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__8": {
"value": "4138000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:PlantAndMachinery",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__9": {
"value": "819000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FixturesAndFittings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__9": {
"value": "583000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FixturesAndFittings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__10": {
"value": "4170000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ConstructionInProgress",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__10": {
"value": "3207000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ConstructionInProgress",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__11": {
"value": "16213000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__11": {
"value": "15056000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__12": {
"value": "110000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__12": {
"value": "107000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InvestmentsInAssociatesAccountedForUsingEquityMethod",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__13": {
"value": "110000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentFinancialAssets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__13": {
"value": "107000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentFinancialAssets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__14": {
"value": "16698000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__14": {
"value": "15439000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__17": {
"value": "517000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTradeReceivables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__17": {
"value": "435000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTradeReceivables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__18": {
"value": "71000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentReceivables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__18": {
"value": "64000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentReceivables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__19": {
"value": "127000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentPrepayments",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__19": {
"value": "129000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentPrepayments",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__20": {
"value": "54000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Cash",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__20": {
"value": "48000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Cash",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__21": {
"value": "769000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__21": {
"value": "676000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__24": {
"value": "17467000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__24": {
"value": "16115000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__27": {
"value": "785000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__27": {
"value": "785000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__28": {
"value": "-35000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReserveOfCashFlowHedges",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__28": {
"value": "-129000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReserveOfCashFlowHedges",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__29": {
"value": "4210000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__29": {
"value": "3197000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__30": {
"value": "4960000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__30": {
"value": "3853000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__31": {
"value": "548000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__31": {
"value": "563000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__32": {
"value": "5508000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__32": {
"value": "4416000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__35": {
"value": "999000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__35": {
"value": "950000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__36": {
"value": "5888000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__36": {
"value": "7352000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__37": {
"value": "204000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentPayables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__37": {
"value": "322000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentPayables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__38": {
"value": "7091000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__38": {
"value": "8624000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__41": {
"value": "3170000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__41": {
"value": "1824000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__42": {
"value": "189000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAdvances",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__42": {
"value": "214000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAdvances",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__43": {
"value": "1033000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__43": {
"value": "693000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__44": {
"value": "236000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__44": {
"value": "98000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__45": {
"value": "240000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentPayables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__45": {
"value": "244000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentPayables",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__46": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:CurrentDeferredIncomeIncludingCurrentContractLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__46": {
"value": "2000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentDeferredIncomeIncludingCurrentContractLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__47": {
"value": "4868000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__47": {
"value": "3075000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__50": {
"value": "11959000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__50": {
"value": "11699000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__3__53": {
"value": "17467000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s5__4__53": {
"value": "16115000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__5": {
"value": "785000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__5": {
"value": "-129000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__5": {
"value": "3197000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__5": {
"value": "3853000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__5": {
"value": "563000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__5": {
"value": "4416000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__5": {
"value": "785000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__5": {
"value": "-114000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__5": {
"value": "2181000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__5": {
"value": "2852000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__5": {
"value": "586000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__5": {
"value": "3438000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__6": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__6": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__6": {
"value": "1215000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__6": {
"value": "1215000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__6": {
"value": "28000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__6": {
"value": "1243000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__6": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__6": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__6": {
"value": "1016000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__6": {
"value": "1016000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__6": {
"value": "24000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__6": {
"value": "1040000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__7": {
"value": "-2000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__7": {
"value": "-2000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__7": {
"value": "-2000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__7": {
"value": "0.0",
"dimensions": {
"concept": "KOB:OtherAdjustmentsForOtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__8": {
"value": "94000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__8": {
"value": "94000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__8": {
"value": "94000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__8": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__8": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__8": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnCashFlowHedgesNetOfTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__9": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__9": {
"value": "94000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__9": {
"value": "-2000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__9": {
"value": "92000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__9": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__9": {
"value": "92000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__9": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__9": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__9": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__9": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__9": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__9": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__10": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__10": {
"value": "94000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__10": {
"value": "1213000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__10": {
"value": "1307000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__10": {
"value": "28000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__10": {
"value": "1335000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__10": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__10": {
"value": "-15000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__10": {
"value": "1016000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__10": {
"value": "1001000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__10": {
"value": "24000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__10": {
"value": "1025000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__11": {
"value": "-43000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__11": {
"value": "-43000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__11": {
"value": "-47000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__11": {
"value": "-47000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__12": {
"value": "200000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__12": {
"value": "200000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__12": {
"value": "200000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__13": {
"value": "-200000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__13": {
"value": "-200000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__13": {
"value": "-43000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__13": {
"value": "-243000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__13": {
"value": "-47000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__13": {
"value": "-47000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__3__14": {
"value": "785000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__4__14": {
"value": "-35000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__5__14": {
"value": "4210000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__6__14": {
"value": "4960000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__7__14": {
"value": "548000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__8__14": {
"value": "5508000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s6__9__14": {
"value": "785000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__10__14": {
"value": "-129000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__11__14": {
"value": "3197000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__12__14": {
"value": "3853000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__13__14": {
"value": "563000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:DKK"
}
},
"f1__s6__14__14": {
"value": "4416000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s9__7__29": {
"value": "At year-end, the share capital of CPH A/S amounted to 7,848,070 shares (2024: 7,848,070 shares), each with a nominal value of DKK 100. Equity shares consist of only one share class and include no special rights, preferences or restric-tions. All shares are fully paid.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s7__3__5": {
"value": "5414000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReceiptsFromSalesOfGoodsAndRenderingOfServices",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__5": {
"value": "4945000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReceiptsFromSalesOfGoodsAndRenderingOfServices",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__6": {
"value": "2529000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsToSuppliersForGoodsAndServicesAndToAndOnBehalfOfEmployees",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__6": {
"value": "2595000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsToSuppliersForGoodsAndServicesAndToAndOnBehalfOfEmployees",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__7": {
"value": "2885000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__7": {
"value": "2350000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__8": {
"value": "4000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__8": {
"value": "5000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__9": {
"value": "354000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__9": {
"value": "357000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__10": {
"value": "2535000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:CashFlowsFromUsedInOperatingActivitiesBeforeTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__10": {
"value": "1998000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:CashFlowsFromUsedInOperatingActivitiesBeforeTax",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__11": {
"value": "221000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__11": {
"value": "83000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__12": {
"value": "2314000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__12": {
"value": "1915000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__15": {
"value": "1810000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__15": {
"value": "1301000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__16": {
"value": "153000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__16": {
"value": "73000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__17": {
"value": "3000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__17": {
"value": "2000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__18": {
"value": "3000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:CapitalContributionToJointVenturesClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__18": {
"value": "0.0",
"dimensions": {
"concept": "KOB:CapitalContributionToJointVenturesClassifiedAsInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__19": {
"value": "-1963000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__19": {
"value": "-1372000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__22": {
"value": "346000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__22": {
"value": "351000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__23": {
"value": "1650000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromNoncurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__23": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProceedsFromNoncurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__24": {
"value": "2698000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfCurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__24": {
"value": "1336000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfCurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__25": {
"value": "1292000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromCurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__25": {
"value": "1197000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromCurrentBorrowings",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__26": {
"value": "-43000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:ProceedsFromChangesInOwnershipInterestsInSubsidiariesAndPaymentsFromChangesInOwnershipInterestsInSubsidiaries",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__26": {
"value": "-47000000.0",
"decimals": -6,
"dimensions": {
"concept": "KOB:ProceedsFromChangesInOwnershipInterestsInSubsidiariesAndPaymentsFromChangesInOwnershipInterestsInSubsidiaries",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__27": {
"value": "200000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__27": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__28": {
"value": "-345000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__28": {
"value": "-537000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__31": {
"value": "6000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__31": {
"value": "6000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__32": {
"value": "48000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Cash",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__32": {
"value": "42000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Cash",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__3__33": {
"value": "54000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Cash",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s7__4__33": {
"value": "48000000.0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Cash",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:DKK"
}
},
"f1__s9__7__31": {
"value": "1.1 Material accounting policy informationTo make the report more manageable and readable, the material accounting policy information, estimates and judgements relating to specific items are described in the individual notes to the financial statements, allowing the reader to find all the information relating to the item in one place. The accounting policies are unchanged from 2024 and have been applied consistently in the preparation of the consolidated financial statements for all the years presented. Comparative figures have been adjusted for minor reclassifications. The changes are considered immaterial and have no impact on profit, equity or cash flows. Basis of preparationThe consolidated financial statements included in this Annual Report have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) and in accordance with IFRS Accounting Standards as adopted by the European Union and further requirements in the Danish Financial Statements Act.The financial statements of the Parent Company, Copenhagen Airports A/S, have been prepared in accordance with the Danish Financial Statements Act (reporting class D).The Annual Report is presented in Danish kroner (DKK), which is the Parent Company\u2019s functional currency, rounded to the nearest DKK 1 million. The Annual Report is prepared using the historical cost principle.Basis of consolidation The consolidated financial statements include the Parent Company, Copenhagen Airports A/S, and all subsid-iaries over which the Parent Company exercises control. Companies where the Parent Company controls 50% or less of the votes and does not have control but exercises significant influence are considered joint ventures.CPH\u2019s Annual Report is prepared on the basis of the financial statements of the Parent Company and the subsidiaries. The financial statements used in the consolidation are prepared in accordance with CPH\u2019s accounting policies.Foreign currency translation CPH\u2019s functional currency is DKK, which is used as the measurement and presentation currency in the prepara-tion of the Annual Report. On initial recognition, foreign currency transactions are translated into the functional currency at the exchange rate at the transaction dates. Monetary items denominated in a foreign currency are translated at the exchange rate at the reporting date. Foreign currency translation differences between the exchange rates at the trans-action date and the date of payment are recognised in the income statement as Financial income or Financial expenses. Statement of comprehensive incomeCPH presents comprehensive income in two statements: an income statement and a statement of compre-hensive income, showing the results of operations for the year and income included in other comprehensive income. Other comprehensive income comprises hedging transactions. Tax related to other comprehensive income for the individual items is disclosed in the relevant notes.EquityDividendsDividends expected to be declared in respect of the year are stated under equity. Dividends are recognised as a liability at the time of adoption by the shareholders at the Annual General Meeting.Cash flow statement The cash flow statement presents CPH\u2019s cash flows for the year distributed between operating, investing and financing activities as well as the net changes in cash for the year and CPH\u2019s cash at the beginning and end of the year. Cash includes cash and balances on account available at no or short notice. The cash flow from operating activities comprises payments from customers less payments to employees, suppliers, etc., adjusted for financial items paid/received and income taxes paid. The cash flow from investing activities comprises cash flows from the purchase and sale of intangible assets, property, plant and equipment, and investments. The cash flow from financing activities comprises cash flows from the raising and repayment of long-term and short-term debt to financial institutions as well as dividends paid to shareholders.Significant accounting estimates and judgementsIn preparing the consolidated financial statements, management makes various accounting judgements and estimates that form the basis of the presentation, recognition and measurement of CPH\u2019s assets and liabilities.By nature, these judgements and estimates involve a degree of uncertainty, hence actual results may deviate from the assessments made at the reporting date. Judgements and estimates are continuously evaluated, and the effects of any changes are recognised in the relevant period. The primary financial statement item for which significant accounting judgements and estimates are applied relates to the useful lives of property, plant and equipment and their residual values (accounting estimate). Estimates and underlying assumptions are based on historical data and factors that management considers relevant under the given circumstances. These assumptions may have to be revised, and unexpected events or circumstances may occur. The carrying amounts of these items are disclosed in note 3.3.There are no changes to the estimates made by CPH in determining the carrying amounts compared to 2024. Changes in accounting policies and disclosuresNew IFRS Accounting Standards and amendments not yet effective or adopted by the EUNew IFRS Accounting Standards and amendments effective 1 January 2025 have been considered in the prepa-ration of these financial statements. Management assessed the impact, and found that there was no material impact on the statements or notes presented in the consolidated financial statements. CPH generally does not adopt new or amended IFRS Accounting Standards until they become effective and have been endorsed by the EU, and has not done so in preparing these consolidated financial statements. Management does not anticipate any material impact on the consolidated financial statements from the adop-tion of the new accounting standards and interpretations, with the exception of IFRS 18, which replaces IAS 1 effective from 1 January 2027. IFRS 18 \u2013 Presentation and DisclosureManagement is currently assessing the impact of adopting IFRS 18, which will primarily change the presenta-tion of the Group\u2019s income statement. Changes include the introduction of mandatory subtotals and reclassifi-cation of financial income and expenses into new subcategories in the financial statements, as well as refined requirements for the grouping of information and the disclosure of items currently labelled \"other\". Furthermore, the Group is evaluating the additional disclosure requirements for Management-defined Perfor-mance Measures (MPMs). While these changes will alter the structure of the primary statements and related notes, the implementation of IFRS 18 is not expected to impact the Group\u2019s reported net profit or equity.AeronauticalThis business area comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. Revenue in the aeronautical business area comprises passenger, security, handling, take-off and aircraft parking charges. Non-aeronauticalThis business area comprises the other facilities and services provided at the airports for passengers and others, including car parking facilities, shops, restaurants, lounges and the hotels. The vast majority of the facilities and services are operated by concessionaires. This business area also includes the leasing of CPH\u2019s buildings, premises and land to non-Group lessees. Revenue in the non-aeronautical business area comprises concession revenue; rent from buildings, premises and land; revenue from car parking; the hotel oper ation; energy distri-bution; services for persons with reduced mobility (PRM); taxi management services (TMS); sale of consulting services concerning airport operation; and other services.Revenue related to CPH\u2019s largest customer amounted to DKK 1,243 million in 2025 (2024: DKK 992 million), repre-senting 23% of revenue (2024: 20%). Revenue related to the second-largest customer amounted to DKK 558 million in 2025 (2024: DKK 531 million), representing 10% of revenue (2024: 10%). The revenue from the largest and second-largest customers related to both the aeronautical and non-aeronautical business areas.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__30": {
"value": "1.1 Material accounting policy informationTo make the report more manageable and readable, the material accounting policy information, estimates and judgements relating to specific items are described in the individual notes to the financial statements, allowing the reader to find all the information relating to the item in one place. The accounting policies are unchanged from 2024 and have been applied consistently in the preparation of the consolidated financial statements for all the years presented. Comparative figures have been adjusted for minor reclassifications. The changes are considered immaterial and have no impact on profit, equity or cash flows. Basis of preparationThe consolidated financial statements included in this Annual Report have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) and in accordance with IFRS Accounting Standards as adopted by the European Union and further requirements in the Danish Financial Statements Act.The financial statements of the Parent Company, Copenhagen Airports A/S, have been prepared in accordance with the Danish Financial Statements Act (reporting class D).The Annual Report is presented in Danish kroner (DKK), which is the Parent Company\u2019s functional currency, rounded to the nearest DKK 1 million. The Annual Report is prepared using the historical cost principle.Basis of consolidation The consolidated financial statements include the Parent Company, Copenhagen Airports A/S, and all subsid-iaries over which the Parent Company exercises control. Companies where the Parent Company controls 50% or less of the votes and does not have control but exercises significant influence are considered joint ventures.CPH\u2019s Annual Report is prepared on the basis of the financial statements of the Parent Company and the subsidiaries. The financial statements used in the consolidation are prepared in accordance with CPH\u2019s accounting policies.Foreign currency translation CPH\u2019s functional currency is DKK, which is used as the measurement and presentation currency in the prepara-tion of the Annual Report. On initial recognition, foreign currency transactions are translated into the functional currency at the exchange rate at the transaction dates. Monetary items denominated in a foreign currency are translated at the exchange rate at the reporting date. Foreign currency translation differences between the exchange rates at the trans-action date and the date of payment are recognised in the income statement as Financial income or Financial expenses. Statement of comprehensive incomeCPH presents comprehensive income in two statements: an income statement and a statement of compre-hensive income, showing the results of operations for the year and income included in other comprehensive income. Other comprehensive income comprises hedging transactions. Tax related to other comprehensive income for the individual items is disclosed in the relevant notes.EquityDividendsDividends expected to be declared in respect of the year are stated under equity. Dividends are recognised as a liability at the time of adoption by the shareholders at the Annual General Meeting.Cash flow statement The cash flow statement presents CPH\u2019s cash flows for the year distributed between operating, investing and financing activities as well as the net changes in cash for the year and CPH\u2019s cash at the beginning and end of the year. Cash includes cash and balances on account available at no or short notice. The cash flow from operating activities comprises payments from customers less payments to employees, suppliers, etc., adjusted for financial items paid/received and income taxes paid. The cash flow from investing activities comprises cash flows from the purchase and sale of intangible assets, property, plant and equipment, and investments. The cash flow from financing activities comprises cash flows from the raising and repayment of long-term and short-term debt to financial institutions as well as dividends paid to shareholders.Significant accounting estimates and judgementsIn preparing the consolidated financial statements, management makes various accounting judgements and estimates that form the basis of the presentation, recognition and measurement of CPH\u2019s assets and liabilities.By nature, these judgements and estimates involve a degree of uncertainty, hence actual results may deviate from the assessments made at the reporting date. Judgements and estimates are continuously evaluated, and the effects of any changes are recognised in the relevant period. The primary financial statement item for which significant accounting judgements and estimates are applied relates to the useful lives of property, plant and equipment and their residual values (accounting estimate). Estimates and underlying assumptions are based on historical data and factors that management considers relevant under the given circumstances. These assumptions may have to be revised, and unexpected events or circumstances may occur. The carrying amounts of these items are disclosed in note 3.3.There are no changes to the estimates made by CPH in determining the carrying amounts compared to 2024. Changes in accounting policies and disclosuresNew IFRS Accounting Standards and amendments not yet effective or adopted by the EUNew IFRS Accounting Standards and amendments effective 1 January 2025 have been considered in the prepa-ration of these financial statements. Management assessed the impact, and found that there was no material impact on the statements or notes presented in the consolidated financial statements. CPH generally does not adopt new or amended IFRS Accounting Standards until they become effective and have been endorsed by the EU, and has not done so in preparing these consolidated financial statements. Management does not anticipate any material impact on the consolidated financial statements from the adop-tion of the new accounting standards and interpretations, with the exception of IFRS 18, which replaces IAS 1 effective from 1 January 2027. IFRS 18 \u2013 Presentation and DisclosureManagement is currently assessing the impact of adopting IFRS 18, which will primarily change the presenta-tion of the Group\u2019s income statement. Changes include the introduction of mandatory subtotals and reclassifi-cation of financial income and expenses into new subcategories in the financial statements, as well as refined requirements for the grouping of information and the disclosure of items currently labelled \"other\". Furthermore, the Group is evaluating the additional disclosure requirements for Management-defined Perfor-mance Measures (MPMs). While these changes will alter the structure of the primary statements and related notes, the implementation of IFRS 18 is not expected to impact the Group\u2019s reported net profit or equity.AeronauticalThis business area comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. Revenue in the aeronautical business area comprises passenger, security, handling, take-off and aircraft parking charges. Non-aeronauticalThis business area comprises the other facilities and services provided at the airports for passengers and others, including car parking facilities, shops, restaurants, lounges and the hotels. The vast majority of the facilities and services are operated by concessionaires. This business area also includes the leasing of CPH\u2019s buildings, premises and land to non-Group lessees. Revenue in the non-aeronautical business area comprises concession revenue; rent from buildings, premises and land; revenue from car parking; the hotel oper ation; energy distri-bution; services for persons with reduced mobility (PRM); taxi management services (TMS); sale of consulting services concerning airport operation; and other services.Revenue related to CPH\u2019s largest customer amounted to DKK 1,243 million in 2025 (2024: DKK 992 million), repre-senting 23% of revenue (2024: 20%). Revenue related to the second-largest customer amounted to DKK 558 million in 2025 (2024: DKK 531 million), representing 10% of revenue (2024: 10%). The revenue from the largest and second-largest customers related to both the aeronautical and non-aeronautical business areas.Accounting policiesThe accounting policies for recognition and measurement of business areas are the same for the income state-ment and the balance sheet. CPH does not have operating segments in accordance with IFRS 8. The operating results for the business areas comprise directly attributable revenue less related operating costs. Operating costs comprise external costs, staff costs, amortisation and depreciation. Business area assets comprise non-current assets used directly in the operating activities of each business area and current assets directly attributable to the operating activities of each business area, including trade receiv-ables, other receivables, prepayments and deferred income. Jointly used properties are allocated to the busi-ness areas based on an overall estimate of the amount of space used. Business area liabilities comprise liabilities that have arisen out of the business area\u2019s operations, including prepayments received from customers, trade payables and other payables.Business areasCPH has two business areas: aeronautical and non-aeronautical.The business area classification follows the legal and organisational classification of the Group\u2019s activities. The aeronautical business area comprises the regulated part of Copenhagen Airports (traffic charges), and the non-aeronautical business area comprises all other activities. This classification is appropriate, as the aero-nautical business area reporting also constitutes the reporting of regulatory activities under BL 9-15 (traffic charges). BL 9-15 is described in note 5.5.2.1 Information on business areas (continued)2025 2024Non- Non- 1Total Aeronauticalaeronautical UnallocatedDKKm Aeronauticalaeronautical UnallocatedTotalRevenue 3,361 2,160 - 5,521 3,068 2,002 - 5,070Operating profit 522 1,317 - 1,839 405 1,204 - 1,609Non-current assets 11,326 5,262 - 16,588 9,964 5,368 - 15,332Other assets 435 279 55 769 380 248 48 676Investments in joint ventures - 110 - 110 - 107 - 107Total assets 11,761 5,651 55 17,467 10,344 5,723 48 16,115Liabilities 1,125 500 10,334 11,959 862 452 10,385 11,69 9Total liabilities 1,125 500 10,334 11,959 862 452 10,385 11,699Investments in fixed assets (including capitalised interest) 1,734 423 - 2,157 1,026 461 - 1,487Amortisation and depreciation 660 241 - 901 709 258 - 9671 Unallocated assets include cash and financial assets. Unallocated liabilities include deferred taxes, borrowings from financial institutions and other loans, other non-current liabilities and income tax payable.Accounting policiesRevenue comprises the year\u2019s traffic revenue, concession revenue, car parking revenue, rent and sales of services, net of value added tax and price reductions directly related to sales.Traffic revenueTraffic revenue comprises passenger, security, handling, take-off and aircraft parking charges and is recognised at the time of departure of the aircraft to which the services relate. The NOx, CO and night surcharge charges 2are included in take-off charges. Incentives are deducted from traffic revenue in the form of route incentive discounts for previously unserved routes, transfer incentive discounts based on the preceding 12 months of transfer passenger traffic, hub incentive discount schemes for high-frequency feeder routes and a volume incentive discount scheme to maintain passenger growth. Concession revenueConcession revenue comprises sales-related revenue from Copenhagen Airport\u2019s shopping centre, including online sales from Tax Free, which is recognised in line with the revenue generated by the concessionaires. Car parking revenueCar parking revenue primarily comprises revenue from parking sales to passengers, which is recognised when a vehicle exits the car parking facilities. RentRent comprises rent for premises and land and is recognised over the terms of the contracts.Sales of services, etc.Revenue from sales of services, etc. comprises revenue from the hotel operation, energy distribution and other activities, including services for persons with reduced mobility (PRM), which are recognised when the services are provided, and taxi management services (TMS), which are recognised on arrival at the taxi stand. Other services typically include performance obligations, which are recognised either on a straight-line basis over a period or at a particular time when the services are provided.Accounting policiesExternal costs comprise operating and maintenance costs, energy costs, administrative expenses, etc.Accounting policiesStaff costs comprise salaries, wages and pension contributions for CPH staff, including the Executive Manage-ment, fees to the Board of Directors and other staff costs, etc.Regular pension contributions under defined contribution plans are recognised in the income statement for the period in which they arise. For civil servants seconded by the Danish state, CPH recognises a pension contribu-tion in the income statement. The contribution is fixed each year by the Danish state and paid to the state on a regular basis.Accounting policiesDuring 2025, Copenhagen Airports A/S was part of the following joint taxation schemes: 1 January to 8 April 2025 with Kastrup Airports Parent ApS (KAP), and 9 April to 30 September 2025 with ATP Pensionsservice A/S (ATP). In the remaining period from 1 October to 31 December 2025, Copenhagen Airports A/S acted as administration company for the joint taxation scheme with the two subsidiaries, Copenhagen Airports Interna-tional A/S (CAI \u2013 100% ownership) and Copenhagen Airport Hotels A/S (CAH \u2013 53% ownership). Taxes payable under the above joint taxation schemes are settled with the administration companies. For the respective periods where CPH was not acting as administration company (i.e. the periods with KAP and ATP), Copenhagen Airports A/S has a secondary liability for the tax payable relating to CPH and the subsidiaries. For the purposes of the joint taxation period from 1 October to 31 December 2025, taxes payable have been recognised as a liability as described in note 5.3 and settled with the subsidiaries based on their individual taxable income.Accounting policiesAmortisation and depreciation comprise the year\u2019s charges for this purpose on CPH\u2019s intangible assets and property, plant and equipment.Accounting policiesSoftware is measured at cost less accumulated amortisation.Major projects in which software is the principal element are recognised as assets if there is sufficient certainty that the capitalised value of future earnings will cover the related costs.Software costs comprise costs that can be attributed directly or indirectly to the software. Costs also include interest expenses incurred during development of the software.Software projects that are clearly defined and identifiable, where the technical rate of utilisation, adequate resources and potential scope for development in the Group can be demonstrated, and where the intention is to produce and use the project, are recognised as non-current intangible assets, provided there is sufficient assurance that the value in use from future earnings will cover development costs.Amortisation is charged on a straight-line basis commencing when the project is ready for use. The amortisa-tion period is 3-5 years.ImpairmentThe carrying amount of software and software under development is assessed at least annually for any impair-ment indications beyond that expressed in amortisation charges. Where there are such indications, an impair-ment charge is made against the lower of the recoverable amount of the asset and the carrying amount. The recoverable amount of the asset is determined as the higher of the net selling price and the value in use. The recoverable amount of software is assessed together with other assets in the smallest group of assets for which a reliable recoverable amount can be determined in an overall assessment.Accounting policiesProperty, plant and equipment are measured at cost less accumulated depreciation.Cost comprises the cost of acquisition and costs directly related to the acquisition up until the time when the asset is ready for use. In the case of self-constructed assets, cost comprises direct costs attributable to the asset, including salaries and wages, materials, components and work performed by subcontractors. Cost also includes interest expenses during construction.The depreciation base is determined as cost less any residual value. Depreciation is charged on a straight-line basis over the estimated useful lives of the assets and begins when the assets are ready for use.Land is not depreciated.Gains and losses on the sale of non-current assets are recognised under Other income.ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.Useful lives of property, plant and equipmentLand and buildingsLand improvements (sewers, etc.) 40 yearsBuildings (terminals, offices, etc.) 80 -100 yearsBuildings (other) 40 yearsFitting out 5 -10 yearsInvestment properties 100 yearsPlant and machineryFoundations of runways, roads, etc. 80 -100 yearsSurface of new runways, roads, etc. 10 yearsTechnical installations on runways 15 yearsTechnical installations (lifts, etc.) 20 yearsTechnical installations in buildings 25 yearsOther fixtures and fittings, tools and equipmentIT equipment 3-5 yearsEnergy plant 15 yearsVehicles, etc. 4 -15 yearsFurniture and fittings 10 yearsHotel equipment 15 -20 yearsSecurity equipment 10 yearsTechnical equipment 10 yearsOther equipment 5 years3.3 Property, plant and equipment (continued)Accounting policiesSubsidiaries are classified as companies where the Parent Company directly or indirectly controls the majority of the votes or otherwise controls the companies.Companies are classified as joint ventures when CPH has entered into a joint arrangement whereby the parties have joint control of the arrangement.Investments in joint ventures are measured in the consolidated financial statements according to the equity method at the proportionate share of the enterprises.Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.Accounting policiesMortgage loans, loans from financial institutions and other loans are recognised when taken out at the amount received. In subsequent periods, the loans are measured at amortised cost so that the effective interest rate is recognised in the income statement over the term of the loan.Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.Accounting policiesReceivables are measured at amortised cost. Write-downs to offset losses are made in accordance with the simplified expected credit loss model, whereby the total loss is recognised immediately in the income state-ment at the same time as the receivable is recognised in the balance sheet, based on the expected loss over the total life of the receivable.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__34": {
"value": "Basis of preparationThe consolidated financial statements included in this Annual Report have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) and in accordance with IFRS Accounting Standards as adopted by the European Union and further requirements in the Danish Financial Statements Act.The financial statements of the Parent Company, Copenhagen Airports A/S, have been prepared in accordance with the Danish Financial Statements Act (reporting class D).The Annual Report is presented in Danish kroner (DKK), which is the Parent Company\u2019s functional currency, rounded to the nearest DKK 1 million. The Annual Report is prepared using the historical cost principle.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__32": {
"value": "The consolidated financial statements included in this Annual Report have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) and in accordance with IFRS Accounting Standards as adopted by the European Union and further requirements in the Danish Financial Statements Act.",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__33": {
"value": "Copenhagen Airports A/S",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__35": {
"value": "Basis of consolidation The consolidated financial statements include the Parent Company, Copenhagen Airports A/S, and all subsid-iaries over which the Parent Company exercises control. Companies where the Parent Company controls 50% or less of the votes and does not have control but exercises significant influence are considered joint ventures.CPH\u2019s Annual Report is prepared on the basis of the financial statements of the Parent Company and the subsidiaries. The financial statements used in the consolidation are prepared in accordance with CPH\u2019s accounting policies.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__37": {
"value": "Foreign currency translation CPH\u2019s functional currency is DKK, which is used as the measurement and presentation currency in the prepara-tion of the Annual Report. On initial recognition, foreign currency transactions are translated into the functional currency at the exchange rate at the transaction dates. Monetary items denominated in a foreign currency are translated at the exchange rate at the reporting date. Foreign currency translation differences between the exchange rates at the trans-action date and the date of payment are recognised in the income statement as Financial income or Financial expenses.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__36": {
"value": "Foreign currency translation CPH\u2019s functional currency is DKK, which is used as the measurement and presentation currency in the prepara-tion of the Annual Report. On initial recognition, foreign currency transactions are translated into the functional currency at the exchange rate at the transaction dates. Monetary items denominated in a foreign currency are translated at the exchange rate at the reporting date. Foreign currency translation differences between the exchange rates at the trans-action date and the date of payment are recognised in the income statement as Financial income or Financial expenses.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__38": {
"value": "Statement of comprehensive incomeCPH presents comprehensive income in two statements: an income statement and a statement of compre-hensive income, showing the results of operations for the year and income included in other comprehensive income. Other comprehensive income comprises hedging transactions. Tax related to other comprehensive income for the individual items is disclosed in the relevant notes.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__39": {
"value": "EquityDividendsDividends expected to be declared in respect of the year are stated under equity. Dividends are recognised as a liability at the time of adoption by the shareholders at the Annual General Meeting.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__40": {
"value": "Cash flow statement The cash flow statement presents CPH\u2019s cash flows for the year distributed between operating, investing and financing activities as well as the net changes in cash for the year and CPH\u2019s cash at the beginning and end of the year. Cash includes cash and balances on account available at no or short notice. The cash flow from operating activities comprises payments from customers less payments to employees, suppliers, etc., adjusted for financial items paid/received and income taxes paid. The cash flow from investing activities comprises cash flows from the purchase and sale of intangible assets, property, plant and equipment, and investments. The cash flow from financing activities comprises cash flows from the raising and repayment of long-term and",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__41-1": {
"value": "Significant accounting estimates and judgementsIn preparing the consolidated financial statements, management makes various accounting judgements and estimates that form the basis of the presentation, recognition and measurement of CPH\u2019s assets and liabilities.By nature, these judgements and estimates involve a degree of uncertainty, hence actual results may deviate from the assessments made at the reporting date. Judgements and estimates are continuously evaluated, and the effects of any changes are recognised in the relevant period. The primary financial statement item for which significant accounting judgements and estimates are applied relates to the useful lives of property, plant and equipment and their residual values (accounting estimate). Estimates and underlying assumptions are based on historical data and factors that management considers relevant under the given circumstances. These assumptions may have to be revised, and unexpected events or circumstances may occur. The carrying amounts of these items are disclosed in note 3.3.There are no changes to the estimates made by CPH in determining the carrying amounts compared to 2024. Changes in accounting policies and disclosuresSignificant estimates Property, plant and equipmentProperty, plant and equipment are depreciated to the estimated residual value over their expected useful lives, which CPH has estimated above. These estimates are based on CPH\u2019s business plans, the expected useful lives of the assets, the technical and maintenance state of the assets, and regulatory requirements. The residual value was estimated at DKK 595 million (2024: DKK 595 million) at the balance sheet date. The useful lives and residual values of property, plant and equipment are reviewed at least at every year-end based on these factors. CPH evaluates the carrying amounts in order to assess whether events have occurred that require an adjustment of these amounts because they are not expected to be recoverable.Investment propertiesInvestment properties owned by the Group are carried at cost less accumulated depreciation. The carrying amount of the investment properties totalled DKK 1,247 million at 31 December 2025 (2024: DKK 1,267 million). Of the carrying amount, DKK 1,234 million (2024: DKK 1,254 million) related to hotel properties, owned by the subsidiary Copenhagen Airport Hotels A/S (53% ownership share).The corresponding fair value (Level 3) of the investment properties at 31 December 2025 amounted to DKK 2,548 million (2024: DKK 2,403 million). The fair value of the investment properties was determined based on a discounted cash flow calculation on minimum lease payments agreed with the hotel operator with a weighted average discount rate of 7.0% (2024: 7.0%).ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__42": {
"value": "New IFRS Accounting Standards and amendments not yet effective or adopted by the EUNew IFRS Accounting Standards and amendments effective 1 January 2025 have been considered in the prepa-ration of these financial statements. Management assessed the impact, and found that there was no material impact on the statements or notes presented in the consolidated financial statements. CPH generally does not adopt new or amended IFRS Accounting Standards until they become effective and have been endorsed by the EU, and has not done so in preparing these consolidated financial statements. Management does not anticipate any material impact on the consolidated financial statements from the adop-tion of the new accounting standards and interpretations, with the exception of IFRS 18, which replaces IAS 1 effective from 1 January 2027. IFRS 18 \u2013 Presentation and DisclosureManagement is currently assessing the impact of adopting IFRS 18, which will primarily change the presenta-tion of the Group\u2019s income statement. Changes include the introduction of mandatory subtotals and reclassifi-cation of financial income and expenses into new subcategories in the financial statements, as well as refined requirements for the grouping of information and the disclosure of items currently labelled \"other\". Furthermore, the Group is evaluating the additional disclosure requirements for Management-defined Perfor-mance Measures (MPMs). While these changes will alter the structure of the primary statements and related notes, the implementation of IFRS 18 is not expected to impact the Group\u2019s reported net profit or equity.AeronauticalThis business area comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. Revenue in the aeronautical business area comprises passenger, security, handling, take-off and aircraft parking charges. Non-aeronauticalThis business area comprises the other facilities and services provided at the airports for passengers and others, including car parking facilities, shops, restaurants, lounges and the hotels. The vast majority of the facilities and services are operated by concessionaires. This business area also includes the leasing of CPH\u2019s buildings, premises and land to non-Group lessees. Revenue in the non-aeronautical business area comprises concession revenue; rent from buildings, premises and land; revenue from car parking; the hotel oper ation; energy distri-bution; services for persons with reduced mobility (PRM); taxi management services (TMS); sale of consulting services concerning airport operation; and other services.Revenue related to CPH\u2019s largest customer amounted to DKK 1,243 million in 2025 (2024: DKK 992 million), repre-senting 23% of revenue (2024: 20%). Revenue related to the second-largest customer amounted to DKK 558 million in 2025 (2024: DKK 531 million), representing 10% of revenue (2024: 10%). The revenue from the largest and second-largest customers related to both the aeronautical and non-aeronautical business areas.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__44": {
"value": "2.1 Information on business areas\u00a7 Accounting policiesThe accounting policies for recognition and measurement of business areas are the same for the income state-ment and the balance sheet. CPH does not have operating segments in accordance with IFRS 8. The operating results for the business areas comprise directly attributable revenue less related operating costs. Operating costs comprise external costs, staff costs, amortisation and depreciation. Business area assets comprise non-current assets used directly in the operating activities of each business area and current assets directly attributable to the operating activities of each business area, including trade receiv-ables, other receivables, prepayments and deferred income. Jointly used properties are allocated to the busi-ness areas based on an overall estimate of the amount of space used. Business area liabilities comprise liabilities that have arisen out of the business area\u2019s operations, including prepayments received from customers, trade payables and other payables.Business areasCPH has two business areas: aeronautical and non-aeronautical.The business area classification follows the legal and organisational classification of the Group\u2019s activities. The aeronautical business area comprises the regulated part of Copenhagen Airports (traffic charges), and the non-aeronautical business area comprises all other activities. This classification is appropriate, as the aero-nautical business area reporting also constitutes the reporting of regulatory activities under BL 9-15 (traffic charges). BL 9-15 is described in note 5.5.2.1 Information on business areas (continued)2025 2024Non- Non- 1Total Aeronauticalaeronautical UnallocatedDKKm Aeronauticalaeronautical UnallocatedTotalRevenue 3,361 2,160 - 5,521 3,068 2,002 - 5,070Operating profit 522 1,317 - 1,839 405 1,204 - 1,609Non-current assets 11,326 5,262 - 16,588 9,964 5,368 - 15,332Other assets 435 279 55 769 380 248 48 676Investments in joint ventures - 110 - 110 - 107 - 107Total assets 11,761 5,651 55 17,467 10,344 5,723 48 16,115Liabilities 1,125 500 10,334 11,959 862 452 10,385 11,69 9Total liabilities 1,125 500 10,334 11,959 862 452 10,385 11,699Investments in fixed assets (including capitalised interest) 1,734 423 - 2,157 1,026 461 - 1,487Amortisation and depreciation 660 241 - 901 709 258 - 9671 Unallocated assets include cash and financial assets. Unallocated liabilities include deferred taxes, borrowings from financial institutions and other loans, other non-current liabilities and income tax payable.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__46": {
"value": "Accounting policiesThe accounting policies for recognition and measurement of business areas are the same for the income state-ment and the balance sheet. CPH does not have operating segments in accordance with IFRS 8. The operating results for the business areas comprise directly attributable revenue less related operating costs. Operating costs comprise external costs, staff costs, amortisation and depreciation. Business area assets comprise non-current assets used directly in the operating activities of each business area and current assets directly attributable to the operating activities of each business area, including trade receiv-ables, other receivables, prepayments and deferred income. Jointly used properties are allocated to the busi-ness areas based on an overall estimate of the amount of space used. Business area liabilities comprise liabilities that have arisen out of the business area\u2019s operations, including prepayments received from customers, trade payables and other payables.Business areasCPH has two business areas: aeronautical and non-aeronautical.The business area classification follows the legal and organisational classification of the Group\u2019s activities. The aeronautical business area comprises the regulated part of Copenhagen Airports (traffic charges), and the non-aeronautical business area comprises all other activities. This classification is appropriate, as the aero-nautical business area reporting also constitutes the reporting of regulatory activities under BL 9-15 (traffic charges). BL 9-15 is described in note 5.5.2.1 Information on business areas (continued)2025 2024Non- Non- 1Total Aeronauticalaeronautical UnallocatedDKKm Aeronauticalaeronautical UnallocatedTotalRevenue 3,361 2,160 - 5,521 3,068 2,002 - 5,070Operating profit 522 1,317 - 1,839 405 1,204 - 1,609Non-current assets 11,326 5,262 - 16,588 9,964 5,368 - 15,332Other assets 435 279 55 769 380 248 48 676Investments in joint ventures - 110 - 110 - 107 - 107Total assets 11,761 5,651 55 17,467 10,344 5,723 48 16,115Liabilities 1,125 500 10,334 11,959 862 452 10,385 11,69 9Total liabilities 1,125 500 10,334 11,959 862 452 10,385 11,699Investments in fixed assets (including capitalised interest) 1,734 423 - 2,157 1,026 461 - 1,487Amortisation and depreciation 660 241 - 901 709 258 - 9671 Unallocated assets include cash and financial assets. Unallocated liabilities include deferred taxes, borrowings from financial institutions and other loans, other non-current liabilities and income tax payable.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__45": {
"value": "CPH has two business areas: aeronautical and non-aeronautical",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__48-1": {
"value": "2025 2024Non- Non- 1Total Aeronauticalaeronautical UnallocatedDKKm Aeronauticalaeronautical UnallocatedTotalRevenue 3,361 2,160 - 5,521 3,068 2,002 - 5,070Operating profit 522 1,317 - 1,839 405 1,204 - 1,609Non-current assets 11,326 5,262 - 16,588 9,964 5,368 - 15,332Other assets 435 279 55 769 380 248 48 676Investments in joint ventures - 110 - 110 - 107 - 107Total assets 11,761 5,651 55 17,467 10,344 5,723 48 16,115Liabilities 1,125 500 10,334 11,959 862 452 10,385 11,69 9Total liabilities 1,125 500 10,334 11,959 862 452 10,385 11,699Investments in fixed assets (including capitalised interest) 1,734 423 - 2,157 1,026 461 - 1,487Amortisation and depreciation 660 241 - 901 709 258 - 9671 Unallocated assets include cash and financial assets. Unallocated liabilities include deferred taxes, borrowings from financial institutions and other loans, other non-current liabilities and income tax payable.2.2 Revenue\u00a7 Accounting policiesRevenue comprises the year\u2019s traffic revenue, concession revenue, car parking revenue, rent and sales of services, net of value added tax and price reductions directly related to sales.Traffic revenueTraffic revenue comprises passenger, security, handling, take-off and aircraft parking charges and is recognised at the time of departure of the aircraft to which the services relate. The NOx, CO and night surcharge charges 2are included in take-off charges. Incentives are deducted from traffic revenue in the form of route incentive discounts for previously unserved routes, transfer incentive discounts based on the preceding 12 months of transfer passenger traffic, hub incentive discount schemes for high-frequency feeder routes and a volume incentive discount scheme to maintain passenger growth. Concession revenueConcession revenue comprises sales-related revenue from Copenhagen Airport\u2019s shopping centre, including online sales from Tax Free, which is recognised in line with the revenue generated by the concessionaires. Car parking revenueCar parking revenue primarily comprises revenue from parking sales to passengers, which is recognised when a vehicle exits the car parking facilities. RentRent comprises rent for premises and land and is recognised over the terms of the contracts.Sales of services, etc.Revenue from sales of services, etc. comprises revenue from the hotel operation, energy distribution and other activities, including services for persons with reduced mobility (PRM), which are recognised when the services are provided, and taxi management services (TMS), which are recognised on arrival at the taxi stand. Other services typically include performance obligations, which are recognised either on a straight-line basis over a period or at a particular time when the services are provided.DKKm 2025 2024Traffic revenuePassenger charges 1,558 1,431Security charges 876 796Handling charges 326 292Take-off charges 551 500Aircraft parking and other traffic-related revenue 50 49Total traffic revenue 3,361 3,068Concession revenueShopping centre 910 857Other concession revenue 84 81Total concession revenue 994 938Total car parking revenue 458 419RentRent from premises 146 144Rent from land 58 57Other rent 7 12Total rent 211 213Sales of services, etc.Hotel operation 127 118Other sales of services, etc. 370 314Total sales of services, etc. 497 432Total revenue 5,521 5,070Composition of revenue by business areas2025 2024Aeronautical Non-aeronautical Aeronautical Non-aeronauticalCar Sales of Car Sales of Traffic Concession parking services, Traffic Concession parking services, 1111111revenueRentetc.TotalrevenuerevenuerevenueRentetc.DKKmrevenuerevenueTotalTotal 3,361 994 458 211 497 5,521 3,068 938 419 213 432 5,070Time of recognition - At a certain time 3,361 - 421 - - 3,782 3,068 - 385 - - 3,453 - Over time - 994 37 211 497 1,739 - 938 34 213 432 1,617Total 3,361 994 458 211 497 5,521 3,068 938 419 213 432 5,070Type of contract - Fixed-price 3,361 32 458 209 370 4,430 3,068 35 419 211 314 4,047 - Variable - 962 - 2 127 1,091 - 903 - 2 118 1,023Total 3,361 994 458 211 497 5,521 3,068 938 419 213 432 5,0701 Concession revenue, rent, car parking revenue that does not depend on passenger-related variables and hotel operation included in Sales of services are recognised in accordance with IFRS 16 Leases.There was no financing element, as payment terms are cash payment on delivery or 14 days\u2019 credit.DKKm 2025 2024Maturity analysis of concessions, rent and hotel operation (IFRS 16)Within 1 year 433 410Between 1 and 2 years 418 401Between 2 and 3 years 417 383Between 3 and 4 years 414 387Between 4 and 5 years 414 381After 5 years 2,801 2,916Total 4,897 4,878Concession revenue depending on passenger-related variables is not included in the maturity analysis.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__47-1": {
"value": "2025 2024Non- Non- 1Total Aeronauticalaeronautical UnallocatedDKKm Aeronauticalaeronautical UnallocatedTotalRevenue 3,361 2,160 - 5,521 3,068 2,002 - 5,070Operating profit 522 1,317 - 1,839 405 1,204 - 1,609Non-current assets 11,326 5,262 - 16,588 9,964 5,368 - 15,332Other assets 435 279 55 769 380 248 48 676Investments in joint ventures - 110 - 110 - 107 - 107Total assets 11,761 5,651 55 17,467 10,344 5,723 48 16,115Liabilities 1,125 500 10,334 11,959 862 452 10,385 11,69 9Total liabilities 1,125 500 10,334 11,959 862 452 10,385 11,699Investments in fixed assets (including capitalised interest) 1,734 423 - 2,157 1,026 461 - 1,487Amortisation and depreciation 660 241 - 901 709 258 - 9671 Unallocated assets include cash and financial assets. Unallocated liabilities include deferred taxes, borrowings from financial institutions and other loans, other non-current liabilities and income tax payable.2.2 Revenue\u00a7 Accounting policiesRevenue comprises the year\u2019s traffic revenue, concession revenue, car parking revenue, rent and sales of services, net of value added tax and price reductions directly related to sales.Traffic revenueTraffic revenue comprises passenger, security, handling, take-off and aircraft parking charges and is recognised at the time of departure of the aircraft to which the services relate. The NOx, CO and night surcharge charges 2are included in take-off charges. Incentives are deducted from traffic revenue in the form of route incentive discounts for previously unserved routes, transfer incentive discounts based on the preceding 12 months of transfer passenger traffic, hub incentive discount schemes for high-frequency feeder routes and a volume incentive discount scheme to maintain passenger growth. Concession revenueConcession revenue comprises sales-related revenue from Copenhagen Airport\u2019s shopping centre, including online sales from Tax Free, which is recognised in line with the revenue generated by the concessionaires. Car parking revenueCar parking revenue primarily comprises revenue from parking sales to passengers, which is recognised when a vehicle exits the car parking facilities. RentRent comprises rent for premises and land and is recognised over the terms of the contracts.Sales of services, etc.Revenue from sales of services, etc. comprises revenue from the hotel operation, energy distribution and other activities, including services for persons with reduced mobility (PRM), which are recognised when the services are provided, and taxi management services (TMS), which are recognised on arrival at the taxi stand. Other services typically include performance obligations, which are recognised either on a straight-line basis over a period or at a particular time when the services are provided.DKKm 2025 2024Traffic revenuePassenger charges 1,558 1,431Security charges 876 796Handling charges 326 292Take-off charges 551 500Aircraft parking and other traffic-related revenue 50 49Total traffic revenue 3,361 3,068Concession revenueShopping centre 910 857Other concession revenue 84 81Total concession revenue 994 938Total car parking revenue 458 419RentRent from premises 146 144Rent from land 58 57Other rent 7 12Total rent 211 213Sales of services, etc.Hotel operation 127 118Other sales of services, etc. 370 314Total sales of services, etc. 497 432Total revenue 5,521 5,070Composition of revenue by business areas2025 2024Aeronautical Non-aeronautical Aeronautical Non-aeronauticalCar Sales of Car Sales of Traffic Concession parking services, Traffic Concession parking services, 1111111revenueRentetc.TotalrevenuerevenuerevenueRentetc.DKKmrevenuerevenueTotalTotal 3,361 994 458 211 497 5,521 3,068 938 419 213 432 5,070Time of recognition - At a certain time 3,361 - 421 - - 3,782 3,068 - 385 - - 3,453 - Over time - 994 37 211 497 1,739 - 938 34 213 432 1,617Total 3,361 994 458 211 497 5,521 3,068 938 419 213 432 5,070Type of contract - Fixed-price 3,361 32 458 209 370 4,430 3,068 35 419 211 314 4,047 - Variable - 962 - 2 127 1,091 - 903 - 2 118 1,023Total 3,361 994 458 211 497 5,521 3,068 938 419 213 432 5,0701 Concession revenue, rent, car parking revenue that does not depend on passenger-related variables and hotel operation included in Sales of services are recognised in accordance with IFRS 16 Leases.There was no financing element, as payment terms are cash payment on delivery or 14 days\u2019 credit.DKKm 2025 2024Maturity analysis of concessions, rent and hotel operation (IFRS 16)Within 1 year 433 410Between 1 and 2 years 418 401Between 2 and 3 years 417 383Between 3 and 4 years 414 387Between 4 and 5 years 414 381After 5 years 2,801 2,916Total 4,897 4,878Concession revenue depending on passenger-related variables is not included in the maturity analysis.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__51": {
"value": "Accounting policiesRevenue comprises the year\u2019s traffic revenue, concession revenue, car parking revenue, rent and sales of services, net of value added tax and price reductions directly related to sales.Traffic revenueTraffic revenue comprises passenger, security, handling, take-off and aircraft parking charges and is recognised at the time of departure of the aircraft to which the services relate. The NOx, CO and night surcharge charges 2are included in take-off charges. Incentives are deducted from traffic revenue in the form of route incentive discounts for previously unserved routes, transfer incentive discounts based on the preceding 12 months of transfer passenger traffic, hub incentive discount schemes for high-frequency feeder routes and a volume incentive discount scheme to maintain passenger growth. Concession revenueConcession revenue comprises sales-related revenue from Copenhagen Airport\u2019s shopping centre, including online sales from Tax Free, which is recognised in line with the revenue generated by the concessionaires. Car parking revenueCar parking revenue primarily comprises revenue from parking sales to passengers, which is recognised when a vehicle exits the car parking facilities. RentRent comprises rent for premises and land and is recognised over the terms of the contracts.Sales of services, etc.Revenue from sales of services, etc. comprises revenue from the hotel operation, energy distribution and other activities, including services for persons with reduced mobility (PRM), which are recognised when the services are provided, and taxi management services (TMS), which are recognised on arrival at the taxi stand. Other services typically include performance obligations, which are recognised either on a straight-line basis over a period or at a particular time when the services are provided.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__52": {
"value": "DKKm 2025 2024Maturity analysis of concessions, rent and hotel operation (IFRS 16)Within 1 year 433 410Between 1 and 2 years 418 401Between 2 and 3 years 417 383Between 3 and 4 years 414 387Between 4 and 5 years 414 381After 5 years 2,801 2,916Total 4,897 4,878Concession revenue depending on passenger-related variables is not included in the maturity analysis.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__54": {
"value": "2.3 External costs\u00a7 Accounting policiesExternal costs comprise operating and maintenance costs, energy costs, administrative expenses, etc.DKKm 2025 2024Operating and maintenance costs 573 531Energy costs 150 118Administrative expenses 55 41Other 29 28Total external costs 807 718Total external costs increased by DKK 89 million compared to 2024, primarily attributable to higher operating and maintenance costs and increased energy costs. This was mainly driven by higher activity levels, significantly higher electricity prices and consumption as well as increased digitalisation.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__53": {
"value": "2.3 External costs\u00a7 Accounting policiesExternal costs comprise operating and maintenance costs, energy costs, administrative expenses, etc.DKKm 2025 2024Operating and maintenance costs 573 531Energy costs 150 118Administrative expenses 55 41Other 29 28Total external costs 807 718Total external costs increased by DKK 89 million compared to 2024, primarily attributable to higher operating and maintenance costs and increased energy costs. This was mainly driven by higher activity levels, significantly higher electricity prices and consumption as well as increased digitalisation.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__55": {
"value": "Accounting policiesExternal costs comprise operating and maintenance costs, energy costs, administrative expenses, etc.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__56": {
"value": "2.4 Staff costs\u00a7 Accounting policiesStaff costs comprise salaries, wages and pension contributions for CPH staff, including the Executive Manage-ment, fees to the Board of Directors and other staff costs, etc.Regular pension contributions under defined contribution plans are recognised in the income statement for the period in which they arise. For civil servants seconded by the Danish state, CPH recognises a pension contribu-tion in the income statement. The contribution is fixed each year by the Danish state and paid to the state on a regular basis.DKKm 2025 2024Salaries and wages 1,856 1,659Pension contributions 205 172Other social security costs 14 12Other staff costs 83 59Staff costs before capitalisation 2,158 1,902Capitalised costs 181 124Total staff costs 1,977 1,778Total staff costs increased by DKK 199 million compared to 2024. The increase was primarily due to an increase of 245 FTEs as a result of the higher activity level.2.4 Staff costs (continued)Number 2025 2024People employed by CPHYear-end number of full-time employees 2,899 2,671Average number of full-time employees 2,822 2,577DKKm1Total remuneration of the Executive Management18.8 18.6- of which long-term incentive plan 2.6 2.6- of which short-term incentive plan 5.5 5.7- of which pension contributions 1.3 1.21Total emoluments to the Board of Directors 4.1 3.31 For further details, see the Remuneration Report available at www.cph.dk/en/about-cph/investor/remuneration.Remuneration of the Board of Directors and the Executive Management in 2025 was paid in accordance with the \u201cGeneral guidelines for remuneration of the Board of Directors and the Executive Management of Copenhagen Airports A/S\u201d. Key management comprises the Executive Management.CPH makes annual pension contributions to the Danish state for employees who, under their employment contracts, are entitled to a state pension (civil servants). In both 2024 and 2025, CPH employed six civil servants. For both years, total pension contributions amounted to less than DKK 0.5 million.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__58": {
"value": "Accounting policiesStaff costs comprise salaries, wages and pension contributions for CPH staff, including the Executive Manage-ment, fees to the Board of Directors and other staff costs, etc.Regular pension contributions under defined contribution plans are recognised in the income statement for the period in which they arise. For civil servants seconded by the Danish state, CPH recognises a pension contribu-tion in the income statement. The contribution is fixed each year by the Danish state and paid to the state on a regular basis.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__57-1": {
"value": "Accounting policiesStaff costs comprise salaries, wages and pension contributions for CPH staff, including the Executive Manage-ment, fees to the Board of Directors and other staff costs, etc.Regular pension contributions under defined contribution plans are recognised in the income statement for the period in which they arise. For civil servants seconded by the Danish state, CPH recognises a pension contribu-tion in the income statement. The contribution is fixed each year by the Danish state and paid to the state on a regular basis.Staff costs (continued)Number 2025 2024People employed by CPHYear-end number of full-time employees 2,899 2,671Average number of full-time employees 2,822 2,577DKKm1Total remuneration of the Executive Management18.8 18.6- of which long-term incentive plan 2.6 2.6- of which short-term incentive plan 5.5 5.7- of which pension contributions 1.3 1.21Total emoluments to the Board of Directors 4.1 3.31 For further details, see the Remuneration Report available at www.cph.dk/en/about-cph/investor/remuneration.Remuneration of the Board of Directors and the Executive Management in 2025 was paid in accordance with the \u201cGeneral guidelines for remuneration of the Board of Directors and the Executive Management of Copenhagen Airports A/S\u201d. Key management comprises the Executive Management.CPH makes annual pension contributions to the Danish state for employees who, under their employment contracts, are entitled to a state pension (civil servants). In both 2024 and 2025, CPH employed six civil servants. For both years, total pension contributions amounted to less than DKK 0.5 million.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__59": {
"value": "Number 2025 2024People employed by CPHYear-end number of full-time employees 2,899 2,671Average number of full-time employees 2,822 2,577DKKm1Total remuneration of the Executive Management18.8 18.6- of which long-term incentive plan 2.6 2.6- of which short-term incentive plan 5.5 5.7- of which pension contributions 1.3 1.21Total emoluments to the Board of Directors 4.1 3.31",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__62-1": {
"value": "Remuneration of the Board of Directors and the Executive Management in 2025 was paid in accordance with the \u201cGeneral guidelines for remuneration of the Board of Directors and the Executive Management of Copenhagen Airports A/S\u201d. Key management comprises the Executive Management.CPH makes annual pension contributions to the Danish state for employees who, under their employment contracts, are entitled to a state pension (civil servants). In both 2024 and 2025, CPH employed six civil servants. For both years, total pension contributions amounted to less than DKK 0.5 million.5.4 Related partiesFollowing the ownership transactions between Ontario Teachers' Pension Plan (OTPP), the Danish Labour Market Supplementary Pension (ATP) and the Danish state, the Danish state now owns 99.6% of the shares and voting rights in CPH.CPH\u2019s related parties are the Danish state, given its controlling ownership interest in CPH; the Board of Directors and the Executive Management; and joint ventures (see note 3.4). See also note 2.4 regarding remuneration of the Board of Directors and the Executive Management.Transactions with joint ventures during the year were as follows:DKKm 2025 2024Sales of services 3 1Consultancy and licence fees 37 34Interest income 1 1Other receivables 8 24",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__63": {
"value": "2.5 Tax\u00a7 Accounting policiesDuring 2025, Copenhagen Airports A/S was part of the following joint taxation schemes: 1 January to 8 April 2025 with Kastrup Airports Parent ApS (KAP), and 9 April to 30 September 2025 with ATP Pensionsservice A/S (ATP). In the remaining period from 1 October to 31 December 2025, Copenhagen Airports A/S acted as administration company for the joint taxation scheme with the two subsidiaries, Copenhagen Airports Interna-tional A/S (CAI \u2013 100% ownership) and Copenhagen Airport Hotels A/S (CAH \u2013 53% ownership). Taxes payable under the above joint taxation schemes are settled with the administration companies. For the respective periods where CPH was not acting as administration company (i.e. the periods with KAP and ATP), Copenhagen Airports A/S has a secondary liability for the tax payable relating to CPH and the subsidiaries. For the purposes of the joint taxation period from 1 October to 31 December 2025, taxes payable have been recognised as a liability as described in note 5.3 and settled with the subsidiaries based on their individual taxable income.DKKm 2025 2024Tax expenseCurrent income tax 397 290Current tax adjustments recognised for previous years (5) 5Change in deferred tax (12) 8Deferred tax adjustments recognised for previous years 2 (4)Total 382 299Tax is allocated as follows:Tax on profit for the year 356 299Tax on other comprehensive income related to hedging instruments 26 -Total 382 299Breakdown of tax on profit for the year:Tax calculated at 22.0% of profit before tax 357 293Current tax adjustments recognised for previous years (5) 5Tax base of non-deductible/taxable income/expenses 4 1Tax on other comprehensive income related to hedging instruments 26 -Total 382 299DKKm 2025 2024Liabilities for deferred taxBalance at 1 January 950 857Deferred tax adjustments recognised for previous years 5 (3)Change in deferred tax 44 96Balance at 31 December 999 950Breakdown of deferred tax provisions:Property, plant and equipment 1,017 1,030Other receivables (7) (7)Other payables (8) (17)Deferred tax on equity instruments (3) 3Tax loss carried forward - (59)Total 999 950Tax on profit for the year was DKK 382 million, resulting in an effective tax rate of 23.5% (2024: 22.3%). The tax rate was affected by permanent differences in 2024 and 2025 and the taxation of gains on hedging instruments transferred via other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__64": {
"value": "Accounting policiesDuring 2025, Copenhagen Airports A/S was part of the following joint taxation schemes: 1 January to 8 April 2025 with Kastrup Airports Parent ApS (KAP), and 9 April to 30 September 2025 with ATP Pensionsservice A/S (ATP). In the remaining period from 1 October to 31 December 2025, Copenhagen Airports A/S acted as administration company for the joint taxation scheme with the two subsidiaries, Copenhagen Airports Interna-tional A/S (CAI \u2013 100% ownership) and Copenhagen Airport Hotels A/S (CAH \u2013 53% ownership). Taxes payable under the above joint taxation schemes are settled with the administration companies. For the respective periods where CPH was not acting as administration company (i.e. the periods with KAP and ATP), Copenhagen Airports A/S has a secondary liability for the tax payable relating to CPH and the subsidiaries. For the purposes of the joint taxation period from 1 October to 31 December 2025, taxes payable have been recognised as a liability as described in note 5.3 and settled with the subsidiaries based on their individual taxable income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__65": {
"value": "Kastrup Airports Parent ApS (KAP)",
"dimensions": {
"concept": "ifrs-full:NameOfUltimateParentOfGroup",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__66": {
"value": "DKKm 2025 2024Liabilities for deferred taxBalance at 1 January 950 857Deferred tax adjustments recognised for previous years 5 (3)Change in deferred tax 44 96Balance at 31 December 999 950Breakdown of deferred tax provisions:Property, plant and equipment 1,017 1,030Other receivables (7) (7)Other payables (8) (17)Deferred tax on equity instruments (3) 3Tax loss carried forward - (59)Total 999 950",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__67": {
"value": "Tax on profit for the year was DKK 382 million, resulting in an effective tax rate of 23.5% (2024: 22.3%). The tax rate was affected by permanent differences in 2024 and 2025 and the taxation of gains on hedging instruments transferred via other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__70": {
"value": "3.2 Intangible assets\u00a7 Accounting policiesSoftware is measured at cost less accumulated amortisation.Major projects in which software is the principal element are recognised as assets if there is sufficient certainty that the capitalised value of future earnings will cover the related costs.Software costs comprise costs that can be attributed directly or indirectly to the software. Costs also include interest expenses incurred during development of the software.Software projects that are clearly defined and identifiable, where the technical rate of utilisation, adequate resources and potential scope for development in the Group can be demonstrated, and where the intention is to produce and use the project, are recognised as non-current intangible assets, provided there is sufficient assurance that the value in use from future earnings will cover development costs.Amortisation is charged on a straight-line basis commencing when the project is ready for use. The amortisa-tion period is 3-5 years.ImpairmentThe carrying amount of software and software under development is assessed at least annually for any impair-ment indications beyond that expressed in amortisation charges. Where there are such indications, an impair-ment charge is made against the lower of the recoverable amount of the asset and the carrying amount. The recoverable amount of the asset is determined as the higher of the net selling price and the value in use. The recoverable amount of software is assessed together with other assets in the smallest group of assets for which a reliable recoverable amount can be determined in an overall assessment.2025 2024Software under Software under DKKm Softwaredevelopment Total Softwaredevelopment TotalCostAccumulated cost at 1 January 583 165 748 524 148 672Adjustments for previous years - - - (2) - (2)Additions - 153 153 - 73 73Disposals (1) - (1) 5 - 5Transferred 88 (88) - 56 (56) -Accumulated cost at 31 December 670 230 900 583 165 748AmortisationAccumulated amortisation at 1 January 472 - 472 410 - 410Adjustments for previous years - - - (1) - (1)Amortisation 54 - 54 58 - 58Amortisation on disposals (1) - (1) 5 - 5Accumulated amortisation at 31 December 525 - 525 472 - 472Carrying amount at 31 December 145 230 375 111 165 276Of which intangible assets for operational leasing 21 - 21 14 - 14Major investments in 2025 included general renewal of existing IT systems.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__73": {
"value": "Accounting policiesSoftware is measured at cost less accumulated amortisation.Major projects in which software is the principal element are recognised as assets if there is sufficient certainty that the capitalised value of future earnings will cover the related costs.Software costs comprise costs that can be attributed directly or indirectly to the software. Costs also include interest expenses incurred during development of the software.Software projects that are clearly defined and identifiable, where the technical rate of utilisation, adequate resources and potential scope for development in the Group can be demonstrated, and where the intention is to produce and use the project, are recognised as non-current intangible assets, provided there is sufficient assurance that the value in use from future earnings will cover development costs.Amortisation is charged on a straight-line basis commencing when the project is ready for use. The amortisa-tion period is 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__72-1": {
"value": "Accounting policiesSoftware is measured at cost less accumulated amortisation.Major projects in which software is the principal element are recognised as assets if there is sufficient certainty that the capitalised value of future earnings will cover the related costs.Software costs comprise costs that can be attributed directly or indirectly to the software. Costs also include interest expenses incurred during development of the software.Software projects that are clearly defined and identifiable, where the technical rate of utilisation, adequate resources and potential scope for development in the Group can be demonstrated, and where the intention is to produce and use the project, are recognised as non-current intangible assets, provided there is sufficient assurance that the value in use from future earnings will cover development costs.Amortisation is charged on a straight-line basis commencing when the project is ready for use. The amortisa-tion period is 3-5 years.ImpairmentThe carrying amount of software and software under development is assessed at least annually for any impair-ment indications beyond that expressed in amortisation charges. Where there are such indications, an impair-ment charge is made against the lower of the recoverable amount of the asset and the carrying amount. The recoverable amount of the asset is determined as the higher of the net selling price and the value in use. The recoverable amount of software is assessed together with other assets in the smallest group of assets for which a reliable recoverable amount can be determined in an overall assessment.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__71": {
"value": "Accounting policiesSoftware is measured at cost less accumulated amortisation.Major projects in which software is the principal element are recognised as assets if there is sufficient certainty that the capitalised value of future earnings will cover the related costs.Software costs comprise costs that can be attributed directly or indirectly to the software. Costs also include interest expenses incurred during development of the software.Software projects that are clearly defined and identifiable, where the technical rate of utilisation, adequate resources and potential scope for development in the Group can be demonstrated, and where the intention is to produce and use the project, are recognised as non-current intangible assets, provided there is sufficient assurance that the value in use from future earnings will cover development costs.Amortisation is charged on a straight-line basis commencing when the project is ready for use. The amortisa-tion period is 3-5 years.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__77": {
"value": "ImpairmentThe carrying amount of software and software under development is assessed at least annually for any impair-ment indications beyond that expressed in amortisation charges. Where there are such indications, an impair-ment charge is made against the lower of the recoverable amount of the asset and the carrying amount. The recoverable amount of the asset is determined as the higher of the net selling price and the value in use. The recoverable amount of software is assessed together with other assets in the smallest group of assets for which a reliable recoverable amount can be determined in an overall assessment.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__76": {
"value": "ImpairmentThe carrying amount of software and software under development is assessed at least annually for any impair-ment indications beyond that expressed in amortisation charges. Where there are such indications, an impair-ment charge is made against the lower of the recoverable amount of the asset and the carrying amount. The recoverable amount of the asset is determined as the higher of the net selling price and the value in use. The recoverable amount of software is assessed together with other assets in the smallest group of assets for which a reliable recoverable amount can be determined in an overall assessment.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__75-1": {
"value": "ImpairmentThe carrying amount of software and software under development is assessed at least annually for any impair-ment indications beyond that expressed in amortisation charges. Where there are such indications, an impair-ment charge is made against the lower of the recoverable amount of the asset and the carrying amount. The recoverable amount of the asset is determined as the higher of the net selling price and the value in use. The recoverable amount of software is assessed together with other assets in the smallest group of assets for which a reliable recoverable amount can be determined in an overall assessment.ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__68": {
"value": "3.1 Amortisation and depreciation\u00a7 Accounting policiesAmortisation and depreciation comprise the year\u2019s charges for this purpose on CPH\u2019s intangible assets and property, plant and equipment.DKKm 2025 2024Software 54 58Land and buildings 285 285Investment properties 53 51Plant and machinery 325 406Other fixtures and fittings, tools and equipment 184 167Total amortisation and depreciation 901 967Depreciation and amortisation charges were down by DKK 66 million, mainly due to lower write-offs of assets in 2025 compared with the same period of 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__69": {
"value": "Accounting policiesAmortisation and depreciation comprise the year\u2019s charges for this purpose on CPH\u2019s intangible assets and property, plant and equipment.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__79": {
"value": "3.3 Property, plant and equipment\u00a7 Accounting policiesProperty, plant and equipment are measured at cost less accumulated depreciation.Cost comprises the cost of acquisition and costs directly related to the acquisition up until the time when the asset is ready for use. In the case of self-constructed assets, cost comprises direct costs attributable to the asset, including salaries and wages, materials, components and work performed by subcontractors. Cost also includes interest expenses during construction.The depreciation base is determined as cost less any residual value. Depreciation is charged on a straight-line basis over the estimated useful lives of the assets and begins when the assets are ready for use.Land is not depreciated.Gains and losses on the sale of non-current assets are recognised under Other income.ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.Useful lives of property, plant and equipmentLand and buildingsLand improvements (sewers, etc.) 40 yearsBuildings (terminals, offices, etc.) 80 -100 yearsBuildings (other) 40 yearsFitting out 5 -10 yearsInvestment properties 100 yearsPlant and machineryFoundations of runways, roads, etc. 80 -100 yearsSurface of new runways, roads, etc. 10 yearsTechnical installations on runways 15 yearsTechnical installations (lifts, etc.) 20 yearsTechnical installations in buildings 25 yearsOther fixtures and fittings, tools and equipmentIT equipment 3-5 yearsEnergy plant 15 yearsVehicles, etc. 4 -15 yearsFurniture and fittings 10 yearsHotel equipment 15 -20 yearsSecurity equipment 10 yearsTechnical equipment 10 yearsOther equipment 5 years3.3 Property, plant and equipment (continued)Significant estimates Property, plant and equipmentProperty, plant and equipment are depreciated to the estimated residual value over their expected useful lives, which CPH has estimated above. These estimates are based on CPH\u2019s business plans, the expected useful lives of the assets, the technical and maintenance state of the assets, and regulatory requirements. The residual value was estimated at DKK 595 million (2024: DKK 595 million) at the balance sheet date. The useful lives and residual values of property, plant and equipment are reviewed at least at every year-end based on these factors. CPH evaluates the carrying amounts in order to assess whether events have occurred that require an adjustment of these amounts because they are not expected to be recoverable.Investment propertiesInvestment properties owned by the Group are carried at cost less accumulated depreciation. The carrying amount of the investment properties totalled DKK 1,247 million at 31 December 2025 (2024: DKK 1,267 million). Of the carrying amount, DKK 1,234 million (2024: DKK 1,254 million) related to hotel properties, owned by the subsidiary Copenhagen Airport Hotels A/S (53% ownership share).The corresponding fair value (Level 3) of the investment properties at 31 December 2025 amounted to DKK 2,548 million (2024: DKK 2,403 million). The fair value of the investment properties was determined based on a discounted cash flow calculation on minimum lease payments agreed with the hotel operator with a weighted average discount rate of 7.0% (2024: 7.0%).2025Other fixtures and Property, plant and fittings, tools and equipment under 1DKKm Land and buildingsInvestment properties Plant and machineryequipmentconstruction TotalCostAccumulated cost at 1 January 10,079 1,780 8,556 2,283 3,207 25,905Additions - 33 - 15 1,956 2,004Disposals (93) - (120) (24) - (237)Transferred 176 - 412 405 (993) -Accumulated cost at 31 December 10,162 1,813 8,848 2,679 4,170 27,672DepreciationAccumulated depreciation at 1 January 4,218 513 4,418 1,700 - 10,849Depreciation 262 53 281 183 - 779Depreciation on disposals (69) - (77) (23) - (169)Accumulated depreciation at 31 December 4,411 566 4,622 1,860 - 11,459Carrying amount at 31 December 5,751 1,247 4,226 819 4,170 16,213Of which fixed assets for operational leasing 1,365 1,247 570 127 - 3,3091 At 31 December 2025, CPH\u2019s properties were mortgaged for a total of DKK 4,841 million (2024: DKK 3,191 million).Major investments in 2025 included expansion of Terminal 3, new security facilities and new stands.2024Other fixtures and Property, plant and fittings, tools and equipment under 1DKKm Land and buildingsInvestment properties Plant and machineryequipmentconstruction TotalCostAccumulated cost at 1 January 10,088 1,780 8,781 2,208 2,282 25,139Adjustments to previous years 2 (6) (18) (2) 24 -Additions - 6 - 2 1,406 1,414Disposals (150) - (442) (56) - (648)Transferred 139 - 235 131 (505) -Accumulated cost at 31 December 10,079 1,780 8,556 2,283 3,207 25,905DepreciationAccumulated depreciation at 1 January 4,081 463 4,453 1,586 - 10,583Adjustments to previous years 2 (1) 1 - - 2Depreciation 255 51 285 167 - 758Depreciation on disposals (120) - (321) (53) - (494)Accumulated depreciation at 31 December 4,218 513 4,418 1,700 - 10,849Carrying amount at 31 December 5,861 1,267 4,138 583 3,207 15,056Of which fixed assets for operational leasing 1,494 1,267 587 123 - 3,4711 See previous page.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__78": {
"value": "3.3 Property, plant and equipment\u00a7 Accounting policiesProperty, plant and equipment are measured at cost less accumulated depreciation.Cost comprises the cost of acquisition and costs directly related to the acquisition up until the time when the asset is ready for use. In the case of self-constructed assets, cost comprises direct costs attributable to the asset, including salaries and wages, materials, components and work performed by subcontractors. Cost also includes interest expenses during construction.The depreciation base is determined as cost less any residual value. Depreciation is charged on a straight-line basis over the estimated useful lives of the assets and begins when the assets are ready for use.Land is not depreciated.Gains and losses on the sale of non-current assets are recognised under Other income.ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.Useful lives of property, plant and equipmentLand and buildingsLand improvements (sewers, etc.) 40 yearsBuildings (terminals, offices, etc.) 80 -100 yearsBuildings (other) 40 yearsFitting out 5 -10 yearsInvestment properties 100 yearsPlant and machineryFoundations of runways, roads, etc. 80 -100 yearsSurface of new runways, roads, etc. 10 yearsTechnical installations on runways 15 yearsTechnical installations (lifts, etc.) 20 yearsTechnical installations in buildings 25 yearsOther fixtures and fittings, tools and equipmentIT equipment 3-5 yearsEnergy plant 15 yearsVehicles, etc. 4 -15 yearsFurniture and fittings 10 yearsHotel equipment 15 -20 yearsSecurity equipment 10 yearsTechnical equipment 10 yearsOther equipment 5 years3.3 Property, plant and equipment (continued)Significant estimates Property, plant and equipmentProperty, plant and equipment are depreciated to the estimated residual value over their expected useful lives, which CPH has estimated above. These estimates are based on CPH\u2019s business plans, the expected useful lives of the assets, the technical and maintenance state of the assets, and regulatory requirements. The residual value was estimated at DKK 595 million (2024: DKK 595 million) at the balance sheet date. The useful lives and residual values of property, plant and equipment are reviewed at least at every year-end based on these factors. CPH evaluates the carrying amounts in order to assess whether events have occurred that require an adjustment of these amounts because they are not expected to be recoverable.Investment propertiesInvestment properties owned by the Group are carried at cost less accumulated depreciation. The carrying amount of the investment properties totalled DKK 1,247 million at 31 December 2025 (2024: DKK 1,267 million). Of the carrying amount, DKK 1,234 million (2024: DKK 1,254 million) related to hotel properties, owned by the subsidiary Copenhagen Airport Hotels A/S (53% ownership share).The corresponding fair value (Level 3) of the investment properties at 31 December 2025 amounted to DKK 2,548 million (2024: DKK 2,403 million). The fair value of the investment properties was determined based on a discounted cash flow calculation on minimum lease payments agreed with the hotel operator with a weighted average discount rate of 7.0% (2024: 7.0%).2025Other fixtures and Property, plant and fittings, tools and equipment under 1DKKm Land and buildingsInvestment properties Plant and machineryequipmentconstruction TotalCostAccumulated cost at 1 January 10,079 1,780 8,556 2,283 3,207 25,905Additions - 33 - 15 1,956 2,004Disposals (93) - (120) (24) - (237)Transferred 176 - 412 405 (993) -Accumulated cost at 31 December 10,162 1,813 8,848 2,679 4,170 27,672DepreciationAccumulated depreciation at 1 January 4,218 513 4,418 1,700 - 10,849Depreciation 262 53 281 183 - 779Depreciation on disposals (69) - (77) (23) - (169)Accumulated depreciation at 31 December 4,411 566 4,622 1,860 - 11,459Carrying amount at 31 December 5,751 1,247 4,226 819 4,170 16,213Of which fixed assets for operational leasing 1,365 1,247 570 127 - 3,3091 At 31 December 2025, CPH\u2019s properties were mortgaged for a total of DKK 4,841 million (2024: DKK 3,191 million).Major investments in 2025 included expansion of Terminal 3, new security facilities and new stands.2024Other fixtures and Property, plant and fittings, tools and equipment under 1DKKm Land and buildingsInvestment properties Plant and machineryequipmentconstruction TotalCostAccumulated cost at 1 January 10,088 1,780 8,781 2,208 2,282 25,139Adjustments to previous years 2 (6) (18) (2) 24 -Additions - 6 - 2 1,406 1,414Disposals (150) - (442) (56) - (648)Transferred 139 - 235 131 (505) -Accumulated cost at 31 December 10,079 1,780 8,556 2,283 3,207 25,905DepreciationAccumulated depreciation at 1 January 4,081 463 4,453 1,586 - 10,583Adjustments to previous years 2 (1) 1 - - 2Depreciation 255 51 285 167 - 758Depreciation on disposals (120) - (321) (53) - (494)Accumulated depreciation at 31 December 4,218 513 4,418 1,700 - 10,849Carrying amount at 31 December 5,861 1,267 4,138 583 3,207 15,056Of which fixed assets for operational leasing 1,494 1,267 587 123 - 3,4711 See previous page.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__81": {
"value": "Accounting policiesProperty, plant and equipment are measured at cost less accumulated depreciation.Cost comprises the cost of acquisition and costs directly related to the acquisition up until the time when the asset is ready for use. In the case of self-constructed assets, cost comprises direct costs attributable to the asset, including salaries and wages, materials, components and work performed by subcontractors. Cost also includes interest expenses during construction.The depreciation base is determined as cost less any residual value. Depreciation is charged on a straight-line basis over the estimated useful lives of the assets and begins when the assets are ready for use.Land is not depreciated.Gains and losses on the sale of non-current assets are recognised under Other income.ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.Useful lives of property, plant and equipmentLand and buildingsLand improvements (sewers, etc.) 40 yearsBuildings (terminals, offices, etc.) 80 -100 yearsBuildings (other) 40 yearsFitting out 5 -10 yearsInvestment properties 100 yearsPlant and machineryFoundations of runways, roads, etc. 80 -100 yearsSurface of new runways, roads, etc. 10 yearsTechnical installations on runways 15 yearsTechnical installations (lifts, etc.) 20 yearsTechnical installations in buildings 25 yearsOther fixtures and fittings, tools and equipmentIT equipment 3-5 yearsEnergy plant 15 yearsVehicles, etc. 4 -15 yearsFurniture and fittings 10 yearsHotel equipment 15 -20 yearsSecurity equipment 10 yearsTechnical equipment 10 yearsOther equipment 5 years3.3 Property, plant and equipment (continued)",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__80": {
"value": "Accounting policiesProperty, plant and equipment are measured at cost less accumulated depreciation.Cost comprises the cost of acquisition and costs directly related to the acquisition up until the time when the asset is ready for use. In the case of self-constructed assets, cost comprises direct costs attributable to the asset, including salaries and wages, materials, components and work performed by subcontractors. Cost also includes interest expenses during construction.The depreciation base is determined as cost less any residual value. Depreciation is charged on a straight-line basis over the estimated useful lives of the assets and begins when the assets are ready for use.Land is not depreciated.Gains and losses on the sale of non-current assets are recognised under Other income.ImpairmentThe carrying amount of property, plant and equipment is assessed at least annually for indications of impair-ment beyond that expressed in the depreciation charges. Where there are such indications, an impairment charge is made against the lower of the recoverable amount of the asset and the carrying amount.In assessing the recoverable amount, CPH takes into account significant indicators of potential impairment such as purchase and selling prices, and general market conditions.Useful lives of property, plant and equipmentLand and buildingsLand improvements (sewers, etc.) 40 yearsBuildings (terminals, offices, etc.) 80 -100 yearsBuildings (other) 40 yearsFitting out 5 -10 yearsInvestment properties 100 yearsPlant and machineryFoundations of runways, roads, etc. 80 -100 yearsSurface of new runways, roads, etc. 10 yearsTechnical installations on runways 15 yearsTechnical installations (lifts, etc.) 20 yearsTechnical installations in buildings 25 yearsOther fixtures and fittings, tools and equipmentIT equipment 3-5 yearsEnergy plant 15 yearsVehicles, etc. 4 -15 yearsFurniture and fittings 10 yearsHotel equipment 15 -20 yearsSecurity equipment 10 yearsTechnical equipment 10 yearsOther equipment 5 years3.3 Property, plant and equipment (continued)",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__85": {
"value": "At 31 December 2025, CPH\u2019s properties were mortgaged for a total of DKK 4,841 million (2024: DKK 3,191 million).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCollateralExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__87": {
"value": "Subsidiaries are classified as companies where the Parent Company directly or indirectly controls the majority of the votes or otherwise controls the companies.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__86-1": {
"value": "Subsidiaries are classified as companies where the Parent Company directly or indirectly controls the majority of the votes or otherwise controls the companies.Subsidiaries Copenhagen Airport Hotels A/S, T\u00e5rnby, Denmark \u2013 53% owned by CPH Copenhagen Airports International A/S, T\u00e5rnby, Denmark \u2013 100% owned by CPHNon-controlling interests and joint venturesThe financial information presented in the table relates to Copenhagen Airport Hotels A/S, which is 53% owned by CPH Group with the remainder part owned by non-controlling interests, and Smarter Airports A/S, which is 50% owned by CPH Group with the remainder part owned by joint venture partners.Non-controlling interests Joint venturesDKKm 2025 2024 2025 2024Place of business Denmark Denmark Denmark DenmarkShare of ownership 53% 53% 50% 50%Income statementRevenue 127 118 38 33Profit/(loss) 59 51 (30) (26)Non-CPH share of profit/(loss) 28 24 (15) (13)Balance sheetCurrent assets 53 36 24 26Current liabilities 40 10 20 6Current net assets 13 26 4 20Non-current assets 1,234 1,254 231 242Non-current liabilities 82 82 16 49Non-current net assets 1,152 1,172 215 193Net assets 1,165 1,198 219 213Non-CPH share of net assets 548 563 110 107Dividend paid to non-controlling interests 43 47 - -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__89": {
"value": "Companies are classified as joint ventures when CPH has entered into a joint arrangement whereby the parties have joint control of the arrangement.Investments in joint ventures are measured in the consolidated financial statements according to the equity method at the proportionate share of the enterprises.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__88-1": {
"value": "Companies are classified as joint ventures when CPH has entered into a joint arrangement whereby the parties have joint control of the arrangement.Investments in joint ventures are measured in the consolidated financial statements according to the equity method at the proportionate share of the enterprises.Joint ventures Airport Coordination Denmark A/S, T\u00e5rnby, Denmark \u2013 50% owned by CPH Smarter Airports A/S, Copenhagen, Denmark \u2013 50% owned by CPHFor more information regarding joint ventures, see note 10 in the financial statements of the Parent Company.Non-controlling interests and joint venturesThe financial information presented in the table relates to Copenhagen Airport Hotels A/S, which is 53% owned by CPH Group with the remainder part owned by non-controlling interests, and Smarter Airports A/S, which is 50% owned by CPH Group with the remainder part owned by joint venture partners.Non-controlling interests Joint venturesDKKm 2025 2024 2025 2024Place of business Denmark Denmark Denmark DenmarkShare of ownership 53% 53% 50% 50%Income statementRevenue 127 118 38 33Profit/(loss) 59 51 (30) (26)Non-CPH share of profit/(loss) 28 24 (15) (13)Balance sheetCurrent assets 53 36 24 26Current liabilities 40 10 20 6Current net assets 13 26 4 20Non-current assets 1,234 1,254 231 242Non-current liabilities 82 82 16 49Non-current net assets 1,152 1,172 215 193Net assets 1,165 1,198 219 213Non-CPH share of net assets 548 563 110 107Dividend paid to non-controlling interests 43 47 - -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__92": {
"value": "Joint ventures Airport Coordination Denmark A/S, T\u00e5rnby, Denmark \u2013 50% owned by CPH Smarter Airports A/S, Copenhagen, Denmark \u2013 50% owned by CPHFor more information regarding joint ventures, see note 10 in the financial statements of the Parent Company.Non-controlling interests and joint venturesThe financial information presented in the table relates to Copenhagen Airport Hotels A/S, which is 53% owned by CPH Group with the remainder part owned by non-controlling interests, and Smarter Airports A/S, which is 50% owned by CPH Group with the remainder part owned by joint venture partners.Non-controlling interests Joint venturesDKKm 2025 2024 2025 2024Place of business Denmark Denmark Denmark DenmarkShare of ownership 53% 53% 50% 50%Income statementRevenue 127 118 38 33Profit/(loss) 59 51 (30) (26)Non-CPH share of profit/(loss) 28 24 (15) (13)Balance sheetCurrent assets 53 36 24 26Current liabilities 40 10 20 6Current net assets 13 26 4 20Non-current assets 1,234 1,254 231 242Non-current liabilities 82 82 16 49Non-current net assets 1,152 1,172 215 193Net assets 1,165 1,198 219 213Non-CPH share of net assets 548 563 110 107Dividend paid to non-controlling interests 43 47 - -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__95": {
"value": "4.1 Financial income and expenses\u00a7 Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.DKKm 2025 2024Financial incomeInterest on balances with banks, etc. 2 2Interest on other receivables 2 3Exchange gains 1 1Total financial income 5 6DKKm 2025 2024Financial expensesInterest on debt to financial institutions and other loans, etc. 300 337Capitalised interest expenses regarding assets under construction (122) (97)Exchange losses 1 1Other financing costs 15 16Amortisation of loan costs 10 6Total financial expenses 204 263Financial expenses decreased by DKK 59 million compared to 2024, primarily due to lower interest expenses on consolidated loans and higher capitalised interest expenses related to assets under construction. This development was driven by a lower level of total loans, a reduced effective interest rate and an increase in assets under construc-tion.An average interest rate of 3.2% was applied to calculate loan costs for the cost of assets in 2025 (2024: 3.5%). This rate corresponds to CPH\u2019s weighted average cost of capital for borrowings for purchases of property, plant and equipment.Amortisation of loan costs relates to costs incurred in connection with the establishment of bank loans and credit facilities, and the recycling of previously amortised amounts upon loan renewal.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__94": {
"value": "4.1 Financial income and expenses\u00a7 Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.DKKm 2025 2024Financial incomeInterest on balances with banks, etc. 2 2Interest on other receivables 2 3Exchange gains 1 1Total financial income 5 6DKKm 2025 2024Financial expensesInterest on debt to financial institutions and other loans, etc. 300 337Capitalised interest expenses regarding assets under construction (122) (97)Exchange losses 1 1Other financing costs 15 16Amortisation of loan costs 10 6Total financial expenses 204 263Financial expenses decreased by DKK 59 million compared to 2024, primarily due to lower interest expenses on consolidated loans and higher capitalised interest expenses related to assets under construction. This development was driven by a lower level of total loans, a reduced effective interest rate and an increase in assets under construc-tion.An average interest rate of 3.2% was applied to calculate loan costs for the cost of assets in 2025 (2024: 3.5%). This rate corresponds to CPH\u2019s weighted average cost of capital for borrowings for purchases of property, plant and equipment.Amortisation of loan costs relates to costs incurred in connection with the establishment of bank loans and credit facilities, and the recycling of previously amortised amounts upon loan renewal.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__102-1": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.DKKm 2025 2024Financial expensesInterest on debt to financial institutions and other loans, etc. 300 337Capitalised interest expenses regarding assets under construction (122) (97)Exchange losses 1 1Other financing costs 15 16Amortisation of loan costs 10 6Total financial expenses 204 263Financial expenses decreased by DKK 59 million compared to 2024, primarily due to lower interest expenses on consolidated loans and higher capitalised interest expenses related to assets under construction. This development was driven by a lower level of total loans, a reduced effective interest rate and an increase in assets under construc-tion.An average interest rate of 3.2% was applied to calculate loan costs for the cost of assets in 2025 (2024: 3.5%). This rate corresponds to CPH\u2019s weighted average cost of capital for borrowings for purchases of property, plant and equipment.Amortisation of loan costs relates to costs incurred in connection with the establishment of bank loans and credit facilities, and the recycling of previously amortised amounts upon loan renewal.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__101-1": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.DKKm 2025 2024Financial expensesInterest on debt to financial institutions and other loans, etc. 300 337Capitalised interest expenses regarding assets under construction (122) (97)Exchange losses 1 1Other financing costs 15 16Amortisation of loan costs 10 6Total financial expenses 204 263Financial expenses decreased by DKK 59 million compared to 2024, primarily due to lower interest expenses on consolidated loans and higher capitalised interest expenses related to assets under construction. This development was driven by a lower level of total loans, a reduced effective interest rate and an increase in assets under construc-tion.An average interest rate of 3.2% was applied to calculate loan costs for the cost of assets in 2025 (2024: 3.5%). This rate corresponds to CPH\u2019s weighted average cost of capital for borrowings for purchases of property, plant and equipment.Amortisation of loan costs relates to costs incurred in connection with the establishment of bank loans and credit facilities, and the recycling of previously amortised amounts upon loan renewal.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__100-1": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.DKKm 2025 2024Financial incomeInterest on balances with banks, etc. 2 2Interest on other receivables 2 3Exchange gains 1 1Total financial income 5 6",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__99-1": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.DKKm 2025 2024Financial incomeInterest on balances with banks, etc. 2 2Interest on other receivables 2 3Exchange gains 1 1Total financial income 5 6",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__98": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__97": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__96": {
"value": "Accounting policiesFinancial income and expenses include interest, realised and unrealised exchange differences, amortisation of mortgage loans and other loans, including reversal of fair value adjustments of effective hedges of loans, and supplements and allowances under the on-account tax scheme. Fair value adjustment of interest elements of swaps classified as a cash flow hedge for accounting purposes is recognised in comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__108": {
"value": "4.2 Financial institutions and other loans\u00a7 Accounting policiesMortgage loans, loans from financial institutions and other loans are recognised when taken out at the amount received. In subsequent periods, the loans are measured at amortised cost so that the effective interest rate is recognised in the income statement over the term of the loan.DKKm 2025 2024Financial institutions and other loans were recognised in the balance sheet as follows:Non-current liabilities 5,888 7,352Current liabilities 3,170 1,824Total 9,058 9,176Information on loans with covenantsUnder the terms of the loan facilities, which had a carrying amount of DKK 4,725 million, CPH is required to comply with the following financial covenants at the end of each interim reporting period: \u00b7 Leverage ratio: Net debt/EBITDA must not exceed 4.00 \u00b7 Equity ratio: Equity/Assets > 20% \u00b7 Interest cover: EBIT/Interest expense > 2.25CPH has complied with these covenants throughout the reporting period. There are no indications that CPH will have difficulties complying with the covenants when they are tested in the following period in 2026.Non-cash Non-cash changeschangesReclassifi-31 Reclassifi-31 1 January cation and December 1 January cation and December DKKm2025 Cash flowloan costs20252024 Cash flowloan costs2024Liabilities arising from financing activitiesLong-term loans 7,352 1,305 (2,769) 5,888 8,753 (351) (1,050) 7,352Short-term loans 1,824 (1,407) 2,753 3,170 907 (139) 1,056 1,824Total 9,176 (102) (16) 9,058 9,660 (490) 6 9,176CPH had the following loans at 31 December:1Carrying amount Fair valueDKKm Currency Fixed/floating Maturity date 2025 2024 2025 2024Overdraft DKK Floating - 74 188 74 188Bank club DKK Floating 27 Apr 2028 - 230 - 230Term loan DKK Floating 27 Apr 2026 2,500 2,500 2,500 2,5002Nordea KreditDKK Floating 27 Aug 2055 550 - 550 -2Nykredit KreditDKK Floating 27 Aug 2055 550 - 550 -2RD KreditDKK Floating 27 Aug 2055 550 - 550 -2Nordea KreditDKK Floating 22 Aug 2053 600 600 600 6002Nykredit KreditDKK Floating 22 Aug 2053 900 900 900 9002RD KreditDKK Floating 22 Aug 2053 900 900 900 9002Nordea KreditDKK Floating 30 Dec 2039 329 349 329 3492RD (DKK 64 million)DKK Fixed 23 Dec 2032 26 29 26 303Nordic Investment Bank (NIB)DKK Fixed 12 Feb 2026 8 23 8 233Nordic Investment Bank (NIB)DKK Fixed 19 Dec 2027 212 318 160 2643European Investment Bank (EIB)DKK Fixed 15 Dec 2026 250 250 247 2433European Investment Bank (EIB)DKK Fixed 7 Apr 2032 382 436 366 4193European Investment Bank (EIB)DKK Fixed 26 Jan 2033 291 327 278 3203European Investment Bank (EIB)DKK Fixed 14 Aug 2033 436 491 408 4623European Investment Bank (EIB)DKK Fixed 12 Apr 2034 572 636 526 587USPP bond loan DKK Fixed 27 Aug 2025 - 1,055 - 1,057Total 9,130 9,232 8,972 9,072Loan costs for future amortisation (72) (56) (72) (56)Total (72) (56) (72) (56)Total 9,058 9,176 8,900 9,0161 See note 4.3 for a description of the method for determining the fair value of financial liabilities.2 At 31 December 2025, CPH\u2019s properties were mortgaged for a total value of DKK 4,841 million (2024: DKK 3,191 million).3 Funding for the development and expansion of Copenhagen Airport, which is expected to be completed by the end of 2028.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__109": {
"value": "Accounting policiesMortgage loans, loans from financial institutions and other loans are recognised when taken out at the amount received. In subsequent periods, the loans are measured at amortised cost so that the effective interest rate is recognised in the income statement over the term of the loan.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__110": {
"value": "4.3 Financial risks\u00a7 Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included. CPH's risk management policyCPH's financial risks are managed by the Treasury department. The principles and framework governing CPH's financial management are laid down once a year by the Board of Directors. The financial risks occur primarily as a result of operating and investing activities.Hedge accountingCPH designates certain derivatives as hedging instruments in respect of interest rate risk in cash flow hedges.At the inception of the hedge relationship, CPH documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Treasury department documents whether the hedging instrument is effective in offsetting changes in cash flows of the hedged item attributable to the hedged risk, which is when the hedging relationships meet all of the following hedge effec-tiveness requirements:\u2013 There is an economic relationship between the hedged item and the hedging instrument\u2013 The effect of credit risk does not dominate the value changes that result from that economic relationship\u2013 The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that CPH actually hedges and the quantity of the hedging instrument that CPH actually uses to hedge that quantity of hedged itemIf a hedging relationship ceases to meet the hedge effectiveness requirement relating to the hedge ratio, but the risk management objective for that designated hedging relationship remains the same, CPH adjusts the hedge ratio of the hedging relationship (i.e. rebalances the hedge) so that it meets the qualifying criteria again.CPH discontinues hedge accounting only when the hedging relationship (or a part thereof) ceases to meet the qualifying criteria (after rebalancing, if applicable). This includes instances when the hedging instrument expires or is sold, terminated or exercised. The discontinuation is accounted for prospectively. Any gain or loss recog-nised in Other comprehensive income and accumulated in the cash flow hedge reserve at that time remains in equity and is reclassified to the income statement when the forecast transaction occurs. When a forecast trans-action is no longer expected to occur, the gain or loss accumulated in the cash flow hedge reserve is reclassi-fied to the income statement.Credit risksCPH\u2019s credit risks primarily relate to receivables, bank deposits, securities and derivative financial instruments.Credit risks regarding receivables arise when CPH\u2019s revenue in the form of traffic charges, concession charges, rent, etc. is not prepaid, or when customer solvency is not covered by guarantees, etc. CPH\u2019s revenue comprises aeronautical revenue from national and international airlines, and non-aeronautical revenue from national and international companies within and outside the aviation industry. As part of CPH\u2019s internal procedures regarding risk management, the credit risk relating to customers is monitored monthly. This is done by reviewing any failure to pay amounts due and assessing whether the customer has financial problems. CPH\u2019s trading partners SAS, Gebr. Heinemann, Norwegian, SSP (Food & Beverage) and Ryanair constitute the most significant concentration of credit risk. Gross receivables from the sales of services to these customers amounted to approximately 59% of the total in 2025 (2024: 47%). See note 5.1 on trade receivables for further information.Credit risks relating to bank deposits, securities and derivative financial instruments arise as a result of uncertainty regarding the counterparty\u2019s ability to meet its liabilities when due. CPH seeks to limit the credit risks regarding bank deposits and derivative financial instruments by diversifying financial contracts and by entering into contracts only with financial counterparties with satisfactory credit ratings. The credit risk is calculated per counterparty based on the actual market value of the contracts entered into. At the balance sheet date, CPH had no credit risk on deriv-ative financial instruments. Credit exposure to financial counterparties at 31 December 2025 totalled DKK 54 million (2024: DKK 48 million), corresponding to the value of bank deposits and money market deposits, including accrued interest.Capital managementCPH\u2019s policy concerning borrowings is, as far as possible, to ensure a certain flexibility by diversifying funding by maturity date and counterparties. Furthermore, it is CPH\u2019s policy to comply with the loan covenants in its loan agreements. The Board of Directors and management ensure that CPH has a sound capital structure and, based on this, the financing policy is approved on an annual basis.CPH, individually and on behalf of its subsidiaries, has undertaken not to create or permit to subsist any charge over its assets or those of its subsidiaries, subject to a maximum permitted amount. Furthermore, CPH has made a commitment to its lenders to comply with a number of other terms and conditions, including financial covenants. A number of CPH\u2019s agreements on loans and credit facilities may be terminated in the event of failure to comply with these terms and conditions.Liquidity riskCPH aims to have sufficient available liquidity to meet all its obligations. This is ensured via a solid liquidity buffer consisting of committed credit facilities.At 31 December 2025, CPH\u2019s liquid assets consisted of cash of DKK 54 million (2024: DKK 48 million) and undrawn committed long-term credit facilities of DKK 1,900 million (2024: DKK 3,670 million). The decrease in undrawn committed facilities compared to the prior year is primarily explained by the maturity of an undrawn revolving credit facility of DKK 2,000 million in December 2025. In addition, CPH had access to overdraft facilities of DKK 126 million (2024: DKK 12 million). A complete overview of payment commitments is disclosed on the following pages. All cash flows are undiscounted and include all liabilities under the contracts. Interest payments on floating-rate debt not yet hedged are recognised at the fixed forward rate from the day the loans are expected to be swapped, based on the yield curve applic able at the balance sheet date. Maturity at 31 December2025After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 3,449 1,701 8,370 13,520 8,972 9,130Trade payables 1,033 - - 1,033 1,033 1,033Other payables 240 - - 240 240 240Total recognised at amortised cost 4,722 1,701 8,370 14,793 10,245 10,403Recognised at fair valueDerivative financial instruments 3 65 - 68 68 68Total recognised at fair value 3 65 - 68 68 68Total financial liabilities 4,725 1,766 8,370 14,861 10,313 10,471Recognised at amortised costTrade receivables 517 - - 517 517 517Other receivables 71 - - 71 71 71Cash 54 - - 54 54 54Total recognised at amortised cost 642 - - 642 642 642Recognised at fair valueDerivative financial instruments - - 28 28 28 28Total recognised at fair value - - 28 28 28 28Total financial assets 642 - 28 670 670 6701 The fair value of financial liabilities is the present value of the expected future instalments and interest payments, except for trade payables, other payables and receivables, which are stated at the net carrying amount at year-end. The fair value of derivative financial instruments is deter-mined based on published exchange rates, swap and forward rates, etc. The fair value measure-ment of financial instruments is divided into the following measurement hierarchy: Level 1: Observable market prices of identical instrumentsLevel 2: Valuation models primarily based on observable prices or traded prices of comparable instrumentsLevel 3: Valuation models primarily based on non-observable pricesThe fair value of CPH\u2019s derivative financial instruments (interest rate) is considered a Level 2 fair value measurement, as the fair value is primarily determined directly based on published exchange rates and quoted swap and forward rates at the balance sheet date.Maturity at 31 December2024After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 2,108 4,426 5,847 12,381 9,072 9,232Trade payables 693 - - 693 693 693Other payables 244 - - 244 244 244Total recognised at amortised cost 3,045 4,426 5,847 13,318 10,009 10,169Recognised at fair valueDerivative financial instruments - 89 72 161 161 161Total recognised at fair value - 89 72 161 161 161Total financial liabilities 3,045 4,515 5,919 13,479 10,170 10,330Recognised at amortised costTrade receivables 435 - - 435 435 435Other receivables 64 - - 64 64 64Cash 48 - - 48 48 48Total recognised at amortised cost 547 - - 547 547 547Total financial assets 547 - - 547 547 5471 See previous page.Market risksInterest rate risks It is CPH\u00b4s policy to reduce the financial impact of interest rate fluctuations on earnings and cash flows by actively managing this risk at an appropriate cost. Hedging is normally carried out using interest rate swaps under which floating-rate loans are swapped to a fixed interest rate. The duration of CPH\u2019s drawn loans on 31 December 2025 was determined to be approximately 13.7 years (2024: approximately 9.2 years). 81% of CPH\u2019s drawn loan portfolio was at a fixed rate and 19% was at a floating rate. A 1 percentage point change in the interest rate on floating-rate loans on 31 December 2025 would affect profit before tax by DKK +/- 17 million on an annual basis. Sensitivity analysis of the current portfolio of swap contractsDKKm 2025 2024Effect on other comprehensive income before tax of:An increase in the DKK interest rate of 1 %-point 227 155A decrease in the DKK interest rate of 1 %-point (209) (162)Exchange rate risksExchange rate fluctuations would have only a minor impact on CPH\u2019s operating results because most of its revenue and costs are settled in DKK.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__120": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__119": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__118": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__117": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__116": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__115": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__114-1": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.Maturity at 31 December2024After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 2,108 4,426 5,847 12,381 9,072 9,232Trade payables 693 - - 693 693 693Other payables 244 - - 244 244 244Total recognised at amortised cost 3,045 4,426 5,847 13,318 10,009 10,169Recognised at fair valueDerivative financial instruments - 89 72 161 161 161Total recognised at fair value - 89 72 161 161 161Total financial liabilities 3,045 4,515 5,919 13,479 10,170 10,330Recognised at amortised costTrade receivables 435 - - 435 435 435Other receivables 64 - - 64 64 64Cash 48 - - 48 48 48Total recognised at amortised cost 547 - - 547 547 547Total financial assets 547 - - 547 547 5471",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__113": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__112-1": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.Maturity at 31 December2024After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 2,108 4,426 5,847 12,381 9,072 9,232Trade payables 693 - - 693 693 693Other payables 244 - - 244 244 244Total recognised at amortised cost 3,045 4,426 5,847 13,318 10,009 10,169Recognised at fair valueDerivative financial instruments - 89 72 161 161 161Total recognised at fair value - 89 72 161 161 161Total financial liabilities 3,045 4,515 5,919 13,479 10,170 10,330Recognised at amortised costTrade receivables 435 - - 435 435 435Other receivables 64 - - 64 64 64Cash 48 - - 48 48 48Total recognised at amortised cost 547 - - 547 547 547Total financial assets 547 - - 547 547 5471",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__111-1": {
"value": "Accounting policiesCPH is exposed to a number of financial risks. As part of CPH\u00b4s risk management, CPH uses derivative financial instruments when hedging future financial transactions and cash flows. Derivative financial instruments are initially recognised at fair value at the date a deriv ative contract is entered into and are subsequently remeasured to their fair value at each reporting date. A derivative with a positive fair value is recognised as a financial asset, whereas a deriv ative with a negative fair value is recognised as a financial liability. Changes in the fair value of derivative financial instruments designated as hedges of expected future cash flows are recognised in Other comprehensive income and accumulated under Reserve for hedging. If the expected future transaction results in the recognition of non-financial assets or liabilities, amounts previously deferred in Other comprehensive income are transferred from Equity via Other comprehensive income and included in the initial measurement of the cost of the asset or liability respectively. Other amounts deferred in Other comprehensive income as part of equity are transferred to the income statement in the period in which the hedged transaction impacts the income statement. The fair value of interest rate swaps is determined as the present value of expected future cash flows. An eval-uation of own and counterparty credit risks is also included.Maturity at 31 December2024After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 2,108 4,426 5,847 12,381 9,072 9,232Trade payables 693 - - 693 693 693Other payables 244 - - 244 244 244Total recognised at amortised cost 3,045 4,426 5,847 13,318 10,009 10,169Recognised at fair valueDerivative financial instruments - 89 72 161 161 161Total recognised at fair value - 89 72 161 161 161Total financial liabilities 3,045 4,515 5,919 13,479 10,170 10,330Recognised at amortised costTrade receivables 435 - - 435 435 435Other receivables 64 - - 64 64 64Cash 48 - - 48 48 48Total recognised at amortised cost 547 - - 547 547 547Total financial assets 547 - - 547 547 5471",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__121-1": {
"value": "Credit risksCPH\u2019s credit risks primarily relate to receivables, bank deposits, securities and derivative financial instruments.Credit risks regarding receivables arise when CPH\u2019s revenue in the form of traffic charges, concession charges, rent, etc. is not prepaid, or when customer solvency is not covered by guarantees, etc. CPH\u2019s revenue comprises aeronautical revenue from national and international airlines, and non-aeronautical revenue from national and international companies within and outside the aviation industry. As part of CPH\u2019s internal procedures regarding risk management, the credit risk relating to customers is monitored monthly. This is done by reviewing any failure to pay amounts due and assessing whether the customer has financial problems. CPH\u2019s trading partners SAS, Gebr. Heinemann, Norwegian, SSP (Food & Beverage) and Ryanair constitute the most significant concentration of credit risk. Gross receivables from the sales of services to these customers amounted to approximately 59% of the total in 2025 (2024: 47%). See note 5.1 on trade receivables for further information.Credit risks relating to bank deposits, securities and derivative financial instruments arise as a result of uncertainty regarding the counterparty\u2019s ability to meet its liabilities when due. CPH seeks to limit the credit risks regarding bank deposits and derivative financial instruments by diversifying financial contracts and by entering into contracts only with financial counterparties with satisfactory credit ratings. The credit risk is calculated per counterparty based on the actual market value of the contracts entered into. At the balance sheet date, CPH had no credit risk on deriv-ative financial instruments. Credit exposure to financial counterparties at 31 December 2025 totalled DKK 54 million (2024: DKK 48 million), corresponding to the value of bank deposits and money market deposits, including accrued interest.DKKm 2025 2024Trade receivables 559 475Write-down 42 40Net trade receivables 517 435Write-down for bad and doubtful debts:Accumulated write-down at 1 January 40 37Change in write-down for the year 1 2Realised loss for the year 1 1Accumulated write-down at 31 December 42 40Specification of write-downs of trade receivables2025Gross carrying Write-Net trade DKKmamountdownsreceivables Not due 413 0 413Less than 30 days 106 2 10430 to 90 days 2 2 -More than 90 days 38 38 -Total 559 42 5172024Gross carrying Write-Net trade DKKmamountdownsreceivables Not due 326 0 326Less than 30 days 117 8 10930 to 90 days - - -More than 90 days 32 32 -Total 475 40 435",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__122": {
"value": "Capital managementCPH\u2019s policy concerning borrowings is, as far as possible, to ensure a certain flexibility by diversifying funding by maturity date and counterparties. Furthermore, it is CPH\u2019s policy to comply with the loan covenants in its loan agreements. The Board of Directors and management ensure that CPH has a sound capital structure and, based on this, the financing policy is approved on an annual basis.CPH, individually and on behalf of its subsidiaries, has undertaken not to create or permit to subsist any charge over its assets or those of its subsidiaries, subject to a maximum permitted amount. Furthermore, CPH has made a commitment to its lenders to comply with a number of other terms and conditions, including financial covenants. A number of CPH\u2019s agreements on loans and credit facilities may be terminated in the event of failure to comply with these terms and conditions.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__123": {
"value": "Liquidity riskCPH aims to have sufficient available liquidity to meet all its obligations. This is ensured via a solid liquidity buffer consisting of committed credit facilities.At 31 December 2025, CPH\u2019s liquid assets consisted of cash of DKK 54 million (2024: DKK 48 million) and undrawn committed long-term credit facilities of DKK 1,900 million (2024: DKK 3,670 million). The decrease in undrawn committed facilities compared to the prior year is primarily explained by the maturity of an undrawn revolving credit facility of DKK 2,000 million in December 2025. In addition, CPH had access to overdraft facilities of DKK 126 million (2024: DKK 12 million). A complete overview of payment commitments is disclosed on the following pages. All cash flows are undiscounted and include all liabilities under the contracts. Interest payments on floating-rate debt not yet hedged are recognised at the fixed forward rate from the day the loans are expected to be swapped, based on the yield curve applic able at the balance sheet date. Maturity at 31 December2025After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 3,449 1,701 8,370 13,520 8,972 9,130Trade payables 1,033 - - 1,033 1,033 1,033Other payables 240 - - 240 240 240Total recognised at amortised cost 4,722 1,701 8,370 14,793 10,245 10,403Recognised at fair valueDerivative financial instruments 3 65 - 68 68 68Total recognised at fair value 3 65 - 68 68 68Total financial liabilities 4,725 1,766 8,370 14,861 10,313 10,471Recognised at amortised costTrade receivables 517 - - 517 517 517Other receivables 71 - - 71 71 71Cash 54 - - 54 54 54Total recognised at amortised cost 642 - - 642 642 642Recognised at fair valueDerivative financial instruments - - 28 28 28 28Total recognised at fair value - - 28 28 28 28Total financial assets 642 - 28 670 670 6701 The fair value of financial liabilities is the present value of the expected future instalments and interest payments, except for trade payables, other payables and receivables, which are stated at the net carrying amount at year-end. The fair value of derivative financial instruments is deter-mined based on published exchange rates, swap and forward rates, etc. The fair value measure-ment of financial instruments is divided into the following measurement hierarchy: Level 1: Observable market prices of identical instrumentsLevel 2: Valuation models primarily based on observable prices or traded prices of comparable instrumentsLevel 3: Valuation models primarily based on non-observable pricesThe fair value of CPH\u2019s derivative financial instruments (interest rate) is considered a Level 2 fair value measurement, as the fair value is primarily determined directly based on published exchange rates and quoted swap and forward rates at the balance sheet date.Maturity at 31 December2024After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 2,108 4,426 5,847 12,381 9,072 9,232Trade payables 693 - - 693 693 693Other payables 244 - - 244 244 244Total recognised at amortised cost 3,045 4,426 5,847 13,318 10,009 10,169Recognised at fair valueDerivative financial instruments - 89 72 161 161 161Total recognised at fair value - 89 72 161 161 161Total financial liabilities 3,045 4,515 5,919 13,479 10,170 10,330Recognised at amortised costTrade receivables 435 - - 435 435 435Other receivables 64 - - 64 64 64Cash 48 - - 48 48 48Total recognised at amortised cost 547 - - 547 547 547Total financial assets 547 - - 547 547 5471",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__124": {
"value": "Maturity at 31 December2024After Carrying 1DKKm 0-1 year 1-5 years5 years Total Fair valueamountRecognised at amortised costFinancial institutions and other loans 2,108 4,426 5,847 12,381 9,072 9,232Trade payables 693 - - 693 693 693Other payables 244 - - 244 244 244Total recognised at amortised cost 3,045 4,426 5,847 13,318 10,009 10,169Recognised at fair valueDerivative financial instruments - 89 72 161 161 161Total recognised at fair value - 89 72 161 161 161Total financial liabilities 3,045 4,515 5,919 13,479 10,170 10,330Recognised at amortised costTrade receivables 435 - - 435 435 435Other receivables 64 - - 64 64 64Cash 48 - - 48 48 48Total recognised at amortised cost 547 - - 547 547 547Total financial assets 547 - - 547 547 5471",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__128-1": {
"value": "Market risksInterest rate risks It is CPH\u00b4s policy to reduce the financial impact of interest rate fluctuations on earnings and cash flows by actively managing this risk at an appropriate cost. Hedging is normally carried out using interest rate swaps under which floating-rate loans are swapped to a fixed interest rate. The duration of CPH\u2019s drawn loans on 31 December 2025 was determined to be approximately 13.7 years (2024: approximately 9.2 years). 81% of CPH\u2019s drawn loan portfolio was at a fixed rate and 19% was at a floating rate. A 1 percentage point change in the interest rate on floating-rate loans on 31 December 2025 would affect profit before tax by DKK +/- 17 million on an annual basis.Sensitivity analysis of the current portfolio of swap contractsDKKm 2025 2024Effect on other comprehensive income before tax of:An increase in the DKK interest rate of 1 %-point 227 155A decrease in the DKK interest rate of 1 %-point (209) (162)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__130-1": {
"value": "Sensitivity analysis of the current portfolio of swap contractsDKKm 2025 2024Effect on other comprehensive income before tax of:An increase in the DKK interest rate of 1 %-point 227 155A decrease in the DKK interest rate of 1 %-point (209) (162)Exchange rate risksExchange rate fluctuations would have only a minor impact on CPH\u2019s operating results because most of its revenue and costs are settled in DKK.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__133": {
"value": "5.1 Trade receivables\u00a7 Accounting policiesReceivables are measured at amortised cost. Write-downs to offset losses are made in accordance with the simplified expected credit loss model, whereby the total loss is recognised immediately in the income state-ment at the same time as the receivable is recognised in the balance sheet, based on the expected loss over the total life of the receivable.In a number of cases, CPH receives collateral security for sales on credit, mainly regarding non-aeronautical activ-ities, and such collateral is included in the assessment of the write-down required for bad and doubtful debts. The collateral may be in the form of financial guarantees. Of the trade receivables of DKK 517 million at 31 December 2025 (2024: DKK 435 million), DKK 140 million (2024: DKK 150 million) was covered by collateral security. The maximum credit risk was reflected in the carrying amount of the financial assets in the balance sheet.DKKm 2025 2024Trade receivables 559 475Write-down 42 40Net trade receivables 517 435Write-down for bad and doubtful debts:Accumulated write-down at 1 January 40 37Change in write-down for the year 1 2Realised loss for the year 1 1Accumulated write-down at 31 December 42 40Specification of write-downs of trade receivables2025Gross carrying Write-Net trade DKKmamountdownsreceivables Not due 413 0 413Less than 30 days 106 2 10430 to 90 days 2 2 -More than 90 days 38 38 -Total 559 42 5172024Gross carrying Write-Net trade DKKmamountdownsreceivables Not due 326 0 326Less than 30 days 117 8 10930 to 90 days - - -More than 90 days 32 32 -Total 475 40 435",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__132": {
"value": "5.1 Trade receivables\u00a7 Accounting policiesReceivables are measured at amortised cost. Write-downs to offset losses are made in accordance with the simplified expected credit loss model, whereby the total loss is recognised immediately in the income state-ment at the same time as the receivable is recognised in the balance sheet, based on the expected loss over the total life of the receivable.In a number of cases, CPH receives collateral security for sales on credit, mainly regarding non-aeronautical activ-ities, and such collateral is included in the assessment of the write-down required for bad and doubtful debts. The collateral may be in the form of financial guarantees. Of the trade receivables of DKK 517 million at 31 December 2025 (2024: DKK 435 million), DKK 140 million (2024: DKK 150 million) was covered by collateral security. The maximum credit risk was reflected in the carrying amount of the financial assets in the balance sheet.DKKm 2025 2024Trade receivables 559 475Write-down 42 40Net trade receivables 517 435Write-down for bad and doubtful debts:Accumulated write-down at 1 January 40 37Change in write-down for the year 1 2Realised loss for the year 1 1Accumulated write-down at 31 December 42 40Specification of write-downs of trade receivables2025Gross carrying Write-Net trade DKKmamountdownsreceivables Not due 413 0 413Less than 30 days 106 2 10430 to 90 days 2 2 -More than 90 days 38 38 -Total 559 42 5172024Gross carrying Write-Net trade DKKmamountdownsreceivables Not due 326 0 326Less than 30 days 117 8 10930 to 90 days - - -More than 90 days 32 32 -Total 475 40 435",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__134": {
"value": "Accounting policiesReceivables are measured at amortised cost. Write-downs to offset losses are made in accordance with the simplified expected credit loss model, whereby the total loss is recognised immediately in the income state-ment at the same time as the receivable is recognised in the balance sheet, based on the expected loss over the total life of the receivable.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__136": {
"value": "5.2 Specifications to cash \ufb02ow statement DKKm 2025 2024Received from customersRevenue 5,521 5,070Change in trade receivables and contract liabilities (107) (125)Total 5,414 4,945Paid to staff, suppliers, etc.Operating costs (2,784) (2,496)Change in other receivables, etc. (85) (131)Change in cost-related trade payables, etc. 340 32Total (2,529) (2,595)Interest received, etc.Interest received, etc. 2 2Realised exchange gains 0 2Other interest income 2 1Total 4 5Interest paid, etc.Interest paid, etc. (339) (342)Other financial costs (14) (15)Other interest expenses (1) -Total (354) (357)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__140": {
"value": "5.3 Financial commitmentsAt 31 December 2025, CPH had entered into contracts to build facilities totalling DKK 724 million (2024: DKK 1,039 million), primarily relating to the expansion of Terminal 3 and new security facilities. Other commitments totalled DKK 79 million (2024: DKK 67 million). Secondly, according to an agreement with Netcompany A/S, CPH is obligated to purchase the intellectual property rights (ownership) related to a specific airport application from Smarter Airports A/S for an amount of DKK 15 million if Smarter Airports A/S has not been able to sell usage licences for the application to a minimum of two additional airports by the end of 2027.Furthermore, CPH is committed to paying pension obligations relating to civil servants pursuant to the provisions of the Danish Civil Servants Act, cf. note 2.4.Under the agreement with Naviair for the provision of air traffic services, CPH has accepted liability for any terminal navigation charges (TNC) that Naviair users may fail to pay. This liability takes effect when the claim has been ascer-tained and documented as irrecoverable, and when other specifically agreed terms and conditions have been met.Debt to financial institutions is secured by mortgages on CPH\u2019s properties as described in note 3.3.CPH has a secondary liability for the tax liabilities incurred in the joint taxation scheme with KAP (Kastrup Airports Parent ApS) and ATP (ATP Pensionsservice A/S). The liability reflects the tax payable for the subperiods in each joint taxation scheme during 2025. Tax liabilities arising after the Danish state's acquisition of the majority shareholder interest in CPH on 30 September 2025 is reflected as an actual tax liability in the balance sheet. See note 2.5 for additional information. All other financial liabilities are recognised in the balance sheet.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__139": {
"value": "5.3 Financial commitmentsAt 31 December 2025, CPH had entered into contracts to build facilities totalling DKK 724 million (2024: DKK 1,039 million), primarily relating to the expansion of Terminal 3 and new security facilities. Other commitments totalled DKK 79 million (2024: DKK 67 million). Secondly, according to an agreement with Netcompany A/S, CPH is obligated to purchase the intellectual property rights (ownership) related to a specific airport application from Smarter Airports A/S for an amount of DKK 15 million if Smarter Airports A/S has not been able to sell usage licences for the application to a minimum of two additional airports by the end of 2027.Furthermore, CPH is committed to paying pension obligations relating to civil servants pursuant to the provisions of the Danish Civil Servants Act, cf. note 2.4.Under the agreement with Naviair for the provision of air traffic services, CPH has accepted liability for any terminal navigation charges (TNC) that Naviair users may fail to pay. This liability takes effect when the claim has been ascer-tained and documented as irrecoverable, and when other specifically agreed terms and conditions have been met.Debt to financial institutions is secured by mortgages on CPH\u2019s properties as described in note 3.3.CPH has a secondary liability for the tax liabilities incurred in the joint taxation scheme with KAP (Kastrup Airports Parent ApS) and ATP (ATP Pensionsservice A/S). The liability reflects the tax payable for the subperiods in each joint taxation scheme during 2025. Tax liabilities arising after the Danish state's acquisition of the majority shareholder interest in CPH on 30 September 2025 is reflected as an actual tax liability in the balance sheet. See note 2.5 for additional information. All other financial liabilities are recognised in the balance sheet.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__138": {
"value": "5.3 Financial commitmentsAt 31 December 2025, CPH had entered into contracts to build facilities totalling DKK 724 million (2024: DKK 1,039 million), primarily relating to the expansion of Terminal 3 and new security facilities. Other commitments totalled DKK 79 million (2024: DKK 67 million). Secondly, according to an agreement with Netcompany A/S, CPH is obligated to purchase the intellectual property rights (ownership) related to a specific airport application from Smarter Airports A/S for an amount of DKK 15 million if Smarter Airports A/S has not been able to sell usage licences for the application to a minimum of two additional airports by the end of 2027.Furthermore, CPH is committed to paying pension obligations relating to civil servants pursuant to the provisions of the Danish Civil Servants Act, cf. note 2.4.Under the agreement with Naviair for the provision of air traffic services, CPH has accepted liability for any terminal navigation charges (TNC) that Naviair users may fail to pay. This liability takes effect when the claim has been ascer-tained and documented as irrecoverable, and when other specifically agreed terms and conditions have been met.Debt to financial institutions is secured by mortgages on CPH\u2019s properties as described in note 3.3.CPH has a secondary liability for the tax liabilities incurred in the joint taxation scheme with KAP (Kastrup Airports Parent ApS) and ATP (ATP Pensionsservice A/S). The liability reflects the tax payable for the subperiods in each joint taxation scheme during 2025. Tax liabilities arising after the Danish state's acquisition of the majority shareholder interest in CPH on 30 September 2025 is reflected as an actual tax liability in the balance sheet. See note 2.5 for additional information. All other financial liabilities are recognised in the balance sheet.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__137": {
"value": "5.3 Financial commitmentsAt 31 December 2025, CPH had entered into contracts to build facilities totalling DKK 724 million (2024: DKK 1,039 million), primarily relating to the expansion of Terminal 3 and new security facilities. Other commitments totalled DKK 79 million (2024: DKK 67 million). Secondly, according to an agreement with Netcompany A/S, CPH is obligated to purchase the intellectual property rights (ownership) related to a specific airport application from Smarter Airports A/S for an amount of DKK 15 million if Smarter Airports A/S has not been able to sell usage licences for the application to a minimum of two additional airports by the end of 2027.Furthermore, CPH is committed to paying pension obligations relating to civil servants pursuant to the provisions of the Danish Civil Servants Act, cf. note 2.4.Under the agreement with Naviair for the provision of air traffic services, CPH has accepted liability for any terminal navigation charges (TNC) that Naviair users may fail to pay. This liability takes effect when the claim has been ascer-tained and documented as irrecoverable, and when other specifically agreed terms and conditions have been met.Debt to financial institutions is secured by mortgages on CPH\u2019s properties as described in note 3.3.CPH has a secondary liability for the tax liabilities incurred in the joint taxation scheme with KAP (Kastrup Airports Parent ApS) and ATP (ATP Pensionsservice A/S). The liability reflects the tax payable for the subperiods in each joint taxation scheme during 2025. Tax liabilities arising after the Danish state's acquisition of the majority shareholder interest in CPH on 30 September 2025 is reflected as an actual tax liability in the balance sheet. See note 2.5 for additional information. All other financial liabilities are recognised in the balance sheet.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__142-1": {
"value": "5.5 Concession for airport operations and charges regulationPursuant to section 1, \u00a755 of the Danish Air Navigation Act, special permission from the Minister for Transport is required for aerodrome operations. The permits for the aerodromes in Kastrup and Roskilde, issued by the Danish Transport Authority (DTA), are valid until 28 February 2030, at which time they must be renewed. Commission Regulation (EU) No 139/2014 also establishes requirements and administrative procedures related to aerodromes and aerodrome operators. On 22 December 2016, CPH received aerodrome certificates for Copen-hagen Airport and Roskilde Airport and common operator certificates from the DTA according to EU regulations. The certificates are valid indefinitely. The Minister for Transport may lay down regulations concerning the charges that may be levied on the use of an aerodrome (\u201ccharges regulation\u201d). The charges regulation for CPH was set out by the Danish Civil Aviation and Railway Authority (which has replaced the Danish Transport, Construction and Housing Authority) in BL 9-15, 5th edition, of 13 March 2023: \u201cRegulation on payment for use of airports (airport charges)\u201d. According to BL 9-15, the airlines and the airport are first requested to seek consensus on commercial terms on future airport charges for the coming regulatory period. If this is not possible, the Danish Civil Aviation and Railway Authority will set annual revenue caps, which comprise the maximum total amount the airport can apply for each of the two years as a basis for setting the charges for use of the aeronautical facilities and services (fall-back). If the charges are negotiated by the parties, the parties must also agree on the length of the coming regulatory period. The regulatory period is two years if the charges are not agreed between the parties. The parties can agree amongst themselves on the charges for a period of up to six years. BL 9-15 includes various rules on determining charges by negotiation and in the event of a fall-back situation. In a fall-back situation, the revenue caps will be determined to cover operating costs, depreciation and cost of capital for efficient operation of the airport. Based on the revenue caps, CPH is then required to prepare a proposal for the charges structure and price levels during the regulatory period, for approval by the Danish Civil Aviation and Railway Authority. BL 9-15 includes various rules on how to calculate these revenue caps. Specific rules when determining the structure and levels are cost relatedness, transparency and non-discrimination.In October 2023, CPH and the airlines entered into a charges agreement that was approved by the Danish Civil Avia-tion and Railway Authority and sets out the charges applicable for the period 1 January 2024 \u2013 31 December 2027.5.9 Definitions of financial key figuresAsset turnover rate Revenue divided by average operating assets1Cash earnings per share (CEPS)Net profit/(loss) for the year plus amortisation and depreciation divided by average number of sharesEarnings per share (EPS) Net profit/(loss) for the year divided by average number of sharesEBIT margin Operating profit/(loss) as a percentage of revenueEBITDA index Cash flow from operating activities before financial items and tax divided by EBITDAEBITDA margin Operating profit/(loss) adjusted for amortisation and depreciation as a percentage of revenueEquity ratio Equity at year-end as a percentage of total assets at year-endFree cash flow Free cash flow represents the cash generated after accounting for cash outflows relating to OPEX and CAPEX.Leverage ratio Net interest-bearing debt divided by EBITDANet asset value per share Equity at year-end divided by number of shares at year-end1NOPAT marginNet profit/(loss) for the year adjusted for net financial expenses after tax and changes in deferred tax for the year divided by revenueOne-off items One-off items comprise revenue and expenses of a non-recurring and an exceptional nature relative to CPH\u2019s operating activitiesPayout ratio Dividend divided by net profit/(loss) for the yearReturn on assets Operating profit/(loss) as a percentage of average operating assetsReturn on equity Net profit/(loss) for the year divided by average equity1ROCEEBIT divided by average equity plus non-current liabilities and current interest-bearing debtTurnover rate of Revenue divided by average equity plus average non-current liabilities and current inter-1capital employedest-bearing debtThe definitions of key financial figures are listed and calculated in accordance with the Danish Finance Society\u2019s online 1version of \u201dRecommendations & Financial Ratios\u201d, except those marked , which it does not include.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__143": {
"value": "5.6 Fees to the auditors appointed at the Annual General MeetingDKKm 2025 2024Audit fee to Deloitte 1.3 1.3Fees for assurance engagements other than audit 1.3 1.0Tax advice 0.2 0.1Non-audit services 0.3 0.5Total fees to the auditors 3.1 2.9In 2025, fees for services other than the statutory audit provided by Deloitte Statsautoriseret revisionsanspartssel-skab amounted to DKK 1.8 million, primarily relating to limited assurance of the Sustainability Statement including the EU Taxonomy, tax assist ance and review of regulatory statements, review of interim balance sheet, other assur-ance opinions and minor accounting services. In 2024, fees for services other than the statutory audit amounted to DKK 1.6 million, primarily related to limited assurance of the Sustainability Statement including EU Taxonomy, audit and review of regulatory statements, review of interim balance sheet and cybersecurity advisory services.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__144": {
"value": "5.7 Post-balance sheet eventsNo material events have occurred subsequent to the balance sheet date.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s9__7__145": {
"value": "5.8 Capital and EPSDKKm 2025 2024Net profit for the year 1,243 1,040EPS =Average number of outstanding shares (thousands) 7, 848 7, 84 8Net profit for the year 1,243 1,040EPS (diluted) =Average number of outstanding shares, fully diluted (thousands) 7,84 8 7,8 4 8",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:549300Z01GJGM7D3HQ74",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
}
}
}