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Independent auditor’s report
To the shareholders of Agillic A/S
Statement on the Management's review
liquidate the Company or to cease operations, or has no
realistic alternative but to do so.
Management.
Management is responsible for the Management's
review.
•
Conclude on the appropriateness of Management's
use of the going concern basis of accounting in
preparing the financial statements and, based on
the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that
may cast significant doubt on the Company's ability
to continue as a going concern. If we conclude that
a material uncertainty exists, we are required to
draw attention in our auditor's report to the related
disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence
obtained up to the date of our auditor's report.
However, future events or conditions may cause the
Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and
contents of the financial statements, including the
note disclosures, and whether the financial
statements represent the underlying transactions
and events in a manner that gives a true and fair
view.
Opinion
We have audited the financial statements of Agillic A/S
for the financial year 1 January – 31 December 2025,
which comprise income statement, statement of
comprehensive income, statement of financial position,
statement of changes in equity, cash flow statement
and notes, including material accounting policy
information. The financial statements are prepared in
accordance with IFRS Accounting Standards as adopted
by the EU and additional requirements of the Danish
Financial Statements Act.
Auditor's responsibilities for the audit of the financial
statements
Our opinion on the financial statements does not cover
the Management's review, and we do not express any
assurance conclusion thereon.
Our objectives are to obtain reasonable assurance as to
whether the financial statements as a whole are free
from material misstatement, whether due to fraud or
error, and to issue an auditor's report that includes our
In connection with our audit of the financial statements,
our responsibility is to read the Management's review
and, in doing so, consider whether the Management's
review is materially inconsistent with the financial
statements, or our knowledge obtained during the audit,
or otherwise appears to be materially misstated.
opinion. Reasonable assurance is
a
high level of
assurance, but is not
a
guarantee that an audit
conducted in accordance with ISAs and additional
requirements applicable in Denmark will always detect a
material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of
users taken on the basis of the financial statements.
In our opinion, the financial statements give a true and
fair view of the financial position of the Company at
31 December 2025 and of the results of the Company's
operations and cash flows for the financial year
1 January – 31 December 2025 in accordance with IFRS
Accounting Standards as adopted by the EU and
additional requirements of the Danish Financial
Statements Act.
Moreover, it is our responsibility to consider whether the
Management's review provides the information required
under the Danish Financial Statements Act.
•
Based on our procedures, we conclude that the
Management's review is in accordance with the financial
statements and has been prepared in accordance with
the requirements of the Danish Financial Statements Act.
We did not identify any material misstatement of the
Management's review.
As part of an audit conducted in accordance with ISAs
and additional requirements applicable in Denmark, we
exercise professional
judgement
and maintain
professional scepticism throughout the audit. We also:
Basis for opinion
•
Identify and assess the risks of material
misstatement of the financial statements, whether
due to fraud or error, design and perform audit
procedures responsive to those risks and obtain
audit evidence that is sufficient and appropriate to
provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as
fraud may involve collusion, forgery, intentional
omissions, misrepresentations or the override of
internal control.
We communicate with those charged with governance
regarding, among other matters, the planned scope and
timing of the audit and significant audit findings,
including any significant deficiencies in internal control
that we identify during our audit.
We conducted our audit in accordance with
International Standards on Auditing (ISAs) and
additional requirements applicable in Denmark. Our
responsibilities under those standards and requirements
are further described in the "Auditor's responsibilities for
the audit of the financial statements" section of our
report. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis
for our opinion.
Management's responsibilities for the financial
statements
Management is responsible for the preparation of
financial statements that give a true and fair view in
accordance with IFRS Accounting Standards as adopted
by the EU and additional requirements of the Danish
Financial Statements Act and for such internal control as
Management determines is necessary to enable the
preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, Management is
responsible for assessing the Company's ability to
continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going
concern basis of accounting in preparing the financial
statements unless Management either intends to
Copenhagen, 26 February 2026
EY Godkendt Revisionspartnerselskab
CVR no. 30 70 02 28
Independence
•
•
Obtain an understanding of internal control relevant
to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the
effectiveness of the Company's internal control.
Evaluate the appropriateness of accounting policies
used and the reasonableness of accounting
estimates and related disclosures made by
Mikkel Sthyr
State Authorised
Public Accountant
mne26693
Ole Becker
State Authorised
Public Accountant
mne33732
We are independent of the Company in accordance
with the International Ethics Standards Board for
Accountants' International Code of Ethics for Professional
Accountants (IESBA Code) and the additional ethical
requirements applicable in Denmark, and we have
fulfilled our other ethical responsibilities in accordance
with these requirements and the IESBA Code.
Annual report 2025
20
