Strategic Investments Ratios and Metrics

Market cap in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	291	287	433	518	408	405
Market Cap Growth	-28.10%	-33.77%	-16.36%	26.76%	0.83%	12.15%
Enterprise Value	243	252	294	290	281	277
Last Close Price	0.69	0.71	1.05	1.25	1.11	1.08
PE Ratio	4.71	4.82	-	12.04	12.24	6.08
PS Ratio	3.74	3.69	-2.96	9.12	8.91	29.88
PB Ratio	0.78	0.77	1.37	1.06	1.05	1.12
P/TBV Ratio	0.78	0.77	1.37	1.06	1.05	1.12
P/OCF Ratio	-	-	-	-	6.07	5.89
EV/Sales Ratio	3.13	3.24	-	5.11	6.12	20.45
EV/EBIT Ratio	3.56	3.68	-	6.12	7.06	37.08
Debt / Equity Ratio	0.20	0.20	0.16	0.12	0.24	0.23
Net Debt / Equity Ratio	-0.13	-0.13	-0.19	-0.40	-0.35	-0.34
Asset Turnover	0.19	0.19	-	0.11	0.10	0.03
Quick Ratio	1.98	1.98	3.69	4.08	2.35	2.27
Current Ratio	2.00	2.00	4.65	4.26	2.49	2.31
Return on Equity (ROE)	17.31%	17.31%	-41.23%	9.82%	8.88%	19.64%
Return on Assets (ROA)	10.31%	10.31%	-20.92%	5.71%	5.26%	1.06%
Return on Invested Capital (ROIC)	21.73%	21.79%	-56.49%	17.37%	14.82%	3.09%
Return on Capital Employed (ROCE)	17.30%	17.30%	-45.10%	9.70%	10.20%	2.10%
Earnings Yield	20.45%	20.76%	-38.27%	8.31%	8.17%	16.45%
Dividend Yield	2.88%	2.82%	1.90%	1.60%	1.81%	1.85%
Payout Ratio	13.56%	13.56%	-	15.80%	20.24%	10.13%
Buyback Yield / Dilution	-1.03%	-1.03%	-17.72%	-0.54%	-	-
Total Shareholder Return	1.85%	1.79%	-15.83%	1.06%	1.81%	1.85%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.