H1, 2025 Reporting

To Nasdaq OMX Copenhagen A/S

Company announcement no. 577

August 20^th, 2025

INTERIM REPORT JANUARY 1^ST, 2025 – JUNE 30^TH, 2025 (H1 2025)

The H1 2025 report of the fiscal year was reviewed and approved at the Board of Directors meeting.

Highlights

• Overall, the H1, 2025 came out stronger than expected and well ahead of H1, 2024. Topline, margins, bottom-line, and inventories have all improved against 2024, 1^st half.

However, Glunz & Jensen Holding A/S is currently not able to estimate or to conclude how the imposing of trade tariffs will affect the demand for equipment, spares, and services in the remaining part of 2025, and/or how the profitability of Glunz & Jensen will be affected accordingly.

• The revenue for H1 2025 amounted to DKK 74,5 million (H1 2024: DKK 64,9 million).

• The gross profit amounted to DKK 19,6 million in H1 2025 (H1 2024: DKK 15,0 million), the gross profit margin was 26,3% (H1 2024: 23,1%).
  • The improved margins are due to the implementation of Plan-2026 as described in the annual report for 2024. Plan-2026 includes operational consolidation, additional focus on purchase of parts and materials, additional focus on new markets, an updated go-to-market approach, new product launches, and organizational adjustments. Plan-2026 is on track.

• EBITDA for the period was DKK 9,5 million (H1 2024: DKK 4,1 million).
• Profit before tax for the period H1 2025 was DKK 6,3 million (H1 2024: DKK 1,0 million), corresponding to a result per share (EPS) at DKK 2,7 (H1 2024: DKK 0,4).

Glunz & Jensen continuously monitors its financial performance and will communicate an updated 2025 outlook (guidance) in the event of any material deviations from the already communicated outlook dated November 20^th, 2024.

Following the mandate received at the annual general meeting on April 9^th, 2025, Glunz & Jensen Holding A/S has initiated; “a formal review process, including market assessments, identifying potential buyers, and determining the best approach for a sale and initiate the actual selling of Selandia Park A/S, or the selling of assets (primarily the investment property) owned by Selandia Park A/S, and finalize the sale”. Glunz & Jensen Holding A/S will inform the market when substantial progress is made.

For further information please contact:

CEO Henrik Blegvad Funk: phone

Chairman of the board Flemming Nyenstad Enevoldsen: phone

Attachments