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| ifrs-full:Assets | 2025-12-31 | 1381273000 | dkk |
| ifrs-full:Assets | 2024-12-31 | 1206544000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
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| ifrs-full:Revenue | 2025-01-01 | 2025-12-31 | 1279197000 | dkk |
| ifrs-full:Revenue | 2024-01-01 | 2024-12-31 | 1203783000 | dkk |
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<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx-1" id="f0__s9__7__5" xml:lang="en">ESGESG strategy and Approach....................................................................31Disclosure requirements and incorporation by reference....32Double materiality ASSESsMENT...........................................................33Environment..................................................................................................34Social................................................................................................................38Governance....................................................................................................42Board of directors.....................................................................................45Executive management..............................................................................46READER's GUIDENON-FINANCIAL DISCLOSURE REQUIREMENTS AS PER THE DANISH FINANCIAL STATEMENTs ACT*Topic Page ReferenceSection 99bBusiness model8-15Content of policies for sustainability, systems and due diligence processes results and KPIs:ESG strategy and approach31Environment34-37Social38-41Supplier management and anti-corruption44, 47Section 107DTarget figures for the management body43, 47Policy for promoting underrepresented gender and diversity at management level38-41Section 99DData ethics44* Covers TCM Group and all its subsidiaries.S12 Raw, S19 SandkornESG strategy and ApproachOur ESG strategy supports long-term value creation by embedding sustainability across all aspects of TCM Groupâs business. Anchored in our core values and brands, and guided by the UN Sustainable Development Goals, the strategy integrates sustainability throughout the value chain â from sourcing and production to after-sales and service â enabling TCM to manage risks, capture opportunities and strengthen its competitive position.The strategy outlines transformative targets to guide decisions and actions within three priority areas: ⢠Climate⢠Sustainable work life⢠Governance These priority areas reflect where TCM can create the greatest positive impact while effectively managing ESG-related risks and regulatory expectations. Through a structured and systematic approach, we aim to enhance operational resilience, support sustainable growth and strengthen relationships with customers, employees, business partners and investors.TCM Group is a signatory to the UN Global Compact and adheres to its Ten Principles on human rights, labour, the environment and anti-corruption. Following the Omnibus process, the Group no longer falls within the scope of the Corporate Sustainability Reporting Directive (CSRD). Although CSRD reporting is no longer required, the insights, data structures and methodologies developed during the preparation process have informed the Groupâs approach to the Voluntary Sustainability Reporting Standard for SMEs (VSME) and continue to support its ESG governance, risk management and reporting practices. EnviroNmentESocialSGovernanceGClimatesustainable work lifeGovernanceApproachReduce carbon footprint of own production and value chain following SBTi guidelinesMinimise and optimise resourcesBase new design on circular design principlesA safe and secure work environment that enhances personal developmentFlexibility to support a clear balance between individuals, teams and organisationDiversity and social commitmentPromote and enable responsible business conduct Conduct proper due diligence of suppliers and partnersFocusSBTi-approved target for reduction of scope 3 emissionsSafety culture: 0 accidents/1,000,000 working hours (LTIF)Gender equalityAttraction of talentContinuous development of the ESG policy framework and its integration into business operations and partnershipsFurther integration of ESG risks and opportunities into TCM's risk management frameworkGuiding principles§99bUN Global CompactVSME B3-B7, C3-C4 / ESRS E1§99bUN Global CompactVMSE B8-B10, C5-C7 / ESRS S1§99b, §107dUN Global CompactVSME B11, C8-C9 / ESRS G1Disclosure requirements and incorporation by referenceThe following table lists all the disclosure requirements of the Voluntary Sustainability Reporting Standard for SMEs (VSME) that have guided the preparation of our ESG statement. The table can be used to navigate to information relating to a specific disclosure requirement in the ESG statement.Disclosure requirementsGeneral disclosurespageB1Basis for preparation and other undertaking's general information15, 31-32, 48, 51B2Practices, policies and future initiatives for transitioning towards a more sustainable economy31 - 48C1Strategy: Business model and sustainability-related initiatives8-14, 17-20C2Description of practices, policies and future initiatives for transitioning towards a more sustainable economy31 - 48EnvironmentEB3Energy and greenhouse gas emissions34-37C3GHG reduction targets and climate transition34, 36-37C4Climate risks34B4Pollution of air, water and soilNot applicableB5BiodiversityNot materialB6Water37B7Resource use, circular economy and waste management35, 37SSocialpageB8Workforce â General characteristics40C5 Additional (general) workforce characteristics40B9Workforce â Health and safety38-39, 41B10Workforce â Remuneration, collective bargaining and training39-40C6Additional own workforce information - Human rights policies and processes38, 41C7Severe negative human rights incidents41GgovernanceB11Convictions and fines for corruption and bribery47C8Revenues from certain activities and exclusion from EU reference benchmarksNot applicableC9Gender diversity ratio in the governance body47Double materiality assessmentTCM Group's double materiality assessment (DMA)process evaluates how ESG factors affect TCMâs financial performance (outside-in) and how TCMâs operations impact society and the environment (inside-out), inspired by with CSRD and ESRS guidelines. It supports our ESG management system by balancing sustainability priorities with business objectives, driving continuous improvement and tracking progress across the Group.key steps in the processEstablishment of a working group: This is led by management and the ESG Steering Committee, with ongoing guidance from external sustainability consultants.Topic identification: A longlist of ESG topics was developed through research, benchmarking, internal surveys and documentation.Stakeholder engagement:Key stakeholders â including customers, employees, the Board, brands, investors, suppliers and experts â were consulted through workshops, questionnaires and interviews. Their feedback helped to refine and qualify the ESG topics.Materiality assessment:Topics were rated on impact, scale, scope, irremediability and likelihood. Scores were averaged and topics scoring 3.5 or higher were considered material, meaning they are significant to stakeholders or have substantial societal, environmental or financial implications.Review and approval: The outcome and conclusion of the DMA were approved by TCM Group's Executive Management and the Audit Committee. assessment of topicsThe topics represent risks as well as opportunities for TCM Group. The impact of fluctuating energy prices is an obvious risk, as is the use of materials/items that are hard to replace with better alternatives. Working with machinery, etc. always entails a risk of work-related accidents.We see an opportunity in circularity, as we are already using materials with a high degree of recycled content. We also see an opportunity in continuing our work with diversity. There are no identified material sustainability-related risks besides those related to impacts.Important topics such as waste, corruption, bribery and protection of whistleblowers do not feature as material topics in TCMâs DMA due to the low likelihood of incidents occurring thanks to mitigating actions taken by TCM to address these topics. These topics are considered of ongoing importance by TCM and will be continuously monitored to ensure that the processes in place are working. Based on current knowledge and methodology, the topic of biodiversity and ecosystems is not considered material given our value chain, geographical presence and use of raw materials. The materiality of these topics will be re-evaluated each year. material topicsOverview of TCM Group's material topics identified through our double materiality assessment1 Climate impact2 Health and safety3Diversity 4 Energy use and efficiency5 Circularity6 Corporate cultureWatchlistBiodiversity and ecosystemsEnvironmentWe take pride in the fact that all our products are designed and primarily manufactured in Denmark. Good craftsmanship is at the core of our production, complemented by a focus on quality and innovation. We recognise that operations carry environmental and climate-related risks and are committed to continuously reducing our climate impact, minimising production waste and increasing our recycling rate. TCM actively monitors and manages these risks to mitigate environmental impacts and enhance business resilience. EmissionsTCM Group has been committed to the Science Based Targets initiative (SBTi) since 2023. The Group has pledged to reduce its scope 1 and 2 emissions by 42% by 2030, using 2021 as the baseline year. In doing so, TCM Group is following a decarbonisation trajectory consistent with limiting the global temperature rise to 1.5°C above pre-industrial levels, in line with the goals of the Paris Agreement. Furthermore, TCM has committed to monitoring and reducing its scope 3 emissions, which have been mapped using 2023 as the baseline year. In 2025, our focus was on improving data validity and increasing the share of activity-based data, resulting in a better understanding of our scope 3 emissions. Going forward, we will continue to monitor these emissions and establish reduction targets to be approved by the SBTi. TCMâs scope 1 and 2 emissions account for only 1% of the companyâs total greenhouse gas (GHG) emissions. These emissions primarily originate from manufacturing sites and from the companyâs vehicle fleet, which includes cars and service vans. Despite representing a small share of total GHG emissions, TCM considers scope 1 and 2 emissions material because they result from operational activities that TCM can directly influence.Actions planned for 2025Actions undertaken in 2025What next? Reduce scope 1 and 2 emissions.Added more electric vehicles (EVs) to the car fleet. In 2025, 38% of our cars were EVs, compared to 21% in 2024.Non-fossil fleet of company cars by 2028.Improve data collection regarding scope 3 emissions.Define reduction targets and projects for scope 3.Improved data collection process. Baseline was updated to include a higher degree of activity-based data rather than spend-based data.All direct materials to be based on activity-based data.Define reduction targets and validate identified projects to reduce scope 3 emissions.Expand product portfolio covered by environmental product declarations (EPDs).Increased product portfolio covered by environmental product declarations (EPDs).Automate environmental data at project level.EmissionsScope 1 and 2 EmissionsTCM Group is committed to the Science Based Targets initiative (SBTi) and to reducing our scope 1 and 2 emissions by 42%, compared with our 2021 baseline year, by 2030. In 2025, we reduced our scope 1 and 2 emissions by 51% compared with our baseline year.Total scope 1, 2 and 3 emissionsOf TCM Group's total emissions, value chain emissions (scope 3) account for 99%. Purchased goods and services (category 1) account for more than 87% of total emissions. Category 1 emissions include emissions from direct raw materials, goods and services related to production as well as emissions related to third-party products such as white goods, worktops and mirrors. Distribution of CO2emissions (scope 1 and 2)The shift in the distribution of TCM Group's CO2emissions in 2025 is a result of the addition of more electric vehicles to the car fleet and the inclusion of Celebert and four branded stores.Transport13%18%Heating86%82%Electricity1%0%20252024Scope 1 and 2 emissionsIn 2025, TCM Groupâs absolute scope 1 and 2 GHG market-based emissions were 51% lower compared with the 2021 baseline year. However, there was a slight increase in emissions versus 2024, a result of expanding organisational boundaries as well as higher natural gas consumption due to increased activity and colder weather conditions. We are continuing to transition to district heating and electric heat pumps, and to phase out natural gas where this is feasible from an infrastructure and economic perspective. All electricity consumption related to manufacturing and administrative activities is covered by renewable energy certificates from wind and solar power.TCM has already achieved its SBTi 2030 target for scope 1 and 2 emissions.Going forward, our focus is on identifying further reductions potential, phasing out fossil-based energy and ensuring that emissions do not increase as a consequence of TCM's growth strategy. Electricity consumptionIn 2025, TCMâs electricity consumption increased by 2%. This increase was due to the transition towards an electricity-based system as a means to reduce our direct emissions, and to increased activities and expanding organisational boundaries. All electricity consumption related to manufacturing and administrative activities is covered by renewable electricity certificates. We continue to promote awareness of how daily habits and behaviour can impact energy efficiency at our production facilities. Company carsTCM operates a fleet of company cars consisting of 34 passenger vehicles and commercial vans. To reduce our impact, we have updated our company car policy to ensure that we transition to electric cars as existing vehicles are replaced.Resource use and waste managementTCM applies circular economy principles by promoting efficient resource use, minimising waste and extending material lifecycles. This is achieved by using recycled and recyclable materials where feasible, optimising production processes, and systematically reusing or recycling waste. Circularity considerations are integrated into procurement, product development and operational decisions.At TCM Group, all waste from manufacturing sites is sorted into material fractions to ensure the highest possible resource value. Wood waste is returned to the chipboard supplier and reused in the production of new chipboards for kitchen manufacturing. Usable wood is repurposed or supplied to local schools. TCM Group continues to prioritise waste reduction and responsible waste management across its operations and value chain in collaboration with suppliers and external partners. Scope 3 emissionsAs part of our commitment to the Science Based Targets initiative (SBTi), TCM Group has mapped its scope 3 emissions with 2023 as the baseline year. Scope 3 emissions refer to sources that are not directly owned or controlled by TCM Group. TCM Groupâs scope 3 emissions account for approximately 99% of its total emissions. Our value chain and the production of raw materials used for products produced by TCM Group are predominately based in Europe, where more than 90% of production occurs. In 2025, our scope 3 emissions comprised 102,411 tons CO2e, 4.5% lower than in our baseline year. In 2025, we worked closely with our suppliers to reduce reliance on spend-based emission factors and increase the use of activity-based data, providing improved insight into emissions associated with our operations. As a result, our scope 3 baseline has been updated accordingly.TCM has included third-party products, such as white goods, in our emissions calculations, and these account for more than 45% of our category 1 emissions. Changes in product mix and an increase in third-party products have a direct impact on our scope 3 emissions. Going forward, we will continue to work with our suppliers to identify reduction opportunities and to define an SBTi-approved reduction target for scope 3 emissions. The reduction of our scope 3 emissions will largely depend on our suppliers taking steps to reduce their own scope 1, 2 and 3 emissions. Our focus areas are direct materials and transportation.Environmental dataCO2emissions Accounting practices To monitor progress towards emission reduction targets, greenhouse gas emissions (expressed as carbon dioxide equivalent, CO2e) are reported annually. CO2e is categorised into three scopes according to the methodology of the Greenhouse Gas Protocol Corporate Standard (GHG Protocol). CO2emissions are calculated with reference to GRI 305 Emissions. The tracking of CO2e emissions is aligned with UNGC principles 7, 8 and 9.TCM Group does not use carbon credits to reduce CO2e emissions. Scope 1 â all direct emissionsScope 1 emissions are related to activities within TCMâs control. This includes transport using TCMâs vehicles (leased and owned cars) and direct emissions from TCMâs production. The CO2e emissions are based on the invoiced energy consumption per source. The CO2e factors applied are based on market statistics for petrol, diesel and LPG gas. The CO2e factors for natural gas are based on environmental declarations from the supplier. Scope 2 â indirect emissionsScope 2 emissions relate to indirect emissions resulting from TCMâs energy purchases, including electricity and heat. The CO2e emissions are based on the invoiced energy consumption per source. CO2e factors for district heating are derived from environmental declarations provided by the supplier. Electricity emissions (prior to 2023) are based on market-based environmental declarations. Electricity purchased is supported by green certificates. To ensure accurate tracking, electricity emissions are reported using both market-based and location-based methodologies. Scope 3 â other emissionsScope 3 emissions relate to sources that are not directly owned or controlled by TCM. These cover emissions from purchased goods and services (e.g. particleboards, edgeband, hinges, packaging and transport purchased from suppliers) as well as process waste from production sites, capital goods and emissions related to franchise stores. Our reported scope 3 inventory is based on the GHG Protocol, which is split into 15 subcategories (C1-C15): C1 - Purchased goods and services: Primary raw materials for products are calculated based on GHG emissions provided by subsuppliers. Other purchased goods and services are calculated as categorised spend data multiplied by relevant spend-category-specific emission factors.C2 - Capital goods: Categorised spend data multiplied by relevant spend-category-specific emission factors.C3 - Fuel- and energy-related activities: Calculated based on actual fuel consumption multiplied by relevant emission factors.C4 - Upstream transportation and distribution: Calculated based on A2 from TCM's verified environmental product declarations (MD-23121, MD-23122, MD-24065).C5 - Waste generated in operations: Calculated based on actual waste data multiplied by relevant emission factors. C6 - Business travel: Calculated based on milage allowances for employee travel in own cars and GHG emissions from air travel provided by our travel agent.C7 - Employee commuting: Calculated based on estimates of distance travelled and travel type. Estimated based on an internal employee survey. C12 - End-of-life (EOL) treatment of sold products: Product use and EOL are based on TCM's verified environmental product declarations (MD-23121, MD-23122, MD-24065).C14 - Franchises: Calculated based on activity data from franchise stores multiplied by relevant emission factors.C15 - Investments: Calculated based on activity data from Celebert ApS - based on TCM's 45% ownership of Celebert ApS in 2023 and 2024, but moved to scope 1 and 2 in 2025.Subcategories C8, C9, C10, C11 and C13 are not relevant for TCM Group.Uncertainties and estimatesWhere possible, activity-based data has been used as the basis for our scope 3 calculations. Where activity-based data has not been available, spend-based data has been used either based on âKlimakompassetâ or âEcoinventâ. Products categorised as third-party products, such as white goods and mirrors, which are included in deliveries to customers, are accounted for as raw materials and transport. However, they are excluded from our scope 3 emissions calculations after delivery to the end-customer. This exclusion also applies to the use of sold products and their end-of-life treatment, as these aspects are beyond our control and influence over their design and use. Employee commuting is based on an employee survey to define modes of transportation, distance travelled and average number of working days per year per employee. It is assumed that the per-employee averages from our baseline year remain applicable for the 2025 calendar year.Due to the acquisition of Celebert ApS on 25 November 2025, it has not been possible to update our scope 3 emissions to include Celebertâs full footprint or revise our scope 3 baseline.During 2025, TCM Group also acquired four branded stores at different times of the year. Scope 1 and 2 emissions from these stores have been included from the date of acquisition. The scope 1 and 2 emissions from two of the stores were previously counted in TCMâs scope 3 emissions as franchises. None of the storesâ scope 3 emissions are included in TCM Group's scope 3 emissions, as their primary activities relate to selling products produced by TCM Group.unit20252024202320222021CO2EmissionsCO2e, total scope 1tCO2e1,2351,1951,2151,2241,516VehiclestCO2e166222237227225Natural gastCO2e1,0689749899841,243OtherstCO2e0051247CO2, total scope 2, market-basedtCO2e2616168921,041Electric powertCO2e9008881,035District heatingtCO2e16161646CO2, total scope 2, location-basedtCO2e2352342958921,041Electric powertCO2e2192182798881,035District heatingtCO2e16161646CO2, total scope 1+2, market-basedtCO2e1,2601,2121,2312,1162,557CO2e intensity (revenue)ratio1.01.01.01.51.9CO2, total scope 3tCO2e102,546113,288106,987--Environmental dataEnergyIn 2025, TCM Group increased its electricity consumption by 2% as a result of its ongoing transition away from fossil-based energy consumption and the inclusion of consumption by Celebert and branded stores with temporary ownership. Accounting practices Energy consumption is based on invoiced consumption.Energy consumption by Celebert is included for the full year. Energy consumption by branded stores is included from the date of acquisition.The renewable energy share is allocated between TCM Group operations related to production and administration facilities, and branded stores with temporary ownership.Since 2023, energy consumption from TCM Group operations has been fully covered by renewable energy certificates from wind and solar power, resulting in a renewable energy share of 100%.Branded stores with temporary ownership are not covered by renewable energy certificates. For these stores, the renewable energy share is determined based on municipal average energy mixes, as defined in environmental declarations. The renewable energy share from 2023 has been covered by renewable energy certificates from wind and solar power, which brings the renewable energy share to 100%.The renewable energy share before 2023 is based on the standard energy market mix in Denmark (environmental declaration 2021). Electricity consumption is calculated as: electricity consumption [kWh] / net revenue [kDKK]unit202520242023EnergyEnergy consumption, totalMWh6,7146,6216,483Of which TCM Group related to operationsMWh6,6156,6216,483Of which branded storesMWh99--Renewable electricity%99.8100100Of which TCM Group related to operations%100100100Of which branded stores%87.9--Electricity consumption / revenueRatio5.35.55.3ResourcesWasteTCM Group continuously seeks to increase productivity, reduce waste throughout the production processes, and work with waste management and suppliers to reduce waste and improve waste handling. During 2025, we continued our efforts to sort waste to retain the highest possible value of the materials. The increase in waste volume is due to an increase in activity and a change in the product mix.Accounting practicesWaste volumes and disposal methods are weighted and reported by waste sorting and handling companies.Reference standard: GRI 306-5 Waste WaterTCM Group primarily uses water for sanitation and heating purposes, and we expect this to be relatively stable. Very limited amounts are used in production to support our lacquering processes, and any resulting wastewater is carefully separated and disposed of in the right manner. In 2025, water consumption increased by 12% compared with the previous year. The companyâs water stress has been assessed for all locations owned or leased with water withdrawal using the Water Risk Atlas (WRI Aqueduct Water Risk Atlas - Baseline Water Stress, Aqueduct 4.0). Locations with a score of 3.0 or above are classified as areas of high water stress. All locations within the operational boundary are classified as low water stress. Accounting practicesWater consumption covers all water purchased from external suppliers and is based on invoiced volume.Water withdrawal is based on invoiced volume. Branded stores are not included in either water consumption or water withdrawal. unit202520242023ResourcesWasteton4,3074,2374,165Recycling%93.291.794.2Energy recovery%5.26.54.1Landfill%0.00.00.0Hazardous waste%1.61.91.0WaterWater consumptionm36,9596,1386,881Water withdrawalm32,6274,6073,583SocialAt TCM Group, our continued success relies on our people. We are committed to fostering a safe, healthy working environment built on trust and respect where employees can thrive, develop and contribute to the organisationâs long-term success. Our approach is guided by three key principles:A safe and secure working environment that also enhances personal development. Flexibility to support a clear balance between work and private life, and between individuals, teams and organisation. Diversity and social commitment. Human and labour rights For over a decade, TCM Group has upheld its commitment to the UN Global Compact, demonstrating its dedication to human and labour rights. Key risks of non-compliance include potential employee discrimination or supplier practices that fall short of required standards.Our Employee Handbook and our Code of Conduct provide clear guidance to our employees and suppliers regarding human and labour rights. We implement robust systems and programmes to prevent violations and ensure accountability, adhering to Danish and international human rights standards and equality legislation. This guarantees fair employment and working conditions regardless of gender, ethnicity, religion or other personal circumstances.Mechanisms for addressing potential violations include our whistleblower hotline and internal controls, which allow employees and third parties to report concerns. We also conduct random supplier audits to ensure compliance with human and labour rights standards. For more information on our whistleblower hotline, see page 44.Safe working environment At TCM Group, we are committed to providing the best possible working environment. Safety is our top priority, and we place strong emphasis on building and maintaining a robust safety culture to ensure the well-being of our employees. This involves minimising risks and creating the best conditions for a healthy and safe workplace. Work safety has a significant impact not only on our employees, but also on their families, communities and the business as a whole.In 2021, TCM Group set a target of zero work-related accidents by 2025. Over the years, we have worked tirelessly not only to reduce the number of accidents, but also to foster a safety culture that includes the entire organisation. Although we have not yet achieved our zero-accidents target, we are pleased to report that we have made good progress.Monitoring and performance We monitor the occupational health and safety of our employees by collecting and analysing data on accidents, near-miss incidents and sickness absence. In 2025, we recorded a total of 14 reported accidents. None of these accidents resulted in absence from work. In some cases, however, affected employees were required to perform less strenuous tasks during their recovery.Near-miss reporting and preventive measuresNear-miss reporting is a key preventive tool used to identify risks and implement corrective actions before accidents occur. During 2025, the near-miss reporting process was digitalised, resulting in higher-quality incident reports, faster response times for mitigating actions, increased employee engagement and improved safety awareness.Social performance and progress0Absence ratio related to sickness in 20252.9%Number of accidents:Gender equality TCM Group's target for representation of the underrepresented gender on the Board of Directors is to be in line with the Danish Business Authorityâs definition of equal gender distribution. As of 31 December 2025 this target is achieved. Diversity Our aim is to ensure gender balance at all levels of our organisation, with the underrepresented gender making up at least 40%.Risk assessment and continuous improvementIncident analyses indicate that the majority of accidents are behaviour-related, often linked to employeesâ overeagerness to perform their tasks well or deviations from established safety procedures. To address this, all employees have participated in training designed to strengthen safety awareness and cultivate a safety-conscious culture. Management leads by example, conducting regular safety walks and organising âsafe startsâ after vacations.Based on these insights, TCM Group continues to prioritise behavioural safety initiatives and targeted preventive measures to reduce risk exposure.Outlook and commitmentsAlthough the zero-accidents ambition has not yet been fully realised, TCM Group remains committed to eliminating work-related accidents. In the coming year, the Group will further strengthen its focus on safety-related behaviours and reinforce the principle that personal safety always takes precedence over operational priorities. Occupational health and safety will remain a key focus area going forward.Focus on ongoing learning We continuously upskill our employees to enhance their value and keep their skills relevant within and beyond TCM Group. This is achieved through on-the-job training and personalised development plans created during annual reviews. We believe training is most effective when it is timely and can be immediately applied in practice.In addition to internal learning and development initiatives, we also support the development of sales staff for our brands and kitchen installers â an area that we are continuing to develop and strengthen. Tolerant workplace TCM Group takes responsibility for supporting the development of the next generation of qualified employees by providing opportunities to build relevant skills and gain practical work experience. On a regular basis, students from a wide range of educational institutions and at different stages of their studies are involved in projects with TCM Group. This contributes to the relevance of their education while providing insight into TCM Group as a potential workplace.Throughout the year, TCM Group also supports individuals who, for various reasons, require assistance with establishing themselves in the job market. The Group works systematically with apprentices across the organisation, and in 2025 employed 11 apprentices. In addition, TCM Group has increased its focus on recruiting individuals from diverse backgrounds to promote the benefits of diversity within the workplace.Furthermore, TCM Group is committed to creating positions with reduced working hours, where feasible, and continues to collaborate closely with municipalities to support job clarification and return-to-work processes for citizens.A talented and diverse workforce At TCM Group, we firmly believe that a diverse and inclusive working environment benefits both our business and society. We recognise and value the differences among our employees, as diverse teams, including management groups, foster better and more innovative collaboration. This leads to improved decision-making and promotes inclusiveness and tolerance throughout our organisation. We are committed to being a responsible workplace that recruits, promotes and develops employees based on individual competences while supporting diversity. Our recruitment, contracting, promotions and dismissals are conducted without consideration for gender, age, nationality, sexual orientation, physical ability, disability, political opinion, ethnicity, family status and religious or other beliefs. We strive for equitable representation of men and women in managerial positions, and promote diversity and inclusion through our policy, which is available on the TCM Group website. We continuously work to ensure equal opportunities for every employee, regardless of gender. As part of this effort, we emphasise equal terms and actively identify candidates of different genders when hiring new managers. We also aim for a workforce that balances younger and more experienced employees. Our focus extends to achieving sensible gender diversity within the Board of Directors, Executive Management and other management levels. TCM Group aims for a gender composition across Management and the total workforce where the underrepresented gender constitutes at least 40%. Currently, our Executive Management consists of five people, two of whom are female. At the second management level, the underrepresented gender comprises 24%, while in the overall management group it makes up 23%. Changes in the representation of the underrepresented gender at management level primarily reflect organisational adjustments, including the expansion of the management group in 2025 to support the integration of AUBO Production and Celebert. Progress towards a more balanced gender distribution across other management levels is expected to be made gradually as the organisation evolves and recruitment activities continue. TCM Group remains committed to achieving its gender diversity target by 2028.CASE: Ronald McDonald House â SvaneThrough our brands, TCM Group donates kitchens to support meaningful initiatives. One project we are particularly proud of is together with Svane Køkkenet, which contributed fully equipped kitchens and bathrooms to the Ronald McDonald House at Odense University Hospital. The house provides a home-away-from-home for families with hospitalised children, offering private rooms, shared kitchens and spaces for relaxation and play.Svane Køkkenet understands that thoughtful design is not just about aesthetics and functionality, but also about creating a safe and supportive environment when life presents challenges. That is why it is proud to have contributed furnishings to the Ronald McDonald House in support of its important mission.Social dataEmployeesData regarding employees reflects the composition of the workforce at TCM Group as of 31 December, including Celebert and branded stores. Changes in the composition of employees from 2024 to 2025 reflect the acquisition of Celebert and four branded stores.Accounting practicesNumber of employees is the total headcount of employees in the Group.Blue-collar and white-collar workers are calculated as percentages of the headcount. The number of employees who are on flex-job contracts or similar and trainee contracts are counted at the end of the year.Employee turnoverEmployee turnover is calculated as the number of employees leaving during a period divided by the total workforce at 31 December. Monitoring turnover helps TCM maintain a stable, skilled workforce and supports our commitment to sustainable human resource practices and long-term organisational resilience.Gender diversity for all employeesGender diversity refers to the proportion of women in relation to the total number of headcounts. The measurement of gender diversity, both for all employees and for Management, is based on headcounts as of 31 December 2025 and all historical years, and encompasses both white-collar and blue-collar workers.Gender diversity in managementThe measurement provides insight into the representation of women in management positions within the organisation. The Executive Management comprises the CEO, the CFO, the AUBO CEO, the Product & Marketing Director and the Supply Chain Director. The second management level comprises managers who report directly to the Executive Management. Other management levels comprise the overall management group at TCM, including the Executive Management and the second management level. The measure is provided on the basis of organisational hierarchy and responsibilities, and not registered executive management as of 31 december 2025. Gender diversity is measured with reference to GRI 405 Diversity and Equal Opportunity, and includes all TCM Group employees. Our work with diversity aligns with UNGC principles 3, 4, 5 and 6. Gender pay ratioAt TCM Group, it is our policy that equal jobs are rewarded with equal pay. Any differences in remuneration are based solely on objective criteria such as qualifications and experience. The gender pay gap is calculated for white-collar workers, excluding Executive Management. The pay gab analysis includes all companies owned by TCM Group as of 31 December 2025, including branded stores and Celebert. From 2026, the methodology for calculating the gender pay ratio will be revised to ensure compliance with applicable EU legislation on pay transparency and gender equality, including the EU Pay Transparency Directive. Consequently, data reported from 2026 onwards may not be directly comparable with figures disclosed in prior reporting periods.trainingTCM Group supports skill development through on-the-job training and personalised development plans. While training time is not formally tracked, we continuously adapt development initiatives to support employee growth and business needs.Minimum wages and collective bargainingAt TCM Group, all employees are compensated at or above the applicable minimum wage in accordance with national legislation or relevant collective bargaining agreements.unit20252024202320222021DiversityNumber of employees, as of 31 December#546481486482504Number of employees, Denmark#544----Number of employees, Norway#2----Permanent employees#533----Temporary employees#13----Blue-collar workers%62687077-White-collar workers%38323023-Flex jobs, etc.#1615215-Trainees, interns and apprentices#111212613Employee turnover%17.2216.9---Gender diversity overall, female/male%36/6434 / 6634 /6636 / 6432 /68Gender diversity, 1st-level management %40 (2 of 5)0 (0 of 2)0 (0 of 2)--Gender diversity, 2nd-level management %24 (5 of 21)44 (4 of 9)44 (4 of 9)--Gender diversity, other management levels, including 1st and 2nd levels%23 (5 of 22)28 (5 of 18)31 (5 of 16)28 (4 of 14)21 (3 of 14)Pay gap between genders, white-collarRatio m/f1.271.261.281.18-Distribution of employees by age group, under 30 years old%1310---Distribution of employees by age group, 30-50 years old%4141---Distribution of employees by age group, over 50 years old%4749---Social dataOccupational health and safety Accounting practicesSickness-related absenceSickness-related absence does not include absence due to sick children or maternity/paternity leave.AccidentsSick days resulting from work-related accidents include all days (24 hours) during which an employee is absent due to such accidents. The absence ratio is calculated as the number of absent working hours divided by the total number of working hours. The lost-time injury frequency measures the number of work-related incidents with absence per million working hours.The accident severity ratio serves as an indication of the type of injuries that we experienced.The number of near-miss work accidents registered during the financial year is also tracked. This registration serves as a measure to prevent accidents.Employee engagementTCM Group measures employee engagement through a voluntary engagement survey. The engagement score, based on a 5-point scale, is used to monitor engagement across several categories. The survey is normally conducted every two years. However, due to the continued focus on employee health and the integration of AUBO Production and Celebert, it was decided to conduct the survey in 2025 as well, providing an opportunity to track employee engagement more frequently.The engagement survey participation rate reflects the proportion of employees who completed the survey relative to the total number of employees.Branded stores are not included in the survey.Our work with occupational health and safety aligns with UNGC principles 3, 4, 5 and 6.Human rightsTCM Groupâs Code of Conduct provides clear guidance to employees regarding our commitment to human rights. Our policy explicitly addresses child labour, forced labour, human trafficking and discrimination.We confirm that there have been no confirmed severe negative incidents in the financial year 2025 within our own workforce, nor are we aware of any confirmed incidents involving workers in our value chain, affected communities, consumers or end-users.unit202520242023Occupational health and safetyAbsence ratio related to sickness %2.93.73.2Number of work accidents#141222Sick days caused by work accidents#03357Lost-time injury frequency (LTIF)09.311.5Absence ratio related to work accidents%00.00030.09Near-miss work accident registrations#9901,4001,232Employee engagement score(5-point scale)4.14.2-Engagement survey participation%8478-</mrv:StatementOfCorporateSocialResponsibility>
<mrv:LinkToStatementOfPolicyForDataEthics contextRef="ctx-32" id="f0__s9__7__6">investor-en.tcmgroup.dk/CorporateGovernance</mrv:LinkToStatementOfPolicyForDataEthics>
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<mrv:LinkToStatementOfDiversityPolicies contextRef="ctx-1" id="f0__s9__7__8">investor-en.tcmgroup.dk/CorporateGovernance</mrv:LinkToStatementOfDiversityPolicies>
<fsa:AverageNumberOfEmployees contextRef="ctx-1"
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id="f0__s9__7__201"
unitRef="pure">498</fsa:AverageNumberOfEmployees>
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<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-1" id="f0__s9__7__203" xml:lang="en">Management Statement on the annual reportThe Board of Directors and the Executive Management have today considered and adopted the Annual Report for the financial year 1 January 2025 â 31 December 2025. The Consolidated Financial Statements and the Parent Company Financial Statements have been prepared in accordance with IFRS Accounting Standards as adopted by the EU and fur-ther requirements in the Danish Financial Statements Act.In our opinion, the Consolidated Financial Statements and the Parent Company Financial Statements give a true and fair view of the Groupâs and the Parent Companyâs financial position at 31 December 2025 as well as of the results of their operations and the cash flows for the period 1 January 2025 â 31 December 2025.In our opinion, the Management Review includes a true and fair account of the development in the operations and financial circumstances of the Group and the Parent Company, of the results for the year, and of the financial position of the Group and the Parent Company as well as a description of the most significant risks and elements of uncertainty facing the Group and the Parent Company. In our opinion, the Annual Report of TCM Group A/S for the financial year 1 January to 31 December 2025 with the file name tcm-group-2025-12-31-en.zip has been prepared, in all material respects, in compliance with the ESEF Regula-tion. We recommend that the Annual Report be adopted at the Annual General Meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<sob:PlaceOfSignatureOfStatement contextRef="ctx-1" id="f0__s9__7__204" xml:lang="en">Holstebro</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx-1" id="f0__s9__7__205">2026-02-26</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-33" id="f0__s9__7__206" xml:lang="en">Torben Paulin</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-33" id="f0__s9__7__207" xml:lang="en">Chief Executive Officer</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-34" id="f0__s9__7__208" xml:lang="en">Anders Tormod Skole-Sørensen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-35" id="f0__s9__7__210" xml:lang="en">Søren Mygind Eskildsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-36" id="f0__s9__7__212" xml:lang="en">Pernille Wendel Mehl</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-34" id="f0__s9__7__209" xml:lang="en">Chair</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-35" id="f0__s9__7__211" xml:lang="en">Deputy Chair</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-37" id="f0__s9__7__213" xml:lang="en">Jan Amtoft</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-38" id="f0__s9__7__214" xml:lang="en">Erika Hummel</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-39" id="f0__s9__7__215" xml:lang="en">Björn Johan Olsson Lissner</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="f0__s9__7__217" xml:lang="en">To the shareholders of TCM Group A/S </arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-1" id="f0__s9__7__218" xml:lang="en">Our opinionIn our opinion, the Consolidated Financial Statements and the Parent Company Financial Statements give a true and fair view of the Groupâs and the Parent Companyâs financial position at 31 December 2025 and of the results of the Groupâs and the Parent Companyâs operations and cash flows for the financial year 1 January to 31 December 2025 in accordance with IFRS Accounting Standards as adopted by the EU and further requirements in the Danish Financial Statements Act.Our opinion is consistent with our Auditorâs Long-form Report to the Audit Committee and the Board of Directors.What we have auditedThe Consolidated Financial Statements and Parent Company Financial Statements of TCM Group A/S for the financial year 1 January to 31 December 2025 comprise income statement and statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, including material accounting policy informa-tion for the Group as well as for the Parent Company. Collectively referred to as the âFinancial Statementsâ.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-1" id="f0__s9__7__219" xml:lang="en">Basis for opinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional require-ments applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditorâs 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.IndependenceWe are independent of the Group in accordance with the International Ethics Standards Board for Accountantsâ Inter-national Code of Ethics for Professional Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities, and the additional ethical requirements applicable in Denmark. We have also fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.To the best of our knowledge and belief, prohibited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014 were not provided. AppointmentWe were first appointed auditors of TCM Group A/S on 5 April 2022 for the financial year 2022. We have been reap-pointed annually by shareholder resolution for a total period of uninterrupted engagement of 4 years including the financial year 2025. </arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-1" id="f0__s9__7__220" xml:lang="en">Key audit mattersKey audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Financial Statements for 2025. These matters were addressed in the context of our audit of the Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.Key audit matterHow our audit addressed the key audit matterAcquisition of the remaining equity interest in Celebert ApS The remaining 55% of the shares in Celebert ApS were acquired with accounting effect as of 25 November 2025. When obtaining control of Celebert ApS, TCM Group A/S prepared a purchase price allocation (âPPAâ) for the acquisition, resulting in assets and liabilities being separately recognised and valued in the opening balance. In order to determine the fair value of the separately identified assets and liabilities in a business combination, the valuation methodologies require input based on assumptions about the future and applied discounted cash flow forecasts, including WACC and growth in revenue and profit margin. The significant estimates mainly relate to assessing the fair value of acquired Design rights and brand/Domain value. We focused on the PPA because of the significance of the amounts and because the PPA requires significant judgements and estimates by Management.Reference is made to note 26 in the Consolidated Financial Statements. Our audit procedures included assessing the appropriateness of the accounting policies for business combinations applied by Management and assessing compliance with applicable financial reporting standards.We challenged and assessed the completeness of identified assets and liabilities assumed as part of the PPA.We involved our internal specialists in assessing the valuation methodologies and WACC used by management and the valuation of the acquired assets and liabilities.We challenged the significant assumptions used to determine the fair value of the acquired assets and liabilities in the business combination, including the fair value of acquired Design rights and brand/Domain value. Finally, we assessed the adequacy of disclosures relating to the business combination. Key audit matterHow our audit addressed the key audit matterImpairment test of goodwill and brandAt 31 December 2025 the Groupâs intangible assets amount to DKK 872,081 thousand primarily related to goodwill of DKK 519,748 thousand and brand of DKK 219,356 thousand.Impairment tests related to goodwill and brand include significant judgement and estimation by Management, including determination of future growth rates for revenue, profit margins and investments in the budget and forecast periods, as well as royalty rate and discount rate.We focused on impairment tests related to goodwill and brand as impairment tests are complex and associated with subjectivity in the determination of significant assumptions and data used.We refer to note 12 in the consolidated financial statements.We considered the appropriateness of the accounting policies for assessing the recoverability of the carrying amount of goodwill and brand.Our audit procedures included assessment of the applied impairment model with focus on significant assumptions in determination of future cash flows, including growth rates for revenue, profit margins and investments in the budget and forecast periods, as well as royalty rate and discount rate used.We assessed sensitivity analysis performed by Management to evaluate the impact of reasonable changes in key assumptions.Further, we evaluated the accuracy in Managementâs estimates by comparing the budget for 2025 with actual figures.We also assessed the appropriateness of the disclosures related to impairment tests.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="f0__s9__7__221" xml:lang="en">Statement on the Management ReviewManagement is responsible for Managementâs Review.Our opinion on the Financial Statements does not cover Managementâs Review, and we do not express any form of assur-ance conclusion thereon. In connection with our audit of the Financial Statements, our responsibility is to read Managementâs Review and, in doing so, consider whether Managementâs Review is materially inconsistent with the Financial Statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. Moreover, we considered whether Managementâs Review includes the disclosures required by the Danish Financial State-ments Act.Based on the work we have performed, in our view, Managementâs Review is in accordance with the Consolidated Finan-cial Statements and the Parent Company Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Managementâs Review.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-1" id="f0__s9__7__222" xml:lang="en">Managementâs responsibilities for the Financial StatementsManagement is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with IFRS Accounting Standards as adopted by the EU and fur-ther requirements in 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 Groupâs and the Parent Compa-nyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-1" id="f0__s9__7__223" xml:lang="en">Auditorâs responsibilities for the audit of the Financial StatementsOur objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Rea-sonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the 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 these Financial Statements.As part of an audit in accordance with ISAs and the additional requirements applicable in Denmark, we exercise pro-fessional judgement and maintain professional scepticism throughout the audit. We also: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.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 Groupâs and the Parent Companyâs internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.Conclude on the appropriateness of Managementâs use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Groupâs and the Parent Companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs 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 auditorâs report. However, future events or conditions may cause the Group or the Parent Company to cease to continue as a going concern.Evaluate the overall presentation, structure and content of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view.Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for forming an opinion on the Consolidated Financial Statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. 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 also provide those charged with governance with a statement that we have complied with relevant ethical require-ments regarding independence, and to communicate with them all relationships and other matters that may reasona-bly be thought to bear on our independence and, where applicable, actions taken to eliminate threats or safeguards applied.From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditorâs report unless law or regulation precludes public disclosure about the matter.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-1" id="f0__s9__7__224" xml:lang="en">Report on compliance with the ESEF RegulationAs part of our audit of the Financial Statements we performed procedures to express an opinion on whether the annual report of TCM Group A/S for the financial year 1 January to 31 December 2025 with the filename tcm-group-2025-12-31-en.zip is prepared, in all material respects, in compliance with the Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF Regulation) which includes requirements related to the preparation of the annual report in XHTML format and iXBRL tagging of the Consolidated Financial Statements including notes.Management is responsible for preparing an annual report that complies with the ESEF Regulation. This responsibil-ity includes:The preparing of the annual report in XHTML format;The selection and application of appropriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring thereof to elements in the taxonomy, for all financial information required to be tagged using judgement where necessary;Ensuring consistency between iXBRL tagged data and the Consolidated Financial Statements presented in human-readable format; andFor such internal control as Management determines necessary to enable the preparation of an annual report that is compliant with the ESEF Regulation.Our responsibility is to obtain reasonable assurance on whether the annual report is prepared, in all material respects, in compliance with the ESEF Regulation based on the evidence we have obtained, and to issue a report that includes our opinion. The nature, timing and extent of procedures selected depend on the auditorâs judgement, including the assessment of the risks of material departures from the requirements set out in the ESEF Regulation, whether due to fraud or error. The procedures include:Testing whether the annual report is prepared in XHTML format;Obtaining an understanding of the companyâs iXBRL tagging process and of internal control over the tagging process;Evaluating the completeness of the iXBRL tagging of the Consolidated Financial Statements including notes;Evaluating the appropriateness of the companyâs use of iXBRL elements selected from the ESEF taxonomy and the creation of extension elements where no suitable element in the ESEF taxonomy has been identified; Evaluating the use of anchoring of extension elements to elements in the ESEF taxonomy; andReconciling the iXBRL tagged data with the audited Consolidated Financial Statements.In our opinion, the annual report of TCM Group A/S for the financial year 1 January to 31 December 2025 with the file name tcm-group-2025-12-31-en.zip is prepared, in all material respects, in compliance with the ESEF Regulation.</arr:AuditorsReportOnXbrlTagging>
<arr:SignatureOfAuditorsPlace contextRef="ctx-1" id="f0__s9__7__225" xml:lang="en">Aarhus</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx-1" id="f0__s9__7__226">2026-02-26</arr:SignatureOfAuditorsDate>
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<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-40" id="f0__s9__7__229">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-41" id="f0__s9__7__230">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-40" id="f0__s9__7__231" xml:lang="en">Claus Lindholm Jacobsen </cmn:NameAndSurnameOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-41" id="f0__s9__7__234" xml:lang="en">Claus Lyngsø Sørensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-40" id="f0__s9__7__232" xml:lang="en">State Authorised Public Accountant </cmn:DescriptionOfAuditor>
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<cmn:IdentificationNumberOfAuditor contextRef="ctx-40" id="f0__s9__7__233">mne23328</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-41" id="f0__s9__7__236">mne34539</cmn:IdentificationNumberOfAuditor>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-1" id="f0__s1__72__15">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-1" id="f0__s1__72__16">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
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<gsd:ReportingPeriodStartDate contextRef="ctx-1" id="f0__s1__72__20">2025-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-1" id="f0__s1__72__21">2025-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-1" id="f0__s1__72__22">2024-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx-1" id="f0__s1__72__23">2024-12-31</gsd:PredingReportingPeriodEndDate>
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