Business
Audited annual report 2025 and profit allocation proposal
The council of Nordecon AS approved on 29 April 2026 the consolidated audited annual report and profit allocation proposal for the year 2025. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. The net loss attributable to the shareholders of the Company for the 2025 financial year amounts to -4,605 thousand euros. The retained profit of previous periods amounts to 4,746 thousand eu
About this update from Nordecon As
[{"type":"image","alt":"Nordecon","displaySize":"","headline":null,"caption":"Nordecon","className":"","disableSlideshowImg":false,"size":{"original":{"width":270,"height":34,"url":"https://media.zenfs.com/en/globenewswire.com/11a705190578b140dc25dee2c835826b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6tqzxx4ljEn_c9DfTdeGoQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTUz/https://media.zenfs.com/en/globenewswire.com/11a705190578b140dc25dee2c835826b","width":270,"height":34}},"lazy":false},{"type":"text","content":"The council of Nordecon AS approved on 29 April 2026 the consolidated audited annual report and profit allocation proposal for the year 2025. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders.","length":308,"tagName":"p"},{"type":"text","content":"The net loss attributable to the shareholders of the Company for the 2025 financial year amounts to -4,605 thousand euros. The retained profit of previous periods amounts to 4,746 thousand euros. To cover the net loss of the 2025 financial year on the account of the retained profit of the previous periods. To leave the retained profit of previous periods undistributed and not pay dividends to the shareholders. To not make any appropriations to the legal reserve or other reserves provided for by the law or the articles of association.","length":539,"tagName":"p"},{"type":"text","content":"The annual report that contains auditor’s report and profit allocation proposal for 2025 is attached to this announcement and made available on Nasdaq Tallinn Stock Exchange’s web page www.nasdaqbaltic.com and Nordecon’s web page www.nordecon.com.","length":247,"tagName":"p"},{"type":"text","content":"Compared to the preliminary financial results disclosed in the quarterly report published on 5 February 2026, a correction has been introduced in the audited annual report for 2025 in connection with a legal dispute involving the Group’s subsidiary SweNCN AB. On 17 March 2026, SweNCN AB and Nordecon AS entered into a settlement agreement with the customer, pursuant to which SweNCN AB shall pay the customer 70.33 million Swedish krona (approximately 6.5 million euros). Based on additional information obtained after the reporting date, management, in agreement with the auditor, revised its assessment and conc...