Core Points - The election of employee representatives to Tivoli A/S' Board of Directors was held on January 2, 2026, and was confirmed to be conducted lawfully [1] - Tue Krogh-Lund was re-elected as a Department Manager, and Thit Christensen was elected as a Team Leader to the Board [1] - The elected representatives will take their positions immediately after the Annual General Meeting scheduled for April 28, 2026 [1] Alternates - The first alternate elected is Operations Technician Bo Ragnvald [3] - The second alternate elected is Food & Beverage Area Manager Tanya Rasmussen [3] - The third alternate elected is Assistant Hugo Andersen [3]

Core Insights - Tivoli A/S reported lower attendance figures, revenue, and profits for the period of January 1 to September 30, 2025, compared to the same period in 2024, primarily due to fewer opening days and the absence of COVID-19 compensation income recognized in 2024 [1][5]. Financial Performance - Revenue for the first nine months of 2025 was DKK 886.5 million, a decrease of 1% from DKK 891.0 million in the previous year [5]. - EBITDA decreased by 16% to DKK 123.2 million from DKK 147.0 million year-over-year [5]. - Profit before tax fell by 44% to DKK 34.6 million compared to DKK 61.4 million in the same period last year [5]. - Attendance figures were 2,689 thousand visitors, down 2% from 2,737 thousand in the previous year, attributed to 5% fewer opening days [5]. Operational Highlights - Tivoli experienced a successful summer season despite challenges such as unstable weather, with 1.3 million guests visiting in the first half of 2025, one-third of whom were from international markets [2]. - The company is on track with its redevelopment of a new amusement area, set to open in summer 2026, which will include new attractions and culinary experiences [2]. - Anticipation for a well-attended late summer season and upcoming events, such as the Garden & Flower Festival, is high [2]. Outlook - Tivoli has increased its revenue expectations for 2025 to a range of DKK 1,325 million and profit before tax to around DKK 145 million, reflecting a strong start to the Halloween season and positive outlook for the Christmas season [3].

Company Performance - Tivoli A/S reported a revenue of DKK 445.0 million for the first half of 2025, a decrease of 2% compared to DKK 455.3 million in the same period last year [4] - The company recorded an EBITDA of DKK -17.8 million, worsening from DKK -6.3 million in the previous year [4] - Profit before tax was DKK -76.1 million, compared to DKK -63.5 million last year [4] - Attendance figures showed 1.3 million visitors, down 5% from 1.39 million in the first half of 2024 [4] Seasonal Insights - The summer season for Tivoli opened on April 4, 2025, which was two weeks later than in 2024 due to a later Easter [1] - Despite unstable weather and significant rainfall impacting outdoor operations, overall attendance met expectations [1][2] - Approximately one-third of the visitors were from international markets, indicating growing interest from European and U.S. markets [1] Future Outlook - Tivoli maintains its revenue expectations for 2025 in the range of DKK 1,300 million and profit before tax in the range of DKK 130 million [2] - The redevelopment of a new amusement area is on track to open in summer 2026, which will include new attractions and culinary experiences [1] - The company anticipates a well-attended late summer season, particularly looking forward to the upcoming Garden & Flower Festival at the end of August [1]

Group 1 - Augustinus Fonden, through its subsidiaries, owns 3,269,180 shares in Tivoli A/S, representing 57.19% of the total share capital and voting rights [1] - C.W. Obel A/S has reduced its shareholding to below 5% of the total share capital and voting rights in Tivoli A/S [2]

Group 1 - The Annual General Meeting of Tivoli A/S was held on April 24, 2025, where the annual report was approved, including a dividend distribution of 25% of the after-tax result, amounting to DKK 30.9 million, or DKK 5.4 per share for a nominal value of DKK 10 [1] - The remuneration report was approved, and the current members of the Board of Directors were re-elected, with Jesper Nygård elected as a new member [2] - Deloitte was elected as the auditor, with additional duties to include a statement on sustainability reporting in the management report [2] Group 2 - The Board of Directors elected Tom Knutzen as chairman and Jesper Nygård as deputy chairman at the subsequent meeting [3] - The authorization for the Board of Directors to acquire own shares was discussed [4] - The remuneration for the Board of Directors for 2025 was also addressed [4]