Company Performance - The financial performance for the first quarter of 2025 was satisfactory, with a net profit of DKK 1,249 million, an increase from DKK 1,005 million in Q1 2024, primarily driven by a net reversal of loan impairment charges [8][10][12] - The loan-to-value ratio fell to 51%, indicating strong credit quality of the loan portfolio [1] - Expenses decreased to DKK 223 million from DKK 278 million in Q1 2024, partly due to the final year of contributions to the Danish resolution fund [9] Market Conditions - Despite geopolitical and economic uncertainty, the Danish economy remains robust, with a decline in consumer confidence but supported by rising real income and a favorable labor market [2][15] - The housing market started well in 2025, with continued growth in activity and rising prices expected throughout the year [2] - The commercial real estate market showed steady expansion, with improved alignment of buyer and seller interests due to adjusted required rates of return reflecting higher interest rates [3][16] Lending and Financial Initiatives - Mortgage lending increased by DKK 1.1 billion in Q1 2025, with gross lending amounting to DKK 27.1 billion compared to DKK 23.2 billion in Q1 2024 [11] - The company has removed the additional margin on interest-only periods for new loans with a loan-to-value ratio below 60%, promoting a holistic view of personal finances [5] - There is significant potential for energy efficiency improvements in the Danish housing market, with around 10% of homeowners planning to enhance energy efficiency in the coming year [6][7] Climate Initiatives - Growing awareness among homeowners regarding climate change has led to new initiatives by Danske Bank to support homeowners in adapting their properties to climate effects, including fee-free loans [7] - In the commercial real estate sector, there is increasing momentum for energy efficiency improvements, with property owners actively addressing climate-related risks [8]

Table of Contents As filed with the Securities and Exchange Commission on October 27, 2023. Registration No. 333-274870 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SHIMMICK CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Steven E. Richards Shimmick Corporation 530 Technology Drive Suite 300 Irvine, CA 92618 (510) 777 ...