KØBENHAVN, DEN 20. OKTOBER 2025 FN8/2025 Kapitalforhøjelse – Konvertering af gæld til aktier FastPassCorp A/S’ bestyrelse har besluttet at udnytte aftalen indgået den 1. februar 2024 med to større aktionærer om konvertering af gæld til aktier i henhold til selskabets vedtægters §12.2. Aftalen sikrer selskabets likviditetsberedskab for 2025 og giver mulighed for konvertering af gælden til en kurs på 15 DKK pr. aktie. På tidspunktet for aftalens indgåelse udgjorde børskursen 14,5 DKK pr. aktie. Som følge af b ...

Core Viewpoint - The company has successfully restored its equity and reported strong order intake, maintaining expectations for a 15-20% growth in Annual Recurring Revenue (ARR) and an EBITDA of approximately DKK 2.1 million for the fiscal year 2025 [1]. Financial Performance - The company activated a deferred tax asset of DKK 6.6 million, contributing to a net profit of DKK 5.1 million, which helped turn equity from DKK -5.3 million at the beginning of the year to a positive amount by June 30, 2025 [2]. - The number of new customers increased by over 100% in the first half of 2025 compared to the entire fiscal year 2024, with gross profit rising to DKK 2.4 million from DKK 2.3 million in H1 2024 [4]. - EBITDA improved to DKK 444 thousand from a loss of DKK 53 thousand in H1 2024, although the increase in gross profit does not fully reflect the underlying growth due to higher sales costs being recognized as a percentage of first-year revenue [4]. Capital Structure - Major shareholders have committed to converting debt into equity, which is expected to add an additional DKK 2.9 million to the company's equity by December 1, 2025 [3]. - The ARR value increased from DKK 7.8 million to DKK 8.5 million, representing a 9% growth, with plans for increased expenses in 2025 to support anticipated growth [5]. Market Development - The global cybersecurity market is experiencing a significant increase in the complexity and intensity of attacks, with threat actors increasingly using generative AI tools for sophisticated social engineering methods [6]. - Regulatory requirements for implementing Zero Trust architecture and multi-factor authentication (MFA) are intensifying, prompting companies to invest more in solutions that enhance Identity and Access Management (IAM) [7]. - The company's market position reflects a strong demand for identity verification solutions, particularly in the wake of recent high-profile cyberattacks, leading to a notable increase in leads [10][11]. Customer Demand - The demand for identity verification in Service Desk operations is rising, often as a result of hacker attacks or penetration tests that reveal vulnerabilities [9]. - The company has seen a significant growth in leads, with the lead index rising from 100 in 2023 to 318 in 2025, indicating a strong upward trend in market interest [11].