DiscoveryCo ApSAktiv

DiscoveryCo ApS owns and operates one O&M jack-up vessel J/U WIND DISCOVERY. The vessel is capable of servicing turbines up to 10 MW. The company’s primary business is to provide jack-up services for major component replacements, including gearboxes, generators, blades, transformers, main bearings, main shafts, full rotors, etc.

Development in activites and economic position The company aquired J/U Wind Discovery in december 2024. The vessel has been on charter since May 2025. The income statement for the financial year 1 July 2024 - 31 December 2025 shows a net loss of EUR 5.5m. As it is the first financial year of the company there are no comparative figures. The result for the year is considered as dissatisfactory. The company experienced a major breakdown on the vessel due to damage of a wire on the main crane which rendered the vessel inoperational for approximately 3 months. The company has made a claim to its insurance company regarding losses incurred due to the off-hire period. Based on information available at the reporting date, management estimates that the company is entitled to a potential insurance compensation in the range of EUR 10-20m. The company has not recognised expected receivable compensation in the balance sheet but as a contingent asset. The breakdown on the vessel crane resulted in significant losses whereby the company has lost its share capital. Equity as at 31 December 2025 is negative with EUR 5.5m. Management expects to reestablish the capital through future earnings. To ensure adequate liquidity, the company has secured a bank credit facility of EUR 5m available for the financial year 2026. Management assesses the company’s ability to continue as a going concern to be met, and the financial statements have therefore been prepared on a going concern basis and no change

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