major European Prime contractors in their efforts  
					to capture upcoming missions within space  
					exploration, earth observation, communication  
					and other critical infrastructure as showcased by  
					our ongoing contracts across the spectrum of  
					missions withing Science, Exploration, Earth  
					Observation, Telecoms and Defense.  
					2024/25, the first UMB SCOE delivered by mid-  
					February and the two others during summer 2025.  
					The European Commission Copernicus programme  
					provides vital data from satellites which help  
					address challenges such as urbanisation, food  
					security, rising sea levels, diminishing polar ice,  
					natural disasters and, of course, climate change.  
					Rovsing has contributed to many of the current  
					suite of Sentinel satellite missions. Looking to the  
					future, the capabilities of the Copernicus space  
					component will be enhanced by six new satellites  
					(CO2M, LSTM, CHIME, ROSE-L, CIMR and  
					CRISTAL), currently being developed by ESA and  
					built by European industry. Rovsing has already  
					secured multiple contracts and is working on 4 out  
					of 6 satellites with different primes (LSTM, ROSE-  
					L, CIMR and CRISTAL). The tendering phase for the  
					continuation of the Sentinel missions under the  
					Copernicus space component has also begun, with  
					Rovsing already responding to several tenders.  
					8
					The Rovsing team continued work on the large  
					Galileo Second Generation (G2G) EGSEs project for  
					customer Thales Alenia Space (TAS) Italy. Several  
					deliveries and milestones were completed during  
					2024/25. The project is in a recurring system  
					delivery phase. However, during the financial year  
					replanning showed that due to the already incurred  
					extensive delays on the programme, the efforts  
					needed to complete the project and with increased  
					cost of materials since the contract start, the  
					impact on projected profitability is negatively  
					impacted. The Company seeks to have these  
					additional costs recovered by the customer and  
					expects to have an agreement in place before final  
					deliveries in 2025/26.  
					Airbus DS selected Rovsing to deliver the Power  
					SCOEs as well as the Power Front-Ends for the  
					Copernicus CRISTAL and LSTM missions. The 2  
					sets of Power Front-End systems were shipped to  
					Airbus DS in 2023. The 1st set for the Power SCOE  
					project was successfully delivered to Airbus DS in  
					Germany in early September 2024. And the 2nd set  
					delivered to Airbus DS Spain in December 2024.  
					The Mars Sample Return (MSR) Earth Return  
					Orbiter (ERO) Electrical Satellite Interface  
					Simulator (E-SIS) for Airbus DS has seen several  
					stoppage periods due to programme level changes  
					for the MSR mission. The E-SIS systems are  
					completed and are being stored by Rovsing until  
					the needed MSR mission changes are agreed by  
					ESA and NASA.  
					In June 2023, Rovsing and customer TAS-I  
					conducted the successful Kick-off of the CIMR  
					UMB/COTE SCOE project, however due to  
					progamme changes the project has been on hold  
					but is expected to resume during 2025/26.  
					Rovsing is performing the Independent SW  
					Validation  
					&
					Verification (ISVV) of the Jena-  
					Optronik LIDAR, for the MSR-ERO mission. In  
					addition, Rovsing has an ISVV contract performing  
					the OBC-GNC ISVV with our partner Critical  
					Software. The ISVV projects on MSR-ERO are  
					expected to be completed in 2025.  
					The ROSE-L Power EGSEs were awarded to  
					Rovsing by TAS-I in July 2023. The project was on  
					hold awaiting changes from the customer until the  
					autumn of 2024. The PDR was concluded  
					successfully in March 2024. The CDR has been  
					conducted, and the first deliveries are expected  
					during 2025/26.  
					Rovsing involvement as key contributor to the MSR  
					programme for the E-SIS and multiple ISVV tasks  
					showcases the capabilities and reliability of  
					Rovsing on flagship ESA and NASA exploration  
					programmes.  
					Rovsing is supporting Airbus DS on the ARIEL  
					mission by providing the Satellite Interface  
					Simulators (SIS). The two reduced sets were  
					delivered in early 2024. The two full sets completed  
					their test campaigns during the summer and the  
					first shipped in the autumn. The final set was  
					shipped to Airbus DS during March 2025.  
					For the PLATiNO programme and customer  
					SITAEL S.p.A in Italy, Rovsing has delivered UMB  
					SCOE systems but remained to deliver a MiniCOTE  
					system, the system was ready, pending harness  
					definitions from the customer. This remaining  
					system was finally delivered during summer 2025.  
					SITAEL contracted Rovsing with further deliveries  
					of SAS and SLP products the first set of which was  
					delivered during the summer 2024 with remaining  
					sets delivered in autumn 2024 and beginning of  
					2025. A follow-on contract for additional UMB  
					SCOEs was awarded to Rovsing with deliveries in  
					Rovsing has in August 2024 delivered the FORUM  
					Platform Emulator SCOE to OHB. FORUM is an  
					ESA mission which will measure Earth’s outgoing  
					radiation in the far-infrared part of the  
					electromagnetic spectrum that has never been  
					measured from space before. Rovsing has a 2nd