v3.25.4

Revenue (Tables) | 12 Months Ended
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Dec. 31, 2025
Revenue [abstract] |
Schedule of Revenue Recognized in Consolidated Statement of Profit or Loss | Revenue has been recognized in the consolidated statements of profit or loss with the following amounts:
(EUR’000) |  | 2025 |  |  | 2024 |  |  | 2023 |
Revenue |  |  |  |  |  |  |  |  |
Commercial products |  |  | 683,572 |  |  |  | 225,728 |  |  |  | 178,663 |
Services and clinical supply |  |  | 18,008 |  |  |  | 15,570 |  |  |  | 21,978 |
Licenses |  |  | 5,630 |  |  |  | 122,343 |  |  |  | 66,077 |
Milestones |  |  | 12,922 |  |  |  | — |  |  |  | — |
Total revenue |  |  | 720,132 |  |  |  | 363,641 |  |  |  | 266,718 |
Specified per geographical area |  |  |  |  |  |  |  |  |
United States (1) |  |  | 546,388 |  |  |  | 233,115 |  |  |  | 191,677 |
Europe (2) |  |  | 120,946 |  |  |  | 123,336 |  |  |  | 869 |
Rest of world (1) |  |  | 52,798 |  |  |  | 7,190 |  |  |  | 74,172 |
Total revenue |  |  | 720,132 |  |  |  | 363,641 |  |  |  | 266,718 |
(1) From 2025, revenue related to the United States has been disclosed separately. Comparatives for the United States and Rest of World have been restated for comparative purposes. (2) For the years ended December 31, 2025 and December 31, 2024, Denmark, the country of domicile, contributed with €12.9 million and €95.4 million of revenue, respectively. For the year ended December 31, 2023, no revenue was attributable to Denmark.
Schedule of Revenue Attributable to Commercial Customers by Product | Revenue from sale of commercial products were as follows:
(EUR’000) |  | 2025 |  | 2024 |  | 2023
Revenue from commercial products |  |  |  |  |  |
YORVIPATH® |  | 477,412 |  | 28,727 |  | —
SKYTROFA® |  | 206,160 |  | 197,001 |  | 178,663
Total revenue from commercial products |  | 683,572 |  | 225,728 |  | 178,663

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