74Software Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	657.21	461.88	318.98	314.03	285.55	297.23
Revenue Growth (YoY)	103.99%	44.80%	1.57%	9.98%	-3.93%	-0.91%
Cost of Revenue	498.76	345.7	231.62	242.49	227.45	249.14
Gross Profit	158.45	116.18	87.35	71.54	58.1	48.1
Selling, General & Admin	26.38	16.42	12.08	14.21	13.41	4.14
Amortization of Goodwill & Intangibles	13.01	8.56	3.2	5.5	8.63	8.16
Other Operating Expenses	4.19	2.48	4.37	-0.28	3.77	0.55
Operating Expenses	70.38	45.26	35.67	34.23	40.91	30.58
Operating Income	88.07	70.92	51.69	37.31	17.19	17.52
Interest Expense	-19.54	-13.38	-4.79	-2.11	-1.37	-1.47
Interest & Investment Income	3.18	3.22	0.17	0.04	0.07	0.06
Currency Exchange Gain (Loss)	-3.64	-3.38	0.94	1.89	0.64	-2.5
Other Non Operating Income (Expenses)	-1.46	-0.58	-0.73	-0.8	-0.02	-0.03
EBT Excluding Unusual Items	66.61	56.8	47.27	36.33	16.51	13.57
Merger & Restructuring Charges	-15.97	-9.72	-3.8	-	-	-
Impairment of Goodwill	-	-	-	-77.3	-	-
Other Unusual Items	-0.44	-0.44	-0.69	-6.49	-	-
Pretax Income	50.2	46.65	42.79	-47.46	16.51	13.57
Income Tax Expense	7.92	7.4	6.95	-7.41	6.91	5.1
Earnings From Continuing Operations	42.28	39.25	35.83	-40.05	9.6	8.48
Minority Interest in Earnings	-0.11	-0.08	-0.01	0	0	-0
Net Income	42.17	39.17	35.83	-40.05	9.6	8.48
Net Income to Common	42.17	39.17	35.83	-40.05	9.6	8.48
Net Income Growth	20.73%	9.32%	-	-	13.29%	56.82%
Shares Outstanding (Basic)	28	23	21	22	22	21
Shares Outstanding (Diluted)	28	24	22	22	22	22
Shares Change (YoY)	33.09%	12.06%	-0.12%	-3.51%	0.27%	0.80%
EPS (Basic)	1.53	1.67	1.71	-1.85	0.45	0.40
EPS (Diluted)	1.48	1.62	1.66	-1.85	0.43	0.38
EPS Growth	-9.34%	-2.41%	-	-	13.16%	58.33%
Free Cash Flow	82.46	19.77	29.72	10.64	10.12	4.38
Free Cash Flow Per Share	2.90	0.82	1.38	0.49	0.45	0.20
Dividend Per Share	-	-	-	0.400	0.400	0.400
Gross Margin	24.11%	25.15%	27.39%	22.78%	20.34%	16.18%
Operating Margin	13.40%	15.35%	16.20%	11.88%	6.02%	5.90%
Profit Margin	6.42%	8.48%	11.23%	-12.75%	3.36%	2.85%
Free Cash Flow Margin	12.55%	4.28%	9.32%	3.39%	3.54%	1.47%
EBITDA	114.5	83.95	59.29	47.36	30.66	30.7
EBITDA Margin	17.42%	18.18%	18.59%	15.08%	10.74%	10.33%
D&A For EBITDA	26.43	13.03	7.6	10.05	13.47	13.18
EBIT	88.07	70.92	51.69	37.31	17.19	17.52
EBIT Margin	13.40%	15.35%	16.20%	11.88%	6.02%	5.90%
Effective Tax Rate	15.78%	15.86%	16.25%	-	41.86%	37.54%
Advertising Expenses	-	4	2.29	4.35	4.94	4.14

Source: S&P Global Market Intelligence. Standard template. Financial Sources.