74Software Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	707.22	461.88	318.98	314.03	285.55
Revenue Growth (YoY)	53.12%	44.80%	1.57%	9.98%	-3.93%
Cost of Revenue	572.81	345.7	231.62	242.49	227.45
Gross Profit	134.42	116.18	87.35	71.54	58.1
Selling, General & Admin	-	16.42	12.08	14.21	13.41
Amortization of Goodwill & Intangibles	12.29	8.56	3.2	5.5	8.63
Other Operating Expenses	21.31	2.48	4.37	-0.28	3.77
Operating Expenses	61.13	45.26	35.67	34.23	40.91
Operating Income	73.28	70.92	51.69	37.31	17.19
Interest Expense	-16.68	-13.38	-4.79	-2.11	-1.37
Interest & Investment Income	-	3.22	0.17	0.04	0.07
Currency Exchange Gain (Loss)	-	-3.38	0.94	1.89	0.64
Other Non Operating Income (Expenses)	-3.62	-0.58	-0.73	-0.8	-0.02
EBT Excluding Unusual Items	52.99	56.8	47.27	36.33	16.51
Merger & Restructuring Charges	-	-9.72	-3.8	-	-
Impairment of Goodwill	-	-	-	-77.3	-
Other Unusual Items	-	-0.44	-0.69	-6.49	-
Pretax Income	52.99	46.65	42.79	-47.46	16.51
Income Tax Expense	12.23	7.4	6.95	-7.41	6.91
Earnings From Continuing Operations	40.76	39.25	35.83	-40.05	9.6
Minority Interest in Earnings	-	-0.08	-0.01	0	0
Net Income	40.76	39.17	35.83	-40.05	9.6
Net Income to Common	40.76	39.17	35.83	-40.05	9.6
Net Income Growth	4.07%	9.32%	-	-	13.29%
Shares Outstanding (Basic)	29	23	21	22	22
Shares Outstanding (Diluted)	30	24	22	22	22
Shares Change (YoY)	23.78%	12.06%	-0.12%	-3.51%	0.27%
EPS (Basic)	1.39	1.67	1.71	-1.85	0.45
EPS (Diluted)	1.36	1.62	1.66	-1.85	0.43
EPS Growth	-16.05%	-2.41%	-	-	13.16%
Free Cash Flow	84.06	19.77	29.72	10.64	10.12
Free Cash Flow Per Share	2.81	0.82	1.38	0.49	0.45
Dividend Per Share	-	-	-	0.400	0.400
Gross Margin	19.01%	25.15%	27.39%	22.78%	20.34%
Operating Margin	10.36%	15.35%	16.20%	11.88%	6.02%
Profit Margin	5.76%	8.48%	11.23%	-12.75%	3.36%
Free Cash Flow Margin	11.89%	4.28%	9.32%	3.39%	3.54%
EBITDA	107.94	83.95	59.29	47.36	30.66
EBITDA Margin	15.26%	18.18%	18.59%	15.08%	10.74%
D&A For EBITDA	34.66	13.03	7.6	10.05	13.47
EBIT	73.28	70.92	51.69	37.31	17.19
EBIT Margin	10.36%	15.35%	16.20%	11.88%	6.02%
Effective Tax Rate	23.08%	15.86%	16.25%	-	41.86%
Advertising Expenses	-	4	2.29	4.35	4.94

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