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	545.76	345.7	231.62	242.49	227.45
Gross Profit	161.46	116.18	87.35	71.54	58.1
Selling, General & Admin	28.02	16.42	12.08	14.21	13.41
Amortization of Goodwill & Intangibles	12.29	6.61	3.2	5.5	8.63
Other Operating Expenses	11.13	2.69	4.37	-0.28	3.77
Operating Expenses	78.97	43.52	35.67	34.23	40.91
Operating Income	82.49	72.66	51.69	37.31	17.19
Interest Expense	-25.4	-13.38	-4.79	-2.11	-1.37
Interest & Investment Income	8.72	3.22	0.17	0.04	0.07
Currency Exchange Gain (Loss)	-1.46	-3.38	0.94	1.89	0.64
Other Non Operating Income (Expenses)	-1.18	-0.58	-0.73	-0.8	-0.02
EBT Excluding Unusual Items	63.17	58.54	47.27	36.33	16.51
Merger & Restructuring Charges	-13.18	-9.95	-3.8	-	-
Impairment of Goodwill	-	-	-	-77.3	-
Other Unusual Items	3	-	-0.69	-6.49	-
Pretax Income	52.99	48.6	42.79	-47.46	16.51
Income Tax Expense	12.23	7.9	6.95	-7.41	6.91
Earnings From Continuing Operations	40.76	40.7	35.83	-40.05	9.6
Minority Interest in Earnings	-0.01	-0.08	-0.01	0	0
Net Income	40.75	40.61	35.83	-40.05	9.6
Net Income to Common	40.75	40.61	35.83	-40.05	9.6
Net Income Growth	0.34%	13.35%	-	-	13.29%
Shares Outstanding (Basic)	29	23	21	22	22
Shares Outstanding (Diluted)	30	24	22	22	22
Shares Change (YoY)	24.02%	12.06%	-0.12%	-3.51%	0.27%
EPS (Basic)	1.39	1.73	1.71	-1.85	0.45
EPS (Diluted)	1.36	1.68	1.66	-1.85	0.43
EPS Growth	-19.05%	1.21%	-	-	13.16%
Free Cash Flow	84.06	19.77	29.72	10.64	10.12
Free Cash Flow Per Share	2.80	0.82	1.38	0.49	0.45
Dividend Per Share	-	-	-	0.400	0.400
Gross Margin	22.83%	25.15%	27.39%	22.78%	20.34%
Operating Margin	11.66%	15.73%	16.20%	11.88%	6.02%
Profit Margin	5.76%	8.79%	11.23%	-12.75%	3.36%
Free Cash Flow Margin	11.89%	4.28%	9.32%	3.39%	3.54%
EBITDA	104.8	82.02	59.29	47.36	30.66
EBITDA Margin	14.82%	17.76%	18.59%	15.08%	10.74%
D&A For EBITDA	22.32	9.36	7.6	10.05	13.47
EBIT	82.49	72.66	51.69	37.31	17.19
EBIT Margin	11.66%	15.73%	16.20%	11.88%	6.02%
Effective Tax Rate	23.08%	16.26%	16.25%	-	41.86%
Advertising Expenses	5.18	4	2.29	4.35	4.94

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