Topicus.com Inc. (TSXV:TOI)

Model N Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Other Revenue	-	-	-	-0	-	-
Revenue	1,405	1,295	1,125	916.68	742.54	493.99
Revenue Growth (YoY)	16.46%	15.10%	22.72%	23.45%	50.32%	18.35%
Cost of Revenue	890.89	823.52	725.34	591.13	473.18	303.2
Gross Profit	513.84	471.35	399.63	325.55	269.36	190.79
Selling, General & Admin	103.39	92.16	77.01	65.26	39	25.67
Other Operating Expenses	6.56	4.59	7.02	4.85	8.25	4.71
Operating Expenses	293.5	266.34	235.74	205.06	156.92	99.47
Operating Income	220.34	205.01	163.9	120.5	112.44	91.33
Interest Expense	-24.8	-24.67	-17.73	-15.39	-10.95	-5.83
Earnings From Equity Investments	0.01	0.21	0.14	0.58	1.39	0.11
Currency Exchange Gain (Loss)	0.45	-1.25	-1.86	-0.29	-0.58	0.14
Other Non Operating Income (Expenses)	14.81	3.01	-0.98	6.03	-2,303	-0.76
EBT Excluding Unusual Items	210.8	182.31	143.47	111.43	-2,200	84.98
Impairment of Goodwill	-	-	-	-	-0.02	-
Asset Writedown	0.02	-0.62	-	-	-1.58	-
Other Unusual Items	1.81	1.78	1.3	-7.01	1.46	0.04
Pretax Income	245.42	183.47	144.77	104.42	-2,201	85.01
Income Tax Expense	39.59	34	29.34	16.81	21.6	21.33
Earnings From Continuing Operations	205.83	149.47	115.43	87.61	-2,222	63.68
Minority Interest in Earnings	-78.27	-57.48	-43.67	-34.68	338.19	-21.2
Net Income	127.56	91.99	71.75	52.93	-1,884	42.49
Preferred Dividends & Other Adjustments	-	-	-	-	25.73	-
Net Income to Common	127.56	91.99	71.75	52.93	-1,910	42.49
Net Income Growth	62.72%	28.21%	35.57%	-	-	-8.57%
Shares Outstanding (Basic)	83	83	82	80	63	39
Shares Outstanding (Diluted)	130	130	130	80	63	118
Shares Change (YoY)	-	-	61.32%	27.12%	-46.41%	92.31%
EPS (Basic)	1.54	1.11	0.88	0.66	-30.16	1.08
EPS (Diluted)	1.54	1.11	0.88	0.66	-30.16	0.54
EPS Growth	61.11%	26.70%	33.25%	-	-	-29.24%
Free Cash Flow	358.13	340.2	239.54	196.45	171.77	149.46
Free Cash Flow Per Share	2.76	2.62	1.84	2.44	2.71	1.26
Gross Margin	36.58%	36.40%	35.52%	35.51%	36.27%	38.62%
Operating Margin	15.68%	15.83%	14.57%	13.15%	15.14%	18.49%
Profit Margin	9.08%	7.11%	6.38%	5.77%	-257.19%	8.60%
Free Cash Flow Margin	25.50%	26.27%	21.29%	21.43%	23.13%	30.26%
EBITDA	276.24	283.91	232.92	178.38	158.38	120.12
EBITDA Margin	19.66%	21.93%	20.71%	19.46%	21.33%	24.32%
D&A For EBITDA	55.9	78.89	69.03	57.88	45.94	28.79
EBIT	220.34	205.01	163.9	120.5	112.44	91.33
EBIT Margin	15.68%	15.83%	14.57%	13.15%	15.14%	18.49%
Effective Tax Rate	16.13%	18.53%	20.27%	16.10%	-	25.09%
Revenue as Reported	1,405	1,295	1,125	916.68	742.54	493.99
Advertising Expenses	-	10.1	9.7	8.6	-	-

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.