Quick Summary:
Due to rounding, numbers presented may not foot.) Unaudited Three months ended March 31, 2024 Capital StockAccumulated other comprehensive (loss) incomeRetained earningsTotalNon-controlling interestsTotal equity Balance at January 1, 202439,4122,390297,382 339,185 253,299 592,483 Total comprehensive income (loss) for the period: Net income (loss)--18,089 18,089 10,225 28,314 Other comprehensive income (loss) Foreign currency translation differences from foreign operations and other, net of income tax-625- 625 1,301 1,926 Total other comprehensive income (loss) for the period-625- 625 1,301 1,926 Total comprehensive income (loss) for the period-62518,089 18,714 11,526 30,240 Transactions with owners, recorded directly in equity Other movements in non-controlling interests and equity--72 72 31 103 Exchange of Topicus Coop ordinary units held by non-controlling interests to subordinate voting shares of Topicus--4,235 4,235 (4,235)- Dividends paid to shareholders of the Company--(127,641)(127,641)- (127,641) Dividends paid to non-controlling interests--- - (74,539)(74,539) Balance at March 31, 202439,4123,016192,136 234,565 186,082 420,646 Topicus.com Inc. Condensed Consolidated Interim Statements of Cash Flows (In thousands of euros, except per share amounts.
Due to rounding, numbers presented may not foot.) Unaudited Three months ended March 31, 2025 2024 Revenue License 9,396 9,165 Professional services 82,305 75,005 Hardware and other 7,319 5,551 Maintenance and other recurring 256,575 216,848 355,595 306,568 Expenses Staff 197,889 173,116 Hardware 4,125 4,620 Third party license, maintenance and professional services 28,422 23,352 Occupancy 2,958 2,710 Travel, telecommunications, supplies, software and equipment 14,592 11,983 Professional fees 7,608 5,092 Other, net 5,626 4,305 Depreciation 9,376 8,012 Amortization of intangible assets 36,852 31,672 307,448 264,861 Impairment of intangible and other non-financial assets - 633 Bargain purchase (gain) - (323)Finance and other (income) expenses (5,257) (473)Finance costs 6,189 5,471 931 5,309 Income (loss) before income taxes 47,216 36,398 Current income tax expense (recovery) 17,326 15,083 Deferred income tax expense (recovery) (8,871) (6,998)Income tax expense (recovery) 8,456 8,085 Net income (loss) 38,761 28,314 Net income (loss) attributable to: Equity holders of Topicus 24,743 18,089 Non-controlling interests 14,018 10,225 Net income (loss) 38,761 28,314 Weighted average shares Basic shares outstanding 83,068,874 82,195,644 Diluted shares outstanding 129,841,819 129,841,819 Earnings (loss) per common share of Topicus Basic 0.30 0.22 Diluted 0.30 0.22 Topicus.com Inc. Condensed Consolidated Interim Statements of Comprehensive Income (Loss) (In thousands of euros, except per share amounts.
Due to rounding, numbers presented may not foot.) Unaudited March 31, 2025December 31, 2024March 31, 2024 Assets Current assets: Cash 296,307206,157254,599 Accounts receivable 171,142142,791175,767 Unbilled revenue 56,53245,41549,454 Inventories 5,5394,9304,516 Other assets 72,59755,10763,845 602,117454,400548,181 Non-current assets: Property and equipment 24,91323,24521,363 Right of use assets 79,73675,66663,054 Deferred income taxes 17,96119,90520,326 Equity securities 313,441-- Other assets 11,02611,98313,437 Intangible assets992,114950,670947,417 1,439,1901,081,4701,065,598 Total assets 2,041,3071,535,8701,613,779 Liabilities and Shareholders' Equity Current liabilities: Topicus Revolving Credit Facility and current portion of term and other loans258,927225,718265,221 Accounts payable and accrued liabilities 289,077250,361227,130 Deferred revenue 378,732166,593343,430 Provisions 2,3812,5821,535 Acquisition holdback payables 17,35313,07313,808 Lease obligations 25,04223,62921,338 Income taxes payable 24,48318,23323,102 995,994700,189895,563 Non-current liabilities: Term and other loans 53,14049,30062,973 Deferred income taxes 153,437145,911148,142 Acquisition holdback payables 14,75010,0617,690 Lease obligations 55,89553,18842,748 Other liabilities 52,73445,82536,017 329,957304,285297,570 Total liabilities 1,325,9511,004,4741,193,133 Shareholders' Equity: Capital stock 39,41239,41239,412 Accumulated other comprehensive income (loss) 98,7805,5843,016 Retained earnings 291,061266,281192,136 Non-controlling interests 286,103220,119186,082 715,356531,396420,646 Total liabilities and shareholders' equity 2,041,3071,535,8701,613,779 Topicus.com Inc. Condensed Consolidated Interim Statements of Income (Loss) (In thousands of euros, except per share amounts.
