Core Insights - Topicus.com Inc. reported a total revenue of €436.8 million for Q4 2025, marking a 20% increase from €364.9 million in Q4 2024, with a full-year revenue of €1,552.3 million, also a 20% increase from €1,249.9 million in 2024 [5][7] - The net income for Q4 2025 rose to €79.4 million, a 41% increase from €56.2 million in Q4 2024, while the annual net income decreased to €70.1 million, a 53% decline from €149.5 million in 2024 [6][7] - The company experienced organic growth of 4% for both the quarterly and annual periods, with acquisitions contributing significantly to revenue growth [5][6] Financial Performance - Q4 2025 total revenue was €436.8 million, up €71.9 million from Q4 2024, while annual revenue reached €1,552.3 million, an increase of €257.4 million from 2024 [5][7] - Net income for Q4 2025 was €79.4 million, translating to €0.59 per share, compared to €56.2 million (€0.40 per share) in Q4 2024 [6][7] - For the full year, net income decreased to €70.1 million (€0.50 per share) from €149.5 million (€1.11 per share) in 2024, primarily due to a €221.7 million expense related to the investment in Asseco [6][7] Cash Flow and Investments - Cash flows from operations (CFO) increased by 35% to €107.7 million in Q4 2025, and by 19% to €412.7 million for the full year [9][27] - Free cash flow available to shareholders (FCFA2S) rose by 40% to €51.2 million in Q4 2025 and by 23% to €218.7 million for the year [10][27] - The company completed acquisitions totaling €390.4 million in 2025, including a net investment in Asseco Poland S.A. of €384.9 million [7][27] Assets and Liabilities - Total assets as of December 31, 2025, were €2,513.2 million, up from €1,535.9 million in 2024, with significant increases in cash and intangible assets [17][18] - Total liabilities increased to €1,731.4 million from €1,004.5 million in 2024, reflecting higher debt levels associated with acquisitions [18][27] - Shareholders' equity rose to €781.8 million from €531.4 million in 2024, driven by retained earnings and comprehensive income [18][23]

Core Insights - Topicus.com Inc. (TOITF) operates as a vertical market software (VMS) holding company within the Constellation Software Inc. (CSI) ecosystem, focusing on various end markets such as education, healthcare, government, finance, and legal [1]. Group 1 - Topicus.com Inc. is structured with independently managed business units that cater to specific vertical markets [1]. - The company is part of a larger ecosystem, indicating potential synergies and resource sharing with Constellation Software Inc. [1].

Core Viewpoint - Topicus.com Inc. has successfully acquired 14.84% of treasury shares in Asseco Poland S.A. after receiving all necessary regulatory approvals [1] Group 1: Acquisition Details - Topicus previously announced the acquisition of approximately 9.99% of the issued shares in Asseco on January 31, 2025 [2] - A shareholders' agreement was signed on February 3, 2025, between Topicus and the Adam Góral Family Foundation to govern their cooperation as shareholders in Asseco [3] - The acquisition of the Treasury Shares has made the shareholders' agreement effective [3] Group 2: Company Overview - Topicus.com Inc. is a leading pan-European provider of vertical market software and platforms, serving both public and private sector markets [4] - The company focuses on acquiring, building, and managing software companies that provide specialized, mission-critical software solutions tailored to customer needs [4]

Core Insights - Topicus.com Inc. has completed the acquisition of 14.84% of treasury shares in Asseco Poland S.A. after receiving all necessary regulatory approvals [1] - This acquisition follows Topicus' earlier announcement of acquiring approximately 9.99% of the issued shares in Asseco on January 31, 2025 [1] - A shareholders' agreement was signed between Topicus and the Adam Góral Family Foundation to govern their cooperation as shareholders in Asseco, which became effective with the recent acquisition [2] Company Overview - Topicus.com Inc. is a leading pan-European provider of vertical market software and platforms, focusing on both public and private sector markets [3] - The company operates across Europe, targeting markets with long-term growth potential, and specializes in acquiring, building, and managing software companies that deliver mission-critical solutions [3] - Constellation Software Inc. is involved in acquiring, managing, and building vertical market software businesses that provide essential software solutions [4]

Core Insights - Topicus.com Inc. is a Netherlands-based company focused on acquiring vertical market software (VMS) companies in the European market, currently operating in 40 different verticals [1] Investment Strategy - The company seeks businesses with strong cash-generating capabilities and competitive advantages, aiming for at least 15 percent annualized returns or deeply discounted prices relative to their asset base [1] - The investment approach includes considering takeover targets, provided they maintain strong business fundamentals [1] Performance Metrics - The company has achieved an annualized time-weighted return of approximately 16 percent over the past three years [1]

Core Viewpoint - Topicus.com Inc. has successfully completed the acquisition of Cipal Schaubroeck NV through its subsidiary Total Specific Solutions (TSS) B.V. [1] Group 1: Company Overview - Topicus.com Inc. is a prominent pan-European provider of vertical market software and platforms, serving both public and private sectors [2] - The company focuses on acquiring, building, and managing leading software firms that deliver specialized and mission-critical software solutions tailored to customer needs [2] Group 2: Related Companies - Constellation Software Inc. specializes in acquiring, managing, and building vertical market software businesses that provide essential software solutions [3]

Core Insights - Topicus.com Inc. reported a total revenue of €355.6 million for Q1 2025, marking a 16% increase from €306.6 million in Q1 2024, driven primarily by acquisitions and organic growth of 4% [4][8] - Net income for the same period rose to €38.8 million, up from €28.3 million in Q1 2024, translating to earnings of €0.30 per diluted share compared to €0.22 [5][8] - Cash flows from operations increased by 19% to €271.4 million, while free cash flow available to shareholders (FCFA2S) grew by 21% to €161.7 million [5][8] Financial Performance - Total revenue for Q1 2025 was €355.6 million, an increase of €49.0 million compared to the same period in 2024 [4][8] - Net income increased by €10.5 million to €38.8 million, with earnings per share rising to €0.30 from €0.22 [5][8] - Cash flows from operations (CFO) rose by €43.9 million to €271.4 million, representing a 19% increase [5][8] Acquisitions and Investments - The company completed acquisitions for a total cash consideration of €39.4 million, with deferred payments estimated at €20.9 million, leading to a total consideration of €60.3 million [8] - On January 31, 2025, Topicus acquired 8,300,029 shares in Asseco Poland S.A. for €168.0 million, representing approximately 9.99% of Asseco's issued shares [8] Comprehensive Income - Total comprehensive income for Q1 2025 was €183.9 million, significantly higher than €30.2 million in Q1 2024, driven by a gain of €145.5 million from equity investments [20][21]