Core Points - Constellation Software Inc. reported financial results for Q2 2025, with total revenue of $2,844 million, a 15% increase from $2,468 million in Q2 2024 [4][8] - The company declared a dividend of $1.00 per share, payable on October 10, 2025 [1] Financial Performance - Total revenue for the first six months of 2025 was $5,498 million, up 14% from $4,822 million in the same period of 2024 [4] - Organic growth was 5% for Q2 2025 and 3% for the first half of 2025, with adjustments for foreign exchange impacts showing 4% and 3% respectively [4] - Net income attributable to common shareholders for Q2 2025 was $56 million, a decrease of 68% from $177 million in Q2 2024, translating to $2.66 per diluted share compared to $8.35 [5][8] - For the first six months of 2025, net income was $192 million or $9.07 per diluted share, down from $282 million or $13.31 per diluted share in the same period of 2024 [5][8] Cash Flow and Acquisitions - Cash flows from operations (CFO) increased by 63% to $433 million in Q2 2025, compared to $265 million in Q2 2024 [6][8] - Free cash flow available to shareholders (FCFA2S) rose by 20% to $220 million in Q2 2025, up from $182 million in Q2 2024 [7][8] - The company completed several acquisitions for a total cash consideration of $380 million, with deferred payments estimated at $89 million, leading to a total consideration of $469 million [8] Balance Sheet Highlights - As of June 30, 2025, total assets were $14,728 million, an increase from $12,123 million a year earlier [13][14] - Current liabilities included $575 million in debt with recourse to Constellation Software Inc. and $250 million in debt without recourse [14] - Shareholders' equity increased to $3,982 million, up from $2,903 million in June 2024 [14]

Core Points - Constellation Software Inc. reported financial results for Q1 2025, with total revenue of $2,654 million, a 13% increase from $2,353 million in Q1 2024, primarily driven by acquisitions and a slight organic growth of 0.3% [4][7] - The company declared a dividend of $1.00 per share, payable on July 11, 2025, to shareholders of record as of June 20, 2025 [1] Financial Performance - Net income attributable to common shareholders for Q1 2025 was $115 million, up from $105 million in Q1 2024, translating to earnings per share of $5.44 compared to $4.95 [5][7] - Cash flows from operations (CFO) increased by 12% to $827 million from $737 million in the same period last year [6][7] - Free cash flow available to shareholders (FCFA2S) rose by 14% to $510 million from $446 million in Q1 2024 [6][7] Acquisitions and Investments - The company completed several acquisitions for a total cash consideration of $94 million, with deferred payments estimated at $39 million, leading to a total consideration of $133 million [7] - On January 31, 2025, Constellation acquired approximately 9.99% of Asseco Poland S.A. for $174 million, resulting in a gain of $157 million recorded in other comprehensive income [7] Balance Sheet Highlights - Total assets as of March 31, 2025, were $13,896 million, an increase from $12,857 million at the end of 2024 [13][14] - Current liabilities increased to $5,254 million from $4,667 million at the end of 2024, while total liabilities rose to $10,255 million from $9,569 million [14][14] Comprehensive Income - Total comprehensive income for Q1 2025 was $374 million, compared to $25 million in Q1 2024, with significant contributions from foreign currency translation and changes in the fair value of equity investments [18][20]