Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the First Quarter Ended March 31, 2026
TORONTO, Might 05, 2026 (GLOBE NEWSWIRE) — Topicus.com Inc. (TSXV:TOI) in a joint launch with Constellation Software program Inc. (TSX:CSU) immediately introduced monetary outcomes for Topicus.com Inc. (“Topicus” or the “Firm”) for the primary quarter ended March 31, 2026. Please be aware that every one quantities referred to on this press launch are in Euros except in any other case said.
The next press launch needs to be learn at the side of the Firm’s Unaudited Condensed Consolidated Interim Monetary Statements for the three months ended March 31, 2026 and the accompanying notes, our Administration’s Dialogue and Evaluation for the three months ended March 31, 2026 and the Annual Consolidated Monetary Statements of Topicus.com Inc. for the 12 months ended December 31, 2025, which we ready in accordance with Worldwide Monetary Reporting Requirements (“IFRS”) and the Firm’s annual Administration’s Dialogue and Evaluation for the 12 months ended December 31, 2025, which will be discovered on SEDAR+ at http://www.sedarplus.com and on Topicus.com Inc.’s web site http://www.topicus.com. Extra details about Topicus.com Inc. can also be out there on SEDAR+ at http://www.sedarplus.com.
Q1 2026 Headlines:
- Income elevated 23% (5% natural development) to €435.7 million in comparison with €355.6 million in Q1 2025.
- Web earnings decreased to €55.1 million (€0.41 on a diluted per share foundation) from €70.1 million (€0.54 on a diluted per share foundation).
- Acquisitions had been accomplished for combination money consideration of €15.0 million (which incorporates acquired money). Deferred funds related to these acquisitions have an estimated worth of €7.5 million leading to complete consideration of €22.5 million.
- Money flows from operations (“CFO”) elevated €9.0 million to €280.5 million in comparison with €271.4 million in Q1 2025 representing a rise of three%.
- Free money stream out there to shareholders1 (“FCFA2S”) elevated €3.7 million to €165.4 million in comparison with €161.7 million in Q1 2025 representing a rise of two%.
Complete income for the quarter ended March 31, 2026 was €435.7 million, a rise of 23%, or €80.1 million, in comparison with €355.6 million for the comparable interval in 2025. The rise is primarily attributable to development from acquisitions because the Firm skilled natural development of 5% within the quarter. Natural development isn’t a standardized monetary measure and won’t be similar to measures disclosed by different issuers.
Web earnings for the quarter ended March 31, 2026 decreased €15.1 million to €55.1 million in comparison with €70.1 million for a similar interval in 2025. On a per share foundation, this translated into web earnings per fundamental and diluted share of €0.41 within the quarter ended March 31, 2026 in comparison with €0.54 for a similar interval in 2025.
For the quarter ended March 31, 2026, CFO elevated €9.0 million to €280.5 million in comparison with €271.4 million for a similar interval in 2025 representing a rise of three%.
For the quarter ended March 31, 2026, FCFA2S elevated €3.7 million to €165.4 million in comparison with €161.7 million for a similar interval in 2025 representing a rise of two%.
Ahead Wanting Statements
Sure statements herein could also be “ahead wanting” statements that contain identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, efficiency or achievements of Topicus or the business to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead wanting statements contain important dangers and uncertainties, shouldn’t be learn as ensures of future efficiency or outcomes, and won’t essentially be correct indications of whether or not or not such outcomes might be achieved. Plenty of components might trigger precise outcomes to range considerably from the outcomes mentioned within the ahead wanting statements. These ahead wanting statements mirror present assumptions and expectations relating to future occasions and working efficiency and are made as of the date hereof and Topicus assumes no obligation, besides as required by regulation, to replace any ahead wanting statements to mirror new occasions or circumstances.
Non-IFRS Measures
Free money stream out there to shareholders ‘‘FCFA2S’’ refers to web money flows from working actions much less curiosity paid on lease obligations, curiosity paid on different amenities, credit score facility transaction prices, repayments of lease obligations, and property and tools bought, and contains curiosity and dividends acquired, and the proceeds from sale of rate of interest caps. The portion of this quantity relevant to non-controlling pursuits is then deducted. Topicus believes that FCFA2S is helpful supplemental data because it gives a sign of the uncommitted money stream that’s out there to shareholders if Topicus doesn’t make any acquisitions, or investments, and doesn’t repay any money owed. Whereas Topicus might use the FCFA2S to pay dividends or repurchase shares, Topicus’ goal is to take a position all of our FCFA2S in acquisitions which meet Topicus’ hurdle fee.
FCFA2S isn’t a acknowledged measure underneath IFRS and, accordingly, readers are cautioned that FCFA2S shouldn’t be construed as a substitute for web money flows from working actions.
The next desk reconciles FCFA2S to web money flows from working actions:
| Three months ended March 31, | |||||||
| 2026 | 2025 | ||||||
| (€ in hundreds of thousands) | |||||||
| Web money flows from working actions | 280.5 | 271.4 | |||||
| Adjusted for: | |||||||
| Curiosity paid on lease obligations | (0.9 | ) | (0.7 | ) | |||
| Curiosity paid on different amenities | (3.7 | ) | (4.7 | ) | |||
| Credit score facility transaction prices | (0.3 | ) | (0.1 | ) | |||
| Funds of lease obligations | (8.4 | ) | (6.8 | ) | |||
| Property and tools bought | (3.2 | ) | (2.9 | ) | |||
| Curiosity and dividends acquired | 0.6 | 0.3 | |||||
| 264.5 | 256.5 | ||||||
| Much less quantity attributable to | |||||||
| non-controlling pursuits | (99.1 | ) | (94.8 | ) | |||
| Free money stream out there to shareholders | 165.4 | 161.7 | |||||
| As a result of rounding, sure totals might not foot. | |||||||
About Topicus.com Inc.
Topicus’ subordinate voting shares are listed on the Toronto Enterprise Inventory Alternate underneath the image “TOI”. Topicus acquires, manages and builds vertical market software program companies.
About Constellation Software program Inc.
Constellation’s frequent shares are listed on the Toronto Inventory Alternate underneath the image “CSU”. Constellation acquires, manages and builds vertical market software program companies.
For additional data:
Jamal Baksh
Chief Monetary Officer
(416) 861-9677
info@topicus.com
http://www.topicus.com
SOURCE: TOPICUS.COM INC.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
| Topicus.com Inc. | ||||||
| Condensed Consolidated Interim Statements of Monetary Place | ||||||
| (In 1000’s of euros, besides per share quantities. As a result of rounding, numbers offered might not foot.) | ||||||
| Unaudited | ||||||
| March 31, 2026 | December 31, 2025 | |||||
| Property | ||||||
| Present belongings: | ||||||
| Money | 331,173 | 326,686 | ||||
| Accounts receivable | 210,486 | 175,613 | ||||
| Unbilled income | 70,315 | 53,909 | ||||
| Inventories | 7,870 | 7,057 | ||||
| Different belongings | 84,856 | 67,969 | ||||
| 704,700 | 631,234 | |||||
| Non-current belongings: | ||||||
| Property and tools | 28,273 | 27,343 | ||||
| Proper of use belongings | 95,766 | 96,656 | ||||
| Deferred earnings taxes | 24,223 | 23,494 | ||||
| Investments in associates | 527,439 | 515,368 | ||||
| Different belongings | 18,456 | 17,790 | ||||
| Intangible belongings | 1,190,258 | 1,201,287 | ||||
| 1,884,415 | 1,881,939 | |||||
| Complete belongings | 2,589,115 | 2,513,173 | ||||
| Liabilities and Shareholders’ Fairness | ||||||
| Present liabilities: | ||||||
| Topicus Revolving Credit score Facility and present portion of Time period and different loans | 96,065 | 345,324 | ||||
| Accounts payable and accrued liabilities | 380,113 | 365,229 | ||||
| Deferred income | 453,789 | 207,140 | ||||
| Provisions | 3,091 | 3,548 | ||||
| Acquisition holdback payables | 24,077 | 23,740 | ||||
| Lease obligations | 32,134 | 30,915 | ||||
| Revenue taxes payable | 40,128 | 39,201 | ||||
| 1,029,396 | 1,015,098 | |||||
| Non-current liabilities: | ||||||
| Time period and different loans | 352,579 | 347,218 | ||||
| Deferred earnings taxes | 183,948 | 188,313 | ||||
| Acquisition holdback payables | 39,414 | 40,133 | ||||
| Lease obligations | 65,425 | 67,436 | ||||
| Different liabilities | 81,126 | 73,166 | ||||
| 722,492 | 716,266 | |||||
| Complete liabilities | 1,751,888 | 1,731,363 | ||||
| Shareholders’ Fairness: | ||||||
| Capital inventory | 39,412 | 39,412 | ||||
| Amassed different complete earnings (loss) | 127,327 | 124,611 | ||||
| Retained earnings | 343,910 | 309,801 | ||||
| Non-controlling pursuits | 326,577 | 307,985 | ||||
| 837,227 | 781,810 | |||||
| Complete liabilities and shareholders’ fairness | 2,589,115 | 2,513,173 | ||||
| Topicus.com Inc. | ||||||||
| Condensed Consolidated Interim Statements of Revenue (Loss) | ||||||||
| (In 1000’s of euros, besides per share quantities. As a result of rounding, numbers offered might not foot.) | ||||||||
| Unaudited | ||||||||
| Three months ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Income | ||||||||
| License | 11,518 | 9,396 | ||||||
| Skilled companies | 98,221 | 82,305 | ||||||
| {Hardware} and different | 9,885 | 7,319 | ||||||
| Upkeep and different recurring | 316,064 | 256,575 | ||||||
| 435,688 | 355,595 | |||||||
| Bills | ||||||||
| Workers | 237,594 | 197,889 | ||||||
| {Hardware} | 5,312 | 4,125 | ||||||
| Third social gathering license, upkeep {and professional} companies | 36,951 | 28,422 | ||||||
| Journey, telecommunications, provides, software program and tools | 17,938 | 14,592 | ||||||
| Skilled charges | 7,085 | 7,608 | ||||||
| Different, web | 7,033 | 8,584 | ||||||
| Depreciation | 11,655 | 9,376 | ||||||
| Amortization of intangible belongings | 44,420 | 36,852 | ||||||
| 367,988 | 307,448 | |||||||
| Impairment of intangible and different non-financial belongings | – | – | ||||||
| Finance and different (earnings) bills | 2,593 | (5,243 | ) | |||||
| Share in web (earnings) lack of fairness investee | (9,096 | ) | (15 | ) | ||||
| (Improve) lower within the truthful worth of fairness securities | – | (32,789 | ) | |||||
| Finance prices | 9,808 | 6,189 | ||||||
| 3,306 | (31,858 | ) | ||||||
| Revenue (loss) earlier than earnings taxes | 64,395 | 80,005 | ||||||
| Present earnings tax expense (restoration) | 20,568 | 18,747 | ||||||
| Deferred earnings tax expense (restoration) | (11,236 | ) | (8,871 | ) | ||||
| Revenue tax expense (restoration) | 9,332 | 9,877 | ||||||
| Web earnings (loss) | 55,062 | 70,129 | ||||||
| Web earnings (loss) attributable to: | ||||||||
| Fairness holders of Topicus | 34,209 | 44,811 | ||||||
| Non-controlling pursuits | 20,854 | 25,317 | ||||||
| Web earnings (loss) | 55,062 | 70,129 | ||||||
| Weighted common shares | ||||||||
| Fundamental shares excellent | 83,338,874 | 83,068,874 | ||||||
| Diluted shares excellent | 129,841,819 | 129,841,819 | ||||||
| Earnings (loss) per frequent share of Topicus | ||||||||
| Fundamental | 0.41 | 0.54 | ||||||
| Diluted | 0.41 | 0.54 | ||||||
| Topicus.com Inc. | ||||||||
| Condensed Consolidated Interim Statements of Complete Revenue (Loss) | ||||||||
| (In 1000’s of euros, besides per share quantities. As a result of rounding, numbers offered might not foot.) | ||||||||
| Unaudited | ||||||||
| Three months ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Web earnings (loss) | 55,062 | 70,129 | ||||||
| Gadgets which can be or could also be reclassified subsequently to web earnings (loss): | ||||||||
| International forex translation variations from overseas operations and different | 3,961 | 1,296 | ||||||
| Gadgets that won’t be reclassified to web earnings (loss): | ||||||||
| Adjustments within the truthful worth of fairness investments at FVOCI | – | 111,097 | ||||||
| Different complete (loss) earnings for the interval, web of earnings tax | 3,961 | 112,393 | ||||||
| Complete complete earnings (loss) for the interval | 59,023 | 182,521 | ||||||
| Complete different complete earnings (loss) attributable to: | ||||||||
| Fairness holders of Topicus | 2,716 | 72,219 | ||||||
| Non-controlling pursuits | 1,245 | 40,173 | ||||||
| Complete different complete earnings (loss) | 3,961 | 112,393 | ||||||
| Complete complete earnings (loss) attributable to: | ||||||||
| Fairness holders of Topicus | 36,924 | 117,030 | ||||||
| Non-controlling pursuits | 22,099 | 65,491 | ||||||
| Complete complete earnings (loss) | 59,023 | 182,521 | ||||||
| Topicus.com Inc. | |||||||||||||||||||
| Condensed Consolidated Interim Assertion of Adjustments in Shareholders’ Fairness (Deficiency) | |||||||||||||||||||
| (In 1000’s of euros, besides per share quantities. As a result of rounding, numbers offered might not foot.) | |||||||||||||||||||
| Unaudited | |||||||||||||||||||
| Three months ended March 31, 2026 | |||||||||||||||||||
| Capital Inventory | Amassed different complete (loss) earnings |
Retained earnings |
Complete | Non-controlling pursuits |
Complete fairness | ||||||||||||||
| Steadiness at January 1, 2026 | 39,412 | 124,611 | 309,801 | 473,825 | 307,985 | 781,810 | |||||||||||||
| Complete complete earnings (loss) for the interval: | |||||||||||||||||||
| Web earnings (loss) | – | – | 34,209 | 34,209 | 20,854 | 55,062 | |||||||||||||
| International forex translation variations from | |||||||||||||||||||
| overseas operations and different, web of earnings tax and | |||||||||||||||||||
| modifications within the truthful worth of fairness investments at FVOCI | – | 2,716 | – | 2,716 | 1,245 | 3,961 | |||||||||||||
| Complete different complete earnings (loss) | |||||||||||||||||||
| for the interval | – | 2,716 | – | 2,716 | 1,245 | 3,961 | |||||||||||||
| Complete complete earnings (loss) for the interval | – | 2,716 | 34,209 | 36,924 | 22,099 | 59,023 | |||||||||||||
| Transactions with house owners, recorded immediately in fairness | |||||||||||||||||||
| Different actions in non-controlling pursuits and fairness | – | – | (100 | ) | (100 | ) | (56 | ) | (155 | ) | |||||||||
| Dividends paid to non-controlling pursuits | – | – | – | – | (3,451 | ) | (3,451 | ) | |||||||||||
| Steadiness at March 31, 2026 | 39,412 | 127,327 | 343,910 | 510,650 | 326,577 | 837,227 | |||||||||||||
| Topicus.com Inc. | |||||||||||||||||||
| Condensed Consolidated Interim Assertion of Adjustments in Shareholders’ Fairness (Deficiency) | |||||||||||||||||||
| (In 1000’s of euros, besides per share quantities. As a result of rounding, numbers offered might not foot.) | |||||||||||||||||||
| Unaudited | |||||||||||||||||||
| Three months ended March 31, 2025 | |||||||||||||||||||
| Capital Inventory | Amassed different complete (loss) earnings |
Retained earnings |
Complete | Non-controlling pursuits |
Complete fairness | ||||||||||||||
| Steadiness at January 1, 2025 | 39,412 | 5,584 | 266,281 | 311,277 | 220,119 | 531,396 | |||||||||||||
| Complete complete earnings (loss) for the interval: | |||||||||||||||||||
| Web earnings (loss) | – | – | 44,811 | 44,811 | 25,317 | 70,129 | |||||||||||||
| Different complete earnings (loss) | |||||||||||||||||||
| International forex translation variations from | |||||||||||||||||||
| overseas operations and different, web of earnings tax | – | 72,219 | – | 72,219 | 40,173 | 112,393 | |||||||||||||
| Complete different complete earnings (loss) for the interval | – | 72,219 | – | 72,219 | 40,173 | 112,393 | |||||||||||||
| Complete complete earnings (loss) for the interval | – | 72,219 | 44,811 | 117,030 | 65,491 | 182,521 | |||||||||||||
| Transactions with house owners, recorded immediately in fairness | |||||||||||||||||||
| Different actions in non-controlling pursuits and fairness | – | (0 | ) | 37 | 37 | 19 | 55 | ||||||||||||
| Dividends paid to non-controlling pursuits | – | – | – | – | (38 | ) | (38 | ) | |||||||||||
| Steadiness at March 31, 2025 | 39,412 | 77,803 | 311,129 | 428,344 | 285,591 | 713,935 | |||||||||||||
| Topicus.com Inc. | ||||||||||
| Condensed Consolidated Interim Statements of Money Flows | ||||||||||
| (In 1000’s of euros, besides per share quantities. As a result of rounding, numbers offered might not foot.) | ||||||||||
| Unaudited | ||||||||||
| Three months ended March 31, | ||||||||||
| 2026 | 2025 | |||||||||
| Money flows from (utilized in) working actions: | ||||||||||
| Web earnings (loss) | 55,062 | 70,129 | ||||||||
| Changes for: | ||||||||||
| Depreciation | 11,655 | 9,376 | ||||||||
| Amortization of intangible belongings | 44,420 | 36,852 | ||||||||
| Impairment of intangible and different non-financial belongings | – | – | ||||||||
| Finance and different bills (earnings) | 2,593 | (5,243 | ) | |||||||
| Share in web (earnings) lack of fairness investee | (9,096 | ) | (15 | ) | ||||||
| (Improve) lower within the truthful worth of fairness securities | – | (32,789 | ) | |||||||
| Finance prices | 9,808 | 6,189 | ||||||||
| Revenue tax expense (restoration) | 9,332 | 9,877 | ||||||||
| Change in non-cash working belongings and liabilities | ||||||||||
| unique of results of enterprise mixtures | 174,015 | 190,533 | ||||||||
| Transaction prices related to fairness securities categorized as FVOCI | – | (1,659 | ) | |||||||
| Revenue taxes (paid) acquired | (17,301 | ) | (11,803 | ) | ||||||
| Web money flows from (utilized in) working actions | 280,490 | 271,446 | ||||||||
| Money flows from (utilized in) financing actions: | ||||||||||
| Curiosity paid on lease obligations | (872 | ) | (663 | ) | ||||||
| Curiosity paid on different amenities | (3,736 | ) | (4,708 | ) | ||||||
| Web improve (lower) in Topicus Revolving Credit score Facility | (245,000 | ) | 30,000 | |||||||
| Proceeds from issuance of time period and different loans | 7,500 | 18,010 | ||||||||
| Improve (lower) in financial institution indebtedness | 5,663 | – | ||||||||
| Repayments of time period and different loans | (7,429 | ) | (10,585 | ) | ||||||
| Credit score facility transaction prices | (312 | ) | (91 | ) | ||||||
| Funds of lease obligations | (8,374 | ) | (6,828 | ) | ||||||
| Dividends paid to non-controlling pursuits | (3,451 | ) | (38 | ) | ||||||
| Web money flows from (utilized in) in financing actions | (256,010 | ) | 25,098 | |||||||
| Money flows from (utilized in) investing actions: | ||||||||||
| Acquisition of companies | (15,028 | ) | (39,413 | ) | ||||||
| Money obtained with acquired companies | 2,936 | 7,934 | ||||||||
| Publish-acquisition settlement funds, web of receipts | (5,814 | ) | (6,299 | ) | ||||||
| Buy of fairness securities of Asseco Poland S.A. | – | (167,977 | ) | |||||||
| (Improve) lower in restricted money | (1,342 | ) | (425 | ) | ||||||
| Curiosity, dividends and different proceeds acquired, web of earnings taxes paid | 572 | 255 | ||||||||
| Property and tools bought | (3,236 | ) | (2,898 | ) | ||||||
| Web money flows from (utilized in) investing actions | (21,913 | ) | (208,822 | ) | ||||||
| Impact of overseas forex on | ||||||||||
| money and money equivalents | 1,920 | 2,428 | ||||||||
| Improve (lower) in money | 4,487 | 90,150 | ||||||||
| Money, starting of interval | 326,686 | 206,157 | ||||||||
| Money, finish of interval | 331,173 | 296,307 | ||||||||
