| (in millions of USD, except per-share data) | Q4 FY 26 | Q3 FY 26 | Q2 FY 26 | Q1 FY 26 | Q4 FY 25 | Q3 FY 25 | Q2 FY 25 | Q1 FY 25 | Q4 FY 24 | Q2 FY 24 | Q1 FY 24 | Q4 FY 23 | Q2 FY 23 | Q1 FY 23 | Q4 FY 22 | Q2 FY 22 | Q1 FY 22 | Q4 FY 21 | Q2 FY 21 | Q1 FY 21 | Q4 FY 20 | Q2 FY 20 | Q1 FY 20 | Q4 FY 19 | Q2 FY 19 | Q1 FY 19 | Q4 FY 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||
| Revenues | 114.5 | 113.5 | 111.7 | 104.1 | 103.6 | 106.4 | 77.0 | 75.4 | 32.9 | 34.2 | 32.1 | 32.8 | 34.3 | 34.6 | 33.2 | 29.2 | |||||||||||
| (in millions of USD, except per-share data) | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 443.8 | 362.5 | 133.7 | 135.9 | 126.0 | 113.6 | 81.9 | 53.1 | 41.0 |
| Cost of Revenue | 197.4 | 168.0 | 66.7 | 70.9 | 66.2 | 54.6 | 43.6 | 27.3 | 20.0 |
| Gross Profit | 246.4 | 194.5 | 67.1 | 65.0 | 59.8 | 59.0 | 38.4 | 25.8 | 20.9 |
| Operating Expenses | |||||||||
| Research & Development | 18.4 | 16.1 | 8.4 | 8.5 | 11.4 | 10.6 | 8.5 | 6.9 | 4.5 |
| Selling General & Administrative | 208.5 | 204.4 | 71.3 | 63.5 | |||||
| Operating Income | |||||||||
| Operating Income | 19.6 | (25.9) | (12.6) | (7.0) | (8.2) | (3.5) | (9.8) | (5.7) | (4.1) |
| Non-Operating | |||||||||
| Interest Income | 0.8 | 0.9 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.3 | 0.3 |
| Interest Expense | 27.5 | 20.3 | 1.6 | (1.0) | 2.8 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | 8.7 | 4.5 | 0.6 | 0.9 | 1.9 | 1.0 | (0.1) | - | 0.3 |
| Net Income From Continuing Ops | (19.9) | (51.0) | (5.6) | (6.8) | |||||
| Per Share | |||||||||
| EPS Basic | (0.15) | (0.43) | (0.49) | (0.49) | (0.64) | (0.46) | (0.59) | - | - |
| EPS Diluted | (0.15) | (0.43) | (0.49) | (0.49) | (0.64) | ||||
| Supplementary Data | |||||||||
| EBITDA | 79.9 | 21.6 | (3.1) | 1.3 | 0.4 | 5.0 | (6.4) | (4.2) | (3.0) |
| EBIT | 19.6 | (25.9) | (12.6) | (7.0) | (8.2) | ||||
| 33.5 |
| 29.0 |
| 27.6 |
| 25.8 |
| 30.8 |
| 16.9 |
| 16.3 |
| 13.6 |
| 13.4 |
| - |
| - |
| Cost of Revenue | 49.8 | 50.8 | 49.1 | 47.6 | 48.9 | 47.6 | 35.7 | 35.8 | 16.3 | 17.1 | 16.1 | 16.2 | 17.1 | 18.4 | 18.8 | 15.0 | 17.5 | 14.5 | 12.7 | 11.7 | 15.9 | 9.3 | 9.2 | 6.6 | 6.6 | - | - |
| Gross Profit | 64.7 | 62.7 | 62.6 | 56.5 | 54.8 | 58.8 | 41.3 | 39.6 | 16.6 | 17.1 | 16.0 | 16.6 | 17.2 | 16.2 | 14.4 | 14.3 | 16.0 | 14.5 | 14.9 | 14.0 | 14.9 | 7.6 | 7.1 | 7.0 | 6.8 | - | - |
| Operating Expenses | |||||||||||||||||||||||||||
| Research & Development | 4.7 | 4.6 | 4.2 | 4.9 | 4.9 | 4.6 | 3.4 | 3.1 | 1.7 | 2.4 | 2.2 | 1.7 | 1.7 | 2.0 | 3.2 | 2.7 | 2.8 | 2.7 | 2.5 | 2.6 | 3.2 | 1.8 | 2.0 | 1.7 | 1.7 | - | - |
| Selling General & Administrative | 48.9 | 51.8 | 54.2 | 53.7 | 56.8 | 55.4 | 37.3 | 54.8 | 16.9 | 17.8 | 17.2 | 16.8 | 16.7 | 15.8 | 14.9 | 14.0 | |||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Depreciation & Amortization | 31.8 | 6.1 | 6.3 | 16.0 | 27.3 | 4.6 | 5.2 | 10.3 | 5.3 | 0.7 | 2.3 | 2.2 | 0.8 | 0.8 | 2.1 | 0.9 | |||||||||||
| Amortization of Intangibles | 7.9 | 9.7 | 9.5 | 9.9 | 9.2 | 9.0 | 3.8 | 5.6 | 1.3 | 1.8 | 1.4 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | ||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Total Operating Expenses | 53.6 | 56.3 | 58.3 | 58.5 | 61.7 | 60.0 | 40.8 | 57.9 | 18.7 | 20.2 | 19.4 | 18.5 | 18.4 | 17.8 | 18.1 | 16.7 | |||||||||||
| Operating Income | |||||||||||||||||||||||||||
| Operating Income | 11.0 | 6.3 | 4.2 | (2.0) | (7.0) | (1.2) | 0.6 | (18.2) | (2.1) | (3.1) | (3.4) | (1.9) | (1.2) | (1.6) | (3.7) | (2.4) | (0.2) | (1.9) | 0.8 | (0.7) | (3.4) | (2.1) | (2.6) | (2.2) | (0.8) | - | - |
| Non-Operating | |||||||||||||||||||||||||||
| Interest Income | 0.2 | 0.1 | 0.3 | 0.2 | 0.1 | 0.4 | 0.2 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | - | - |
| Interest Expense | 6.9 | 6.8 | 7.0 | 6.8 | 5.7 | 7.9 | 4.0 | 2.7 | - | 0.2 | - | - | - | - | - | - | - | 0.6 | |||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Other Non-Operating Income | (2.3) | 0.0 | (0.5) | (1.2) | (0.2) | (2.0) | 1.7 | (0.6) | 0.0 | (0.0) | 0.0 | (0.1) | - | 0.0 | (0.0) | 0.0 | (0.0) | ||||||||||
| Pre-Tax Income | 2.0 | (0.4) | (3.0) | (9.9) | (12.7) | (10.8) | (1.6) | (21.2) | 5.0 | (3.3) | (3.3) | 5.2 | (1.5) | (0.1) | (3.6) | (3.2) | |||||||||||
| Tax & Net | |||||||||||||||||||||||||||
| Income Tax Expense | 4.1 | 3.0 | 1.3 | 0.4 | (0.3) | 3.5 | 0.3 | 1.1 | 0.4 | 0.3 | (0.0) | 0.4 | 0.8 | 0.0 | (0.7) | 0.2 | 0.1 | 0.5 | 0.5 | 0.5 | 0.2 | - | - | - | - | - | - |
| Net Income From Continuing Ops | (2.1) | (3.4) | (4.3) | (10.2) | (12.4) | (14.4) | (1.9) | (22.3) | 4.6 | (3.5) | (3.3) | 4.8 | (2.3) | (0.1) | (2.9) | (3.3) | (1.4) | ||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Net Income | (2.1) | (3.4) | (4.3) | (10.2) | (12.4) | (14.4) | (1.9) | (22.3) | 4.6 | (3.5) | (3.3) | 4.8 | (2.3) | (0.1) | (2.9) | (3.3) | (1.4) | ||||||||||
| Net Income Attributable To Parent | (2.7) | (3.4) | (4.3) | (10.2) | (12.4) | (14.3) | (1.9) | (22.3) | 4.6 | (3.5) | (3.3) | 4.8 | (2.3) | (0.1) | (2.9) | (3.3) | |||||||||||
| Less: Minority Interest | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | ||||||||||
| Less: Preferred Dividends | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | ||||||||||
| Net Income To Common Shareholders | (2.7) | (3.4) | (4.3) | (10.2) | (12.4) | (14.3) | (1.9) | (22.3) | 1.9 | (6.5) | (6.2) | 3.5 | (3.5) | (1.3) | (4.1) | ||||||||||||
| Per Share | |||||||||||||||||||||||||||
| EPS Basic | - | (0.03) | (0.03) | (0.08) | - | (0.11) | (0.02) | (0.21) | - | (0.18) | (0.17) | 0.11 | (0.10) | (0.04) | (0.12) | (0.13) | (0.08) | (0.09) | - | - | - | - | - | - | - | - | - |
| EPS Diluted | - | (0.03) | (0.03) | (0.08) | - | (0.11) | (0.02) | (0.21) | - | (0.18) | (0.17) | 0.11 | (0.10) | (0.04) | (0.12) | - | - | - | |||||||||
| Shares Basic | - | 133.9 | 133.7 | 133.3 | - | 132.2 | 107.5 | 107.1 | - | 35.7 | 35.6 | 35.5 | 0.0 | 35.4 | 35.3 | 35.0 | 34.9 | 33.3 | |||||||||
| Shares Diluted | - | 133.9 | 133.7 | 133.3 | - | 132.2 | 107.5 | 107.1 | - | 35.7 | 35.6 | 35.6 | 0.0 | 0.0 | 35.3 | - | - | - | |||||||||
| Supplementary Data | |||||||||||||||||||||||||||
| EBITDA | 42.9 | 12.5 | 10.5 | 14.0 | 20.4 | 3.3 | 5.8 | (7.9) | 3.2 | (2.4) | (1.1) | 0.3 | (0.5) | (0.8) | (1.7) | (1.6) | 0.6 | 0.3 | 1.5 | (0.1) | (1.3) | (1.9) | (2.4) | (1.8) | (0.6) | - | - |
| EBIT | 11.0 | 6.3 | 4.2 | (2.0) | (7.0) | (1.2) | 0.6 | (18.2) | (2.1) | (3.1) | (3.4) | (1.9) | (1.2) | (1.6) | (3.7) | (2.4) | (0.2) | (1.9) | 0.8 | ||||||||
| 56.5 |
| 51.9 |
| 34.4 |
| 24.7 |
| 20.5 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | 60.3 | 47.5 | 9.4 | 8.3 | 8.6 | 8.4 | 3.3 | 1.6 | 1.1 |
| Amortization of Intangibles | 37.0 | 27.6 | 5.6 | 5.1 | 5.2 | 5.3 | 2.0 | 0.7 | 0.4 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 226.8 | 220.4 | 79.6 | 72.0 | 67.9 | 62.5 | 48.1 | 31.5 | 25.0 |
| 4.5 |
| 1.4 |
| 0.2 |
| 0.3 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (4.1) | (1.2) | (0.0) | 0.0 | 0.0 | (0.1) | (0.1) | (0.2) | (0.0) |
| Pre-Tax Income | (11.3) | (46.5) | (5.1) | (5.9) | (10.9) | (8.0) | (11.1) | (5.8) | (4.2) |
| (12.8) |
| (9.0) |
| (11.0) |
| (5.8) |
| (3.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | (19.9) | (51.0) | (5.6) | (6.8) | (12.8) | (9.0) | (11.0) | (5.8) | - |
| Net Income Attributable To Parent | (20.6) | (51.0) | (5.7) | (6.8) | (12.8) | (9.0) | (11.0) | (5.8) | - |
| Less: Minority Interest | 0.6 | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | (0.0) | - | - |
| Less: Preferred Dividends | 0.0 | 0.0 | 4.5 | 4.2 | 4.1 | 3.9 | 0.9 | - | - |
| Net Income To Common Shareholders | (20.6) | (51.0) | (17.3) | (17.3) | (22.1) | (13.6) | (12.0) | (5.8) | (3.9) |
| - |
| - |
| - |
| - |
| Shares Basic | 133.8 | 119.9 | 35.6 | 35.6 | 0.0 | 29.7 | 20.5 | - | - |
| Shares Diluted | 133.8 | 119.9 | 35.6 | 35.6 | 0.0 | - | - | - | - |
| (3.5) |
| (9.8) |
| (5.7) |
| (4.1) |
| 13.4 |
| 13.6 |
| 11.6 |
| 12.2 |
| 15.1 |
| 6.3 |
| 6.0 |
| 6.1 |
| 5.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.8 |
| 2.1 |
| 0.8 |
| 0.7 |
| 2.1 |
| 0.2 |
| 0.2 |
| 0.4 |
| 0.2 |
| - |
| - |
| 1.3 |
| 1.3 |
| 1.3 |
| 1.3 |
| 0.3 |
| 0.3 |
| 0.2 |
| 0.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.2 |
| 16.4 |
| 14.2 |
| 14.7 |
| 18.3 |
| 9.8 |
| 9.6 |
| 9.2 |
| 7.6 |
| - |
| - |
| 0.8 |
| - |
| 0.1 |
| 0.0 |
| - |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| - |
| (0.0) |
| (0.0) |
| (0.1) |
| - |
| - |
| (1.4) |
| (1.3) |
| (0.1) |
| (2.2) |
| (3.2) |
| (2.1) |
| (2.6) |
| (2.2) |
| - |
| - |
| - |
| (1.8) |
| (0.6) |
| (2.6) |
| (3.4) |
| (2.1) |
| (2.6) |
| (2.2) |
| (0.9) |
| (1.1) |
| (1.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.8) |
| (0.6) |
| (2.6) |
| (3.4) |
| (2.1) |
| (2.6) |
| (2.2) |
| (0.9) |
| (1.1) |
| (1.0) |
| (1.4) |
| (1.8) |
| (0.6) |
| (2.6) |
| (3.4) |
| (2.1) |
| (2.6) |
| (2.2) |
| (0.9) |
| (1.1) |
| (1.0) |
| - |
| 0.0 |
| (0.0) |
| (0.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.0 |
| 1.0 |
| 1.0 |
| 1.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.5) |
| (2.6) |
| (3.0) |
| (1.7) |
| (3.8) |
| (4.5) |
| (2.1) |
| (2.6) |
| (2.2) |
| (0.9) |
| (1.1) |
| (1.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.7) |
| (3.4) |
| (2.1) |
| (2.6) |
| (2.2) |
| (0.8) |
| - |
| - |