| (in millions of USD, except per-share data) | Q1 FY 26 | Q4 FY 25 | Q3 FY 25 | Q2 FY 25 | Q1 FY 25 | Q4 FY 24 | Q3 FY 24 | Q2 FY 24 | Q1 FY 24 | Q4 FY 23 | Q3 FY 23 | Q2 FY 23 | Q1 FY 23 | Q3 FY 22 | Q1 FY 21 | Q4 FY 20 | Q3 FY 20 | Q2 FY 20 | Q1 FY 20 | Q4 FY 19 | Q3 FY 19 | Q2 FY 19 | Q1 FY 19 | Q4 FY 18 | Q2 FY 18 | Q1 FY 18 | Q4 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||
| Revenues | 26.2 | 24.3 | 21.2 | 20.9 | 9.0 | 0.0 | 0.0 | 0.0 | 10.1 | - | - | - | - | - | 0.3 | - | |||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 92.6 | 75.4 | 10.1 | 1.7 | - | - | - | 2.9 | 1.4 | 1.7 | 1.2 |
| Cost of Revenue | 103.0 | 96.4 | 11.4 | 0.0 | - | - | - | - | - | - | - |
| Gross Profit | (10.4) | (21.0) | (1.3) | 1.7 | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||
| Research & Development | 112.2 | 117.7 | 138.4 | 130.5 | 117.4 | 110.8 | 134.9 | 105.4 | 36.2 | 16.0 | 10.4 |
| Selling General & Administrative | 142.3 | 131.9 | |||||||||
| Operating Income | |||||||||||
| Operating Income | (264.8) | (270.5) | (241.4) | (179.7) | (143.4) | (141.1) | (168.1) | (146.1) | (57.5) | (23.4) | - |
| Non-Operating | |||||||||||
| Interest Income | 15.3 | 19.0 | 32.4 | 13.5 | 1.7 | 0.3 | 0.5 | 2.5 | 1.5 | 0.1 | 0.1 |
| Interest Expense | 37.7 | 36.7 | 9.3 | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | 0.6 | 2.0 | 1.5 | (0.0) | 0.3 | 0.1 | (24.2) | (15.2) | (7.3) | (3.7) | (1.8) |
| Net Income From Continuing Ops | (289.0) | (287.5) | |||||||||
| Per Share | |||||||||||
| EPS Basic | (1.09) | (1.08) | (0.86) | (1.20) | (1.57) | (1.97) | (2.76) | (2.88) | - | - | - |
| EPS Diluted | (1.09) | (1.08) | (0.86) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | (256.3) | (262.2) | (233.9) | (173.1) | (136.0) | (132.6) | (162.5) | (141.5) | (55.8) | (22.4) | - |
| EBIT | (264.8) | (270.5) | (241.4) | ||||||||
| - |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 0.3 |
| 2.0 |
| - |
| 0.4 |
| - |
| 0.2 |
| Cost of Revenue | 24.6 | 25.3 | 28.6 | 24.4 | 18.0 | 11.4 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 1.7 | (1.0) | (7.4) | (3.5) | (9.0) | (11.4) | 0.0 | 0.0 | 10.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | |||||||||||||||||||||||||||
| Research & Development | 21.2 | 35.6 | 27.9 | 27.4 | 26.7 | 30.8 | 40.3 | 36.6 | 30.7 | 37.5 | 32.3 | 33.2 | 27.4 | 37.6 | 30.7 | 38.7 | 33.5 | 31.3 | 31.3 | 29.4 | 27.3 | 26.2 | 22.6 | - | 8.9 | - | 5.6 |
| Selling General & Administrative | 40.0 | 35.8 | 36.3 | 30.3 | 29.5 | 34.3 | 27.3 | 21.9 | 18.2 | - | - | - | - | - | - | - | |||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| General & Administrative | - | - | - | - | - | - | 27.3 | 21.9 | 18.2 | 15.7 | 10.6 | 11.1 | 9.3 | 8.2 | 8.7 | 9.0 | 9.8 | ||||||||||
| Depreciation & Amortization | 2.2 | 2.1 | 2.1 | 2.1 | 2.0 | 1.9 | 1.9 | 1.9 | 1.8 | 1.8 | 1.4 | 1.5 | 1.9 | 1.8 | 1.7 | 1.7 | |||||||||||
| Amortization of Intangibles | 0.5 | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | ||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Operating Income | |||||||||||||||||||||||||||
| Operating Income | (59.5) | (72.5) | (71.6) | (61.2) | (65.2) | (75.9) | (67.9) | (58.9) | (38.8) | (53.3) | (42.9) | (44.4) | (39.1) | (43.5) | (39.9) | (47.3) | (42.7) | (39.5) | (38.6) | (43.1) | (35.6) | (37.2) | (30.2) | - | - | - | - |
| Non-Operating | |||||||||||||||||||||||||||
| Interest Income | 2.5 | 3.2 | 4.4 | 5.2 | 6.1 | 7.4 | 8.3 | 9.7 | 6.9 | 3.0 | 3.6 | 3.4 | 3.4 | 0.2 | - | - | - | - | 0.5 | 0.4 | 0.5 | 1.1 | 0.5 | - | 0.3 | - | 0.2 |
| Interest Expense | 11.1 | 22.8 | 10.5 | (6.8) | 10.1 | (30.8) | 10.7 | 10.2 | 19.3 | 30.1 | 5.0 | 5.0 | 4.9 | 1.9 | - | - | - | - | |||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Other Non-Operating Income | (11.2) | (19.0) | (7.0) | 13.7 | (2.7) | 49.7 | (14.2) | 0.7 | (13.9) | (23.9) | (3.0) | (1.1) | (0.7) | (5.4) | 0.9 | (1.1) | (2.5) | ||||||||||
| Pre-Tax Income | (70.7) | (91.5) | (78.6) | (47.5) | (67.9) | (26.1) | (82.1) | (58.2) | (52.7) | (77.2) | (45.9) | (45.5) | (39.8) | (48.9) | (39.0) | (48.4) | |||||||||||
| Tax & Net | |||||||||||||||||||||||||||
| Income Tax Expense | 0.9 | (1.2) | 0.5 | 0.4 | 2.2 | 1.5 | 0.0 | 0.1 | (0.0) | (0.0) | (0.0) | 0.0 | (0.0) | (6.2) | (5.7) | (5.6) | (7.9) | (7.0) | (3.7) | (3.9) | (4.6) | (3.3) | (3.4) | - | (2.2) | - | (1.4) |
| Net Income From Continuing Ops | (71.6) | (90.3) | (79.1) | (47.9) | (70.2) | (27.6) | (82.1) | (58.3) | (52.7) | (77.2) | (45.8) | (45.6) | (39.8) | (42.8) | (33.3) | (42.9) | (37.3) | ||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Net Income | (71.6) | (90.3) | (79.1) | (47.9) | (70.2) | (27.6) | (82.1) | (58.3) | (52.7) | (77.2) | (45.8) | (45.6) | (39.8) | (42.8) | (33.3) | (42.9) | (37.3) | ||||||||||
| Net Income Attributable To Parent | (71.6) | (90.3) | (79.1) | (47.9) | (70.2) | (27.6) | (82.1) | (58.3) | (52.7) | (77.2) | (45.8) | (45.6) | (39.8) | (42.8) | (33.3) | (42.9) | |||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
| Net Income To Common Shareholders | (71.6) | (90.3) | (79.1) | (47.9) | (70.2) | (27.6) | (82.1) | (58.3) | (52.7) | (77.2) | (45.8) | (45.6) | (39.8) | (42.8) | (33.3) | ||||||||||||
| Per Share | |||||||||||||||||||||||||||
| EPS Basic | (0.27) | - | (0.30) | (0.18) | (0.26) | - | (0.31) | (0.22) | (0.24) | - | (0.26) | (0.26) | (0.23) | (0.47) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.27) | - | (0.30) | (0.18) | (0.26) | - | (0.31) | (0.22) | (0.24) | - | (0.26) | (0.26) | (0.23) | (0.47) | - | - | - | - | |||||||||
| Shares Basic | 266.1 | - | 266.1 | 266.1 | 266.1 | - | 266.1 | 266.0 | 222.2 | - | 174.0 | 173.9 | 173.8 | 91.2 | - | - | - | - | |||||||||
| Shares Diluted | 266.1 | - | 266.1 | 266.1 | 266.1 | - | 266.1 | 266.0 | 222.2 | - | 174.0 | 173.9 | 173.8 | 91.2 | - | - | - | - | |||||||||
| Supplementary Data | |||||||||||||||||||||||||||
| EBITDA | (57.3) | (70.4) | (69.5) | (59.1) | (63.2) | (73.9) | (66.0) | (57.0) | (37.0) | (51.5) | (41.5) | (42.9) | (37.2) | (41.7) | (38.2) | (45.6) | (41.2) | (38.3) | (37.3) | (42.3) | (34.5) | (36.1) | (28.5) | - | - | - | - |
| EBIT | (59.5) | (72.5) | (71.6) | (61.2) | (65.2) | (75.9) | (67.9) | (58.9) | (38.8) | (53.3) | (42.9) | (44.4) | (39.1) | (43.5) | (39.9) | (47.3) | (42.7) | (39.5) | (38.6) | ||||||||
| 101.7 |
| 46.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | 46.7 | 31.9 | 31.9 | 35.0 | 39.5 | 22.8 | 9.1 | 5.2 |
| Depreciation & Amortization | 8.5 | 8.3 | 7.6 | 6.6 | 7.4 | 8.5 | 5.7 | 4.6 | 1.7 | 1.0 | 0.5 |
| Amortization of Intangibles | 1.7 | 1.5 | 0.2 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | 57.5 | 23.4 | 14.4 |
| 45.1 |
| 8.9 |
| 1.1 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (23.5) | (15.0) | 22.3 | (28.7) | (5.2) | (1.0) | 1.9 | 7.1 | 5.5 | 0.0 | 0.0 |
| Pre-Tax Income | (288.4) | (285.6) | (219.1) | (208.4) | (148.6) | (142.0) | (166.3) | (139.0) | (52.0) | (23.4) | (14.3) |
| (220.7) |
| (208.4) |
| (148.8) |
| (142.1) |
| (142.1) |
| (123.8) |
| (44.8) |
| (19.7) |
| (12.6) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (289.0) | (287.5) | (220.7) | (208.4) | (148.8) | (142.1) | (142.1) | (123.8) | (44.8) | (19.7) | (12.6) |
| Net Income Attributable To Parent | (289.0) | (287.5) | (220.7) | (208.4) | (148.8) | (142.1) | (142.1) | (123.8) | (44.8) | (19.7) | (12.6) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (289.0) | (287.5) | (220.7) | (208.4) | (148.8) | (142.1) | (142.1) | (123.8) | (44.8) | (19.7) | (12.6) |
| (1.20) |
| (1.57) |
| (1.97) |
| (2.76) |
| (2.88) |
| - |
| - |
| - |
| Shares Basic | 266.1 | 266.1 | 255.2 | 173.9 | 95.0 | 72.1 | 51.6 | 43.1 | - | - | - |
| Shares Diluted | 266.1 | 266.1 | 255.2 | 173.9 | 95.0 | 72.1 | 51.6 | 43.1 | - | - | - |
| (179.7) |
| (143.4) |
| (141.1) |
| (168.1) |
| (146.1) |
| (57.5) |
| (23.4) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.5 |
| 7.6 |
| 9.9 |
| 8.6 |
| 11.4 |
| 9.6 |
| - |
| 8.1 |
| - |
| 3.1 |
| 1.5 |
| 1.2 |
| 1.3 |
| 0.8 |
| 1.1 |
| 1.1 |
| 1.6 |
| - |
| 0.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 35.6 |
| 37.2 |
| - |
| - |
| 16.5 |
| - |
| 8.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.5 |
| 5.0 |
| (1.7) |
| 3.8 |
| 5.5 |
| (0.4) |
| - |
| 6.7 |
| - |
| (0.5) |
| (45.2) |
| (39.1) |
| (33.6) |
| (44.8) |
| (31.8) |
| (31.8) |
| (30.6) |
| - |
| (9.9) |
| - |
| (8.9) |
| (32.0) |
| (29.9) |
| (40.9) |
| (27.2) |
| (28.5) |
| (27.2) |
| (7.5) |
| (7.7) |
| (16.7) |
| (7.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (32.0) |
| (29.9) |
| (40.9) |
| (27.2) |
| (28.5) |
| (27.2) |
| (7.5) |
| (7.7) |
| (16.7) |
| (7.5) |
| (37.3) |
| (32.0) |
| (29.9) |
| (40.9) |
| (27.2) |
| (28.5) |
| (27.2) |
| (7.5) |
| (7.7) |
| (16.7) |
| (7.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (42.9) |
| (37.3) |
| (32.0) |
| (29.9) |
| (40.9) |
| (27.2) |
| (28.5) |
| (27.2) |
| (7.5) |
| (7.7) |
| (16.7) |
| (7.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (43.1) |
| (35.6) |
| (37.2) |
| (30.2) |
| - |
| - |
| - |
| - |