| (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 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q1 FY 22 | Q4 FY 21 | Q3 FY 21 | Q2 FY 21 | 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 | Q3 FY 18 | Q2 FY 18 | Q1 FY 18 | Q3 FY 17 | Q2 FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||||||||
| Revenues | 751.1 | 777.7 | 519.0 | 401.2 | 326.0 | 572.4 | 330.4 | 335.8 | 235.3 | 356.9 | 400.3 | 301.1 | 275.2 | 462.6 | 292.3 | 243.2 | |||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Revenues | 2,449.0 | 2,024.0 | 1,473.9 | 1,333.5 | 1,199.1 | 972.2 | 794.2 | 785.2 | 632.6 | 365.6 | 208.5 |
| Cost of Revenue | 1,724.8 | 1,436.6 | 1,069.2 | 1,135.7 | 1,050.8 | 774.6 | 628.5 | 687.6 | 526.9 | 381.9 | 312.0 |
| Gross Profit | 724.2 | 587.4 | 404.6 | 197.8 | 148.3 | 197.6 | 165.8 | 97.6 | 105.8 | (16.3) | (103.5) |
| Operating Expenses | |||||||||||
| Research & Development | 202.2 | 186.0 | 148.6 | 155.9 | 150.6 | 103.4 | 83.6 | 104.2 | 89.1 | 51.1 | 46.8 |
| Selling General & Administrative | - | - | |||||||||
| Operating Income | |||||||||||
| Operating Income | 164.1 | 72.8 | 22.9 | (208.9) | (261.0) | (114.5) | (80.8) | (232.8) | (165.0) | (155.1) | (241.0) |
| Non-Operating | |||||||||||
| Interest Income | 46.1 | 34.1 | 25.3 | 19.9 | 3.9 | 0.3 | 1.5 | 5.7 | 4.3 | 0.8 | 0.4 |
| Interest Expense | 48.1 | 53.9 | 62.6 | ||||||||
| Tax & Net | |||||||||||
| Income Tax Expense | 2.8 | 2.7 | 0.8 | 1.9 | 1.1 | 1.0 | 0.3 | 0.6 | 1.5 | 0.6 | 0.7 |
| Net Income From Continuing Ops | 10.0 | (87.1) | |||||||||
| Per Share | |||||||||||
| EPS Basic | 0.02 | (0.37) | (0.13) | (1.42) | (1.62) | (0.95) | (1.14) | (2.67) | - | - | - |
| EPS Diluted | 0.02 | (0.37) | (0.13) | ||||||||
| Supplementary Data | |||||||||||
| EBITDA | - | 123.4 | 76.0 | (146.3) | (199.4) | (61.0) | (28.5) | (154.2) | (111.1) | (100.7) | (197.9) |
| EBIT | 164.1 | 72.8 | 22.9 | ||||||||
| 201.0 |
| 342.5 |
| 207.2 |
| 228.5 |
| 194.0 |
| 249.4 |
| 200.3 |
| 187.9 |
| 156.7 |
| 213.5 |
| 224.3 |
| 200.3 |
| 147.0 |
| 104.2 |
| 190.2 |
| 168.9 |
| 169.4 |
| 93.8 |
| 86.8 |
| Cost of Revenue | 525.5 | 537.8 | 367.4 | 294.1 | 237.3 | 353.1 | 251.7 | 267.2 | 197.2 | 264.5 | 405.5 | 244.7 | 220.9 | 391.2 | 241.3 | 245.2 | 173.1 | 273.8 | 170.3 | 191.1 | 139.4 | 185.8 | 144.3 | 161.6 | 136.8 | 188.6 | 181.6 | 172.0 | 145.4 | 98.3 | 166.8 | 136.1 | 125.7 | 108.9 | 92.6 |
| Gross Profit | 225.5 | 239.9 | 151.7 | 107.1 | 88.7 | 219.3 | 78.7 | 68.5 | 38.1 | 92.4 | (5.2) | 56.4 | 54.3 | 71.4 | 50.9 | (2.0) | 27.9 | 68.7 | 36.9 | 37.3 | 54.7 | 63.6 | 56.0 | 26.2 | 19.9 | 24.9 | 42.7 | 28.4 | 1.6 | 5.9 | 23.4 | 32.8 | 43.7 | (15.1) | (5.8) |
| Operating Expenses | |||||||||||||||||||||||||||||||||||
| Research & Development | 56.8 | 55.9 | 48.7 | 40.8 | 40.6 | 39.5 | 36.3 | 37.4 | 35.5 | 33.6 | 35.1 | 41.5 | 45.7 | 38.3 | 36.1 | 41.6 | 34.5 | 26.8 | 27.6 | 25.7 | 23.3 | 21.7 | 19.2 | 19.4 | 23.3 | 22.1 | 23.4 | 29.8 | 28.9 | 33.0 | 27.0 | 14.4 | 14.7 | 12.4 | 12.4 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Selling & Marketing | 38.4 | 41.9 | 42.0 | 24.1 | 22.3 | 21.8 | 14.7 | 17.9 | 13.6 | 16.0 | 20.0 | 26.8 | 27.1 | 25.9 | 23.3 | 20.5 | 21.3 | ||||||||||||||||||
| General & Administrative | 58.1 | 54.6 | 53.1 | 45.8 | 44.9 | 53.3 | 37.4 | 36.4 | 38.0 | 29.9 | 43.4 | 42.5 | 45.1 | 47.8 | 44.1 | 38.1 | 37.7 | ||||||||||||||||||
| Depreciation & Amortization | 13.3 | - | - | - | 12.0 | - | - | - | 12.5 | - | - | - | 18.2 | 15.4 | 15.5 | 16.3 | |||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Total Operating Expenses | 153.4 | 152.4 | 143.8 | 110.6 | 107.8 | 114.6 | 88.4 | 91.7 | 87.1 | 79.5 | 98.5 | 110.8 | 117.9 | 111.9 | 103.5 | 100.2 | |||||||||||||||||||
| Operating Income | |||||||||||||||||||||||||||||||||||
| Operating Income | 72.2 | 87.5 | 7.8 | (3.5) | (19.1) | 104.7 | (9.7) | (23.1) | (49.0) | 12.9 | (103.7) | (54.5) | (63.7) | (40.6) | (52.6) | (102.2) | (65.7) | (13.5) | (43.9) | (42.7) | (14.4) | (4.5) | (0.4) | (29.5) | (46.4) | (47.9) | (34.9) | (63.3) | (86.7) | (99.3) | (66.1) | (5.3) | 5.7 | (47.7) | (41.2) |
| Non-Operating | |||||||||||||||||||||||||||||||||||
| Interest Income | 20.6 | 13.6 | 5.3 | 6.6 | 8.6 | 4.9 | 6.5 | 6.4 | 7.5 | 6.1 | 7.4 | 4.4 | 2.0 | 2.5 | 1.1 | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.8 | 0.9 | 1.2 | 1.7 | 1.9 | 2.0 | 1.5 | 0.4 | 0.4 | - | - |
| Interest Expense | 8.6 | 10.6 | 14.4 | 14.4 | 14.4 | 15.9 | 16.8 | 15.4 | 14.5 | 150.6 | (68.0) | 14.0 | 11.7 | 12.5 | 13.1 | 13.8 | 14.1 | 25.2 | |||||||||||||||||
| Income From Equity Investments | (17.0) | - | (19.6) | - | 0.0 | - | 0.0 | - | - | - | - | - | - | - | - | - | |||||||||||||||||||
| Other Non-Operating Income | 6.2 | (0.9) | (1.4) | 2.4 | 2.0 | 12.2 | 5.8 | (1.0) | (1.2) | 0.9 | (1.6) | (0.7) | (1.3) | 4.7 | 4.5 | (1.2) | (3.0) | ||||||||||||||||||
| Pre-Tax Income | 74.1 | 2.4 | (22.6) | (41.2) | (23.0) | 105.5 | (14.5) | (60.3) | (57.0) | 4.9 | (167.4) | (68.9) | (74.7) | (50.6) | (60.1) | (121.2) | |||||||||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||||||||
| Income Tax Expense | 0.4 | 1.0 | 0.3 | 1.0 | 0.4 | 0.4 | 0.1 | 0.9 | (0.5) | 0.8 | 0.6 | 0.2 | 0.3 | 0.2 | 0.3 | (0.0) | 0.6 | 0.5 | 0.2 | 0.3 | 0.1 | (0.0) | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.3 | 0.2 | 1.1 | (0.0) | 0.1 | 0.3 | 0.3 | 0.2 |
| Net Income From Continuing Ops | 73.7 | 1.4 | (23.0) | (42.2) | (23.4) | 105.2 | (14.6) | (61.2) | (56.5) | 4.1 | (168.1) | (69.1) | (74.9) | (50.8) | (60.4) | (121.2) | (82.7) | ||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income | 73.7 | 1.4 | (23.0) | (42.2) | (23.4) | 105.2 | (14.6) | (61.2) | (56.5) | 4.1 | (168.1) | (69.1) | (74.9) | (50.8) | (60.4) | (121.2) | (82.7) | ||||||||||||||||||
| Net Income Attributable To Parent | 70.7 | 1.1 | (23.1) | (42.6) | (23.8) | 104.8 | (14.7) | (61.8) | (57.5) | 4.5 | (169.0) | (66.1) | (71.6) | (47.5) | (57.1) | (118.8) | |||||||||||||||||||
| Less: Minority Interest | 3.0 | 0.3 | 0.1 | 0.4 | 0.4 | 0.4 | 0.1 | 0.6 | 1.0 | (0.4) | 0.9 | (3.0) | (3.4) | (3.6) | (3.3) | (2.4) | (4.1) | ||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Net Income To Common Shareholders | 70.7 | 1.1 | (23.1) | (42.6) | (23.8) | 104.8 | (14.7) | (61.8) | (57.5) | 4.5 | (169.0) | (66.1) | (71.6) | (47.5) | (57.1) | ||||||||||||||||||||
| Per Share | |||||||||||||||||||||||||||||||||||
| EPS Basic | 0.25 | - | (100.00) | (0.18) | (0.10) | - | (60.00) | (0.27) | (0.25) | - | (0.80) | (0.32) | (0.35) | - | (0.31) | (0.67) | (0.44) | - | (0.30) | (0.31) | (0.15) | - | (0.09) | (0.34) | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | 0.23 | - | (100.00) | (0.18) | (0.10) | - | (60.00) | (0.27) | (0.25) | - | (0.80) | (0.32) | (0.35) | - | (0.31) | (0.67) | (0.44) | - | |||||||||||||||||
| Shares Basic | 281.7 | - | 234.9 | 232.5 | 230.2 | - | 228.0 | 227.2 | 225.6 | - | 210.9 | 208.7 | 206.7 | - | 186.5 | 178.5 | 177.2 | - | |||||||||||||||||
| Shares Diluted | 319.7 | - | 234.9 | 232.5 | 230.2 | - | 228.0 | 227.2 | 225.6 | - | 210.9 | 208.7 | 206.7 | - | 186.5 | 178.5 | 177.2 | - | |||||||||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| EBITDA | 85.5 | - | - | - | (7.1) | - | - | - | (36.5) | - | - | - | (45.5) | (25.1) | (37.1) | (85.9) | (51.3) | - | - | - | (1.0) | - | - | - | (33.4) | - | - | - | (72.5) | - | - | - | 16.5 | - | - |
| EBIT | 72.2 | 87.5 | 7.8 | (3.5) | (19.1) | 104.7 | (9.7) | (23.1) | (49.0) | 12.9 | (103.7) | (54.5) | (63.7) | (40.6) | (52.6) | (102.2) | (65.7) | (13.5) | (43.9) | ||||||||||||||||
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 146.4 | 130.2 | 68.0 | 90.0 | 90.9 | 86.5 | 55.9 | 73.6 | 62.8 | 31.9 | 29.1 |
| General & Administrative | 211.5 | 198.4 | 165.1 | 160.9 | 167.7 | 122.2 | 107.1 | 152.7 | 118.8 | 55.7 | 61.5 |
| Depreciation & Amortization | - | 50.6 | 53.0 | 62.6 | 61.6 | 53.5 | 52.3 | 78.6 | 53.9 | 54.4 | 43.1 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 560.2 | 514.6 | 381.7 | 406.7 | 409.3 | 312.1 | 246.6 | 330.4 | 270.8 | 138.8 | 137.5 |
| 108.3 |
| 53.5 |
| 69.0 |
| 78.8 |
| 94.2 |
| 105.9 |
| 124.3 |
| 81.2 |
| Income From Equity Investments | - | (40.4) | 0.0 | 0.0 | - | - | - | - | - | - | - |
| Other Non-Operating Income | 6.3 | 2.2 | 15.9 | (2.8) | 5.0 | (8.1) | (8.3) | 0.7 | (1.0) | (0.5) | (0.8) |
| Pre-Tax Income | 12.7 | (84.4) | (26.4) | (306.0) | (314.0) | (192.3) | (178.8) | (322.8) | (289.7) | (294.4) | (335.6) |
| (27.2) |
| (307.9) |
| (315.1) |
| (193.4) |
| (179.1) |
| (323.5) |
| (291.3) |
| (295.0) |
| (336.3) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | 10.0 | (87.1) | (27.2) | (307.9) | (315.1) | (193.4) | (179.1) | (323.5) | (291.3) | (295.0) | (336.3) |
| Net Income Attributable To Parent | 6.0 | (88.4) | (29.2) | (302.1) | (301.7) | (164.4) | (157.6) | (304.4) | (273.5) | (276.4) | (279.7) |
| Less: Minority Interest | 3.9 | 1.3 | 2.0 | (5.8) | (13.4) | - | (21.5) | (19.1) | (17.7) | (18.7) | (56.7) |
| Less: Preferred Dividends | - | - | - | - | - | 0.0 | 0.0 | 2.5 | 0.0 | 0.0 | 0.0 |
| Net Income To Common Shareholders | 6.0 | (88.4) | (29.2) | (302.1) | (301.7) | (164.5) | (157.6) | (306.9) | (273.5) | (276.4) | (279.7) |
| (1.42) |
| (1.62) |
| (0.95) |
| (1.14) |
| (2.67) |
| - |
| - |
| - |
| Shares Basic | 281.7 | 240.4 | 227.4 | 212.7 | 185.9 | 173.4 | 138.7 | 115.1 | 53.3 | 10.2 | 10.0 |
| Shares Diluted | 319.7 | 240.4 | 227.4 | 212.7 | 185.9 | 173.4 | 138.7 | 115.1 | 53.3 | 10.2 | 10.0 |
| (208.9) |
| (261.0) |
| (114.5) |
| (80.8) |
| (232.8) |
| (165.0) |
| (155.1) |
| (241.0) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 23.7 |
| 20.1 |
| 22.7 |
| 20.0 |
| 18.8 |
| 11.7 |
| 11.4 |
| 13.9 |
| 17.4 |
| 17.6 |
| 18.2 |
| 20.4 |
| 24.8 |
| 21.5 |
| 8.3 |
| 8.3 |
| 6.6 |
| 8.7 |
| 31.7 |
| 33.0 |
| 31.7 |
| 25.8 |
| 27.6 |
| 25.4 |
| 24.9 |
| 29.1 |
| 33.3 |
| 36.6 |
| 43.7 |
| 39.1 |
| 47.5 |
| 41.0 |
| 15.4 |
| 15.0 |
| 13.7 |
| 14.3 |
| 14.4 |
| - |
| - |
| - |
| 13.4 |
| - |
| - |
| - |
| 13.0 |
| - |
| - |
| - |
| 14.2 |
| - |
| - |
| - |
| 10.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 93.6 |
| 82.2 |
| 80.8 |
| 80.1 |
| 69.0 |
| 68.1 |
| 56.4 |
| 55.7 |
| 66.3 |
| 72.8 |
| 77.6 |
| 91.6 |
| 88.3 |
| 105.3 |
| 89.5 |
| 38.0 |
| 38.0 |
| 32.6 |
| 35.4 |
| 14.5 |
| 14.6 |
| 14.7 |
| 21.2 |
| 20.3 |
| 15.2 |
| 22.1 |
| 23.6 |
| 22.9 |
| 24.3 |
| 23.4 |
| 37.9 |
| 18.8 |
| 25.2 |
| 24.0 |
| 28.9 |
| 25.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (10.1) |
| 2.0 |
| 0.0 |
| (0.1) |
| (4.2) |
| (0.2) |
| (3.9) |
| (0.0) |
| 0.1 |
| 0.5 |
| (0.2) |
| 0.3 |
| 0.6 |
| (0.7) |
| (0.9) |
| (0.1) |
| (0.0) |
| 0.0 |
| (82.2) |
| (48.1) |
| (56.5) |
| (58.1) |
| (29.7) |
| (31.6) |
| (17.9) |
| (47.8) |
| (81.5) |
| (71.0) |
| (56.6) |
| (86.7) |
| (108.5) |
| (135.2) |
| (82.5) |
| (50.1) |
| (22.0) |
| (76.0) |
| (67.4) |
| (48.5) |
| (56.7) |
| (58.4) |
| (29.8) |
| (31.6) |
| (17.9) |
| (48.0) |
| (81.6) |
| (71.0) |
| (56.8) |
| (86.9) |
| (108.8) |
| (136.2) |
| (82.5) |
| (50.2) |
| (22.3) |
| (76.4) |
| (67.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (48.5) |
| (56.7) |
| (58.4) |
| (29.8) |
| (31.6) |
| (17.9) |
| (48.0) |
| (81.6) |
| (71.0) |
| (56.8) |
| (86.9) |
| (108.8) |
| (136.2) |
| (82.5) |
| (50.2) |
| (22.3) |
| (76.4) |
| (67.6) |
| (78.4) |
| (33.3) |
| (52.4) |
| (53.9) |
| (24.9) |
| (27.1) |
| (12.0) |
| (42.5) |
| (75.9) |
| (65.8) |
| (51.8) |
| (81.9) |
| (104.9) |
| (131.6) |
| (78.6) |
| (45.7) |
| (17.7) |
| (71.8) |
| (63.5) |
| - |
| (4.3) |
| (4.5) |
| (4.9) |
| (4.5) |
| (5.9) |
| (5.5) |
| (5.7) |
| (5.2) |
| (5.0) |
| (5.0) |
| (3.8) |
| (4.7) |
| (3.9) |
| (4.5) |
| (4.6) |
| (4.5) |
| (4.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| - |
| 0.0 |
| 0.0 |
| (118.8) |
| (78.4) |
| (33.4) |
| (52.4) |
| (53.9) |
| (24.9) |
| (27.2) |
| (12.0) |
| (42.5) |
| (75.9) |
| (68.3) |
| (51.8) |
| (81.9) |
| (104.9) |
| (131.6) |
| (78.6) |
| (45.7) |
| (17.7) |
| (71.8) |
| (63.5) |
| (0.30) |
| (0.31) |
| (0.15) |
| - |
| (0.09) |
| (0.34) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 174.3 |
| 172.7 |
| 170.7 |
| - |
| 139.0 |
| 125.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| 81.3 |
| 10.5 |
| - |
| 10.3 |
| 10.2 |
| 174.3 |
| 172.7 |
| 170.7 |
| - |
| 139.0 |
| 125.9 |
| - |
| - |
| - |
| - |
| - |
| - |
| 81.3 |
| 10.5 |
| - |
| 10.3 |
| 10.2 |
| (42.7) |
| (14.4) |
| (4.5) |
| (0.4) |
| (29.5) |
| (46.4) |
| (47.9) |
| (34.9) |
| (63.3) |
| (86.7) |
| (99.3) |
| (66.1) |
| (5.3) |
| 5.7 |
| (47.7) |
| (41.2) |