| (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 | Q3 FY 23 | Q2 FY 23 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q4 FY 21 | Q3 FY 21 | Q2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||||||
| Revenues | 58.2 | 61.6 | 70.2 | 75.0 | 68.7 | 76.7 | 81.0 | 93.2 | 75.6 | 75.3 | 92.2 | 82.5 | 147.0 | 109.5 | 106.4 | 149.4 | |||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 265.0 | 275.5 | 326.5 | 343.4 | 418.9 | 464.7 | 406.8 | 297.9 | 87.9 | 32.6 |
| Cost of Revenue | 248.4 | 267.9 | 284.8 | 426.0 | 442.7 | 347.4 | 284.5 | 198.1 | 70.4 | 34.8 |
| Gross Profit | 16.6 | 7.6 | 41.7 | (82.7) | (23.7) | 117.3 | 122.3 | 99.8 | 17.6 | (2.2) |
| Operating Expenses | ||||||||||
| Research & Development | 21.0 | 23.2 | 28.1 | 39.5 | 62.3 | 66.9 | 31.5 | 20.7 | 9.6 | 5.7 |
| Selling General & Administrative | 205.6 | 217.8 | 169.7 | |||||||
| Operating Income | ||||||||||
| Operating Income | (310.4) | (333.6) | (156.1) | (341.9) | (342.8) | (174.9) | (49.3) | (0.5) | (28.0) | (28.6) |
| Non-Operating | ||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 19.7 | 14.0 | 4.1 | 4.0 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | 251.6 | 219.0 | (160.3) | |||||||
| Per Share | ||||||||||
| EPS Basic | 0.44 | 1.15 | (2.43) | (5.26) | (5.75) | (2.88) | (0.85) | (0.29) | - | - |
| EPS Diluted | 0.44 | (1.83) | (2.43) | (5.26) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (278.2) | (300.8) | (133.0) | (293.8) | (310.2) | (153.3) | (36.0) | 7.6 | (23.1) | (25.4) |
| EBIT | (310.4) | (333.6) | (156.1) | (341.9) | ||||||
| 108.2 |
| 101.9 |
| 94.4 |
| 113.3 |
| 97.1 |
| 98.5 |
| 92.0 |
| 67.3 |
| 40.2 |
| 31.5 |
| 26.3 |
| 17.4 |
| 12.8 |
| Cost of Revenue | 56.2 | 62.8 | 63.0 | 66.4 | 75.7 | 66.7 | 66.7 | 79.5 | 71.9 | 82.6 | 86.1 | 97.3 | 153.2 | 109.3 | 83.5 | 102.1 | 75.5 | 76.5 | 68.9 | 79.7 | 59.4 | 65.0 | 59.2 | 44.5 | 29.4 | 23.7 | 21.2 | 14.8 | 10.7 |
| Gross Profit | 2.0 | (1.2) | 7.2 | 8.6 | (6.9) | 10.0 | 14.3 | 13.7 | 3.7 | (7.3) | 6.2 | (14.8) | (6.2) | 0.2 | 23.0 | 47.4 | 32.7 | 25.4 | 25.5 | 33.7 | 37.7 | 33.5 | 32.8 | 22.7 | 10.8 | 7.9 | 5.0 | 2.6 | 2.1 |
| Operating Expenses | |||||||||||||||||||||||||||||
| Research & Development | 5.2 | 5.0 | 4.9 | 5.8 | 7.5 | 6.7 | 6.1 | 5.5 | 9.9 | 9.1 | 12.4 | 13.4 | 16.2 | 19.7 | 14.9 | 13.8 | 15.9 | 11.0 | 8.3 | 6.0 | 6.2 | 6.0 | 6.0 | 4.2 | 4.5 | 3.3 | 2.2 | 2.5 | 1.6 |
| Selling General & Administrative | 37.9 | 92.8 | 37.2 | 37.7 | 50.0 | 41.1 | 39.1 | 42.2 | 47.3 | 53.3 | 51.9 | 54.5 | 63.0 | 75.1 | 56.4 | 48.3 | |||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Depreciation & Amortization | 6.8 | 7.7 | 9.4 | 8.3 | 7.4 | 5.7 | 5.3 | 5.2 | 7.0 | 5.8 | 6.0 | 8.4 | 7.7 | 7.1 | 5.7 | 4.9 | |||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Total Operating Expenses | 43.1 | 120.8 | 119.6 | 43.5 | 57.4 | 47.8 | 45.2 | 47.6 | 57.1 | 62.4 | 63.9 | 74.9 | 83.5 | 97.8 | 77.0 | 66.0 | |||||||||||||
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (41.1) | (122.0) | (112.3) | (34.9) | (64.4) | (37.8) | (30.9) | (33.9) | (53.5) | (69.6) | (57.7) | (89.7) | (89.7) | (97.6) | (54.0) | (18.6) | (24.6) | (24.5) | (18.5) | (8.2) | 1.8 | (0.9) | 3.6 | 2.2 | (5.3) | (7.1) | (8.0) | (7.3) | (5.6) |
| Non-Operating | |||||||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 6.7 | 6.6 | 4.4 | 2.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.0 | 1.0 | 1.0 | 0.6 | 0.6 | |||||||||||
| Income From Equity Investments | (0.0) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | 0.0 | (0.1) | (3.2) | (8.7) | (1.4) | (0.7) | (0.6) | (0.2) | |||||||||||||
| Other Non-Operating Income | 12.6 | 542.1 | 1.7 | 5.7 | 3.3 | (7.0) | 4.4 | (0.6) | (0.9) | (0.7) | 1.9 | (3.2) | (6.0) | (2.1) | (0.2) | (0.8) | (2.2) | ||||||||||||
| Pre-Tax Income | (28.5) | 420.0 | (110.7) | (29.2) | (61.1) | (44.9) | (26.5) | (34.5) | (54.4) | (70.4) | (55.8) | (92.9) | (95.7) | (99.8) | (54.2) | (19.4) | |||||||||||||
| Tax & Net | |||||||||||||||||||||||||||||
| Income Tax Expense | 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 | 0.0 | 0.0 | 0.1 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income From Continuing Ops | (28.5) | 420.0 | (110.7) | (29.2) | (61.1) | (44.9) | (26.6) | (34.5) | (54.4) | (70.5) | (59.0) | (101.7) | (97.1) | (100.5) | (54.8) | (19.7) | (27.3) | ||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income | (28.5) | 420.0 | (110.7) | (29.2) | (61.1) | (44.9) | (26.6) | (34.5) | (54.4) | (70.5) | (59.0) | (101.7) | (97.1) | (100.5) | (54.8) | (19.7) | (27.3) | ||||||||||||
| Net Income Attributable To Parent | (28.5) | 420.0 | (110.7) | (29.2) | (61.1) | (44.9) | (26.6) | (34.5) | (54.4) | (70.5) | (59.0) | (101.7) | (97.1) | (100.5) | (54.8) | (19.7) | |||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Net Income To Common Shareholders | (28.5) | 370.9 | (110.7) | (29.2) | (52.9) | (44.9) | (26.6) | (34.5) | (54.4) | (70.5) | (59.0) | (101.7) | (97.1) | (100.5) | (54.8) | ||||||||||||||
| Per Share | |||||||||||||||||||||||||||||
| EPS Basic | (0.06) | - | (1.44) | (0.38) | (0.80) | - | (0.41) | (0.53) | (0.84) | (1.09) | (0.92) | (1.60) | (1.53) | (1.58) | (0.87) | (0.31) | (0.43) | - | (0.31) | (0.16) | 0.03 | - | 0.07 | - | (0.95) | - | (1.45) | - | - |
| EPS Diluted | (0.06) | - | (1.44) | (0.38) | (0.80) | - | (0.41) | (0.53) | (0.84) | (1.09) | (0.92) | (1.60) | (1.53) | (1.58) | (0.87) | (0.31) | (0.43) | - | |||||||||||
| Shares Basic | 455.3 | - | 76.7 | 76.5 | 76.2 | - | 65.1 | 64.9 | 64.7 | 64.4 | 64.0 | 63.7 | 63.6 | 63.5 | 63.3 | 63.1 | 62.9 | - | |||||||||||
| Shares Diluted | 455.3 | - | 76.7 | 76.5 | 76.2 | - | 65.1 | 64.9 | 64.7 | 64.4 | 64.0 | 63.7 | 63.6 | 63.5 | 63.3 | 63.1 | 62.9 | - | |||||||||||
| Supplementary Data | |||||||||||||||||||||||||||||
| EBITDA | (34.3) | (114.4) | (102.9) | (26.6) | (57.0) | (32.2) | (25.6) | (28.7) | (46.5) | (63.8) | (51.7) | (81.3) | (82.0) | (90.5) | (48.3) | (13.7) | (20.3) | (20.5) | (15.1) | (4.9) | 4.4 | 1.2 | 5.6 | 4.3 | (3.4) | (5.2) | (6.6) | (6.4) | (4.8) |
| EBIT | (41.1) | (122.0) | (112.3) | (34.9) | (64.4) | (37.8) | (30.9) | (33.9) | (53.5) | (69.6) | (57.7) | (89.7) | (89.7) | (97.6) | (54.0) | (18.6) | (24.6) | (24.5) | (18.5) | ||||||||||
| 203.7 |
| 239.5 |
| 209.5 |
| 133.7 |
| 74.7 |
| 34.5 |
| 17.1 |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | 32.2 | 32.8 | 23.1 | 48.1 | 32.6 | 21.7 | 13.3 | 8.1 | 4.9 | 3.2 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 326.9 | 341.3 | 197.8 | 259.2 | 319.0 | 292.2 | 171.6 | 100.2 | 45.6 | 26.4 |
| 4.0 |
| 3.6 |
| 2.6 |
| 3.1 |
| 1.1 |
| 1.0 |
| Income From Equity Investments | (0.1) | (0.1) | (0.1) | (3.9) | (18.9) | (3.0) | 0.0 | 0.0 | - | - |
| Other Non-Operating Income | 562.1 | 552.7 | (4.1) | 7.7 | (4.4) | (4.1) | (3.3) | (11.9) | (1.9) | (1.8) |
| Pre-Tax Income | 251.7 | 219.1 | (160.2) | (334.2) | (347.2) | (179.1) | (52.7) | (12.4) | (29.9) | (30.4) |
| (338.1) |
| (366.1) |
| (182.1) |
| (52.8) |
| (12.4) |
| (29.9) |
| (30.4) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | 251.6 | 219.0 | (160.3) | (338.1) | (366.1) | (182.1) | (52.8) | (12.4) | (29.9) | (30.4) |
| Net Income Attributable To Parent | 251.6 | 219.0 | (160.3) | (338.1) | (366.1) | (182.1) | (52.8) | (12.4) | (29.9) | (30.4) |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | 202.4 | 178.0 | (160.3) | (338.1) | (366.1) | (182.1) | (52.8) | (12.4) | (29.9) | (30.4) |
| (5.75) |
| (2.88) |
| (0.85) |
| (0.29) |
| - |
| - |
| Shares Basic | 455.3 | 155.3 | 66.0 | 64.3 | 63.6 | 63.2 | 62.3 | 42.3 | 6.3 | 5.5 |
| Shares Diluted | 455.3 | 180.9 | 66.0 | 64.3 | 63.6 | 63.2 | 62.3 | 42.3 | 6.3 | 5.5 |
| (342.8) |
| (174.9) |
| (49.3) |
| (0.5) |
| (28.0) |
| (28.6) |
| 39.0 |
| 38.5 |
| 33.6 |
| 34.3 |
| 27.3 |
| 27.1 |
| 20.9 |
| 15.5 |
| 11.2 |
| 11.3 |
| 10.4 |
| 7.0 |
| 5.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.3 |
| 4.0 |
| 3.4 |
| 3.3 |
| 2.6 |
| 2.1 |
| 2.0 |
| 2.1 |
| 1.9 |
| 1.9 |
| 1.4 |
| 0.9 |
| 0.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 57.4 |
| 49.9 |
| 44.0 |
| 41.8 |
| 35.9 |
| 34.4 |
| 29.2 |
| 20.6 |
| 16.1 |
| 15.0 |
| 13.0 |
| 9.9 |
| 7.6 |
| 0.7 |
| 0.6 |
| 0.7 |
| 0.7 |
| 0.9 |
| 0.7 |
| 0.7 |
| 0.7 |
| 0.3 |
| 0.0 |
| 0.0 |
| (0.4) |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (0.5) |
| (0.8) |
| (2.0) |
| 0.0 |
| 0.5 |
| 0.5 |
| (11.6) |
| (1.4) |
| (0.3) |
| (1.3) |
| (0.1) |
| (0.1) |
| (26.8) |
| (25.1) |
| (19.2) |
| (10.2) |
| 1.8 |
| (0.5) |
| 4.1 |
| (9.4) |
| (6.6) |
| (7.5) |
| (9.3) |
| (7.4) |
| (5.7) |
| (25.1) |
| (19.3) |
| (10.2) |
| 1.8 |
| (0.5) |
| 4.1 |
| (9.4) |
| (6.6) |
| (7.5) |
| (9.3) |
| (7.4) |
| (5.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (25.1) |
| (19.3) |
| (10.2) |
| 1.8 |
| (0.5) |
| 4.1 |
| (9.4) |
| (6.6) |
| (7.5) |
| (9.3) |
| (7.4) |
| (5.7) |
| (27.3) |
| (25.1) |
| (19.3) |
| (10.2) |
| 1.8 |
| (0.5) |
| 4.1 |
| (9.4) |
| (6.6) |
| (7.5) |
| (9.3) |
| (7.4) |
| (5.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (19.7) |
| (27.3) |
| (25.1) |
| (19.3) |
| (10.2) |
| 1.8 |
| (0.4) |
| 4.1 |
| (9.4) |
| (6.6) |
| (7.5) |
| (9.3) |
| (7.4) |
| (5.7) |
| (0.31) |
| (0.16) |
| 0.03 |
| - |
| 0.06 |
| - |
| (0.95) |
| - |
| (1.45) |
| - |
| - |
| 62.5 |
| 62.1 |
| 61.7 |
| - |
| 60.4 |
| 39.1 |
| 7.0 |
| - |
| 6.4 |
| - |
| - |
| 62.5 |
| 62.1 |
| 65.9 |
| - |
| 66.0 |
| 39.1 |
| 7.0 |
| - |
| 6.4 |
| 6.1 |
| 5.8 |
| (8.2) |
| 1.8 |
| (0.9) |
| 3.6 |
| 2.2 |
| (5.3) |
| (7.1) |
| (8.0) |
| (7.3) |
| (5.6) |