| (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||||||
| Revenues | 310.0 | 291.2 | 306.5 | 251.6 | 264.3 | 300.6 | 259.1 | 178.3 | 126.6 | 117.2 | 74.6 | 84.8 | 111.6 | 124.0 | 89.0 | 103.4 | |||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 1,159.3 | 1,113.6 | 864.7 | 388.1 | 459.1 | 645.3 | 584.8 | 408.0 | 296.9 |
| Cost of Revenue | 986.7 | 946.1 | 721.1 | 321.4 | 389.0 | 543.8 | 499.4 | 342.9 | 247.7 |
| Gross Profit | 172.6 | 167.5 | 143.6 | 66.7 | 70.1 | 101.5 | 85.4 | 65.1 | 49.2 |
| Operating Expenses | |||||||||
| Research & Development | 22.0 | 21.4 | 19.8 | 18.5 | 21.1 | 15.2 | 12.4 | 7.0 | 10.3 |
| Selling General & Administrative | - | - | - | - | |||||
| Operating Income | |||||||||
| Operating Income | 44.4 | 22.1 | 42.7 | (39.9) | (35.4) | 2.1 | 19.5 | 24.8 | 19.3 |
| Non-Operating | |||||||||
| Interest Income | - | - | - | - | - | - | - | - | - |
| Interest Expense | 10.7 | 11.2 | 14.4 | 15.3 | 9.2 | ||||
| Tax & Net | |||||||||
| Income Tax Expense | (131.3) | (137.8) | 1.4 | (0.5) | 102.9 | (1.0) | (1.3) | 0.0 | - |
| Net Income From Continuing Ops | 43.1 | 26.8 | 22.1 | (56.6) | |||||
| Per Share | |||||||||
| EPS Basic | 0.70 | 0.46 | 0.31 | (0.89) | (1.37) | (0.14) | (0.14) | - | - |
| EPS Diluted | 0.70 | 0.39 | 0.31 | (0.89) | (1.37) | ||||
| Supplementary Data | |||||||||
| EBITDA | - | 22.4 | 43.0 | (39.6) | (35.0) | 2.5 | 19.8 | 25.1 | 19.5 |
| EBIT | 44.4 | 22.1 | 42.7 | (39.9) | (35.4) | ||||
| 142.6 |
| 161.6 |
| 152.7 |
| 157.4 |
| 173.6 |
| 190.2 |
| 151.5 |
| 123.6 |
| 119.4 |
| Cost of Revenue | 263.3 | 246.3 | 263.1 | 213.9 | 222.7 | 251.7 | 219.9 | 146.6 | 103.0 | 94.9 | 62.3 | 71.0 | 93.3 | 103.9 | 76.3 | 87.9 | 120.9 | 136.2 | 128.1 | 132.3 | 147.2 | 163.7 | 130.8 | 104.2 | 100.7 |
| Gross Profit | 46.7 | 44.8 | 43.4 | 37.7 | 41.6 | 49.0 | 39.2 | 31.7 | 23.7 | 22.3 | 12.3 | 13.8 | 18.4 | 20.1 | 12.7 | 15.5 | 21.7 | 25.4 | 24.7 | 25.0 | 26.4 | 26.5 | 20.7 | 19.4 | 18.8 |
| Operating Expenses | |||||||||||||||||||||||||
| Research & Development | 5.5 | 5.3 | 5.8 | 5.4 | 4.9 | 5.0 | 5.3 | 5.1 | 4.4 | 3.9 | 4.3 | 5.1 | 5.2 | 4.9 | 5.3 | 5.7 | 5.2 | 4.3 | 3.8 | 3.8 | 3.3 | 7.0 | 1.8 | 1.9 | 1.8 |
| Selling General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||
| Selling & Marketing | 5.3 | 5.0 | 5.2 | 5.2 | 5.6 | 6.1 | 6.5 | 6.3 | 5.8 | 5.6 | 6.1 | 6.7 | 7.0 | 6.8 | 6.9 | 8.0 | 7.2 | ||||||||
| General & Administrative | 13.5 | 12.2 | 12.6 | 47.1 | 17.6 | 19.6 | 11.8 | 13.8 | 11.1 | 12.3 | 16.6 | 18.1 | 15.8 | 15.0 | 11.1 | 12.3 | 17.1 | ||||||||
| Depreciation & Amortization | 0.1 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | 0.1 | - | - | - | |||||||||
| Amortization of Intangibles | 0.5 | 0.5 | 0.5 | 0.5 | 1.4 | 1.6 | 1.6 | 1.6 | 1.6 | 1.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 0.7 | ||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Total Operating Expenses | 287.6 | 268.8 | 286.8 | 271.7 | 264.2 | 282.4 | 243.5 | 171.8 | 124.3 | 116.7 | 89.3 | 100.8 | 121.2 | 130.5 | 99.6 | 113.9 | |||||||||
| Operating Income | |||||||||||||||||||||||||
| Operating Income | 22.4 | 22.3 | 19.7 | (20.0) | 0.1 | 18.3 | 15.6 | 6.5 | 2.4 | 0.4 | (14.7) | (16.1) | (9.5) | (6.5) | (10.6) | (10.4) | (7.9) | (1.6) | (0.1) | 1.9 | 1.9 | (11.1) | 8.4 | 11.7 | 10.6 |
| Non-Operating | |||||||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 2.4 | 2.6 | 2.8 | 2.9 | 3.0 | 3.2 | 3.6 | 3.8 | 3.8 | 3.9 | 3.9 | 3.9 | 3.6 | 3.3 | 2.6 | 2.0 | 1.4 | 1.5 | |||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Other Non-Operating Income | (1.8) | (126.5) | (2.0) | (2.2) | (2.5) | (10.0) | (3.4) | (1.9) | (3.8) | (4.5) | (3.8) | (3.8) | (5.0) | 79.9 | (11.2) | (2.0) | (0.8) | ||||||||
| Pre-Tax Income | 20.5 | (104.2) | 17.7 | (22.2) | (2.4) | 8.2 | 12.2 | 4.6 | (1.5) | (4.1) | (18.6) | (19.8) | (14.5) | 73.3 | (21.8) | (12.4) | |||||||||
| Tax & Net | |||||||||||||||||||||||||
| Income Tax Expense | 6.5 | (138.1) | 0.1 | 0.3 | (0.0) | 0.9 | 0.3 | 0.1 | 0.0 | (0.8) | 0.1 | 0.2 | 0.1 | 101.7 | (0.5) | 0.6 | 1.1 | (2.7) | 2.1 | (0.1) | (0.4) | - | 0.0 | 0.0 | - |
| Net Income From Continuing Ops | 14.0 | 34.0 | 17.6 | (22.5) | (2.3) | 7.3 | 11.9 | 4.4 | (1.5) | (3.3) | (18.7) | (20.0) | (14.6) | (28.4) | (21.2) | (13.0) | (9.8) | ||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income | 14.0 | 34.0 | 17.6 | (22.5) | (2.3) | 7.3 | 11.9 | 4.4 | (1.5) | (3.3) | (18.7) | (20.0) | (14.6) | (28.4) | (21.2) | (13.0) | (9.8) | ||||||||
| Net Income Attributable To Parent | 11.5 | 31.4 | 14.9 | (18.7) | (1.9) | 4.6 | 9.5 | 3.6 | (1.1) | (2.4) | (13.5) | (14.3) | (10.3) | (27.0) | (14.5) | (9.1) | |||||||||
| Less: Minority Interest | 2.6 | 2.6 | 2.7 | (3.8) | (0.4) | 2.7 | 2.4 | 0.8 | (0.4) | (0.9) | (5.2) | (5.7) | (4.3) | (1.4) | (6.7) | (3.9) | (2.8) | ||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||
| Net Income To Common Shareholders | 11.5 | 31.4 | 14.9 | (18.7) | (1.9) | 4.6 | 9.5 | 3.6 | (1.1) | (2.4) | (13.5) | (14.3) | (10.3) | (27.0) | (14.5) | ||||||||||
| Per Share | |||||||||||||||||||||||||
| EPS Basic | 0.21 | - | 0.26 | (0.33) | (0.04) | - | 0.17 | 0.07 | (0.02) | - | (0.29) | (0.32) | (0.23) | - | (0.34) | (0.22) | (0.17) | - | (0.09) | (0.01) | 0.01 | - | 0.00 | 0.00 | - |
| EPS Diluted | 0.21 | - | 0.26 | (0.33) | (0.04) | - | 0.17 | 0.07 | (0.02) | - | (0.29) | (0.32) | (0.23) | - | (0.34) | (0.22) | (0.17) | - | |||||||
| Shares Basic | 55.8 | - | 56.6 | 56.1 | 55.6 | - | 54.9 | 53.4 | 48.6 | - | 46.2 | 45.2 | 43.9 | - | 42.2 | 41.7 | 40.8 | - | |||||||
| Shares Diluted | 55.8 | - | 56.6 | 56.1 | 55.6 | - | 54.9 | 53.4 | 48.6 | - | 46.2 | 45.2 | 43.9 | - | 42.2 | 41.7 | 40.8 | - | |||||||
| Supplementary Data | |||||||||||||||||||||||||
| EBITDA | 22.4 | - | - | - | 0.2 | - | - | - | 2.4 | - | - | - | (9.5) | - | - | - | (7.8) | (1.6) | 0.0 | 2.0 | 2.0 | (11.1) | 8.5 | 11.8 | 10.7 |
| EBIT | 22.4 | 22.3 | 19.7 | (20.0) | 0.1 | 18.3 | 15.6 | 6.5 | 2.4 | 0.4 | (14.7) | (16.1) | (9.5) | (6.5) | (10.6) | (10.4) | (7.9) | (1.6) | (0.1) | ||||||
| - |
| - |
| - |
| - |
| - |
| Selling & Marketing | 20.8 | 21.1 | 24.7 | 25.4 | 28.8 | 22.8 | 20.5 | 13.8 | 11.7 |
| General & Administrative | 85.5 | 89.6 | 56.4 | 62.7 | 55.6 | 61.4 | 32.9 | 19.4 | 7.8 |
| Depreciation & Amortization | - | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 |
| Amortization of Intangibles | 2.0 | 3.0 | 6.4 | 6.9 | 5.8 | 3.0 | 3.2 | 5.4 | 11.8 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 1,114.9 | 1,091.5 | 822.0 | 428.1 | 494.5 | 643.1 | 565.3 | 383.2 | 277.6 |
| 7.8 |
| 7.9 |
| 7.0 |
| 1.2 |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (132.5) | (133.2) | (19.2) | (17.1) | 65.8 | (11.7) | (10.2) | (7.0) | (1.2) |
| Pre-Tax Income | (88.1) | (111.1) | 23.5 | (57.0) | 30.5 | (9.5) | 9.3 | 17.8 | 18.1 |
| (72.4) |
| (8.5) |
| 10.6 |
| 17.8 |
| 18.1 |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - |
| Net Income | 43.1 | 26.8 | 22.1 | (56.6) | (72.4) | (8.5) | 10.6 | 17.8 | 18.1 |
| Net Income Attributable To Parent | 39.0 | 25.6 | 16.6 | (40.4) | (57.7) | (5.3) | (4.4) | 17.8 | 18.1 |
| Less: Minority Interest | 4.1 | 1.1 | 5.5 | (16.1) | (14.8) | (3.2) | (4.2) | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | 39.0 | 25.6 | 16.6 | (40.4) | (57.7) | (5.3) | (4.4) | 17.8 | 18.1 |
| (0.19) |
| (0.14) |
| - |
| - |
| Shares Basic | 55.8 | 56.2 | 53.0 | 45.6 | 41.9 | 37.3 | 32.1 | - | - |
| Shares Diluted | 55.8 | 66.8 | 53.0 | 45.6 | 41.9 | 61.3 | 32.1 | - | - |
| 2.1 |
| 19.5 |
| 24.8 |
| 19.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 6.1 |
| 5.6 |
| 5.7 |
| 5.4 |
| 11.6 |
| 2.9 |
| 2.8 |
| 3.1 |
| 16.7 |
| 15.4 |
| 13.6 |
| 15.7 |
| 19.0 |
| 7.6 |
| 3.1 |
| 3.2 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| 0.1 |
| 0.8 |
| 0.7 |
| 0.7 |
| 0.7 |
| 0.8 |
| 0.8 |
| 0.8 |
| 0.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 150.5 |
| 163.2 |
| 152.8 |
| 155.5 |
| 171.6 |
| 201.3 |
| 143.1 |
| 111.9 |
| 108.9 |
| 1.8 |
| 2.2 |
| 2.3 |
| 3.1 |
| 1.6 |
| 1.5 |
| 1.7 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (5.0) |
| (2.1) |
| (2.4) |
| (2.2) |
| (3.4) |
| (3.6) |
| (1.5) |
| (1.7) |
| (8.7) |
| (6.7) |
| (2.1) |
| (0.5) |
| (0.2) |
| (14.5) |
| 4.8 |
| 10.1 |
| 8.8 |
| (4.0) |
| (4.3) |
| (0.4) |
| 0.2 |
| (13.2) |
| 4.8 |
| 10.1 |
| 8.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.0) |
| (4.3) |
| (0.4) |
| 0.2 |
| (13.2) |
| 4.8 |
| 10.1 |
| 8.8 |
| (7.1) |
| (1.8) |
| (3.5) |
| (0.2) |
| 0.3 |
| (13.2) |
| 0.0 |
| 0.0 |
| 8.8 |
| (2.2) |
| (0.7) |
| (0.2) |
| (0.1) |
| - |
| 0.0 |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (9.1) |
| (7.1) |
| (1.8) |
| (3.5) |
| (0.2) |
| 0.3 |
| (13.2) |
| 0.0 |
| 0.0 |
| 8.8 |
| (0.10) |
| (0.01) |
| 0.00 |
| - |
| 0.00 |
| 0.00 |
| - |
| 38.4 |
| 37.7 |
| 33.1 |
| - |
| 0.0 |
| 0.0 |
| - |
| 61.2 |
| 37.7 |
| 62.2 |
| - |
| 0.0 |
| 0.0 |
| - |
| 1.9 |
| 1.9 |
| (11.1) |
| 8.4 |
| 11.7 |
| 10.6 |