| (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 | Q4 FY 17 | Q3 FY 17 | Q2 FY 17 | Q1 FY 17 | Q4 FY 16 | Q3 FY 16 | Q2 FY 16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 311.3 | 321.1 | 287.3 | 212.8 | 137.3 | 103.3 | 62.2 | 14.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | ||||||||||||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||
| Revenues | 1,132.5 | 958.4 | 180.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | 0.1 | - | - | - |
| Cost of Revenue | - | - | 6.2 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | 173.9 | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Operating Expenses | ||||||||||||||||||
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||
| Operating Income | ||||||||||||||||||
| Operating Income | (313.5) | (300.1) | (497.9) | (380.5) | (293.6) | (242.5) | (206.7) | (95.0) | (40.7) | (32.1) | (25.2) | (3.2) | (84.0) | (87.6) | ||||
| Non-Operating | ||||||||||||||||||
| Interest Income | 36.2 | 37.4 | 46.7 | 19.6 | 2.2 | 0.4 | 4.3 | 11.0 | 7.7 | 0.6 | 0.0 | - | - | - | - | - | ||
| Tax & Net | ||||||||||||||||||
| Income Tax Expense | - | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | - | - | - | - | - | |||
| Per Share | ||||||||||||||||||
| EPS Basic | (10.66) | (12.85) | (21.90) | (19.99) | (17.23) | (14.63) | (13.09) | - | - | - | - | - | - | - | - | (1.00) | ||
| Supplementary Data | ||||||||||||||||||
| EBITDA | - | (298.6) | (496.8) | (380.0) | (293.1) | (242.1) | (206.2) | (94.9) | (40.6) | (32.0) | (25.2) | (2.6) | (83.3) | (87.0) | (60.2) | (44.0) | ||
| 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 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Cost of Revenue | - | - | - | - | 4.5 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | 132.7 | - | - | - | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling General & Administrative | 268.5 | 240.0 | 209.1 | 196.9 | 167.9 | 141.2 | 107.6 | 105.4 | 80.8 | 46.5 | 27.6 | 17.8 | 16.2 | - | - | - | ||||||||||||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | 46.5 | 27.6 | 17.8 | 16.2 | 14.6 | 12.1 | 11.8 | 9.7 | |||||||||||||||||||||||
| Depreciation & Amortization | 0.4 | - | - | - | 0.4 | - | - | - | 0.2 | - | - | - | 0.1 | - | - | - | ||||||||||||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Total Operating Expenses | 404.1 | 380.7 | 401.2 | 260.0 | 216.6 | 170.3 | 178.5 | 177.2 | 152.0 | 117.2 | 98.5 | 86.5 | 78.3 | 85.3 | 80.4 | 70.3 | ||||||||||||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (92.7) | (59.6) | (114.0) | (47.2) | (79.3) | (67.0) | (116.3) | (162.5) | (152.0) | (117.2) | (98.5) | (86.5) | (78.3) | (85.3) | (80.4) | (70.3) | (57.6) | (64.6) | (63.2) | (61.7) | (53.0) | (59.6) | (58.8) | (50.3) | (38.0) | (30.0) | (24.2) | (22.7) | (18.1) | (14.5) | (11.3) | (7.8) | (7.1) | (8.9) | (8.6) | (8.4) | (6.1) | (7.8) | (14.1) | (2.6) |
| Non-Operating | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 8.2 | 9.5 | 10.3 | 8.2 | 9.4 | 11.1 | 13.0 | 14.2 | 8.3 | 9.0 | 3.3 | 3.6 | 3.8 | 1.1 | 0.7 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.8 | 1.2 | 1.9 | 2.2 | 2.8 | 3.0 | 3.0 | 3.0 | 2.8 | 1.2 | 0.7 | 0.2 | 0.2 | 0.1 | 0.1 | - | 0.0 | - |
| Interest Expense | 7.8 | 8.3 | 7.5 | 3.3 | 3.3 | 3.5 | 3.7 | 3.7 | 3.8 | 4.0 | 3.5 | 2.9 | 2.3 | 1.7 | 1.5 | 0.8 | 0.0 | - | ||||||||||||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Other Non-Operating Income | (2.1) | (0.1) | (0.3) | (0.0) | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||||||||||||
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income From Continuing Ops | (94.4) | (58.6) | (114.2) | (42.3) | (73.2) | (59.4) | (107.0) | (152.0) | (147.5) | (112.2) | (98.7) | (85.8) | (76.9) | (85.9) | (81.2) | (70.7) | (57.5) | |||||||||||||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income | (94.4) | (58.6) | (114.2) | (42.3) | (73.2) | (59.4) | (107.0) | (152.0) | (147.5) | (112.2) | (98.7) | (85.8) | (76.9) | (85.9) | (81.2) | (70.7) | (57.5) | |||||||||||||||||||||||
| Net Income Attributable To Parent | (94.4) | (58.6) | (114.2) | (42.3) | (73.2) | (59.4) | (107.0) | (152.0) | (147.5) | (112.2) | (98.7) | (85.8) | (76.9) | (85.9) | (81.2) | (70.7) | ||||||||||||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
| Net Income To Common Shareholders | (94.4) | (58.6) | (114.2) | (42.3) | (73.2) | (59.4) | (107.0) | (152.0) | (147.5) | (112.2) | (98.7) | (85.8) | (76.9) | (85.9) | (81.2) | |||||||||||||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| EPS Basic | (3.25) | - | (4.01) | (1.50) | (2.61) | - | (4.92) | (7.10) | (7.38) | - | (5.34) | (4.69) | (4.23) | - | (4.75) | (4.14) | (3.36) | - | (3.79) | (3.72) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (3.25) | - | (4.01) | (1.50) | (2.61) | - | (4.92) | (7.10) | (7.38) | - | (5.34) | (4.69) | (4.23) | - | (4.75) | (4.14) | (3.36) | - | ||||||||||||||||||||||
| Shares Basic | 29.0 | - | 28.5 | 28.2 | 28.1 | - | 21.7 | 21.4 | 20.0 | - | 18.5 | 18.3 | 18.2 | - | 17.1 | 17.1 | 17.1 | - | ||||||||||||||||||||||
| Shares Diluted | 29.0 | - | 28.5 | 28.2 | 28.1 | - | 21.7 | 21.4 | 20.0 | - | 18.5 | 18.3 | 18.2 | - | 17.1 | 17.1 | 17.1 | - | ||||||||||||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (92.3) | - | - | - | (78.9) | - | - | - | (151.9) | - | - | - | (78.2) | - | - | - | (57.5) | - | - | - | (52.9) | - | - | - | (37.9) | - | - | - | (18.1) | - | - | - | (7.0) | - | - | - | - | - | - | - |
| EBIT | (92.7) | (59.6) | (114.0) | (47.2) | (79.3) | (67.0) | (116.3) | (162.5) | (152.0) | (117.2) | (98.5) | (86.5) | (78.3) | (85.3) | (80.4) | (70.3) | (57.6) | (64.6) | (63.2) | |||||||||||||||||||||
| - |
| - |
| - |
| - |
| Selling General & Administrative | 914.5 | 813.8 | 435.1 | 108.1 | 48.1 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | 108.1 | 48.1 | 37.3 | 21.9 | 22.6 | 15.3 | 7.7 | 9.3 | 0.8 | 15.7 | 15.7 | 11.7 | 11.6 | 11.4 | 12.7 |
| Depreciation & Amortization | - | 1.5 | 1.1 | 0.5 | 0.5 | 0.4 | 0.5 | 0.1 | 0.1 | 0.1 | 0.0 | 0.7 | 0.7 | 0.5 | 0.7 | 1.5 | 1.9 | 2.5 |
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 1,446.0 | 1,258.5 | 678.0 | 380.5 | 293.6 | 242.5 | 206.7 | 95.0 | 40.7 | 32.1 | 25.2 | 3.2 | 84.0 | 87.6 | 61.1 | 53.0 | 51.7 | 64.9 |
| (60.9) |
| (45.4) |
| (36.9) |
| 79.3 |
| - |
| - |
| Interest Expense | 26.8 | 22.3 | 14.7 | 12.7 | 4.0 | 0.0 | 0.0 | - | - | - | 1.2 | 3.6 | - | - | - | - | - | - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | (2.6) | (0.5) | 0.0 | 0.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pre-Tax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| - |
| - |
| - |
| Net Income From Continuing Ops | (309.4) | (288.3) | (465.9) | (373.6) | (295.4) | (241.8) | (202.2) | (83.9) | (32.8) | (31.2) | (26.4) | - | - | - | - | - | - | - |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | (309.4) | (288.3) | (465.9) | (373.6) | (295.4) | (241.8) | (202.2) | (83.9) | (32.8) | (31.2) | (26.4) | - | - | - | - | - | - | - |
| Net Income Attributable To Parent | (309.4) | (288.3) | (465.9) | (373.6) | (295.4) | (241.8) | (202.2) | (83.9) | (32.8) | (31.2) | (26.4) | - | - | - | - | - | - | - |
| Less: Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (309.4) | (288.3) | (465.9) | (373.6) | (295.4) | (241.8) | (202.2) | (83.9) | (32.8) | (31.2) | (26.4) | (6.8) | (86.2) | (90.2) | (62.8) | (47.4) | (37.5) | 79.1 |
| (0.93) |
| 2.33 |
| EPS Diluted | (10.66) | (12.85) | (21.90) | (19.99) | (17.23) | (14.63) | (13.09) | - | - | - | - | - | - | - | - | (1.00) | (0.93) | 2.32 |
| Shares Basic | 29.0 | 22.4 | 21.3 | 18.7 | 17.1 | 16.5 | 15.4 | - | - | - | - | - | - | - | - | 47.2 | 40.4 | 33.9 |
| Shares Diluted | 29.0 | 22.4 | 21.3 | 18.7 | 17.1 | 16.5 | 15.4 | - | - | - | - | - | - | - | - | 47.2 | 40.4 | 34.1 |
| (35.0) |
| 81.8 |
| EBIT | (313.5) | (300.1) | (497.9) | (380.5) | (293.6) | (242.5) | (206.7) | (95.0) | (40.7) | (32.1) | (25.2) | (3.2) | (84.0) | (87.6) | (60.9) | (45.4) | (36.9) | 79.3 |
| - |
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| 11.7 |
| 8.3 |
| 10.1 |
| 7.2 |
| 6.1 |
| 5.5 |
| 5.6 |
| 4.6 |
| 5.0 |
| 4.7 |
| 7.1 |
| 5.7 |
| 5.6 |
| 5.1 |
| 2.7 |
| 1.9 |
| 2.4 |
| 2.0 |
| 1.6 |
| 1.7 |
| 2.2 |
| 6.3 |
| 0.6 |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.1 |
| - |
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| 0.0 |
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| 0.0 |
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| - |
| 57.6 |
| 64.6 |
| 63.2 |
| 61.7 |
| 53.0 |
| 59.6 |
| 58.8 |
| 50.3 |
| 38.0 |
| 30.0 |
| 24.2 |
| 22.7 |
| 18.1 |
| 14.5 |
| 11.3 |
| 7.8 |
| 7.1 |
| 8.9 |
| 8.6 |
| 8.4 |
| 6.1 |
| 7.8 |
| 14.1 |
| 2.6 |
| 0.0 |
| 0.0 |
| - |
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| 0.2 |
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| (64.5) |
| (63.1) |
| (61.7) |
| (52.5) |
| (59.1) |
| (58.0) |
| (49.0) |
| (36.1) |
| (27.7) |
| (21.4) |
| (19.7) |
| (15.1) |
| (11.5) |
| (8.5) |
| (6.5) |
| (6.4) |
| (8.4) |
| (8.4) |
| (8.3) |
| (6.0) |
| - |
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| - |
| - |
| - |
| - |
| - |
| (64.5) |
| (63.1) |
| (61.7) |
| (52.5) |
| (59.1) |
| (58.0) |
| (49.0) |
| (36.1) |
| (27.7) |
| (21.4) |
| (19.7) |
| (15.1) |
| (11.5) |
| (8.5) |
| (6.5) |
| (6.4) |
| (8.4) |
| (8.4) |
| (8.3) |
| (6.0) |
| - |
| - |
| - |
| (57.5) |
| (64.5) |
| (63.1) |
| (61.7) |
| (52.5) |
| (59.1) |
| (58.0) |
| (49.0) |
| (36.1) |
| (27.7) |
| (21.4) |
| (19.7) |
| (15.1) |
| (11.5) |
| (8.5) |
| (6.5) |
| (6.4) |
| (8.4) |
| (8.4) |
| (8.3) |
| (6.0) |
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| - |
| - |
| - |
| (70.7) |
| (57.5) |
| (64.5) |
| (63.1) |
| (61.7) |
| (52.5) |
| (59.1) |
| (58.0) |
| (49.0) |
| (36.1) |
| (27.7) |
| (21.4) |
| (19.7) |
| (15.1) |
| (11.5) |
| (8.5) |
| (6.5) |
| (6.4) |
| (8.4) |
| (8.4) |
| (8.3) |
| (6.0) |
| (7.7) |
| (14.0) |
| (2.9) |
| (3.79) |
| (3.72) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.6 |
| 16.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.6 |
| - |
| 16.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (61.7) |
| (53.0) |
| (59.6) |
| (58.8) |
| (50.3) |
| (38.0) |
| (30.0) |
| (24.2) |
| (22.7) |
| (18.1) |
| (14.5) |
| (11.3) |
| (7.8) |
| (7.1) |
| (8.9) |
| (8.6) |
| (8.4) |
| (6.1) |
| (7.8) |
| (14.1) |
| (2.6) |