| (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 | Q3 FY 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||
| Revenues | (0.0) | 64.1 | 0.2 | 1.2 | 3.0 | 12.4 | 2.4 | 3.1 | 56.4 | 16.8 | 2.6 | 3.8 | 63.0 | 49.4 | 374.6 | (40.6) | ||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 65.5 | 68.6 | 74.2 | 86.2 | 1,615.8 | 1,095.4 | 76.4 | 8.1 | 10.7 | 2.7 |
| Cost of Revenue | - | 0.0 | 0.8 | 2.8 | 146.3 | 65.9 | 0.0 | 0.0 | - | - |
| Gross Profit | - | 68.5 | 73.4 | 83.4 | 1,469.5 | 1,029.6 | 76.4 | 8.1 | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 446.2 | 456.0 | 506.5 | 579.7 | 474.6 | 448.0 | 302.4 | 148.5 | 100.2 | 62.5 |
| Selling General & Administrative | 91.5 | 92.1 | 119.0 | |||||||
| Operating Income | ||||||||||
| Operating Income | (472.1) | (479.3) | (587.2) | (684.3) | 833.1 | 420.8 | (297.0) | (178.0) | (118.7) | (81.5) |
| Non-Operating | ||||||||||
| Interest Income | 35.1 | 40.2 | 71.8 | 87.0 | 28.1 | - | - | 8.5 | 2.5 | 0.6 |
| Interest Expense | - | - | - | - | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | 0.4 | 0.2 | (1.1) | (13.1) | 238.4 | 21.2 | 0.1 | 0.2 | (0.5) | (10.9) |
| Net Income From Continuing Ops | (442.7) | (438.0) | (522.0) | |||||||
| Per Share | ||||||||||
| EPS Basic | (3.00) | (3.16) | (3.83) | (4.59) | 3.89 | 4.07 | (2.51) | (5.76) | - | - |
| EPS Diluted | (3.00) | (3.16) | (3.83) | (4.59) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | (460.4) | (467.6) | (572.6) | (664.9) | 839.9 | 426.0 | (292.6) | (174.7) | (117.1) | (81.2) |
| EBIT | (472.1) | (479.3) | (587.2) | (684.3) | ||||||
| 1,232.5 |
| 812.8 |
| 103.6 |
| 177.1 |
| 2.0 |
| 1.7 |
| 1.9 |
| 67.0 |
| 5.7 |
| 1.0 |
| 1.4 |
| 2.0 |
| 3.7 |
| 2.9 |
| Cost of Revenue | - | - | - | 0.0 | 0.0 | 0.7 | 0.1 | 0.1 | 0.1 | 0.8 | 0.0 | 0.0 | 1.9 | 6.0 | 22.3 | 27.9 | 90.1 | 56.9 | 7.8 | 1.1 | 0.0 | - | 0.0 | 0.0 | - | - | - | - | - | - |
| Gross Profit | - | - | - | 1.2 | 3.0 | 11.7 | 2.3 | 3.0 | 56.3 | 16.0 | 2.6 | 3.8 | 61.1 | 43.4 | 352.3 | (68.6) | 1,142.3 | 755.9 | 95.8 | 175.9 | 2.0 | - | 1.9 | 67.0 | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||
| Research & Development | 108.9 | 88.3 | 151.5 | 97.5 | 118.6 | 106.1 | 195.2 | 105.1 | 100.1 | 109.0 | 145.0 | 168.1 | 157.6 | 155.2 | 114.2 | 115.1 | 90.2 | 128.3 | 98.7 | 86.1 | 134.9 | 87.1 | 70.7 | 79.7 | 65.0 | 52.9 | 39.9 | 29.8 | 25.9 | 29.8 |
| Selling General & Administrative | 23.3 | 23.6 | 22.2 | 22.3 | 23.9 | 26.7 | 25.7 | 30.3 | 36.3 | 41.2 | 40.9 | 45.5 | 46.8 | 38.7 | 43.2 | 41.6 | ||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Depreciation & Amortization | 2.8 | 3.0 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 4.2 | 4.5 | 4.7 | 4.5 | 4.6 | 5.6 | 2.3 | 1.6 | 1.5 | ||||||||||||||
| Amortization of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | 0.1 | - | - | - | 0.1 | |||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Total Operating Expenses | 132.3 | 112.0 | 173.7 | 119.6 | 142.6 | 129.5 | 233.7 | 161.7 | 136.5 | 155.8 | 189.4 | 219.0 | 206.3 | 199.9 | 179.6 | 184.6 | ||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | (132.3) | (47.9) | (173.4) | (118.4) | (139.5) | (117.2) | (231.3) | (158.6) | (80.1) | (139.0) | (186.7) | (215.2) | (143.4) | (150.5) | 195.0 | (225.2) | 1,013.8 | 571.8 | (53.4) | 61.0 | (158.6) | (108.4) | (87.6) | (29.1) | (71.9) | (63.8) | (47.7) | (35.8) | (30.8) | (34.3) |
| Non-Operating | ||||||||||||||||||||||||||||||
| Interest Income | 7.2 | 7.8 | 9.4 | 10.8 | 12.3 | 14.2 | 17.5 | 18.8 | 21.3 | - | 21.9 | - | - | - | - | - | - | - | - | - | - | - | 0.4 | 0.8 | 1.8 | 1.9 | 2.0 | 2.3 | 2.2 | 0.7 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Other Non-Operating Income | 6.8 | 4.9 | 10.5 | 7.6 | 18.6 | 12.5 | 17.8 | 18.7 | 15.1 | 18.3 | 20.1 | 17.6 | 0.2 | (1.1) | 22.8 | (8.5) | (91.9) | |||||||||||||
| Pre-Tax Income | (125.5) | (43.1) | (163.0) | (110.8) | (120.9) | (104.7) | (213.5) | (139.9) | (65.0) | (120.8) | (166.6) | (197.6) | (143.2) | (151.6) | 217.7 | (233.7) | ||||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||
| Income Tax Expense | 0.2 | (0.1) | 0.2 | 0.2 | 0.0 | (0.1) | 0.2 | (1.5) | 0.3 | (4.8) | (3.2) | (2.8) | (2.2) | (50.0) | 42.4 | (157.2) | 403.3 | 20.6 | 0.3 | 0.1 | 0.2 | (0.0) | 0.0 | 0.0 | 0.0 | - | (0.0) | 0.0 | - | - |
| Net Income From Continuing Ops | (125.7) | (42.9) | (163.1) | (111.0) | (121.0) | (104.6) | (213.7) | (138.4) | (65.3) | (116.0) | (163.4) | (194.8) | (141.0) | (101.6) | 175.3 | (76.5) | 518.6 | |||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income | (125.7) | (42.9) | (163.1) | (111.0) | (121.0) | (104.6) | (213.7) | (138.4) | (65.3) | (116.0) | (163.4) | (194.8) | (141.0) | (101.6) | 175.3 | (76.5) | 518.6 | |||||||||||||
| Net Income Attributable To Parent | (125.7) | (42.9) | (163.1) | (111.0) | (121.0) | (104.6) | (213.7) | (138.4) | (65.3) | (115.9) | (163.4) | (194.8) | (141.0) | (101.6) | 175.3 | (76.5) | ||||||||||||||
| Less: Minority Interest | - | - | - | - | - | - | 0.0 | 0.0 | - | - | 0.0 | 0.0 | - | - | - | - | - | - | ||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income To Common Shareholders | (125.7) | (42.9) | (163.1) | (111.0) | (121.0) | (104.6) | (213.7) | (138.4) | (65.3) | (116.0) | (163.4) | (194.8) | (140.9) | (101.6) | 175.3 | |||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||
| EPS Basic | (0.85) | - | (1.17) | (0.80) | (0.88) | - | (1.56) | (1.02) | (0.48) | - | (1.22) | (1.45) | (1.06) | - | 1.32 | (0.58) | 3.93 | - | 0.85 | 0.48 | (1.32) | - | (0.67) | (0.27) | - | - | - | - | - | - |
| EPS Diluted | (0.85) | - | (1.17) | (0.80) | (0.88) | - | (1.56) | (1.02) | (0.48) | - | (1.22) | (1.45) | (1.06) | - | 1.30 | (0.58) | 3.85 | - | ||||||||||||
| Shares Basic | 147.4 | - | 138.9 | 138.4 | 137.5 | - | 136.7 | 136.2 | 135.3 | - | 134.3 | 134.1 | 133.6 | - | 132.7 | 132.5 | 132.1 | - | ||||||||||||
| Shares Diluted | 147.4 | - | 138.9 | 138.4 | 137.5 | - | 136.7 | 136.2 | 135.3 | - | 134.3 | 134.1 | 133.6 | - | 135.0 | 132.5 | 134.5 | - | ||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||
| EBITDA | (129.5) | (44.9) | (170.5) | (115.5) | (136.7) | (114.2) | (228.4) | (154.4) | (75.6) | (134.3) | (182.2) | (210.6) | (137.7) | (148.2) | 196.6 | (223.7) | 1,015.2 | 573.1 | (52.0) | 62.3 | (157.4) | (107.2) | (86.5) | (28.0) | (70.9) | (62.9) | (46.8) | (35.0) | (30.1) | (33.9) |
| EBIT | (132.3) | (47.9) | (173.4) | (118.4) | (139.5) | (117.2) | (231.3) | (158.6) | (80.1) | (139.0) | (186.7) | (215.2) | (143.4) | (150.5) | 195.0 | (225.2) | 1,013.8 | 571.8 | (53.4) | |||||||||||
| 174.4 |
| 161.8 |
| 160.8 |
| 70.9 |
| 37.6 |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | 70.9 | 37.6 | 29.1 | 21.7 |
| Depreciation & Amortization | 11.6 | 11.7 | 14.6 | 19.5 | 6.8 | 5.3 | 4.4 | 3.3 | 1.6 | 0.3 |
| Amortization of Intangibles | - | - | - | 0.5 | 0.5 | 0.5 | 1.0 | 1.2 | 1.1 | 0.2 |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 537.6 | 547.9 | 661.4 | 770.5 | 782.7 | 674.7 | 373.3 | 186.1 | 129.4 | 84.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| Income From Equity Investments | - | - | - | - | - | - | - | - | - | - |
| Other Non-Operating Income | 29.7 | 41.6 | 64.1 | 56.1 | (78.8) | 129.1 | (1.6) | (3.5) | 2.3 | 0.7 |
| Pre-Tax Income | (442.3) | (437.8) | (523.1) | (628.2) | 754.3 | 549.8 | (298.6) | (174.5) | (116.4) | (80.8) |
| (615.1) |
| 515.8 |
| 528.6 |
| (298.7) |
| (174.7) |
| (115.9) |
| (69.9) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (442.7) | (438.0) | (522.0) | (615.1) | 515.8 | 528.6 | (298.7) | (174.7) | (115.9) | (69.9) |
| Net Income Attributable To Parent | (442.7) | (438.0) | (522.0) | (615.1) | 515.8 | 528.6 | (298.7) | (174.7) | (115.9) | (69.9) |
| Less: Minority Interest | - | 0.0 | 0.0 | (0.1) | 0.0 | - | - | - | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (442.7) | (438.0) | (522.0) | (615.1) | 515.8 | 528.6 | (298.7) | (174.7) | (115.9) | (69.9) |
| 3.83 |
| 3.96 |
| (2.51) |
| (5.76) |
| - |
| - |
| Shares Basic | 147.4 | 138.5 | 136.2 | 134.1 | 132.6 | 129.9 | 119.2 | 30.3 | - | - |
| Shares Diluted | 147.4 | 138.5 | 136.2 | 134.1 | 134.8 | 133.4 | 119.2 | 30.3 | - | - |
| 833.1 |
| 420.8 |
| (297.0) |
| (178.0) |
| (118.7) |
| (81.5) |
| 38.3 |
| 55.8 |
| 50.5 |
| 28.8 |
| 25.7 |
| - |
| 18.9 |
| 16.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 25.7 |
| 23.0 |
| 18.9 |
| 16.4 |
| 12.6 |
| 11.8 |
| 9.2 |
| 8.0 |
| 8.6 |
| 7.4 |
| 1.4 |
| 1.3 |
| 1.4 |
| 1.3 |
| 1.3 |
| 1.2 |
| 1.1 |
| 1.1 |
| 1.0 |
| 0.9 |
| 0.9 |
| 0.8 |
| 0.7 |
| 0.4 |
| - |
| - |
| - |
| 0.1 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| 0.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 218.6 |
| 241.0 |
| 157.0 |
| 116.1 |
| 160.6 |
| 110.1 |
| 89.5 |
| 96.0 |
| 77.6 |
| 64.7 |
| 49.1 |
| 37.8 |
| 34.4 |
| 37.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (25.9) |
| 164.1 |
| 0.8 |
| (10.1) |
| 2.7 |
| 3.0 |
| (2.1) |
| (5.3) |
| (6.8) |
| (0.6) |
| 1.9 |
| 2.1 |
| 0.9 |
| 921.9 |
| 545.9 |
| 110.8 |
| 61.9 |
| (168.7) |
| (105.7) |
| (84.6) |
| (31.1) |
| (77.2) |
| (63.6) |
| (48.3) |
| (33.9) |
| (28.7) |
| (33.5) |
| 525.3 |
| 110.4 |
| 61.8 |
| (168.9) |
| (105.6) |
| (84.6) |
| (31.2) |
| (77.2) |
| (63.8) |
| (48.3) |
| (33.9) |
| (28.7) |
| (33.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 525.3 |
| 110.4 |
| 61.8 |
| (168.9) |
| (105.6) |
| (84.6) |
| (31.2) |
| (77.2) |
| (63.8) |
| (48.3) |
| (33.9) |
| (28.7) |
| (33.5) |
| 518.6 |
| 525.3 |
| 110.4 |
| 61.8 |
| (168.9) |
| (105.6) |
| (84.6) |
| (31.2) |
| (77.2) |
| (63.8) |
| (48.3) |
| (33.9) |
| (28.7) |
| (33.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (76.5) |
| 518.6 |
| 525.3 |
| 110.4 |
| 61.8 |
| (168.9) |
| (105.6) |
| (84.6) |
| (31.2) |
| (77.2) |
| (63.8) |
| (48.3) |
| (33.9) |
| (28.7) |
| (33.5) |
| 0.82 |
| 0.46 |
| (1.32) |
| - |
| (0.67) |
| (0.27) |
| - |
| - |
| - |
| - |
| - |
| - |
| 130.7 |
| 130.1 |
| 127.7 |
| - |
| 125.8 |
| 115.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| 133.9 |
| 133.8 |
| 127.7 |
| - |
| 125.8 |
| 115.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| 61.0 |
| (158.6) |
| (108.4) |
| (87.6) |
| (29.1) |
| (71.9) |
| (63.8) |
| (47.7) |
| (35.8) |
| (30.8) |
| (34.3) |