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Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the Fourth Quarter and Year Ended December 31, 2024

GlobeNewswire LogoGlobeNewswire11h ago

Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the Fourth Quarter and Year Ended December 31, 2024 - GlobeNewswire

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Due to rounding, numbers presented may not foot.)                Year ended December 31, 2024             Capital StockAccumulated other comprehensive (loss) incomeRetained earnings Total Non-controlling interests Total equity         Balance at January 1, 202439,4122,390297,382 339,185 253,299 592,483         Total comprehensive income (loss) for the period:              Net income (loss)--91,994 91,994 57,476 149,470         Other comprehensive income (loss)              Foreign currency translation differences from       foreign operations and other, net of income tax-3,193- 3,193 4,048 7,241         Total other comprehensive income (loss)       for the period-3,193- 3,193 4,048 7,241         Total comprehensive income (loss) for the period-3,19391,994 95,187 61,524 156,711         Transactions with owners, recorded directly in equity               Other movements in non-controlling interests and equity--(251)(251)(369)(620)         Exchange of Topicus Coop ordinary units held by non-controlling interests to subordinate voting shares of Topicus--4,797 4,797 (4,797)-          Dividends paid to shareholders of the Company--(127,641)(127,641)- (127,641)         Return of capital to non-controlling interests    (9,048)(9,048)         Dividends paid to non-controlling interests--- - (80,489)(80,489)        Balance at December 31, 202439,4125,584266,281 311,277 220,119 531,396          Topicus.com Inc.      Consolidated Statement of Changes in Shareholders' Equity    (In thousands of euros, except per share amounts.

Due to rounding, numbers presented may not foot.)                    Year ended December 31,   2024  2023       Revenue     License  43,507  35,458 Professional services  326,877  297,669 Hardware and other  24,819  18,045 Maintenance and other recurring  899,659  773,801    1,294,862  1,124,973 Expenses     Staff  706,579  625,200 Hardware  16,851  12,068 Third party license, maintenance and professional services 100,085  88,074 Occupancy  10,951  8,351 Travel, telecommunications, supplies, software and equipment 50,382  43,639 Professional fees  20,722  15,318 Other, net  13,427  15,422 Depreciation  34,088  30,586 Amortization of intangible assets  135,499  121,124    1,088,584  959,782       Impairment of intangible and other non-financial assets 617  - Bargain purchase (gain)  (517) - Finance and other expenses (income)  22,705  20,426    22,804  20,426       Income (loss) before income taxes  183,474  144,766       Current income tax expense (recovery)  62,413  53,098 Deferred income tax expense (recovery)  (28,410) (23,759)Income tax expense (recovery)  34,004  29,338       Net income (loss)  149,470  115,427       Net income (loss) attributable to:     Equity holders of Topicus  91,994  71,753 Non-controlling interests  57,476  43,674 Net income (loss)  149,470  115,427       Weighted average shares     Basic shares outstanding  82,766,336  81,889,764 Diluted shares outstanding  129,841,819  129,841,819       Earnings (loss) per common share of Topicus     Basic  1.11  0.88 Diluted  1.11  0.88              Topicus.com Inc.     Consolidated Statements of Comprehensive Income (Loss)    (In thousands of euros, except per share amounts.

Due to rounding, numbers presented may not foot.)                Year ended December 31, 2023                     Capital StockAccumulated other comprehensive (loss) income Retained earnings TotalNon-controlling interests Total equity         Balance at January 1, 202339,412(232)226,919 266,099201,685 467,784         Total comprehensive income (loss) for the period:              Net income (loss)-- 71,753 71,75343,674 115,427         Other comprehensive income (loss)              Foreign currency translation differences from       foreign operations and other, net of income tax-1,201 - 1,2011,143 2,344         Total other comprehensive income (loss) for the period-1,201 - 1,2011,143 2,344         Total comprehensive income (loss) for the period-1,201 71,753 72,95444,817 117,771                 Transactions with owners, recorded directly in equity               Other movements in non-controlling interests and equity-1,422 (1,290)131(203)(72)         Contribution by non-controlling interests-- - -9,617 9,617          Acquisition of non-controlling interests-- - -(803)(803)         Dividends paid to non-controlling interests-- - -(1,814)(1,814)        Balance at December 31, 202339,4122,390 297,382 339,185253,299 592,483          Topicus.com Inc.    Consolidated Statements of Cash Flows    (In thousands of euros, except per share amounts.

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Published On: 2025-02-26 @ 21:57:00 (11 hours ago)

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