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Earnings

Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the Second Quarter Ended June 30, 2025

By The Northwire Desk — AI Analysis Aug 01, 2025 · 17:03 CSU · 4718.31 CONSTELLATION SOFTWARE INC.
CSU · Price

Executive Summary

  • Topicus.com Inc. reported financial results for the second quarter ended June 30, 2025, showing significant growth in revenue and net income driven largely by acquisitions.
  • Total revenue increased 20% to €372.0 million (5% organic growth), while net income surged 54% to €41.5 million (€0.31 per diluted share).
  • The company completed acquisitions with a total consideration of €240.8 million (€210.3 million cash plus €30.5 million deferred payments), impacting cash flow metrics for the quarter.

Key Details

  • Q2 2025 Revenue: €372.0 million, an increase of 20% (€60.8 million) compared to €311.2 million in Q2 2024.
  • Q2 2025 Net Income: €41.5 million, an increase of 54% compared to €26.9 million in Q2 2024.
  • Earnings Per Share (Diluted): €0.31 in Q2 2025, compared to €0.21 in Q2 2024.
  • Six-Month Revenue: €727.6 million, an increase of 18% compared to €617.8 million in the same period of 2024.
  • Six-Month Net Income: €111.6 million, an increase of 102% (€56.4 million) compared to €55.2 million in the same period of 2024.
  • Six-Month EPS (Diluted): €0.85, compared to €0.43 in the prior year.
  • Organic Growth: 5% in Q2 2025 and 4% for the first six months of 2025.
  • Acquisitions: Completed for aggregate cash consideration of €210.3 million (including acquired cash). Deferred payments associated with these acquisitions have an estimated value of €30.5 million, resulting in total consideration of €240.8 million.
  • Cash Flow from Operations (CFO): Negative €14.9 million in Q2 2025, compared to positive €8.8 million in Q2 2024. For the six months ended June 30, 2025, CFO increased 9% to €256.5 million (from €236.3 million in 2024).
  • Free Cash Flow Available to Shareholders (FCFA2S): Negative €16.7 million in Q2 2025, compared to negative €3.8 million in Q2 2024. For the six months ended June 30, 2025, FCFA2S increased 11% to €145.0 million (from €130.1 million in 2024).
  • Balance Sheet Highlights (June 30, 2025):
    • Total Assets: €2,325.4 million (up from €1,535.9 million at Dec 31, 2024).
    • Cash: €249.3 million.
    • Intangible Assets: €1,195.4 million.
    • Total Liabilities: €1,499.0 million.
    • Shareholders' Equity: €826.4 million.
  • Income Statement Breakdown (Q2 2025):
    • Revenue Sources: Maintenance and other recurring (€264.9M), Professional services (€88.2M), License (€10.4M), Hardware and other (€8.5M).
    • Total Expenses: €323.2 million.
    • Income Before Taxes: €51.7 million.
    • Income Tax Expense: €10.2 million.
  • Cash Flow Statement Highlights (Six Months Ended June 30, 2025):
    • Net Cash from Operating Activities: €256.5 million.
    • Net Cash Used in Investing Activities: €396.3 million (primarily due to acquisitions of €249.7 million and purchase of equity securities in Asseco Poland S.A. for €168.0 million).
    • Net Cash from Financing Activities: €185.0 million (including proceeds from issuance of loans of €313.4 million and repayment of term loans of €14.1 million).
Read the original news release →

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