TORONTO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Topicus.com Inc. (TSXV:TOI) in a joint release with Constellation Software Inc. (TSX:CSU) today announced financial results for Topicus.com Inc. ("Topicus" or the "Company") for the second quarter ended June 30, 2026. Please note that all amounts referred to in this press release are in Euros unless otherwise stated.

The following press release should be read in conjunction with the Company's Unaudited Condensed Consolidated Interim Financial Statements for the three and six months ended June 30, 2026 and the accompanying notes, our Management's Discussion and Analysis for the three and six months ended June 30, 2026 and the Annual Consolidated Financial Statements of Topicus.com Inc. for the year ended December 31, 2025, which we prepared in accordance with International Financial Reporting Standards ("IFRS") and the Company's annual Management's Discussion and Analysis for the year ended December 31, 2025, which can be found on SEDAR+ at www.sedarplus.com and on Topicus.com Inc.'s website www.topicus.com. Additional information about Topicus.com Inc. is also available on SEDAR+ at www.sedarplus.com.

Q2 2026 Headlines:

   -- Revenue increased 18% (4% organic growth) to EUR437.3 million compared to 
      EUR372.0 million in Q2 2025. 
 
   -- Net income increased 14% to EUR47.3 million (EUR0.36 on a diluted per 
      share basis) from EUR41.5 million (EUR0.31 on a diluted per share basis). 
 
   -- Acquisitions were completed for aggregate cash consideration of EUR31.2 
      million (which includes acquired cash). Deferred payments associated with 
      these acquisitions have an estimated value of EUR9.0 million resulting in 
      total consideration of EUR40.2 million. 
 
   -- Cash flows from operations ("CFO") increased EUR2.3 million to negative 
      EUR12.7 million compared to negative EUR14.9 million in Q2 2025. 
 
   -- Free cash flow available to shareholders1 ("FCFA2S") increased EUR31.3 
      million to EUR14.6 million compared to negative EUR16.7 million in Q2 
      2025. 

Total revenue for the quarter ended June 30, 2026 was EUR437.3 million, an increase of 18%, or EUR65.2 million, compared to EUR372.0 million for the comparable period in 2025. For the first six months of 2026 total revenues were EUR872.9 million, an increase of 20%, or EUR145.3 million, compared to EUR727.6 million for the comparable period in 2025. The increase for both the three and six-month periods compared to the same periods in the prior year is primarily attributable to growth from acquisitions as the Company experienced organic growth of 4% and 5% respectively. Organic growth is not a standardized financial measure and might not be comparable to measures disclosed by other issuers.

Net income for the quarter ended June 30, 2026 increased EUR5.8 million to EUR47.3 million compared to EUR41.5 million for the same period in 2025. On a per share basis, this translated into net income per basic and diluted share of EUR0.36 in the quarter ended June 30, 2026 compared to EUR0.31 for the same period in 2025. For the six months ended June 30, 2026 net income decreased EUR9.2 million to EUR102.4 million compared to EUR111.6 million for the same period in 2025. On a per share basis, this translated into net income per basic and diluted share of EUR0.77 in the six months ended June 30, 2026 compared to EUR0.85 for the same period in 2025.

For the quarter ended June 30, 2026, CFO were negative EUR12.7 million compared to negative EUR14.9 million for the same period in 2025. Many of the businesses invoice customers for annual software maintenance fees in Q1 each year resulting in a disproportionate amount of cash being received in the first quarter as compared to the remaining three quarters. For the six months ended June 30, 2026, CFO increased EUR11.3 million to EUR267.8 million compared to EUR256.5 million for the same period in 2025 representing an increase of 4%.

For the quarter ended June 30, 2026, FCFA2S increased EUR31.3 million to EUR14.6 million compared to negative EUR16.7 million for the same period in 2025. For the six months ended June 30, 2026, FCFA2S increased EUR35.1 million to EUR180.1 million compared to EUR145.0 million for the same period in 2025 representing an increase of 24%.

Forward Looking Statements

Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Topicus or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Topicus assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.

Non-IFRS Measures

Free cash flow available to shareholders "FCFA2S" refers to net cash flows from operating activities less interest paid on lease obligations, interest paid on other facilities, credit facility transaction costs, repayments of lease obligations, and property and equipment purchased, and includes interest and dividends received, and the proceeds from sale of interest rate caps. The portion of this amount applicable to non-controlling interests is then deducted. Topicus believes that FCFA2S is useful supplemental information as it provides an indication of the uncommitted cash flow that is available to shareholders if Topicus does not make any acquisitions, or investments, and does not repay any debts. While Topicus could use the FCFA2S to pay dividends or repurchase shares, Topicus' objective is to invest all of our FCFA2S in acquisitions which meet Topicus' hurdle rate.

FCFA2S is not a recognized measure under IFRS and, accordingly, readers are cautioned that FCFA2S should not be construed as an alternative to net cash flows from operating activities.

The following table reconciles FCFA2S to net cash flows from operating activities:

 
                       Three months ended    Six months ended June 
                            June 30,                  30, 
                      ---------------------  --------------------- 
                         2026        2025        2026       2025 
                      -----------  --------  ------------  ------- 
                       (EUR in millions)        (EUR in millions) 
 
Net cash flows from 
 operating 
 activities            (12.7)        (14.9)    267.8        256.5 
Adjusted for: 
Interest paid on 
 lease obligations      (0.9)         (0.7)     (1.7)        (1.4) 
Interest paid on 
 other facilities      (10.3)         (4.3)    (14.0)        (9.0) 
Credit facility 
 transaction costs         -          (3.2)     (0.3)        (3.3) 
Payments of lease 
 obligations            (8.7)         (7.2)    (17.1)       (14.0) 
Property and 
 equipment 
 purchased              (3.1)         (3.8)     (6.3)        (6.7) 
Interest and 
 dividends received     59.2           8.3      59.8          8.6 
 
                        23.6         (25.8)    288.2        230.7 
Less amount 
attributable to 
  non-controlling 
   interests            (9.0)          9.1    (108.0)       (85.7) 
 
Free cash flow 
 available to 
 shareholders           14.6         (16.7)    180.1        145.0 
 
(Due to rounding, 
 certain totals may 
 not foot.) 
 

About Topicus.com Inc.

Topicus' subordinate voting shares are listed on the Toronto Venture Stock Exchange under the symbol "TOI". Topicus acquires, manages and builds vertical market software businesses.

About Constellation Software Inc.

Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation acquires, manages and builds vertical market software businesses.

For further information:

Jamal Baksh

Chief Financial Officer

(416) 861-9677

info@topicus.com

www.topicus.com

SOURCE: TOPICUS.COM INC.

 
Topicus.com Inc. 
Condensed Consolidated Interim Statements of Financial 
 Position 
(In thousands of euros, except per share amounts. 
 Due to rounding, numbers presented may not foot.) 
 
Unaudited 
                                    June 30, 2026   December 31, 2025 
 --------------------------------   -------------  ------------------- 
 
Assets 
 
Current assets: 
 Cash                                     323,269            326,686 
 Accounts receivable                      180,168            175,613 
 Unbilled revenue                          73,800             53,909 
 Inventories                                7,666              7,057 
 Other assets                              81,593             67,969 
 
                                          666,495            631,234 
 
Non-current assets: 
 Property and equipment                    28,670             27,343 
 Right of use assets                       91,900             96,656 
 Deferred income taxes                     23,322             23,494 
 Investments in associates                479,184            515,368 
 Other assets                              18,929             17,790 
 Intangible assets                      1,206,673          1,201,287 
 --------------------------------- 
                                        1,848,678          1,881,939 
 
Total assets                            2,515,173          2,513,173 
---------------------------------   -------------  ----------------- 
 
Liabilities and Shareholders' 
Equity 
 
Current liabilities: 
 Topicus Revolving Credit Facility