| EUR billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.5 | 61.5 | 87.0 | 121.9 | 129.9 | 119.9 | −7.7% | |
| Cost of revenue | 26.1 | 20.5 | 43.7 | 74.9 | 78.7 | 71.9 | −8.7% | |
| Gross profit | 34.4 | 41.0 | 43.4 | 47.0 | 51.2 | 48.0 | −6.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 17.8 | 18.1 | 20.4 | 21.7 | 22.2 | 21.5 | −2.9% | |
| Selling & marketing | 0.5 | 0.5 | 0.6 | 0.6 | 0.5 | 0.0 | −100.0% | |
| Operating expenses | 36.5 | 26.5 | 28.1 | 30.5 | 32.2 | 29.3 | −8.8% | |
| Operating income | (2.1) | 14.5 | 15.3 | 16.5 | 19.0 | 18.7 | −1.8% | |
| Interest expense | 13.7 | 13.1 | 32.8 | 62.0 | 66.1 | 59.4 | −10.1% | |
| Interest income | 45.7 | 46.5 | 71.4 | 105.3 | 112.7 | 101.7 | −9.8% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Pre-tax income | (2.1) | 14.5 | 15.3 | 16.5 | 19.0 | 18.7 | −1.8% | |
| Income tax | 5.6 | 4.9 | 4.5 | 4.3 | 5.3 | 4.7 | −10.6% | |
| Net income | (8.8) | 8.1 | 9.6 | 11.1 | 12.6 | 14.1 | +12.1% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.5 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.54) | 0.44 | 0.54 | 0.65 | 0.77 | 0.88 | +14.3% | |
| EPS, diluted (per share) | (0.54) | 0.44 | 0.54 | 0.65 | 0.77 | 0.87 | +13.0% | |
| EBITDA | 0.7 | 17.3 | 18.2 | 19.6 | 22.3 | 21.9 | −2.1% | |
| Depreciation & amortization | 2.8 | 2.8 | 3.0 | 3.2 | 3.3 | 3.2 | −3.5% | |
| Weighted average shares (shares) | 17,316,289,000 | 17,272,055,000 | 16,848,345,000 | 16,172,085,000 | 15,497,607,000 | 15,495,694,000 | −0.0% | |
| Weighted average diluted shares (shares) | 17,316,289,000 | 17,321,028,000 | 16,903,661,000 | 16,247,265,000 | 15,567,718,000 | 15,927,273,000 | +2.3% | |
| Gross margin | 56.8% | 66.7% | 49.8% | 38.5% | 39.4% | 40.0% | +0.6 pts | |
| Operating margin | −3.4% | 23.7% | 17.5% | 13.5% | 14.6% | 15.6% | +0.9 pts | |
| Net margin | −14.5% | 13.2% | 11.0% | 9.1% | 9.7% | 11.8% | +2.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in USD.
