Due to rounding, numbers presented may not foot.) Unaudited Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Revenue License 8,650 7,513 25,984 22,338 Professional services 76,318 72,104 230,632 213,418 Hardware and other 4,494 3,906 15,081 10,291 Maintenance and other recurring 222,760 195,286 658,282 569,276 312,222 278,810 929,979 815,322 Expenses Staff 164,506 152,862 515,083 458,811 Hardware 3,204 2,988 11,395 7,111 Third party license, maintenance and professional services23,737 22,265 70,794 64,153 Occupancy 2,674 679 8,063 5,705 Travel, telecommunications, supplies, software and equipment11,789 11,140 36,675 31,407 Professional fees 4,991 3,815 15,265 12,653 Other, net 5,008 3,303 13,373 10,481 Depreciation 8,430 7,718 24,880 22,708 Amortization of intangible assets 34,255 31,874 99,337 89,820 258,594 236,644 794,865 702,848 Impairment of intangible and other non-financial assets- - 633 - Bargain purchase (gain) - - (323) - Finance and other expenses (income) 6,821 5,308 18,255 14,705 6,821 5,308 18,565 14,705 Income (loss) before income taxes 46,807 36,857 116,549 97,769 Current income tax expense (recovery) 16,168 14,317 44,698 41,543 Deferred income tax expense (recovery) (7,390) (5,805) (21,429) (16,699)Income tax expense (recovery) 8,778 8,512 23,269 24,844 Net income (loss) 38,029 28,345 93,280 72,926 Net income (loss) attributable to: Equity holders of Topicus 23,340 17,983 58,447 46,455 Non-controlling interests 14,689 10,362 34,834 26,471 Net income (loss) 38,029 28,345 93,280 72,926 Weighted average shares Basic shares outstanding 82,912,026 81,889,764 82,664,754 81,889,764 Diluted shares outstanding 129,841,819 129,841,819 129,841,819 129,841,819 Earnings (loss) per common share of Topicus Basic 0.28 0.22 0.71 0.57 Diluted 0.28 0.22 0.71 0.57 Topicus.com Inc. Condensed Consolidated Interim Statements of Comprehensive Income (Loss) (In thousands of euros, except per share amounts.
Due to rounding, numbers presented may not foot.) Unaudited Nine months ended September 30, 2024 Capital StockAccumulated other comprehensive (loss) incomeRetained earnings (Deficit) 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)--58,447 58,447 34,834 93,280 Other comprehensive income (loss) Foreign currency translation differences from foreign operations and other, net of income tax-258- 258 547 806 Total other comprehensive income (loss) for the period-258- 258 547 806 Total comprehensive income (loss) for the period-25858,447 58,705 35,381 94,086 Transactions with owners, recorded directly in equity Other movements in non-controlling interests and equity--(188)(188)(305)(493) 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--- - (78,998)(78,998) Balance at September 30, 202439,4122,649232,796 274,857 195,532 470,389 Topicus.com Inc. Condensed Consolidated Interim Statement of Changes in Shareholders' Equity (Deficiency) (In thousands of euros, except per share amounts.
The following press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2024 and the accompanying notes, our Management’s Discussion and Analysis for the three and nine months ended September 30, 2024 and the Annual Consolidated Financial Statements of Topicus.com Inc.for the year ended December 31, 2023, 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, 2023, which can be found on SEDAR+ at and on Topicus.com Inc.’s website Additional information about Topicus.com Inc.is also available on SEDAR+ at Q3 2024 Headlines: Revenue increased 12% (4% organic growth) to €312.2 million compared to €278.8 million in Q3 2023. Net income increased 34% to €38.0 million (€0.28 on a diluted per share basis) from €28.3 million (€0.22 on a diluted per share basis). Acquisitions were completed for aggregate cash consideration of €18.2 million (which includes acquired cash).
The story "Constellation Software Inc. and Topicus.com Inc. Announce Results for Topicus.com Inc. for the Third Quarter Ended September 30, 2024" has 1387 words across 36 sentences, which will take approximately 6 - 12 minutes for the average person to read.
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