Topicus.Com Inc

TSXV:TOICanadaView on OTC Pink - Current Information

Oct 31, 2024

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• Constellation Software Inc. and Topicus.com Inc. Announce Results for Topicus.com Inc. for the Third Quarter Ended September 30, 2024, from 5:04PM ET on Thursday Oct 31, 2024 by Dow Jones

  5:04PM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: TOI
  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, 2024 39,412 2,649 232,796 274,857 195,532 470,389 ----------------- ------- ------------- --------- -------- --------------- -------- Topicus.com Inc. Condensed Consolidated Interim Statement of Changes in Shareholders' Equity (Deficiency) (In thousands of euros, except per share amounts. Due to rounding, numbers presented may not foot.) Unaudited ----------------- ------- -------------- --------- ------- ---------------- -------- Nine months ended September 30, 2023 Accumulated other comprehensive Retained Capital (loss) earnings Non-controlling Total Stock income (deficit) Total interests equity Balance at January 1, 2023 39,412 (232) 226,919 266,099 201,685 467,784 Total comprehensive income (loss) for the period: Net income (loss) - - 46,455 46,455 26,471 72,926 Other comprehensive income (loss) Foreign currency translation differences from foreign operations and other, net of income tax - 1,078 - 1,078 1,606 2,684 Total other comprehensive income (loss) for the period - 1,078 - 1,078 1,606 2,684 Total comprehensive income (loss) for the period - 1,078 46,455 47,533 28,076 75,610 ----------------- ------- ------------- --------- ------- --------------- ------- Transactions with owners, recorded directly in equity Other movements in non-controlling interests and equity - (7) 144 138 (196) (58) Contribution by non-controlling interests - - - - 9,617 9,617 Dividends paid to non-controlling interests - - - - (726) (726) Balance at September 30, 2023 39,412 839 273,519 313,770 238,456 552,226 ----------------- ------- ------------- --------- ------- --------------- ------- Topicus.com Inc. Condensed Consolidated Interim Statements of Cash Flows (In thousands of euros, except per share amounts. Due to rounding, numbers presented may not foot.) Unaudited Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Cash flows from (used in) operating activities: Net income (loss) 38,029 28,345 93,280 72,926 Adjustments for: Depreciation 8,430 7,718 24,880 22,708 Amortization of intangible assets 34,255 31,874 99,337 89,820 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 Income tax expense (recovery) 8,778 8,512 23,269 24,844 Change in non-cash operating assets and liabilities exclusive of effects of business combinations (49,742) (42,776) 46,296 (1,642) Income taxes (paid) received (14,839) (13,463) (37,588) (39,216) ------------------ Net cash flows from (used in) operating activities 31,732 25,518 268,039 184,145 Cash flows from (used in) financing activities: Interest paid on lease obligations (524) (375) (1,461) (1,029) Interest paid on other facilities (5,553) (4,801) (15,441) (11,366) Proceeds from sale of interest rate cap - (707) - 4,809 Net increase (decrease) in Topicus Revolving Credit Facility 50,000 5,000 135,000 40,000 Proceeds from issuance of term and other loans - 4,954 29,733 31,172 Repayment of loan from CSI - (29,878) - (29,878) Increase (decrease) in loan from Vela Software Group (300) 1,810 (300) 1,342 Contribution from Vela Software Group into GeoSoftware and Geoactive - 9,617 - 9,617 Return of capital to non-controlling interests - - (9,048) - Repayments of term and other loans (39,014) (4,232) (44,681) (77,173) Credit facility transaction costs (657) - (971) (238) Payments of lease obligations (6,124) (5,475) (18,057) (16,280) Other financing activities (356) (24) (356) (24) Dividends paid to non-controlling interests (1,809) - (78,997) (726) Dividends paid to shareholders of the Company - - (127,641) - Net cash flows from (used in) in financing activities (4,337) (24,112) (132,222) (49,775) Cash flows from (used in) investing activities: Acquisition of businesses (18,221) (7,190) (65,052) (95,238) Cash obtained with acquired businesses 2,325 1,443 14,444 7,026 Post-acquisition settlement payments, net of receipts (6,707) (4,845) (15,940) (15,900) (Increase) decrease in restricted cash (1,525) - (7,525) - Property and equipment purchased (1,960) (1,381) (6,366) (5,249) ------------------ Net cash flows from (used in) investing activities (26,090) (11,973) (80,439) (109,362) Effect of foreign currency on cash and cash equivalents (452) (41) 166 (73) Increase (decrease) in cash 854 (10,608) 55,544 24,935 Cash, beginning of period 233,749 172,315 179,059 136,772 Cash, end of period 234,603 161,707 234,603 161,707 ------------------- ------- ------- -------- ---