| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.5 | 60.9 | 106.4 | 108.6 | 248.7 | 595.9 | +139.6% | |
| Cost of revenue | 45.9 | 39.0 | 50.3 | 56.0 | 127.2 | 230.8 | +81.4% | |
| Gross profit | (26.4) | 21.9 | 56.1 | 52.6 | 121.5 | 365.1 | +200.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.1 | 10.4 | 13.9 | 25.1 | 51.6 | 0.0 | −100.0% | |
| Selling & marketing | 6.3 | 8.3 | 11.5 | 20.1 | 36.5 | 0.0 | −100.0% | |
| Operating expenses | 9.5 | 10.8 | 14.9 | 38.2 | 52.0 | 68.3 | +31.2% | |
| Operating income | (35.9) | 11.1 | 41.2 | 14.4 | 69.4 | 296.8 | +327.4% | |
| Interest expense | 4.3 | 3.4 | 1.5 | 2.9 | 2.8 | 23.0 | +722.1% | |
| Interest income | 7.7 | 0.4 | 0.2 | 1.4 | 3.3 | 1.6 | −50.0% | |
| Other income / expense | 8.9 | (3.7) | (5.7) | (2.9) | (2.0) | (20.3) | −930.8% | |
| Pre-tax income | (27.0) | 7.4 | 35.5 | 11.5 | 67.5 | 276.5 | +309.8% | |
| Income tax | (0.0) | (0.0) | 0.0 | 0.0 | 2.4 | 7.4 | +206.3% | |
| Net income | (27.0) | 7.5 | 35.5 | 11.5 | 65.1 | 269.1 | +313.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (3.88) | 0.23 | 0.88 | 0.23 | 0.76 | 3.08 | +305.3% | |
| EPS, diluted (per share) | (3.88) | 0.23 | 0.88 | 0.23 | 0.76 | 3.04 | +300.0% | |
| EBITDA | (32.0) | 27.1 | 58.8 | 49.7 | 125.3 | 402.8 | +221.5% | |
| Depreciation & amortization | 3.9 | 16.2 | 21.7 | 22.5 | 55.0 | 103.3 | +87.8% | |
| Weighted average shares (shares) | 6,483,500 | 32,790,250 | 40,804,750 | 50,340,500 | 86,494,750 | 87,627,000 | +1.3% | |
| Weighted average diluted shares (shares) | 6,483,500 | 32,790,250 | 40,973,750 | 50,805,750 | 86,739,750 | 88,672,500 | +2.2% | |
| Gross margin | −135.6% | 36.0% | 52.7% | 48.5% | 48.8% | 61.3% | +12.4 pts | |
| Operating margin | −184.2% | 18.3% | 38.7% | 13.3% | 27.9% | 49.8% | +21.9 pts | |
| Net margin | −138.6% | 12.2% | 33.4% | 10.6% | 26.2% | 45.2% | +19.0 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.
