Statement:CONSOLIDATED IFRS / STATUTORY AUDIT
Period:Q4 FY2026 LIVE
Consolidation:18 SUB-ENTITIES (100% FILED)
SHA-256 #FIN-IFRS-992Merkle Sealed
Currency Base:
Gross Profit Margin
68.4%
+2.1% YoY
Gross Profit:
€97.71M / €142.85M GMV
Operating Expenses (OPEX)
€59.31M
41.5% GMV
R&D
€24.2M
S&M
€21.5M
G&A
€13.6M
Operating Income (EBIT)
€38.40M
+3.4% YoY
26.9% Operating Margin
EXPANDING
Net Income After Tax
€29.85M
20.9% Net
Eff. Tax Rate: 22.3%
IE/CH HoldCo Opt.
Consolidated Statement of Profit or Loss (IFRS / Statutory Format)
All statutory eliminations applied per Article 12 Consolidation Standards
ZERO-VARIANCE BALANCE (BAL-CHECK: OK)
| Line Item & Provenance | Q4 FY26 Actual | Q4 FY26 Budget | Variance (€ / %) | Lineage Source / ERP |
|---|---|---|---|---|
|
1. REVENUE (CONSOLIDATED)
GL-CAT-4000
| ||||
|
Gross Marketplace GMV
GL-4010 • Transaction Volume Cleared
|
€142,850,000
+12.4% vs PY
| €138,000,000 |
+€4,850,000
+3.51% Favorable
| SAP #8812-GBM |
|
Less: Partner Rebates & Volume Incentives
GL-4080 • Platform Netting Contract Clause 6
| -€8,400,000 | -€8,100,000 |
-€300,000
+3.7% Unfav.
| Swift MT103 Batch |
| NET MARKETPLACE REVENUE | €134,450,000 | €129,900,000 | +€4,550,000 (+3.5%) | IFRS-15 VERIFIED |
|
2. COST OF REVENUE (COR)
GL-CAT-5000
| ||||
|
Clearing & Settlement Liquidity Fees
GL-5010 • Swift & Card Schematics
| €28,400,000 | €29,100,000 | +€700,000 (Savings) | VISA/MC Settlement #09 |
|
Cloud & Low-Latency Network Transit
GL-5040 • AWS/Equinix Interconnect
| €8,340,000 | €8,000,000 | -€340,000 (Over) | AWS Direct Connect #44 |
|
Merchant Onboarding & AML/KYC Scans
GL-5070 • RegTech Biometrics & Bureau
| €5,000,000 | €5,200,000 | +€200,000 (Favorable) | EXE-009 Trace |
| TOTAL COST OF REVENUE | €41,740,000 | €42,300,000 | +€560,000 (+1.32%) | GL-SUM-5999 |
|
GROSS PROFIT
68.9% MARGIN
| €92,710,000 | €87,600,000 | +€5,110,000 (+5.83%) | RECONCILED 100% |
|
3. OPERATING EXPENSES (OPEX)
GL-CAT-6000
| ||||
| Core Platform Engineering & Infosec | €21,400,000 | €22,000,000 | +€600,000 | Workday HR #1092 |
| Global Enterprise Sales & Business Dev | €18,200,000 | €18,000,000 | -€200,000 | SFDC Commission #03 |
| Compliance, Legal & Regulatory Licensure | €8,100,000 | €7,800,000 | -€300,000 | EXE-009 / Legal Core |
| General, Administrative & Governance | €6,610,000 | €6,500,000 | -€110,000 | SAP NetWeaver #812 |
| TOTAL OPERATING EXPENSES | €54,310,000 | €54,300,000 | -€10,000 (Neutral) | GL-SUM-6999 |
| OPERATING INCOME (EBITDA) 28.6% MARGIN | €38,400,000 | €33,300,000 | +€5,100,000 (+15.3%) | EBITDA AUDITED |
| Depreciation & Amortization (Capitalized Software) | -€4,200,000 | -€4,200,000 | €0 (On Target) | Fixed Asset Sched. #14 |
|
Net Financial Result (FX Hedge & Treasury Yield)
Includes -€420k Netting Buffer Provision under Clause 4.2
| -€1,100,000 | -€800,000 | -€300,000 | Treasury EXE-203 |
| EARNINGS BEFORE TAX (EBT) | €33,100,000 | €28,300,000 | +€4,800,000 | IFRS STATUTORY |
|
Income Tax Provision (Irish HoldCo 12.5% + Sub Rates)
Effective Consolidated Tax Rate 22.3%
| -€7,380,000 | -€6,310,000 | -€1,070,000 | Tax Ledger #IE-99 |
|
CONSOLIDATED NET INCOME (Q4 Run-Rate)
Fully cleared, 18 Sub-Entities reconciled, zero unreconciled balances
| €25,720,000 | €21,990,000 |
+€3,730,000
+16.96% Favorable
|
SEAL #FIN-IFRS-992
SHA-256 Merkle Proven
|
18 Entities Sealed
•
Accounting Standard: IFRS 10 & 15 Strict
•
Last Synced: 18 Oct 2026 14:48:12 UTC
Displaying 14 of 14 primary line items
Consolidated Asset & Liquidity Allocation
Total Consolidated Assets
€197,000,000
Liquidity Coverage Ratio
284.2% (Min 110%)
Total Current Assets
€112,400,000
Cash & Equiv.
€48.20M
Restricted Escrow
€18.40M
Accounts Receivable
€45.80M
Total Non-Current Assets
€84,600,000
Capitalized Software (IFRS 38)
€62.10M
73.4% of NCA
Hardware & HSM Nodes
€22.50M
26.6% of NCA
Consolidated via Automated Sweep Engine v3.1
Intercompany Netting & Elimination Matrix
Cross-Entity Volume Cleared
€42,800,000
Unreconciled Variance
€0.00
Clearing Route
Type
Eliminated (€)
Status
DE-01 (Berlin) ➔ IE-02 (Dublin)
Tech License Royalty
€24,500,000
Zeroed
NL-01 (Amsterdam) ➔ IE-02 (Dublin)
Card Processing Margin
€12,300,000
Zeroed
CH-01 (Zurich) ➔ DE-01 (Berlin)
Treasury Liquidity Sweep
€6,000,000
Zeroed
Statutory Audit Sign-off: Deloitte & Touche Ireland LLP
Pending Final Close (Attestation by H. Rossi, Chief Legal Counsel)
Zero-loss strict clearing cap verified
Full Intercompany Elimination Matrix
CFO Strategic Navigation Dock
Active Lens: L-02 • Statutory & Managerial Oversight Layer