Gogidix CFO Â· TEST / SIMULATION

Selected source choice: Base Case

Displayed figures and chart: original Base Case source fixture. No live model, accepted forecast or committed guidance. No recomputation is performed.

P-MGT-CFO-T5 / EXE-206 ROLLING 8Q MODEL

Continuous dynamic forecasting engine, board-approved variance reconciliation & stress runway

GBM ANCHOR: MERKLE-ROOT #9842F-Q3

Sync: T+0 Live Stream

FY26 Proj. Revenue

€148.50M +15.8%

Vs Board Budget: €128.20M +€20.30M Fav

Net Operating Cash Flow

€41.20M 99.4% Conv

FCF Run-Rate Target €31.80M (Audited)

Model Confidence Interval

98.4% ±1.2% SE

GBM Merkle Predictive Fit p < 0.001

Runway at Stress Max

Self-Sustaining

Unencumbered Cash Pool €48.20M (RCF 0%)

8-Quarter Consolidated Rolling Trajectory

Actuals (Q1 2025 - Q4 2026) to Predictive Horizon (Q1 2027 - Q4 2027) with Monte Carlo Bands

Actuals

Forecast

Board Budget

Illustrative source chart · scroll horizontally or focus here and use ← → for readable labels. Source fonts, paths and values are unchanged.

Original source chart labels

€55M
€45M
€35M
€25M
FORECAST HORIZON
Q1 '25
Q2 '25
Q3 '25
Q4 '25
Q4 '26
Q1 '27
Q2 '27
Q3 '27
Q4 '27
€41.45M
€52.10M

These are literal labels, not a reconstructed data series, accepted evidence or model output.

Actuals CAGR ('25-'26) +22.8%

Projected CAGR ('27) +18.2%

Upper Band (Bull 95th) €55.40M

Lower Band (Bear 5th) €46.80M

FY26 Variance Ledger & Line-Item Decomposition

Continuous reconciliation against approved Board baseline (Zero-Horizontal Scroll mandate)

6 of 6 Core Lines Reconciled

Financial Line Item

Approved Budget

Actuals / Forecast

Variance (€)

% Delta

Provenance

Gross Marketplace GMV REV-CORE-001

€138.00M

€148.50M Act: €142.85M

+€10.50M

+7.6%

SAP/GBM

Cost of Revenue (COR / Rails) COR-SWIFT-092

€42.30M

€43.10M Act: €41.74M

-€800.0k

+1.9%

Swift/Stripe

R&D / Platform Engineering OPEX-ENG-311

€22.00M

€22.10M Act: €21.40M

-€100.0k

Track

Workday

Sales & Enterprise BizDev OPEX-S&M-104

€18.00M

€18.50M Act: €18.20M

-€500.0k

-2.8%

SFDC Gbl

Compliance, Legal & Licensing GOV-REG-502

€7.80M

€8.30M Act: €8.10M

-€500.0k

-6.4%

Legal Vault

Operating Income (EBITDA) CORE-EBITDA-TOT

€33.30M

€41.20M Act: €38.40M

+€7.90M

+23.7%

IFRS-16 Vld

Stress-Test Sensitivity Engine

STRESS-v4

Real-time simulation of macroeconomic vectors against net liquidity buffers.

ECB / SOFR Yield Curve (+100 bps) +€480k

Treasury Repo & Short-Duration Active Collateral Hedge

EUR / USD FX Shift (±5.00%) €380k Collar

Forward Strip Coverage: 92% Max Drag: -€120k

Cross-Border GMV Shock (-20%) -€3.40M EBITDA

Breakeven Threshold: -44.5% Resilient

Monte Carlo runs: 50,000 iter

CapEx & Growth Allocations

€35.50M Total

Core Infrastructure Modernization €12.5M (35.2%)

Tier-1 US FedNow / ACH Expansion €8.0M (22.5%)

Sovereign Liquidity Escrow Pool €15.0M (42.3%)

CapEx Execution Note

All €35.5M growth deployments funded 100% out of organic free cash flow without dilutive debt issuance.

Covenant Compliance Outlook

18 / 18 PASS

CET1 Statutory Buffer

17.8% (Min: 10.5%)

Net Debt-to-EBITDA

0.14x (Max Limit: 2.75x)

Fixed Charge Coverage (FCCR)

6.2x (Min Limit: 2.5x)

Next Attestation Date 31-MAR-2027

CFO Direct Hop-Dock:

Global Financials EXE-201 Regions Comp. CFO-T2 Financial Stmts EXE-202

GBM-VALIDATED CONCORDANCE