Topicus.com, Inc.

Topicus.com, Inc.

97.59
CAD
+4.86
(+5.24%)
2.79EPS
33.26P/E
7.54BMarket Cap
Nov 04Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.59
12.53
11.73
11.39
13.74
15.64
18.65
20.19
Basic EPS, GAAP
1.18
1.08
-30.16
0.66
0.88
1.11
0.5
1.67
Free Cash Flow per Basic Share
3.01
3.79
2.7
2.43
2.92
4.1
4.83
4.18
Dividend per Share
- -
- -
0.58
0.83
- -
1.54
- -
- -
Book Value per Share
5.14
4.48
-67.96
3.25
4.14
3.75
5.69
6.5
Tangible Book Value per Share
-4.86
-6.84
-86.32
-7.42
-6.89
-7.7
-8.73
-7.95
Basic Weighted Avg Shares
39
39
63
80
82
83
83
83
Sales/Revenue/Turnover
417
494
743
917
1,125
1,295
1,552
1,682
Operating Margin (%)
16.95
19.44
16.25
14.61
16.05
16.97
16.49
16.76
Depreciation Expense
62
69
110
135
152
170
204
218
Net Income, GAAP
46
42
-1,884
53
72
92
42
139
Effective Tax Rate (%)
20.85
25.09
- -
16.1
20.27
18.53
35.27
14.97
Profit Margin (%)
11.13
8.6
-253.73
5.77
6.38
7.1
2.69
8.29
Working Capital
-107
-87
-198
-260
-148
-246
-384
-237
LT Debt
63
70
135
78
106
102
415
413
Total Equity
202
265
356
468
592
531
782
884
Return on Invested Capital (%)
- -
20.42
- -
16.15
16.99
20.04
14.83
20.26
Return on Capital (%)
- -
7.26
- -
4.18
4.93
6.06
2.61
6.46
Return on Common Equity (%)
- -
22.42
- -
- -
23.71
28.29
10.64
28.71

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
376
128
148
LT Borrowings
347
353
351
LT Finance Leases
67
65
62
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
83
83
84
Market Capitalization
6,520
4,848
4,652

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
631
705
666
Cash, Cash Equivalents & STI
327
331
323
Accounts Receivable, Net
176
210
180
Inventories
7
8
8
Total Current Liabilities
1,015
1,029
904
Payables & Accruals
428
444
379
ST Debt
376
128
148
Deferred Revenue
207
454
374

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
25.87%
47.12%
Free Cash Flow
- -
22.29%
18.47%
Net Income, GAAP
- -
-925.65%
-54.61%
Sales/Revenue/Turnover
- -
26.29%
19.88%
Total Cash Common Dividend
- -
- -
-100%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
307
311
312
365
1,295
2025
356
372
- -
437
1,552
2026
436
437
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.21
0.28
0.4
1.11
2025
0.54
0.31
- -
0.59
0.5
2026
0.41
0.36
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.55
- -
- -
- -
1.54
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ramon Zanders
Full Time Employees
163
Sector
Technology services
Industry
Packaged software
Address
Singel 25 Toronto AB Canada 7411 HW
IPO Date
Feb 1, 2021
Business
Topicus.com Inc. (TSXV:TOI) operates as a pan-European holding company that acquires, builds and manages vertical market software businesses and platforms serving public and private sector clients in sectors including education, healthcare, social services, local and central government, retail, financial services and accountancy, legal services, real estate, automotive, maritime and professional associations; it develops, installs, customizes and supports mission-critical software solutions such as consumer-centric platforms, common workspaces, ERP systems for niche industries, ParnasSys and Somtoday for education, mortgage processing and business lending software, ambulance and cancer screening tools for healthcare, and Gidso for social services case management. The company generates recurring revenue primarily from maintenance (70%), professional services (25%), licenses (3%) and hardware (2%), with operations spanning 26 countries across Europe including the Netherlands (49% of revenue), France (17%), Spain (7%), Germany (4%) and others; its subsidiaries are organized into three groups: TSS Public for public and healthcare software in the Netherlands and Southern Central Europe (e.g., PharmaPartners, PinkRoccade), TSS Blue for private sector solutions in the Netherlands, Germany and Nordics (e.g., Everest, Blueriq), and Topicus.com B.V. for Dutch public and private markets in finance, healthcare and education. Incorporated in 2020 through the spin-out from Constellation Software Inc. (which retains a 31.3% stake and board influence) of predecessor Total Specific Solutions (acquired by Constellation in 2013) combined with Topicus.com B.V. (founded 1998), Topicus.com Inc. is headquartered at Singel 25 in Deventer, Netherlands, with approximately 4,250 employees and significant insider ownership including 29.4% by Chair and CEO Robin van Poelje's Joday Group. Recent major developments include accelerated acquisition activity in fiscal 2025 committing approximately €625 million in the first two months alone for its largest deals to date: the €190-220 million purchase of Cipal Schaubroeck NV (Belgium, public sector software) by TSS, a €425 million investment for roughly 25% stake (including 9.99% initial purchase and planned 14.84% treasury shares) in Asseco Poland S.A. plus a shareholders' agreement with the Adam Góral Family Foundation, alongside smaller acquisitions such as Acto Informatisering and Hachmeister + Partner (installation and fashion benchmarking software, Netherlands/Germany), iSOFT Nederland and ExpertDoc (healthcare, Netherlands), PT Realta Chakradarma (hospitality ERP, Indonesia), Dot.Cy (hospitality/leisure, Cyprus), Sofinn Italia (automotive aftermarket, Italy) and Dolist (email marketing martech, France); these transactions, supported by a €200 million Schuldschein loan, mark expansions beyond core TSS and Topicus.com B.V. footprints into Asia, larger-scale investments and new verticals, driving projected 35% revenue growth to €1.75 billion in FY25.

Company News

  • Topicus: Strong VMS Growth, But Q2 Cash Flow Is Less Impressive Than It Looks

  • Topicus.com Inc. Announces Release Date for Second Quarter Results

  • Topicus.com Inc. Announces a Revised Proposal to Acquire ReadyTech

  • Topicus: The Bottom Is Where It Begins

  • Topicus Remains Exposed To AI, But Its Discount Is Compelling

  • Constellation Software Inc., Topicus.com Inc. and Lumine Group Inc. Announce Update to Schedule for Annual Meetings

  • Topicus.com Inc. Announces Release Date for First Quarter Results

  • Constellation Software Inc., Topicus.com Inc. and Lumine Group Inc. Announce Annual Meetings

  • Topicus.com Inc. Announces Release Date for Fourth Quarter Results

  • Topicus: Recurring VMS Revenues And M&A Discipline Remain Bullish

  • Topicus.com Inc. Announces Release Date for Third Quarter Results

  • Topicus: Rising To The Topicus Of VMS Supremacy In Europe

  • Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the Second Quarter Ended June 30, 2025

  • Topicus.com Inc. Announces Release Date for Second Quarter Results

  • Topicus.com Inc. successfully completes inaugural €200 million Schuldschein loan

  • Topicus: M&A Activity Explodes

  • Joint Press Release of Constellation Software Inc. and Topicus.com Inc. -- Topicus.com Inc. completes acquisition of Cipal Schaubroeck in Belgium

  • Joint Press Release of Constellation Software Inc. and Topicus.com Inc. -- Topicus.com Inc. completes acquisition of Cipal Schaubroeck in Belgium

  • Topicus.com Inc. Announces Election of Members of the Board of Directors

  • Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the First Quarter Ended March 31, 2025