Topicus.com Inc.

Topicus.com Inc.

TOI.V
Topicus.com Inc.CA flagToronto Stock Exchange Ventures
101.85
CAD
+1.25
- -
8.49BMarket Cap
Topicus.com Inc.
TOI.V
(Toronto Stock Exchange Ventures)

Recent

price

101.69

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.59
12.53
11.73
11.39
13.74
15.64
18.65
16.92
Revenue per Share
1.18
1.08
-30.16
0.66
0.88
1.11
0.5
1.54
Basic EPS, GAAP
3.01
3.79
2.7
2.43
2.92
4.1
4.83
4.3
Free Cash Flow per Basic Share
- -
- -
0.58
0.83
- -
1.54
- -
- -
Dividend per Share
5.15
4.52
-27.52
3.31
4.11
3.69
4.2
4.55
Book Value per Share
-4.86
-4.61
-38.47
-5.05
-3.8
-5.07
-5.04
-4.45
Tangible Book Value per Share
39
39
63
80
82
83
83
83
Basic Weighted Avg Shares
417
494
743
917
1,125
1,295
1,552
1,405
Sales/Revenue/Turnover
16.95
19.44
16.25
14.61
16.05
16.97
16.49
17.15
Operating Margin (%)
62
69
110
135
152
170
204
184
Depreciation Expense
46
42
-1,884
53
72
92
42
128
Net Income, GAAP
20.85
25.09
- -
16.1
20.27
18.53
35.27
16.13
Effective Tax Rate (%)
11.13
8.6
-253.73
5.77
6.38
7.1
2.69
9.08
Profit Margin (%)
-107
-87
-198
-260
-148
-246
-384
-248
Working Capital
63
70
135
78
106
102
415
409
LT Debt
202
265
356
468
592
531
782
826
Total Equity
- -
20.42
- -
16.15
16.99
20.05
13.29
17.62
Return on Invested Capital (%)
- -
7.24
- -
2.41
4.94
6.09
2.75
6.52
Return on Capital (%)
- -
22.3
- -
- -
23.79
28.64
12.75
40.73
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
249
284
171
LT Borrowings
49
53
341
LT Finance Leases
53
56
67
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
83
83
83
Market Capitalization
6,742
7,525
8,827

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
454
602
550
Cash, Cash Equivalents & STI
206
296
249
Accounts Receivable, Net
143
171
155
Inventories
5
6
7
Total Current Liabilities
700
996
798
Payables & Accruals
282
331
305
ST Debt
249
284
171
Deferred Revenue
167
379
320

Growth Rates

FRC

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
- -
- -
- -

Quarterly Revenue

FRC

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

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