Constellation Software Inc. and Topicus.com Inc. Announce Results for Topicus.com Inc. for the Second Quarter Ended June 30, 2026

**Q2 2026 Headlines:**

* Revenue increased 18% (4% organic growth) to €437.3 million compared to €372.0 million in Q2 2025.
* Net income increased 14% to €47.3 million (€0.36 on a diluted per share basis) from €41.5 million (€0.31 on a diluted per share basis).
* Acquisitions were completed for aggregate cash consideration of €31.2 million (which includes acquired cash). Deferred payments associated with these acquisitions have an estimated value of €9.0 million resulting in total consideration of €40.2 million.
* Cash flows from operations (“CFO”) increased €2.3 million to negative €12.7 million compared to negative €14.9 million in Q2 2025.
* Free cash flow available to shareholders^(1) (“FCFA2S”) increased €31.3 million to €14.6 million compared to negative €16.7 million in Q2 2025.

Curious to get everyone's thoughts.