Topicus (TOI) Q1 2026 earnings summary

Executive summary

• Revenue rose 23% year-over-year to €435.7 million, with 5% organic growth, driven mainly by acquisitions.

• Net income declined to €55.1 million from €70.1 million year-over-year, with diluted EPS at €0.41 versus €0.54.

• Cash flows from operations increased 3% to €280.5 million, and free cash flow available to shareholders (FCFA2S) rose 2% to €165.4 million.

• Acquisitions totaled €15.0 million in cash, with deferred payments of €7.5 million, for total consideration of €22.5 million.

Financial highlights

• Revenue: €435.7 million, up €80.1 million year-over-year.

• Net income: €55.1 million, down €15.1 million year-over-year.

• Diluted EPS: €0.41, down from €0.54 year-over-year.

• Cash flows from operations: €280.5 million, up €9.0 million year-over-year.

• FCFA2S: €165.4 million, up €3.7 million year-over-year.

Capital allocation and financing

• Acquisitions completed for €15.0 million in cash, with €7.5 million in deferred payments.

• Net decrease in revolving credit facility of €245.0 million during the quarter.

• Dividends paid to non-controlling interests totaled €3.5 million.