Annual Report 2025

2 Basis of presentation

SoftwareOne Holding AG’s consolidated financial statements are prepared in accordance with the IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) and in accordance with IAS 1 Presentation of Financial Statements. Material accounting policy information is included in the notes to which they relate.

New and amended standards and interpretations

As of January 1, 2025, the amendment to IAS 21: “The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability” entered into force, but has not had a significant impact on the group. SoftwareOne has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective.

New standards and interpretations not yet adopted

The IASB has issued several potentially relevant changes to IFRS Accounting Standards that will be effective in future accounting periods.

In April 2024, the International Accounting Standards Board (IASB) published IFRS 18 “Presentation and Disclosure in Financial Statements”, which will become effective on January 1, 2027, replacing IAS 1. The new standard is to be applied retrospectively. IFRS 18 introduces new requirements for information presented in the primary financial statements and disclosure in the notes, with a particular focus on the income statement with new categories and subtotals. The group will adopt the new standard in 2027 and is currently assessing the impact. The new standard primarily impacts the structure of the consolidated income statement and reporting of certain lines thereof. In addition, IFRS 18 will introduce new requirements for the disclosures in the notes to the financial statements such as management-defined performance measures (MPM). SoftwareOne is currently evaluating options for the presentation of internal reporting and the MPM.

In addition, amendments to standards that are expected to have only a minor impact on the group, and their effective date, are listed below:

• Amendments to IFRS 9 and IFRS 7: Classification and Measurement of Financial Instruments and Contracts Referencing Nature dependent Electricity – adoption by January 1, 2026
• Annual Improvements to IFRS Accounting Standards - Volume 11 – adoption by January 1, 2026

There are no other IFRS Accounting Standards, IFRIC interpretations or amendments that are not yet effective that would be expected to have a material impact on the group.

Changes to operating segments and goodwill allocation

Following the acquisition of Crayon at the beginning of July, operating segments have been reassessed. Given Crayon’s significant presence in the Nordics and the CEE, the rEMEA region has been restructured into three new operating regions: Nordics, WEMEA and CEE. The change in the breakdown of the financial information reflects an increased management focus, the level of decision-making and the relative importance of the profits and assets of the new operating segments. In addition, the Middle East subregion encompassing Dubai and Quatar was moved from APAC to WEMEA. Comparative information has been adjusted accordingly, see also Note 28 Segment reporting.

The operating segments constitute the lowest level at which goodwill is monitored for internal management purposes. As a result, the group reallocated the goodwill previously allocated to rEMEA to Nordics, WEMEA and CEE. The split was performed on the basis of the relative value of the recoverable amount. The change for Middle East had no impact on goodwill allocation.

The following table shows the composition of goodwill by CGU after the reallocation as of July 2, 2025 (prior to the recognition of the goodwill from the Crayon acquisition):

Other changes in presentation

The group has made the following presentational changes in 2025, and comparative information has been adjusted accordingly:

• Total revenue is only disaggregated in note 6 Revenue and no longer on the face of the income statement. The group introduced a new business line “Software & Cloud Channel” which represents the sale of software and cloud licenses to or through partners that have relationships with end customers.
• Goodwill is presented separately in the balance sheet.
• The amounts in the report are stated in millions of Swiss francs instead of thousands.

Consideration of climate-related matters

Given its dual listing on the Euronext Oslo Børs, SoftwareOne reports on climate risks and opportunities and has implemented the requirements of the EU’s Corporate Sustainability Reporting Directive/European Sustainability Reporting Standards. The potential climate change-related risks and opportunities to which the group is exposed, as identified by management, are disclosed in the group’s Sustainability Statement. Management has assessed the potential financial impacts relating to the identified risks and exercised judgement in concluding that there are no material financial impacts of the group’s climate-related risks and opportunities on the financial statements. These judgements will be kept under review by management as the future impacts of climate change depend on environmental, regulatory and other factors outside of the group’s control which are not all currently known.

Foreign currency translation

The following exchange rates were used: