Management-defined performance measures
SoftwareOne has defined a set of non-IFRS, or management-defined financial measures, which reflect the company’s internal approach to analyzing its performance and which are also disclosed externally. These measures allow key decision makers at SoftwareOne to manage the company and make investment decisions. The company believes that such measures are also frequently used by external stakeholders such as sell-side research analysts, investors, and other interested parties to evaluate peers in the same industry.
Results overview
Go to full overview of SoftwareOne's interim condensed consolidated financial statements
Reported and adjusted profit and loss statement
in CHF million IFRS Reported | Adjusted | ||||
H1 2026 | H1 2025 | H1 2026 | H1 2025 | % Δ | |
Revenue | 818.3 | 486.6 | 818.3 | 487.7 | 67.8% |
Operating costs | –632.9 | –401.6 | –614.5 | –372.9 | 64.8% |
EBITDA1) | 185.4 | 85.0 | 203.8 | 114.7 | 77.6% |
Depreciation, amortization and impairment2) | –64.5 | –40.2 | –64.5 | –40.2 | 60.4% |
Earnings before net financial items and taxes | 120.9 | 44.8 | 139.3 | 74.5 | 86.9% |
Net financial items | –27.0 | –11.7 | –27.0 | –17.9 | 50.4% |
Earnings before tax | 93.9 | 33.1 | 112.4 | 56.5 | 98.8% |
Income tax expense | –39.6 | –23.2 | –41.8 | –27.0 | 54.7% |
Profit for the period | 54.3 | 9.9 | 70.6 | 29.6 | >100% |
EBITDA1) margin (% revenue) | 22.7% | 17.5% | 24.9% | 23.5% | 1.4pp |
Earnings per share (diluted), CHF | 0.25 | 0.06 | 0.33 | 0.19 | 67.4% |
1) Earnings before net financial items, taxes, depreciation and amortisation
2) Includes PPA amortization (including impairments, if applicable) of CHF 20.5 million and CHF 5.7 million in H1 2026 and H1 2025, respectively
Reconciliation - IFRS reported to adjusted profit
CHFm | H1 2026 | H1 2025 |
IFRS reported profit for the period | 54.3 | 9.9 |
Revenue recognition adjustment IFRS 15 | - | 0.9 |
Crayon transaction expenses | –0.7 | 9.2 |
Crayon integration expenses | 16.9 | 2.6 |
Other integration, M&A and earn-out expenses | 1.6 | 2.7 |
Cost reduction program | - | 19.1 |
Discontinuation of MTWO vertical | - | 0.3 |
Other non-recurring items | 0.7 | –5.1 |
Total revenue and operating expense adjustments | 18.4 | 29.7 |
Impact of adjustments on financial results | - | –6.2 |
Tax impact on adjustments | –2.2 | –3.8 |
Adjusted profit for the period | 70.6 | 29.6 |
Non-IFRS financial measures and group key performance indicators (KPIs)
The Group presents non-IFRS financial measures used by management to monitor the company’s performance, which may be helpful to external stakeholders in evaluating SoftwareOne’s financial results compared to industry peers. They include the following:
Adjusted EBITDA is defined as the underlying earnings before net financial items, tax, depreciation, and amortization, adjusted for items affecting comparability in operating expenses.
Adjusted EBITDA margin is defined as adjusted EBITDA divided by revenue.
Adjusted profit for the period is defined as the profit/(loss) for the period, adjusted for items impacting comparability in operating expenses and net finance income/(expenses) as well as the related tax impact.
Contribution margin is defined as revenue net of third-party service delivery costs and directly attributable internal delivery costs.
Gross sales is an alternative performance measure and represents the gross sales before the IFRS 15 net‑down process is applied to certain items (agent).
Growth at constant currencies is defined as the change between two periods presented on a constant currency basis for comparability purposes and to assess the Group’s underlying performance. Period profit and loss figures are translated from the subsidiaries’ respective local currencies into Swiss francs at the applicable average exchange rate of the prior-year period. This calculation is based on the underlying management accounts.
Like-for-Like combined figures are based on historical like-for-like financials as if the acquisition of Crayon had been completed on January 1, 2024
Net debt / (cash) comprises group bank overdrafts, other current and non-current financial liabilities less cash and cash equivalents and current financial assets.
Net working capital is defined as the group’s trade receivables, current other receivables, prepayments and contract assets minus trade payables, current other payables and accrued expenses and contract liabilities.
Exchange rates
The table below shows the development of the Swiss franc, SoftwareOne’s reporting currency, against major currencies. In addition, the charts provide an overview of the currency breakdowns, including currencies which had the biggest impact on revenues and operating expenses during H1 2026. Related calculations are based on underlying management accounts and may slightly differ from exchange rates shown in the interim condensed consolidated financial statements.
FX exposure
