Topicus.com Inc.Condensed Consolidated Interim Statements of Cash Flows(In thousands of euros, except per share amounts. Due to rounding, numbers presented may not foot.)         Unaudited            Three months ended June 30, Six months ended June 30,    2026 2025 2026 2025           Cash flows from (used in) operating activities:         Net income (loss) 47,326  41,484  102,389  111,612  Adjustments for:          Depreciation 11,717  9,977  23,373  19,353   Amortization of intangible assets 46,238  39,294  90,659  76,146   Impairment of intangible and other non-financial assets 25  –  25  –   Bargain purchase (gain) –  (154) –  (154)  Finance and other expenses (income) (1,895) (9,234) 698  (14,476)  Share in net (income) loss of equity investee (10,116) (5) (19,212) (20)  (Increase) decrease in the fair value of equity securities –  –  –  (32,789)  Finance costs 9,109  6,575  18,917  12,764   Income tax expense (recovery) 12,718  10,202  22,051  20,079  Change in non-cash operating assets and liabilities          exclusive of effects of business combinations (102,723) (97,574) 71,292  92,959  Transaction costs associated with equity securities classified as FVOCI –  (0) –  (1,659) Income taxes (paid) received (25,077) (15,508) (42,378) (27,311) Net cash flows from (used in) operating activities (12,676) (14,944) 267,814  256,503            Cash flows from (used in) financing activities:         Interest paid on lease obligations (857) (719) (1,729) (1,381) Interest paid on other facilities (10,264) (4,307) (14,000) (9,015) Net increase (decrease) in Topicus Revolving Credit Facility 20,000  (115,000) (225,000) (85,000) Proceeds from issuance of Loan –  200,000  –  200,000  Proceeds from issuance of term and other loans –  95,400  7,500  113,410  Increase (decrease) in bank indebtedness (9,599) –  (3,936) –  Repayments of term and other loans (2,866) (3,526) (10,295) (14,111) Credit facility transaction costs –  (3,187) (312) (3,278) Payments of lease obligations (8,680) (7,177) (17,054) (14,005) Dividends paid to non-controlling interests (1,447) (1,595) (4,898) (1,632) Net cash flows from (used in) in financing activities (13,713) 159,890  (269,723) 184,988            Cash flows from (used in) investing activities:         Acquisition of businesses (31,223) (210,244) (46,251) (249,657) Cash obtained with acquired businesses 5,386  20,804  8,322  28,738  Post-acquisition settlement payments, net of receipts (10,539) (2,935) (16,352) (9,233) Purchases of other investments (271) –  (271) –  Purchase of equity securities of Asseco Poland S.A. –  –  –  (167,977) (Increase) decrease in restricted cash (196) 343  (1,539) (82) Interest, dividends and other proceeds received, net of income taxes paid 59,222  8,302  59,794  8,557  Property and equipment purchased (3,104) (3,768) (6,340) (6,666) Net cash flows from (used in) investing activities 19,276  (187,499) (2,637) (396,321)           Effect of foreign currency on         cash and cash equivalents (792) (4,500) 1,128  (2,072)           Increase (decrease) in cash (7,905) (47,053) (3,418) 43,097            Cash, beginning of period 331,173  296,307  326,686  206,157            Cash, end of period 323,269  249,254  323,269  249,254