Annual financial statements 2023/2024: tick Trading Software AG confirms preliminary figures

• Net profit of EUR 1,256 thousand significantly above forecast
• Dividend proposal of € 0.50 per share
• Annual General Meeting planned for April 2025

Düsseldorf December 12, 2024 - tick Trading Software AG (WKN: A35JS9 / ISIN: DE000A35JS99) confirms the preliminary figures for the financial year 2023/2024 already published on 15 November 2024. The Supervisory Board has today approved the audited annual financial statements. Accordingly, the company closed the financial year ended 30 September 2024 with a net profit of EUR 1,256 thousand. This corresponds to a significant increase of 42% compared to the previous year's figure of EUR 886 thousand. The result is therefore also well above the forecast (EUR 0.7 to 1.0 million).

"Thanks to the significant increase in trading activities, our company performed better than originally planned," explains Carsten Schölzki, CEO of tick Trading Software AG (tick-TS). While revenues from the license and operating business remained almost constant, the higher revenues from load-based remuneration (+28%) not only compensated for the approximately 1/3 lower project revenues, but also led to the higher annual result. In total, sales revenue totaled EUR 8,374 thousand; this corresponds to an increase of 4.7% compared to the same period of the previous year (EUR 8,001 thousand).

Earnings before taxes (EBT) increased by EUR 550 thousand to EUR 1,776 thousand (same period in the previous year: EUR 1,304 thousand). After deducting corporation tax, trade tax, solidarity surcharge and other taxes, this resulted in net income for the 2023/2024 financial year of EUR 1,256 thousand (prior-year period: EUR 886 thousand). The net profit for the year was therefore significantly higher than the forecast of EUR 0.7 to 1.0 million, primarily due to the unusually strong trading activities at the end of the financial year.

Equity totaled EUR 3,491 thousand as at the balance sheet date (previous year: EUR 3,140 thousand). The equity ratio increased to 78.8% (previous year: 78.1%). Cash and cash equivalents increased by EUR 506 thousand. Cash flow from operating activities totaled EUR 1,397 thousand after EUR -820 thousand in the same period of the previous year. The increase is mainly due to the annual result in connection with the increase in assets and the decrease in provisions. The cash flows from investing activities (EUR 15 thousand) and financing activities (EUR -906 thousand) result from income and expenses for fixed assets and interest income as well as from the dividend paid out in 2024. Overall, the tick-TS Executive Board summarizes: "The liquidity and financial position of tick-TS remains very good."

Appropriation of profits and Annual General Meeting In order to strengthen the equity base in the long term, the Executive Board transferred an amount of EUR 250 thousand (19.9% of the annual result) to other revenue reserves in accordance with the Articles of Association when preparing the annual financial statements. The supervisory board approved this in its meeting today.

Overall, this results in retained earnings of EUR 1,027 thousand (previous year: EUR 926 thousand). The Management Board and Supervisory Board will propose a dividend of EUR 0.50 per share for approval at the Annual General Meeting. "We are delighted to be able to increase our dividend by over 10% again. The distribution guarantees our shareholders a dividend yield at an above-average level again this year," says Carsten Schölzki.

The Executive Board is confident about the coming financial year: "Based on this years’ experience, we expect revenue from trading activities in 2025 to be at the level of the second half of 2023/2024. According to our planning, cuts in license revenue and expected expenses from the DORA regulation will prevent a better result." Assuming a stable regulatory and political environment and the continuation of average trading activity on the stock exchanges, the Executive Board plans to generate net income of EUR 0.8 to 1.2 million in the 2024/2025 financial year.

The 2025 Annual General Meeting of tick-TS AG is scheduled to take place at the beginning of April 2025. The full annual report for the 2023/2024 financial year will be published on the tick-TS AG website at the end of February 2025.

About tick Trading Software AG

With the TradeBase Multi Exchange Platform (TBMX), tick-TS AG has successfully provided its professional customers with one of the world's most advanced and reliable trading platforms for more than 20 years. The product portfolio includes direct connections to national and international marketplaces and brokers, market making tools for designated sponsoring, its own hosting and housing infrastructure, and the e-Trading Compliance Monitor (ECM) for compliance with ESMA regulations.

tick-TS AG has been listed on the primary market (open market) of the Düsseldorf Stock Exchange since 2017 (ISIN: DE000A35JS99, symbol: TBX0) and is available on many other trading venues. A special feature is the payment of the entire distributable net profit as a dividend to investors, as stipulated in the company's Articles of Association.