Derivation of gross profit and gross margin
| Second quarter | Six months | Full year | |||
|---|---|---|---|---|---|
| Amounts in € million | Oct-Dec 2025 | Oct-Dec 2024 | Jul-Dec 2025 | Jul-Dec 2024 | Jul 2024 - Jun 2025 |
| Net sales | 28.2 | 129.0 | 35.5 | 204.7 | 371.9 |
| Purchase of cryptocurrency and other fees | -27.8 | -125.2 | -35.1 | -198.6 | -361.9 |
| Gross profit | 0.4 | 3.8 | 0.4 | 6.1 | 10.0 |
| Gross margin (%) | 1.4% | 2.9% | 1.1% | 3.0% | 2.7% |
Derivation of EBITDA and adjusted EBITDA
| Second quarter | Six months | Full year | |||
|---|---|---|---|---|---|
| Amounts in € million | Oct-Dec 2025 | Oct-Dec 2024 | Jul-Dec 2025 | Jul-Dec 2024 | Jul 2024 - Jun 2025 |
| Operating profit (EBIT) | -2.9 | 1.2 | -5.4 | 1.2 | -0.5 |
| Depreciation and amortisation of property, plant and equipment and intangible assets | -1.0 | -0.3 | -1.5 | -0.6 | -1.8 |
| EBITDA | -1.9 | 1.5 | -3.9 | 1.8 | 1.3 |
| Exchange rate differences | 0.1 | -0.2 | 0.1 | -0.3 | -0.1 |
| Impairment of receivables | |||||
| Share-based incentive programmes | - | - | - | - | - |
| Other items affecting comparability | - | - | - | - | - |
| Items affecting comparability | 0.1 | -0.2 | 0.1 | -0.3 | -0.1 |
| Adjusted EBITDA | -1.8 | 1.3 | -3.8 | 1.5 | 1.2 |
| Adjusted EBITDA margin (%) | -6.5% | 1.0% | -10.7% | 0.7% | 0.3% |