Debt & Cash

GROUP CASH

CHF 8.5M

+CHF 125K+1.5% vs prior month
+CHF 1.4M YoY vs same period last year

CASH CONVERSION

78%

+CHF 7Moperating cash (OCF − Capex)

NET DEBT / LTM EBITDA

1.8x

CHF 19.9Mnet debt · Net Debt / LTM EBITDA

1.2x headroom to 3.0x covenant

Cash-Flow Bridge · Sep 25 – Aug 26

Adj. EBITDA to closing cash; financing line is the reconciling movement

Opening Cash
CHF 7.1M
Adj. EBITDA
+CHF 11M
Δ Working Capital
-CHF 1.3M
Δ Deferred Revenue
+CHF 3M
Cash Tax
-CHF 1.9M
Capex
-CHF 1.6M
Cash Interest
-CHF 332K
Financing & Debt Movement
-CHF 7.4M
Closing Cash
CHF 8.5M

Deltas step down from the running total; the vertical rule marks zero

Cash-Flow by Entity

Sep 25 – Aug 26 · CHF · converted from GBP, EUR

TrekkSoft AG3M4.2M-530.9K1.4M-729.2K-674.9K-135.5K-3.1M430.4K3.4M
DigiTickets Ltd1.8M2.8M-227K579.6K-482.1K-421K-91K-1.8M307.4K2.1M
SPOT Agency AG0347.5K-186.6K164.7K-62.6K-34.3K0-28.7K200K200K
Waldhart Software GmbH670.2K1.2M-42.7K85.4K-221K-128.1K0-791.5K129.8K800K
Giant Monkey GmbH486.8K727.2K-60.4K139.3K-130.9K-107K0-455.1K113.2K600K
Ticketcounter B.V.639.6K1.1M-208K520.1K-184.7K-150.4K-71.7K-892.7K110.4K750K
EPOS Systems Ltd294.6K343.5K-58.5K30.5K-55.8K-68.1K-33.7K-102.5K55.4K350K
Land in Sicht GmbH253.4K348.3K-11.5K19.1K-62.7K-65K0-181.7K46.6K300K

Deferred Revenue

As of 2026-08 · standalone basis (pre-consolidation)

LATEST BALANCE

CHF 16.5M

-CHF 43.3K vs prior month

6-MONTH TREND

CHF 14.7M → CHF 16.5M

Mar · CHF 14.7MAug · CHF 16.5M

Deferred revenue is billed income not yet earned. Balances are shown on a standalone basis, before intercompany eliminations.

Currency Split

CHF 42%

CHF 42% · GBP 29% · EUR 29%by CHF equiv.
CHFGBPEUR

Group Cash Trend

Monthly · CHF

Leverage vs Covenant

Net Debt / LTM EBITDA · monthly

Within covenant

Interest Coverage

LTM EBITDA / interest · monthly

10.5x

latest

Senior/acquisition debt (CHF 20.3M) is held at HoldCo; operating entities carry only vendor loans + small working-capital lines, so per-entity leverage is not meaningful. HoldCo senior + entity debt = group gross CHF 28.4M; group net debt CHF 19.9M = 1.8x LTM EBITDA (covenant basis, shown above).

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Data freshnessAll synced

06:00 GMT

Last sync · 8/8 entities reporting

Consolidated Reporting by PMI Stack