Scope

Budget vs Actual vs Forecast · FY26

SPOT Agency AG · YTD through Aug 2026 · forecast = YTD actual + remaining budget × 1.01


Revenue	CHF 864.8K	CHF 873.4K	+CHF 8.6K· +1.0%	CHF 1.3M	CHF 1.3M	+CHF 13K· +1.0%
Growth %	n/a	n/a	n/a	225.0%	228.3%	+3.2pp
COGS	CHF 345.9K	CHF 348.3K	At risk+CHF 2.4K· +0.7%	CHF 520K	CHF 524.1K	At risk+CHF 4.1K· +0.8%
S&M	CHF 173K	CHF 173.6K	+CHF 633· +0.4%	CHF 260K	CHF 261.5K	At risk+CHF 1.5K· +0.6%
R&D	CHF 121.1K	CHF 121.8K	At risk+CHF 689· +0.6%	CHF 182K	CHF 183.3K	At risk+CHF 1.3K· +0.7%
G&A	CHF 129.7K	CHF 130.1K	+CHF 374· +0.3%	CHF 195K	CHF 196K	At risk+CHF 1K· +0.5%
OpEx (total)	CHF 423.7K	CHF 425.4K	+CHF 1.7K· +0.4%	CHF 637K	CHF 640.8K	At risk+CHF 3.8K· +0.6%
EBITDA	CHF 95.1K	CHF 99.7K	+CHF 4.6K· +4.8%	CHF 143K	CHF 148.1K	+CHF 5.1K· +3.5%
EBITDA %	11.0%	11.4%	+0.4pp	11.0%	11.3%	+0.3pp

SPOT Agency AG

CHCHFAcquired Sept 2025Closed Sept 2025CHF

in progressActive

EVCHF 1.1M

Multiple paid5x

Earn-outCHF 400K

CHF 0.4m payable if FY2026 revenue ≥ CHF 1.4m

Exit multiple assumption8.5x

MULTIPLE JOURNEY

5.0xAcquired

8.5xGroup multiple

Y1 vs Underwriting

Ahead of plan

Y1 Revenue

CHF 1.3M

+4.2% vs plan CHF 1.2M

Y1 EBITDA

CHF 347.5K

+16.3% vs plan CHF 298.9K

IC Memo Summary

SPOT Agency AG acquired 2025-09 at 5x TTM EBITDA (EV CHF 1.1M). Y1 actual revenue CHF 1.27M (104% of underwriting CHF 1.22M). Integration status: in-progress.

FLAGGED

Integration gates open: Day 365 pending.

Underwritten vs Actual

Revenue · plan is dashed

ActualUnderwriting planY1 actual CHF 1.3M = 104% of plan

Year	Actual	Plan	Variance
Y1	CHF 1.3M	CHF 1.2M	CHF 50.9K
Y2	Not reported	CHF 1.4M	—

Synergy Tracker

1 synergy · 40% realised

CHF 10,000

of CHF 25,000 target

Description	Owner	Target	Delivered	Status	Due
	Nadine Keller (Group Finance)	CHF 25,000	CHF 10,00040%	In Progress	Dec 2026

Total synergy target: CHF 25,00040% realised to date

Cohort Comparison

This acquisition vs portfolio

	This acquisition	Portfolio average	Best sister
Y1 Revenue vs Plan	CHF 1.3M	CHF 2.2M	CHF 3.6M
Y1 EBITDA Margin	27.3%	22.4%	28.1%
Synergy Realisation	40%	86%	117%

Comparison includes 6 acquisitions with Y1 actuals reported

FINANCIAL SNAPSHOT (TTM)

TTM REVENUE

CHF 1.3M

ADJUSTED EBITDA

CHF 347.5K

EBITDA MARGIN

27.3%

CASH BALANCE

CHF 200K

HEADCOUNT

CUSTOMERS

Integration Gates

3 of 4

Day 1Complete
Day 30Complete
Day 100Complete
Day 365Not Started

TSA EXIT TRACKER

In Progress

1 TSA remaining

Data Connections

1 of 1 synced

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4 hours ago

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OPERATING PERFORMANCE

Operating Metrics

Software

Net Revenue Retention

103.3%

Sept 25 – Sept 26

ARR Growth

20.0%

Sept 25 – Sept 26

R&D Share of Revenue

13.9%

Sept 25 – Sept 26

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Data freshnessAll synced

06:00 GMT

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