DEALTIE / FINANCIAL EVIDENCE RECONCILIATION

Financial evidence review

SYNTHETIC EXAMPLE · FY2025 / LTM JUN-26 · COMPARISON TOLERANCE: 0.01

Review boundary. These figures are synthetic and demonstrate the report format only. Review priority is a workflow order, not a financial materiality or risk score. A mismatch is an investigation lead, not proof of an error, misstatement, financial loss or recoverable amount. This report is not an audit opinion, QoE conclusion, valuation opinion, legal opinion or transaction recommendation.

4Metrics reviewed

1Tied

2Value mismatches

1Unit mismatch

Revenue

FY2025

P1 · Resolve comparisonValue mismatch

Observed spread: 1.5 USD m. The figures require reviewer investigation; no source is assumed authoritative.

Source document	Reported value	Unit	Source reference
CIM v2	128.4	USD m	PDF p.18
QoE final	126.9	USD m	PDF p.11
Valuation Model	128.4	USD m	Operating Model!F22

Adjusted EBITDA

FY2025

Value mismatch

Observed spread: 0.8 USD m. The figures require reviewer investigation; no accounting adjustment is inferred.

Source document	Reported value	Unit	Source reference
CIM v2	21.6	USD m	PDF p.21
QoE final	20.8	USD m	PDF p.26
Valuation Model	20.8	USD m	Summary!G14

Net Debt

LTM Jun-26

P1 · Resolve comparisonUnit mismatch

Sources use different units; no currency conversion was attempted. The period and unit convention need reviewer confirmation.

Source document	Reported value	Unit	Source reference
CIM v2	34.2	USD m	PDF p.39
Valuation Model	34.2	EUR m	Bridge!D31

Gross Margin

FY2025

P4 · No exceptionTied

All supplied values agree within the configured tolerance (0.01).

Source document	Reported value	Unit	Source reference
CIM v2	38.2	%	PDF p.20
QoE final	38.2	%	PDF p.15
Valuation Model	38.2	%	Summary!F31