Share-based compensation (Tables)
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12 Months Ended |
Jun. 30, 2025 |
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| Share-based compensation |
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| Summary of capital reserve related to stock options and restricted stock awards |
| | | | | | | Year ended June 30, | (in € thousands) | | 2024 | | 2025 | | | | | | Classified within capital reserve (beginning of year) | | 158,453 | | 175,591 | Expense related to: | | 17,137 | | 12,441 | Share Options (Alignment Grant) | | 13,351 | | 4,178 | Restricted Shares | | 581 | | 495 | Restricted Share Units | | 2,292 | | 4,074 | Employee Share Purchase Program | | 18 | | 21 | Share Option (SO Award) | | 896 | | 3,673 | Classified within capital reserve (end of year) | | 175,591 | | 188,032 |
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| IPO Related One-Time Award Package |
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| Share-based compensation |
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| Summary of main features of share-based compensation arrangement |
| | | | | Type of arrangement | | Alignment Award | | Restoration Award | Type of Award | | Share Options | | Phantom Shares | Date of first grant | | January 20, 2021 | | January 20, 2021 | Number granted | | 6,478,761 | | 1,875,677 | Vesting conditions | | 25% graded vesting of the granted share options in each of the next four years of service from grant date | | The restoration awards are fully vested on the Grant Date. |
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| Alignment Award |
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| Share-based compensation |
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| Summary of inputs used in the measurement of the fair values at grant date of the equity-settled share-based payment plans |
| | | | | | | | | | | Black Scholes Model - Weighted Average Values | | Tranche I | | Tranche II | | Tranche III | | Weighted average fair value | | $ | 25.42 | | $ | 22.93 | | $ | 20.68 | | Exercise price | | $ | 5.79 | | $ | 8.68 | | $ | 11.58 | | Weighted average share price | | $ | 31.00 | | $ | 31.00 | | $ | 31.00 | | Expected volatility | | | 60 | % | | 60 | % | | 60 | % | Expected life | | | 2.32 | years | | 2.32 | years | | 2.32 | years | Risk free rate | | | 0.0 | % | | 0.0 | % | | 0.0 | % | Expected dividends | | | — | | | — | | | — | |
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| Summary of number and weighted-average exercise prices of share options |
| | | | | | | Alignment award | | | | | Wtd. Average | | | Options | | Exercise Price (USD) | June 30, 2023 | | 6,197,415 | | 8.55 | Forfeited | | 134,325 | | 7.84 | Exercised | | — | | N/A | June 30, 2024 | | 6,063,090 | | 8.57 | | | | | | June 30, 2024 | | 6,063,090 | | 8.57 | Forfeited | | 215,529 | | 11.58 | Exercised | | 1,194,084 | | 5.79 | June 30, 2025 | | 4,653,477 | | 9.09 |
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| Supervisory Board Award (Restricted Shares) |
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| Share-based compensation |
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| Summary of main features of share-based compensation arrangement |
| | | | | | | | | | | | | Type of arrangement | | Supervisory Board Members plan | Type of Award | | Restricted Shares / Restricted Share Units | Date of first grant | | February 9, 2022 | | July 1, 2022 | | May 8, 2023 | | September 5, 2023 | | November 8, 2023 | | November 12, 2024 | Number granted | | 22,880 | | 11,467 | | 67,264 | | 11,478 | | 149,147 | | 85,502 | Vesting conditions | | The restricted shares vested in full on February 8, 2023. | | The restricted shares vested in full on June 30, 2023 | | The restricted shares Units vested in full on May 8, 2024 | | The restricted shares Units vested in full on September 5, 2024 | | The restricted shares Units vested in full on November 8, 2024 | | The restricted share units are scheduled to vest in full on November 12, 2025 |
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| Long-Term Incentive Plan |
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| Share-based compensation |
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| Summary of main features of share-based compensation arrangement |
| | | | | | | | | | | | | Key Management Members | Type of arrangement | | Long-Term Incentive Plan | Type of Award | | Time-vesting RSUs | Service commencement date | | July 1, 2021 | | July 1, 2022 | | July 1, 2023 | | July 1, 2024 | | Oct. 1, 2024 | Grant date | | July 1, 2021 | | July 1, 2022 | | Nov. 8, 2023 | | July 1, 2024 | | Oct. 1, 2024 | Number granted | | 62,217 | | 255,754 | | 1,696,022 | | 1,252,241 | | 102,740 | Vesting conditions | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. | | Vest in full on July 1, 2025 |
| | | | | | | | | | | | | | | Key Management Members | Type of arrangement | | Long-Term Incentive Plan | Type of Award | | Non-market performance RSUs | | Stock options | Service commencement date | | July 1, 2021 | | July 1, 2022 | | July 1, 2023 | | July 1, 2024 | | July 1, 2023 | | July 1, 2024 | Grant date | | July 1, 2021 | | July 1, 2022 | | Nov. 8, 2023 | | July 1, 2024 | | Various dates1 | | July 1, 2024 | Number granted | | 108,947 | | 418,352 | | 1,417,103 | | 1,043,193 | | 3,605,301 | | 3,277,477 | Vesting conditions | | 3 year’s services from grant date and achievement of a certain level of cumulative gross profit. | | 3 year’s services from grant date and achievement of a certain level of cumulative gross profit. | | 3 year’s services from service commencement date and achievement of a certain level of cumulative GMV growth and Adjusted EBITDA margin. | | 3 year’s services from service commencement date and achievement of a certain level of cumulative GMV growth and Adjusted EBITDA margin. | | Graded vesting of 1/3 of the granted share options in each of the next three years of service from service commencement date. | | Graded vesting of 1/3 of the granted share options in each of the next three years of service from service commencement date. |
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| Summary of inputs used in the measurement of the fair values at grant date of the equity-settled share-based payment plans |
| | | | | | | | | | | | | Grant date | | Grant date | | Grant date | | Black Scholes Model - Weighted Average Values | | November 8, 2023 | | December 15, 2023 | | July 1, 2024 | | Weighted average fair value | | $ | 0.64 | | $ | 0.65 | | $ | 1.82 | | Exercise price | | $ | 4.00 | | $ | 4.00 | | $ | 5.07 | | Weighted average share price | | $ | 3.41 | | $ | 3.55 | | $ | 5.07 | | Expected volatility | | | 45.83 | % | | 45.32 | % | | 64.47 | % | Expected life | | | 1.65 | years | | 1.55 | years | | 1.97 | years | Risk free rate | | | 3.00 | % | | 2.37 | % | | 2.88 | % | Expected dividends | | | — | | | — | | | — | |
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| Summary of number and weighted-average exercise prices of share options |
| | | | | | | Share Options under the Long-Term | | | Incentive Plan | | | | | Wtd. Average | | | Options | | Exercise Price (USD) | June 30, 2023 | | — | | — | Forfeited | | 296,235 | | 4.00 | Granted | | 3,605,301 | | 4.00 | June 30, 2024 | | 3,309,066 | | 4.00 | | | | | | June 30, 2024 | | 3,309,066 | | 4.00 | Forfeited | | 12,997 | | 4.53 | Granted | | 3,277,477 | | 5.07 | Exercised | | 195,297 | | 4.00 | June 30, 2025 | | 6,378,249 | | 4.55 |
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