Share-based compensation (Tables)
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6 Months Ended |
Dec. 31, 2025 |
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| Share-based compensation |
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| Summary of capital reserve related to stock options and restricted stock awards |
| | | | | | | Six Months Ended | | | December 31, | (in € thousands) | | 2024 | | 2025 | Classified within capital reserve (beginning of period) | | 175,591 | | 188,031 | Expense related to: | | 9,576 | | 7,004 | Share Options (Alignment Grant) | | 3,787 | | — | Share Options (LTI) | | 1,805 | | 2,200 | Restricted Share Units (Supervisory Board Members Plan) | | 181 | | 210 | Restricted Share Units (LTI) | | 3,803 | | 4,594 | Classified within capital reserve (end of period) | | 185,167 | | 195,035 |
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| Alignment Award |
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| Share-based compensation |
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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, 2024 | | 6,063,090 | | 8.57 | forfeited | | (21,165) | | 11.58 | granted | | — | | N/A | December 31, 2024 | | 6,041,925 | | 8.56 | | | | | | June 30, 2025 | | 4,653,477 | | 9.09 | exercised | | (35,634) | | 6.84 | forfeited | | — | | N/A | granted | | — | | N/A | December 31, 2025 | | 4,617,843 | | 9.11 |
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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 | | Restricted Shares / Restricted Share Units | Date of grant | | November 12, 2024 | | December 17, 2025 | Number granted | | 85,502 | | 94,006 | Vesting conditions | | The restricted share units vested in full on November 12, 2025 | | The restricted share units will vest in full on December 17, 2026. |
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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, 2024 | | Oct. 1, 2024 | | July 1, 2025 | | September 1, 2025 | | October 1, 2025 | Grant date | | July 1, 2024 | | Oct. 1, 2024 | | July 1, 2025 | | September 1, 2025 | | October 1, 2025 | Number granted | | 1,252,241 | | 102,740 | | 1,313,946 | | 3,449 | | 3,730 | Vesting conditions | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. | | Vested in full on July 1, 2025. | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. | | Will vest in full on July 1, 2026. | | Graded vesting of 1/3 of the time vesting RSUs over the next three years. |
| | | | | | | | | Key Management Members | Type of arrangement | | Long-Term Incentive Plan | Type of Award | | Stock options | Service commencement date | | July 1, 2024 | | July 1, 2025 | | July 1, 2025 | Grant date | | July 1, 2024 | | July 1, 2025 | | October 1, 2025 | Number granted | | 3,277,477 | | 2,087,724 | | 6,465 | Vesting conditions | | 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. | | Graded vesting of 1/3 of the granted share options in each of the next three years of service from service commencement date. |
| | | | | | | | | Key Management Members | Type of arrangement | | Long-Term Incentive Plan | Type of Award | | Non-market performance RSUs | Service commencement date | | July 1, 2024 | | July 1, 2025 | | July 1, 2025 | Grant date | | July 1, 2024 | | July 1, 2025 | | October 1, 2025 | Number granted | | 1,043,193 | | 1,106,332 | | 3,178 | Vesting conditions | | 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. | | 3 year’s services from service commencement date and achievement of a certain level of cumulative GMV growth and adjusted EBITDA margin. |
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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 | | July 1, 2024 | | July 1, 2025 | | October 1, 2025 | | Weighted average fair value | | $ | 1.82 | | $ | 2.82 | | $ | 2.84 | | Exercise price | | $ | 5.07 | | $ | 7.89 | | $ | 7.97 | | Weighted average share price | | $ | 5.07 | | $ | 7.89 | | $ | 7.97 | | Expected volatility | | | 64.47 | % | | 65.43 | % | | 64.69 | % | Expected life | | | 1.97 | years | | 1.97 | years | | 1.97 | years | Risk free rate | | | 2.88 | % | | 1.82 | % | | 1.97 | % | 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, 2024 | | 3,309,066 | | 4.00 | forfeited | | (6,508) | | 4.00 | granted | | 3,277,477 | | 5.07 | December 31, 2024 | | 6,580,035 | | 4.53 | | | | | | June 30, 2025 | | 6,378,249 | | 4.55 | exercised | | (833,284) | | 4.08 | forfeited | | (56,280) | | 7.52 | granted | | 2,094,189 | | 7.88 | December 31, 2025 | | 7,582,874 | | 5.49 |
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