The condensed consolidated statements of income line item “Financial and Other Income (Expense)” can be broken down


	Year Ended December 31,
	2025	2024	2023
	(in thousands)

Financial income from cash equivalents	$5,658	$10,068	$4,678
Interest and fees	(2,461)	(1,824)	(2,244)
Foreign exchange (loss) income	(2,217)	(3,534)	(7,553)
Discounting impact	—	(1,767)	(5,289)
Other financial income (expense)	(171)	152	7,918
Total financial and Other Income (Expense)	$809	$3,095	$(2,490)

The $0.8 million financial and other income for the period ended December 31, 2025 was mainly driven by interest income

offset by the recognition of a negative impact of foreign exchange, including end of year non-cash marked to market, and

the financial expenses related to our €407 million available Revolving Credit Facility ("RCF").

The $3.1 million financial and other income for the period ended December 31, 2024 was mainly driven by interest income

offset by the recognition of a negative impact of foreign exchange, including end of year non-cash marked to market, the

accretion of the earn-out liability related to the Iponweb acquisition, and the financial expense relating to our €407 million

The $(2.5) million financial and other expense for the period ended December 31, 2023 was mainly driven by proceeds

from disposal of non consolidated investments fully offset by the recognition of a negative impact of foreign exchange,

including end of year non-cash marked to market, the accretion of earn-out liability related to Iponweb acquisition and