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Registered number: 09206065 CONSTELLATION SOFTWARE UK HOLDCO LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CONSTELLATION SOFTWARE UK HOLDCO LTD COMPANY INFORMATION
Directors | D Boxall (resigned 15 July 2025)
| C Marks
| S McNally (resigned 13 November 2025)
| D Baum
| A Lau (resigned 17 November 2025)
| J Evans
| R Clancy (appointed 16 December 2025)
| M Francis (appointed 18 November 2025)
| K Morgan (appointed 16 December 2025)
Registered number | 09206065
Registered office | Brook Suite, Ground Floor
| Bewley House
| Marshfield Road
| Chippenham
| SN15 1JW
Independent auditors | James Cowper Kreston Audit
| Chartered Accountants and Statutory Auditor
| 2 Communications Road
| Greenham Business Park
| Newbury
| Berkshire
| RG19 6AB
CONSTELLATION SOFTWARE UK HOLDCO LTD CONTENTS
| Page
Strategic report | 1 - 2
Directors' report | 3 - 4
Independent auditors' report | 5 - 7
Statement of comprehensive income | 8
Balance sheet | 9
Statement of changes in equity | 10
Notes to the financial statements | 11 - 39
CONSTELLATION SOFTWARE UK HOLDCO LTD STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Principal activities
The principal activity of the company during the period was that of a holding company.
Business review
The company acts as a holding company and therefore has only intercompany dividends relating to investments and interest charged on intercompany balances. During the year the company had additions to investments of £113,909,446 (2024: £49,980,865), principally from the injection of capital into subsidiaries to fund further acquisitions by those subsidiaries. The directors are of the opinion that risks for the company are low and manageable. The company has a diversified portfolio of investments associated with a range of sister companies; and each sister company has a diversified pool of clients and products; such that no single customer or product or investment will have a disproportionate impact on results.
Financial risk management objectives and policies
The company makes little use of financial instruments other than an operational bank account and fixed rate intercompany borrowings and so its exposure to price risk, credit risk, liquidity risk and cash flow risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company.
Financial key performance indicators
The company does not monitor key performance indicators at group level, all subsidiaries of the group will review their key performance indicators on an individual company basis.
Section 172 statement
The directors of Constellation Software UK Holdco Ltd (the "Company") are aware of their duty under section 172 of the Companies Act 2006 to act in a way that they consider, in good faith, would most likely promote the success of the Company for the benefit of its members as a whole. In carrying out this duty, the directors have had regard to the matters set out in section 172(1)(a) to (f), including the likely long-term consequences of their decisions, the interests of employees, relationships with stakeholders, and the impact of the Company’s activities on the environment and community. The Company is a holding company and forms part of a wider group of companies. Its principal activity is to hold investments in subsidiary undertakings and associated entities within the group. As such, the Company’s success is closely tied to the performance and governance of those entities. The directors also consider the views of the Company’s ultimate shareholders when assessing strategic initiatives and capital structure, and they take into account the interests of the group’s employees and other stakeholders to the extent relevant to the Company’s investment role. Given the Company’s nature and structure, direct engagement with external stakeholders is limited, but the directors remain mindful of the reputational, regulatory, and environmental impact of group decisions and ensure that these factors are considered as part of their group-level discussions. The directors are satisfied that they have acted in a manner consistent with their duties under section 172 and that their decisions during the year have supported the Company’s purpose as a holding company and its contribution to the overall success of the group. Page 1
CONSTELLATION SOFTWARE UK HOLDCO LTD STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 This report was approved by the board and signed on its behalf.
C Marks Director
Date: 18 August 2026
Page 2
CONSTELLATION SOFTWARE UK HOLDCO LTD DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors present their report and the financial statements for the year ended 31 December 2025.
Directors
The directors who served during the year were:
D Boxall (resigned 15 July 2025)
C Marks
S McNally (resigned 13 November 2025)
D Baum
A Lau (resigned 17 November 2025)
J Evans
R Clancy (appointed 16 December 2025)
M Francis (appointed 18 November 2025)
K Morgan (appointed 16 December 2025)
Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The profit for the year, after taxation, amounted to £67,140,183 (2024 - £15,367,796). An intercompany dividend of £72,000,000 (2024: £11,000,000) was paid during the year.
Future developments
Constellation Software UK Holdco Ltd continues to look for acquisition opportunities in line with its investment strategy being the acquisition and development of businesses. Page 3
CONSTELLATION SOFTWARE UK HOLDCO LTD DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Greenhouse gas emissions, energy consumption and energy efficiency action
The Company has not disclosed information in respect of greenhouse gas emissions, energy consumption and energy efficiency action as its energy consumption in the United Kingdom for the year is 40,000kWh or lower.
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
C Marks Director
Date: 18 August 2026
Page 4
CONSTELLATION SOFTWARE UK HOLDCO LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSTELLATION SOFTWARE UK HOLDCO LTD
Opinion
We have audited the financial statements of Constellation Software UK Holdco Ltd (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 5
CONSTELLATION SOFTWARE UK HOLDCO LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSTELLATION SOFTWARE UK HOLDCO LTD (CONTINUED)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 6
CONSTELLATION SOFTWARE UK HOLDCO LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSTELLATION SOFTWARE UK HOLDCO LTD (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows: ∙Enquiry of management and those charged with governance around actual and potential litigation and claims; ∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations; ∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; ∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Jonathan Baillie BA ACA FCCA (Senior Statutory Auditor) for and on behalf of James Cowper Kreston Audit Chartered Accountants and Statutory Auditor 2 Communications Road Greenham Business Park Newbury Berkshire RG19 6AB 18 August 2026 Page 7
CONSTELLATION SOFTWARE UK HOLDCO LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Administrative expenses |  | (3,032,667) | 862,344
Other operating income |  | - | 1,247,950
Operating (loss)/profit | 4 | (3,032,667) | 2,110,294
Income from fixed assets investments |  | 89,070,802 | 29,817,146
Interest receivable and similar income | 8 | 698,922 | 638,521
Interest payable and similar expenses | 9 | (20,004,643) | (16,982,579)
Profit before tax |  | 66,732,414 | 15,583,382
Tax on profit | 10 | 407,769 | (215,586)
Profit for the financial year |  | 67,140,183 | 15,367,796
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 11 to 39 form part of these financial statements.
Page 8
CONSTELLATION SOFTWARE UK HOLDCO LTD REGISTERED NUMBER: 09206065 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 20 |  | 506,805,657 |  | 394,674,425
|  |  | 506,805,657 |  | 394,674,425
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 12 | 77,772,702 |  | - |
Debtors: amounts falling due within one year | 12 | 54,835,368 |  | 83,510,619 |
Cash at bank and in hand | 13 | 74,284,812 |  | 47,996,210 |
|  | 206,892,882 |  | 131,506,829 |
Creditors: amounts falling due within one year | 14 | (321,216,848) |  | (185,843,054) |
Net current liabilities |  |  | (114,323,966) |  | (54,336,225)
Total assets less current liabilities |  |  | 392,481,691 |  | 340,338,200
Creditors: amounts falling due after more than one year | 15 |  | (349,204,074) |  | (292,200,766)
|  |  | 43,277,617 |  | 48,137,434
Net assets |  |  | 43,277,617 |  | 48,137,434
Capital and reserves |  |  |  |  |
Called up share capital | 16 |  | 36,758,968 |  | 36,758,968
Capital redemption reserve | 17 |  | 1,968,811 |  | 1,968,811
Other reserves | 17 |  | 1,581,520 |  | 1,581,520
Profit and loss account | 17 |  | 2,968,318 |  | 7,828,135
|  |  | 43,277,617 |  | 48,137,434
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
C Marks
Director
Date: 18 August 2026
The notes on pages 11 to 39 form part of these financial statements. Page 9
CONSTELLATION SOFTWARE UK HOLDCO LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Capital redemption reserve | Capital contribution | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 January 2025 | 36,758,968 | 1,968,811 | 1,581,520 | 7,828,135 | 48,137,434
Profit for the year | - | - | - | 67,140,183 | 67,140,183
Dividends: Equity capital | - | - | - | (72,000,000) | (72,000,000)
At 31 December 2025 | 36,758,968 | 1,968,811 | 1,581,520 | 2,968,318 | 43,277,617
| The notes on pages 11 to 39 form part of these financial statements.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Capital redemption reserve | Capital contribution | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 January 2024 | 36,758,968 | 1,968,811 | 1,581,520 | 3,460,339 | 43,769,638
Profit for the year | - | - | - | 15,367,796 | 15,367,796
Dividends: Equity capital | - | - | - | (11,000,000) | (11,000,000)
At 31 December 2024 | 36,758,968 | 1,968,811 | 1,581,520 | 7,828,135 | 48,137,434
| The notes on pages 11 to 39 form part of these financial statements.
Page 10
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Constellation Software UK Holdco Limited is a private company limited by shares and incorporated in England and Wales. Its registered head office is Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, SN15 1JW. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006. The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 101 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions under FRS 101: ∙the requirements of IFRS 7 Financial Instruments: Disclosures ∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement ∙the requirements of IAS 7 Statement of Cash Flows ∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures ∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member This information is included in the consolidated financial statements of Constellation Software Inc as at 31 December 2025 and these financial statements may be obtained from https://www.csisoftware .com/.
| 2.3 | Exemption from preparing consolidated financial statements
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.
| 2.4 | Going concern
The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. The directors have reviewed the working capital requirements of the Company for a period of at least 12 months from the anticipated date of signing the financial statements and are satisfied that the company will be able to meet its liabilities as they fall due. Furthermore, the directors have obtained confirmation of ongoing support from its ultimate parent company which will extend for a period of at least 12 months from the anticipated date of signing the financial statements. Page 11
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 12
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in profit or loss, when, and if, better information is obtained. Fixed asset investment impairment Management apply judgement in their assessment of asset impairment. At each reporting date, assets such as fixed asset investments in subsidiaries are evaluated for evidence of impairment and written down where necessary. When assessing impairment of investments, management review if the carrying amount is in excess of the recoverable amount. This involves asssessing the higher of the fair value less costs to sell of the subsidiaries and the value in use.
4. | Operating (loss)/profit
| The operating (loss)/profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Exchange differences | 2,899,717 | (972,371)
Page 13
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors and their associates:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements | 19,500 | 18,900
| Fees payable to the Company's auditors and their associates in respect of: |  |
| Taxation compliance services | 2,000 | 1,900
| All other services | 25,800 | 3,000
6. | Employees
The Company has no employees other than the Directors, who did not receive any remuneration (2024 - £nil)
7. | Income from investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Dividends from subsidiaries | 89,070,802 | 29,817,146
8. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest receivable from group companies | 698,922 | 638,521
9. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest payable on loans from group undertakings | 20,004,643 | 16,982,579
|  | 20,004,643 | 16,982,579
Page 14
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax on profits for the year | (407,769) | 215,586
|  | (407,769) | 215,586
| Factors affecting tax charge for the year
| The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 66,732,414 | 15,583,382
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 16,683,104 | 3,895,846
| Effects of: |  |
| Non-taxable income | (17,090,873) | (3,680,260)
| Total tax charge for the year | (407,769) | 215,586
| Factors that may affect future tax charges
Constellation Software UK Holdco Ltd is within the scope of the OECD Pillar Two model rules. Pillar Two legislation has been enacted in the UK, the jurisdiction in which the entity is incorporated, and is effective in 2025. Under the legislation, the group of which the Company is a member is liable to pay a top-up tax in the UK for the difference between the GloBE effective tax rate for each jurisdiction and the 15% minimum rate. In addition, top-up taxes are payable locally where qualifying domestic minimum top-up taxes have been legislated and are in effect. The Company applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May 2023.
11. | Dividends paid
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Intercompany dividends | 72,000,000 | 11,000,000
|  | 72,000,000 | 11,000,000
Page 15
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | 77,772,702 | -
|  | 77,772,702 | -
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Amounts owed by group undertakings | 54,111,959 | 83,510,619
| Tax recoverable | 723,409 | -
|  | 54,835,368 | 83,510,619
13. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 74,284,812 | 47,996,210
|  | 74,284,812 | 47,996,210
14. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,600 | -
| Amounts owed to group undertakings | 321,188,648 | 185,667,809
| Corporation tax | - | 151,445
| Accruals and deferred income | 24,600 | 23,800
|  | 321,216,848 | 185,843,054
Page 16
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
15. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 349,204,074 | 292,200,766
|  | 349,204,074 | 292,200,766
| Included in the above is long term loans with group undertakings which have maturity dates from 3 February 2027 to 14 December 2032. The interest rates on these range from 3.5% to 9%. Included in the above is £127,995,000 (2024: £85,574,020) for amounts payable later than 5 years.
16. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 35,252,756 (2024 - 35,252,756) Ordinary shares of £1.00 each | 35,252,756 | 35,252,756
|  | 1,506,212 (2024 - 1,506,212) A Ordinary shares of £1.00 each | 1,506,212 | 1,506,212
|  |  | 36,758,968 | 36,758,968
17. | Reserves
Capital redemption reserve Includes all current and prior period contributions to the equity capital of a company that were not made in exchange for shares. Capital contribution reserve Includes capital contributions received in prior periods. Profit and loss account Includes all current and prior period retained profit and losses.
18. | Related party transactions
| As permitted by FRS 101, related party transactions with wholly owned members of Constellation Software Inc have not been disclosed.
Page 17
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
19. | Controlling party
The Company's immediate parent company is Constellation Software Canada-UK Holdings Inc, a company incorporated in Canda. The largest and smallest group in which the resutls are consolidated is that headed by Constellation Software Inc. Constellation Software Inc is also the ultimate controlling party of the Company. The consolidated accounts of Constellation Software Inc are available to the public and may be obtained from www.csisoftware.com/category/stat-filings.
20. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2025 | 396,537,291
| Additions | 112,131,232
| At 31 December 2025 | 508,668,523
| Impairment |
| At 1 January 2025 | 1,862,866
| At 31 December 2025 | 1,862,866
| Net book value |
| At 31 December 2025 | 506,805,657
| At 31 December 2024 | 394,674,425
Page 18
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| Atex Media Limited | Hanover House | Ordinary | 100%
| Atex Software GmbH* | Am Pfahlgraben 4 - 1035415 Pohlheim Germany | Ordinary | 100%
| Atex Global Media Srl* | Via Benigno Crespi 1920159 Milano Italy | Ordinary | 100%
| Polopoly AB* | Tulegatan 45 Stockholm 113 53 Sweden | Ordinary | 100%
| Atex Global Media Sarl* | 120 Rue Jean Jaures 9230 Levallois-Perret | Ordinary | 100%
| Atex Media Command AB* | Tulegatan 45 Stockholm 113 53 Sweden | Ordinary | 100%
| Atex Media Oy* | Tietotie 2 90460 Oulunsalo | Ordinary | 100%
| Atex Software Oy* | Tietotie 2 90460 Oulunsalo | Ordinary | 100%
| Jaicom AB* | Utmarksvägen 18 SE-442 39 Kungälv | Ordinary | 100%
| Atex Pte Limited* | 80 Robinson Road #02-00, Singapore 068898 | Ordinary | 100%
| Perseus Group Software Ltd. | Abacus House, Acorn Business Park Tower Park, Poole, Dorest, England, BH12 4NZ | Ordinary | 100%
| Ibcos Computers Limited* | Abacus House, Acorn Business Park, Tower Park,Poole, Dorset, BH12 4NZ | Ordinary | 100%
| Clinical Computing UK Limited* | Ip City Centre, 1 Bath Street, Ipswich, IP2 8SD | Ordinary | 100%
| Mediqal Heallth Informatics Limited* | 1 Bath Street, Ipswich, England, IP2 8SD | Ordinary | 100%
| MOPSsys AB* | Torggatan 10, 891 33 Örnsköldsvik | Ordinary | 100%
| Catalyst Computer Systems Limited* | Granite House, 58 Loughborough Road, Mountsorrell, Leicestershire, LE12 7AT | Ordinary | 100%
| Selectapension Limited* | Selectapension House, Eridge Road, Crowborough, East Sussex, England, TN6 2SL | Ordinary | 100%
| Commerce Decisions Limited | Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW | Ordinary | 100%
| Commerce Decisions Canada Incorporated* | 1 Antares Drive, Suite 400,Ottawa, Ontario, K2E 8C4,Canada | Ordinary | 100%
Page 19
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Datamine Corporate Limited | Hanover House | Ordinary | 100%
| Vela UK Holdco Ltd | Hanover House | Ordinary | 100%
| Airport Information Systems Ltd* | 42-44 Nottingham Road, Mansfield, England, NG18 1BL | Ordinary | 100%
| Jonas Computing (UK) Ltd | Gladstone House, Hithercroft Road, Wallingford, England, OX10 9BT | Ordinary | 100%
| Volaris Group UK Holdco Ltd | Rivington House Chorley North Business Park, Drumhead Road, Chorley, Lancashire, England, PR6 7BX | Ordinary | 100%
| Halcom d d. | Dunajska cesta 123, 1000 Ljubljana, Slovenia | Ordinary | 100%
| Privredno drustvo Halcom a.d.* | Beogradska 39, 11000 Beograd, Serbia | Ordinary | 100%
| Halcom Sarajevo d.o.o* | Fra Andjela Zvizdovica 1,71000Sarajevo, Bosnia & Herzegovina | Ordinary | 100%
| Insite d.o.o* | Savska cesta 32, 10000, Zagreb,Croatia | Ordinary | 100%
| Gladstone Limited | Gladstone House | Ordinary | 100%
| Gladstone MRM Limited* | Gladstone House | Ordinary | 100%
| Gladstone Education Limited* | Stables | Ordinary | 100%
| Ascerta AS | Vollsveien 2 ALYSAKER 1366 Norge | Ordinary | 100%
| Vela Technologies India LLP* | Global Technology Park, 2nd Floor, Block C, Outer Ring Road, Devarabeesanahalli, Bellandur, Bangalore, 560103 | Ordinary | 100%
| K2 Medical Systems Holdings Limited | 101b Park Drive, Milton Park, Abingdon, Oxfordshire, England, OX14 4RY | Ordinary | 100%
| K2 Medical Systems Limited* | 101b Park Drive, Milton Park, Abingdon, Oxfordshire, England, OX14 4RY | Ordinary | 100%
| K2 Medical Systems Inc.* | 2429 Military Rd, Suite 300 Niagara Falls, NY 14304 | Ordinary | 100%
| Genial Genetic Solutions Limited* | Unit 62 Coworkz Business Centre, Minerva Avenue, Off Sovereign Way, Chester, Flintshire, Wales, CH1 4QL | Ordinary | 100%
Page 20
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Genial Compliance Systems Ltd* | Unit 62 Coworkz Business Centre, Minerva Avenue, Off Sovereign Way, Chester, Flintshire, Wales, CH1 4QL | Ordinary | 100%
| Onefile Ltd | 6th Floor, Corner Block, Quay Street, Manchester, England, M3 3HN | Ordinary | 100%
| Figtree Systems Europe Limited | 67-169 Great Portland Street, London, England, W1W 5PF | Ordinary | 100%
| Rialtas Business Solutions Limited | Unit 5 Uffcott Enterprise Park, Uffcott, Swindon, Wiltshire, SN4 9NB | Ordinary | 100%
| XN Leisure Systems Limited* | Stables | Ordinary | 100%
| Fitronics Limited* | Gladstone House | Ordinary | 100%
| Webcreative UK Limited* | Gladstone House | Ordinary | 100%
| AMI Education Solutions Limited* | Gladstone House | Ordinary | 100%
| Tucasi Limited* | Stables | Ordinary | 100%
| London & Zurich Limited* | Gladstone House | Ordinary | 100%
| London & Zurich Finance Limited* | Gladstone House | Ordinary | 100%
| Paygate Solutions Limited* | Gladstone House | Ordinary | 100%
| Metalogic Holdings Limited* | Gladstone House | Ordinary | 100%
| Jonas Metals Software Limited* | Gladstone House | Ordinary | 100%
| CRB Solutions Limited* | 116 The Stray, South Cave, Brough, East Yorkshire, England, HU15 2AL | Ordinary | 100%
| EZ-Runner systems Limited* | Gladstone House | Ordinary | 100%
| Green 4 Solutions Limited* | Stables | Ordinary | 100%
| Paygate Payments Solutions Limited* | 7 Meadway Court Meadway Technology Park, Stevenage, SG1 2EF | Ordinary | 100%
| Uniware Systems Limited* | Stables | Ordinary | 100%
| Vesta Merchant services Limited* | Stables | Ordinary | 100%
| Power2SMS Limited* | Gladstone House | Ordinary | 100%
| PCI Systems Limited* | Gladstone House | Ordinary | 100%
| Jonas Event Technology Limited* | Stables | Ordinary | 100%
| Show Data Systems Limited* | Stables | Ordinary | 100%
| Interchange Communications Limited* | Gladstone House | Ordinary | 100%
| FashionMaster Limited* | Stables | Ordinary | 100%
| Invicta Business Machines Limited* | Stables | Ordinary | 100%
| Vesta Software Group Limited* | Stables | Ordinary | 100%
| Blayhall Marine Limited* | Gladstone House | Ordinary | 100%
| Havenstar MMS Limited* | Gladstone House | Ordinary | 100%
| Havenstar Software Solutions Limited* | Gladstone | Ordinary | 100%
| Greycon Limited* | Stable | Ordinary | 100%
| Greycon Software SA* | Javier de Viana 2384, Montevideo, Uruguay, CP11200 | Ordinary | 100%
| Greycon Software Support and Development M.E.P.E* | Karneadou 15, Kolonaki, Athens,10675 | Ordinary | 100%
Page 21
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Shandong Greycon Software Technology Limited* | Suite 905, Financial CenterB, EastSheng Cheng Road, ShouguangCity, Shandong, 262700 | Ordinary | 100%
| Jonas Lifestyle Limited* | Gladstone House | Ordinary | 100%
| Qwantec Ingeneiria Limitada* | Latadia 5292, 7580494 Las Condes,Región Metropolitana, Chile | Ordinary | 100%
| Qwantec Peru SAC* | Av. Rivera Navarrete 765, Lima 15046, Peru | Ordinary | 100%
| Motion Software Limited* | 32 Dryden Road, Unit 1-9, Loanhead, Bliston Glen, Scotland, EH20 9LZ | Ordinary | 100%
| Contronics (Holdings) Limited* | Stables | Ordinary | 100%
| Contronics Limited* | Stables | Ordinary | 100%
| Fordman Systems Limited* | CW12 4TU, Fordman Systems Ltd C/O Contronics Ltd, Congleton, Congleton, Cheshire, United Kingdom, CW12 4TU | Ordinary | 100%
| Bluestar Software Limited* | Fair Cross Offices, Stratfield Saye, Reading, England, RG7 2BT | Ordinary | 100%
| Corporate Software and Asset Management Limited* | Pavillion 3 Grandholm Drive, Bridge Of Don, Aberdeen, Scotland, AB22 8AE | Ordinary | 100%
| GXC S.A.* | Avenida Italia 6201, Edificio Los Pinos P1, Montevideo, Uruguay | Ordinary | 100%
| AMT Group Limited* | F.D.C House, CORK, T23 WP94, Ireland | Ordinary | 100%
| AMT-Sybex (Software) Limited* | F.D.C House, CORK, T23 WP94, Ireland | Ordinary | 100%
| Marrakech Limited* | 16 Elder Close, Portslade, Brighton, England, BN41 2ER | Ordinary | 100%
| AMT-Sybex Limited* | Gladstone House | Ordinary | 100%
| Marrakech (U.K.) Limited* | Gladstone House | Ordinary | 100%
| RBRO Solutions-UK Limited* | Gladstone House | Ordinary | 100%
| The Hessel Group Limited* | Unit 5 Spring Gardens, Park Lane, Crowborough, East Sussex, England, TN6 2QN | Ordinary | 100%
| Infoscience (Software) Limited* | Innovation House, Ballybrit Business Park, Ballybrit Galway., Co. Galway, Galway | Ordinary | 100%
| Seiki Systems Limited* | Gladstone House | Ordinary | 100%
| Hellenic Systems Holdings Limtied | Stables | Ordinary | 100%
| Hellenic Systems Ltd* | Stables | Ordinary | 100%
Page 22
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| MCR Systems Limited* | Stables | Ordinary | 100%
| ASC Automotive Solutions Center Schweiz AG* | Auerstrasse 31, Heerbrugge, Switzerland | Ordinary | 100%
| ASC Automotive Solutions Center AG* | Wolf-Hirth-Strasse 10, Boblingen | Ordinary | 100%
| Across Systems GmbH* | Im Stoeckmaedle 13, Karlsbad, Germany | Ordinary | 100%
| Across Systems.RU LLC* | Pisareva str. 102/1, Novosibirsk, Russia | Ordinary | 100%
| Fmade GmbH* | Industriezeile 56a, 4020 Linz, Austria | Ordinary | 100%
| Nathan Grace Holdings Limited* | The Old School House, Chapel Street, Belper, Derbyshire, DE56 1AR | Ordinary | 100%
| Chevin Computer Systems Limited* | The Old School House, Chapel Street, Belper, Derbyshire, DE56 1AR | Ordinary | 100%
| Chevin Fleet Solutions LLC* | 347 Lunenburg St, Fitchburg, MA | Ordinary | 100%
| Chevin Fleet Solutions Pty Ltd* | Unit 55 117 Old Pittwater Road, Brookvale, NSW 2100 | Ordinary | 100%
| Chevin Fleet Solutions BV* | Elisabethlaan 2, 2600 Antwerpen | Ordinary | 100%
| Chevin Sarl* | 27 Avenue Du Savoy, 74400 Chamonix-Mont Blanc, France | Ordinary | 100%
| Cultura Technologies Ltd* | Rivington House, Chorley North Business Park,, Drumhead Road,, Chorley, Lancashire, England, PR6 7BX | Ordinary | 100%
| Cultura Technologies Deutschland GmbH* | Raiffeisenstrasse 13, Pleidelsheim, Germany | Ordinary | 100%
| Software Company AMIC GmbH* | Kaistrasse 101, Kiel,Germany | Ordinary | 100%
| Wellington Computer Systems Limited* | 20 Adelaide Street, Belfast, Northern Ireland, BT2 8GD | Ordinary | 100%
| Core Tech Software Limited* | 4 Queen Street, Edinburgh, United Kingdom, EH2 1JE | Ordinary | 100%
| Wynne Systems (UK) Limited* | Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW | Ordinary | 100%
| Furlong Business Solutions Limited* | Unit 23 Focus 303 Business Centre, Focus Way, Andover, England, SP10 5NY | Ordinary | 100%
| Kinetic Solutions Limited* | 249 Silbury Boulevard, Milton Keynes, England, MK9 1NA | Ordinary | 100%
Page 23
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Artifax Group Limited* | 5th Floor 167-169 Great Portland Street, London, England, W1W 5PF | Ordinary | 100%
| Artifax Software Limited* | 5th Floor 167-169 Great Portland Street, London, England, W1W 5PF | Ordinary | 100%
| Artifax Limited* | 5th Floor 167-169 Great Portland Street, London, England, W1W 5PF | Ordinary | 100%
| Grosvenor systems Limited* | Unit A, 7 Leathermarket Street, London, SE1 3FB | Ordinary | 100%
| IndiCater Limited* | 40 Caversham Road, Reading, Berkshire, England, RG1 7EB | Ordinary | 100%
| WiFiSpark Limited* | 5 Cranmere Court Lustleigh Close, Matford Business Park, Exeter, EX2 8PW | Ordinary | 100%
| GoAssetWorks Limited* | 5th Floor 10 Finsbury Square, London, England, EC2A 1AF | Ordinary | 100%
| Sunrise Software Limited* | 167-169 Great Portland Street, London, England, W1W 5PF | Ordinary | 100%
| Technology Blueprint Limited* | Salisbury House, Station Road, Cambridge, Cambridgeshire, England, CB1 2LA | Ordinary | 100%
| Checkdocs Ltd* | Salisbury House, Station Road, Cambridge, Cambridgeshire, England, CB1 2LA | Ordinary | 100%
| Tech Blue Software Private Limited* | 1st Floor, AIHP Horizon, 445, UdyogVihar Phase V, Sector 19, Gurugram, Haryana 122016, India | Ordinary | 100%
| Corbett Engineering Limited* | Suite 6 The Gardens Coleshill Manor Office Campus, South Drive, Coleshill, England, B46 1DL | Ordinary | 100%
| Vision Group B.V.* | Louizalaan 65/11,1050 Elsene | Ordinary | 100%
| Routevision Services B.V.* | Marten Meesweg 10, 3068 AV, Rotterdam | Ordinary | 100%
| Routevision Nederland B.V.* | Marten Meesweg 10, 3068 AV, Rotterdam | Ordinary | 100%
| Route-vision Belgium B.V.* | 142 Lange Lozanastraat Antwerp 2018 | Ordinary | 100%
| HGEM Ltd* | Kings Court, Parsonage Lane, Bath, BA1 1ER | Ordinary | 100%
| The Mystery Dining Company Ltd* | 2nd Floor, Kings Court Parsonage Lane, Bath, Avon, BA1 1ER | Ordinary | 100%
Page 24
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| DisplayNote Technologies Limited* | Unit 18, The Innovation Centre, Queens Road, Belfast, Northern Ireland, BT3 9DT | Ordinary | 100%
| DisplayNote Technologies SLU* | Calle Central, 10 - 1st Floor A, Murcia, 30100, Murcia | Ordinary | 100%
| Motiondata Vector Software GmbH* | Feldkirchner Strasse 11- 15, Seiersberg, Austria | Ordinary | 100%
| Motiondata Vector Schweiz GmbH* | Auerstrasse 31, Heerbrugge, Switzerland | Ordinary | 100%
| Motiondata Vector Deutschland GmbH* | Brünnsteinstrasse 18, BadAibling,Germany | Ordinary | 100%
| Lightbulb analytics Limited* | Egale 1 80 St Albans Road, Watford,Hertfordshire, United Kingdom, WD17 1DL | Ordinary | 100%
| Company Watch Limited* | Brook Suite, Ground Floor Bewley House, Marshfield Road, Chippenham, United Kingdom, SN15 1JW | Ordinary | 100%
| Alemba Topco Limited* | Salisbury House, CB1 2LA | Ordinary | 100%
| Alemba Limited* | Salisbury House, CB1 2LA | Ordinary | 100%
| Alemba Pty Ltd* | 223 Liverpool St Darlinghurst, NEWSOUTH WALES, 2010 Australia | Ordinary | 100%
| Alemba NZ Limited* | Level 1, 6 Johnsonville Road, Johnsonville, Wellington 6037 NZ | Ordinary | 100%
| EASA Software Limited* | 36-38 International House, Cornhill, London, England, EC3V 3NG | Ordinary | 100%
| NitroSell Limited* | Unit 325, Spaces, 1 Horgans Quay, Cork, Ireland | Ordinary | 100%
| Volaris Group Canada Holdings Inc* | 20 Adelaide St E Unit 1200 Toronto,ON, M5C 2T6 Canada | Ordinary | 100%
| SSP Midco 2 Limited* | Bowling Mill | Ordinary | 100%
| SSP Midco 1 Limited* | Bowling Mill | Ordinary | 100%
| SSP Bidco Limited* | Bowling Mill | Ordinary | 100%
| SSP Holdings Limited* | Bowling Mill | Ordinary | 100%
| SSP Limited* | Bowling Mill | Ordinary | 100%
| Software Solutions Partners Africa (Proprietary) Limited* | Sandown Mews Ground Floor West Building 88 Stella Road Sandton Johannesburg 2196 | Ordinary | 100%
| SSP (New Zealand) Limited* | Level 6 205 Queen Street Auckland | Ordinary | 100%
| Keychoice Underwriting Limited* | Bowling Mill | Ordinary | 100%
Page 25
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| SSP (India) Private Limited* | 4th Floor, Block A2, DLF World TechPark, DLF IT SEZ Silokhera, Sector-30, Gurugram, Haryana, 122002 | Ordinary | 100%
| Holdgrove Limited* | Bowling Mill | Ordinary | 100%
| SSP Asia Pacific Pty Limited* | 18A South Tower, 485 La Trobe StreetMelbourne VIC 3000 | Ordinary | 100%
| Sectornet Limited* | Fourth Floor D Mill, Dean Clough,Halifax, United Kingdom, HX3 5AX | Ordinary | 100%
| SSP (Africa) Holdings (proprietary) Limited* | Sandown Mews Ground Floor West Building 88 Stella Road Sandton Johannesburg 2196 | Ordinary | 100%
| Policy Master Group Limited* | Bowling Mill | Ordinary | 100%
| Key Choice Insurance Marketing Limited* | Bowling Mill | Ordinary | 100%
| Loop Portal UK Limited* | Bowling Mill | Ordinary | 100%
| SSP Sirius Solutions Limited* | Bowling Mill | Ordinary | 100%
| SSP Sirius Limited* | Bowling Mill | Ordinary | 100%
| Sirius Financial Systems Group Limited* | Fourth Floor D Mill, Dean Clough, Halifax, United Kingdom, HX35AX | Ordinary | 100%
| Mediquote Health Solutions Limited* | Bowling Mill | Ordinary | 100%
| Datamine International Limited* | Hanover House | Ordinary | 100%
| Datamine Africa (Pty) Ltd* | 27 Fricker Road, Illovo Boulevard, Illovo, 2196 | Ordinary | 100%
| Harris Computer Germany GmbH* | Konrad-Zuse-Str. 1, D-18184Roggentin, Rostock,Germany | Ordinary | 100%
| Vela Software Germany GmbH* | A registered seat in Munich, registered with the commercial register of the local court of Munich under company number HRB 242315,Germany | Ordinary | 100%
| Database Systems LLP* | 101 al-Farabi Avenue, app.3, Almaty City RoK | Ordinary | 100%
| GeoMineSoft LLP* | 9 Ilbragimov Street, Special Economic Zone "Park of Innovative Technologies", 2nd Floor, Block-A,Office 205a, Almaty city, Rok | Ordinary | 100%
| Genias Verwaltungs GmbH* | Kreuzbergring 50, 92421 Schwandorf Germany | Ordinary | 100%
| Genias Graphics GmbH & Co. KG* | Gutenbergstrasse 19, 93128 Regenstauf, Germany | Ordinary | 100%
| Datamine Software Limited* | Hanover House | Ordinary | 100%
Page 26
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Datamine Brasil Solucoes em Technologia Ltda* | Avenida Barao Homem de Melo 4391 -11th Floor - Belo Horizonte/MG - ZIPCode: 30494-275 | Ordinary | 100%
| Datamine Ecuatotiana Cia. Ltda* | Av, De los Shyris N35-71 y Suecia,Edif. Argentum, Of.1402, Quito ,Equador | Ordinary | 100%
| Datamine Chile S.A.* | Av. Suecia 0155 Oficina 902, Piso 9 Providencia Santiago 751-0038, Chile | Ordinary | 100%
| Iconexa SpA* | Cno. La Cumbre 4177 Dptro 326PS 3 Ed. 2 | Ordinary | 100%
| CAE Datamine Peru S.A.* | Av. Manuel Olguin, 335 Oficina, 503 Torre Link Tower Surco, Lima, Peru | Ordinary | 100%
| PT Datamine Software Indonesia* | UGM Tower B, 5th Floor JI. Dr. Saharjo No.83, RW.8, Manggarai, Kec. Tebet, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12850 | Ordinary | 100%
| Tanygraig Limited* | Unit 5 Swan Business Park, Sandpit Road, Dartford, Kent, England, DA1 5ED | Ordinary | 100%
| Interica Limited* | Unit 5 Swan Business Park, Sandpit Road, Dartford, Kent, England, DA1 5ED | Ordinary | 100%
| InfoAsset Limited* | Unit 5 Swan Business Park, Sandpit Road, Dartford, Kent, England, DA1 5ED | Ordinary | 100%
| Searoc Group Limited* | Unit 46 Chichester Enterprise Centre, Terminus Road, Chichester, England, PO19 8FY | Ordinary | 100%
| Seaplanner Limited* | Unit 46 Chichester Enterprise Centre, Terminus Road, Chichester, England, PO19 8FY | Ordinary | 100%
| Searoc Ltd* | Unit 46 Chichester Enterprise Centre, Terminus Road, Chichester, England, PO19 8FY | Ordinary | 100%
| Jumpstart Holdings (Pty) Ltd* | 27 Fricker Rd, Illovo, Sandton, Gauteng, South Africa, 2191 | Ordinary | 100%
| Jumpstart Interactive Intelligence (Pty) Ltd* | 27 Fricker Rd, Illovo, Sandton, Gauteng, South Africa, 2191 | Ordinary | 100%
Page 27
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Jumpstart Communications (Pty) Ltd* | 27 Fricker Rd, Illovo, Sandton, Gauteng, South Africa, 2191 | Ordinary | 100%
| Infomill (Holdco) Ltd* | Hanover House | Ordinary | 100%
| Infomill Limited* | Hanover House | Ordinary | 100%
| Infomill Trustees Limited* | Pentagon House, Sir Frank Whittle Road, Derby, DE21 4XA | Ordinary | 100%
| Finglow Limited | 5th Floor 10 Finsbury Square, London, United Kingdom, EC2A 1AF | Ordinary | 100%
| IN2 d.o.o. | Josipa Marohnica1/1,10000Zagreb,Croatia | Ordinary | 100%
| QuickSilva Limited | Brook Suite Bewley House, Marshfield Road, Chippenham, England, SN15 1JW | Ordinary | 100%
| CrescentOne Software Limited* | 960 Capability Green, Luton, Bedfordshire, LU1 3PE | Ordinary | 100%
| Realis Simulation Limited* | Shoreham Technical Centre,, Old Shoreham Rd, Shoreham-By-Sea, West Sussex, United Kingdom, BN43 5FG | Ordinary | 100%
| Vela Software Spain S.L.U | Calle Gremi De Fusters 33,07009 Palma, IllesBalears, Spain | Ordinary | 100%
| Vela Software Limited | 6th Floor, Eagle Tower, Montpellier Drive, Cheltenham, England, GL50 1TA | Ordinary | 100%
| IGEA d.o.o* | Frana Supila 7/B, 42000 Varaždin, Croatia | Ordinary | 100%
| IN2 d.o.o. Sarajevo* | Tešanjska 24a, AvazTwist Tower, 8.kat,71000 Sarajevo, Bosnia and Hercegovina | Ordinary | 100%
| IN2 informaticki injženjering d.o.o. Beograd* | Tošin Bunar 274V,11070 Beograd,Serbia | Ordinary | 100%
| IN2 Skopje Ltd* | Bul. Kuzman Josifovski Pitu, no.15,Neocom, 5floor, 1000 Skopje, North Macedonia | Ordinary | 100%
| MCS Grupa d.o.o.* | Zagreba?ka cesta 126,10000 Zagreb,Croat | Ordinary | 100%
| Libusoft CICOM d.o.o.* | Remetinecka cesta 7a(Kajzerica)10020 Zagreb | Ordinary | 100%
| Juniper Consulting S.L.* | Calle Gremi de Fusters(pol. sonCastello), 33 -PISO 3º. OFICINA302,Palma, 07009 , Baleares | Ordinary | 100%
Page 28
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| I.S.T. Servicios Informaticos S.L.* | Paseo Castellana, 153 - BJ, Madrid, 28046, Madrid | Ordinary | 100%
| Juniper S.A.S* | Carrera 100, nº5-169; office 712A | Ordinary | 100%
| SVAM PLUS d.o.o.* | F. Tenchinija 2a, 10000 Zagreb, Croatia | Ordinary | 100%
| Avalon Informatica y Servicios S.L.* | Ronda del Carralero, 4 Poligono Empresarial "ElCarralero", Majadahonda, Madrid | Ordinary | 100%
| Avalon Informatica y Servicios S.A. de C.V.* | Calle Lago Alberto, 375 Piso 10-101,Miguel Hidalgo, Ciudad de Mexico | Ordinary | 100%
| MicrOasis S.L.* | Av. Madrid, 73, Puerta 12- 36214 Vigo, Pontevedra | Ordinary | 100%
| Icorp S.A.* | Pasaje Paseo de las carretas 2580, Piso 10, Montevideo, Uruguay | Ordinary | 100%
| Tecmedia S.A.* | Tecmedica S A, 0253257, Chile | Ordinary | 100%
| Asesorias Computacionales NeoSoft SpA* | Andres bello 2233, of 1601,providencia Santiago Chile | Ordinary | 100%
| Financial Systems Company Chile SA* | FSCCH - AVENIDA AMERICO VESPUCIO NORTE 1090 OFICINA 1201, VITACURA, Santiago de chile, chile | Ordinary | 100%
| Sociedad de Ingenieria en Informatica Rayen Salud SpA* | Merced 480, 2nd floor, Santiago, Chile | Ordinary | 100%
| Roibos Technologies, S.L* | Gremi Fusters, número 33, suite 325 (07009) Palma de Mallorca, Illes Balears Spain | Ordinary | 100%
| Financial Services Company SAS* | Av Pradilla 900 Este, Centro Empresarial Centro Chía, Oficina 301, Chía, Cundinamarca Bogotá, Colombia' | Ordinary | 100%
| Financial Systems Company Peru S.A.C.* | AV. DEL PINAR 180, URB. CHACARILLA DEL ESTANQUE, SANTIAGO DE SURCO, LIMA, Peru | Ordinary | 100%
| Ragrab Computing India Private Limited* | Sindur Pantheon Plaza, No.346, Pantheon Road, Egmore, Chennai, Chennai TN 600008 IN | Ordinary | 100%
| ITS Computing Limited* | 205 Airport Road West, Belfast, BT3 9ED | Ordinary | 100%
Page 29
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| First Apex Insurance Systems Co Ltd* | Egmore, Chennai – 600 008 | Ordinary | 100%
| Maron Systems Limited* | Kestrel Way Kestrel Way, Gorseinon, Swansea, Wales, SA4 9WN | Ordinary | 100%
| Vela APAC UK Holdco Ltd* | Brook Suite, Ground Floor,Bewley House, Marshfield Road, Chippenham, SN15 1JW | Ordinary | 100%
| Island Pacific (UK) Limited* | Stansted House, Shire Hill, Saffron Walden, Essex, England, CB11 3AQ | Ordinary | 100%
| Intelligent Retail (UK) Limited* | Consort House, 42 Bone Lane, Newbury, Berkshire, RG14 5SD | Ordinary | 100%
| FOG UK Holdco Ltd* | Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW | Ordinary | 100%
| Constellation Software Inc. (Ontario) | #66 Wellington Street West Suite 5300 TD Bank Tower Toronto, Ontario M5K 1E6 | Ordinary | 100%
| Perseus Group Software Corp. (Ontario) | 8133 Warden Ave., Markham, ON L6G 1B3 | Ordinary | 100%
| Trapeze Software ULC (Alberta) | "200-5060 Spectrum Way Mississauga, ON L4W 5N5 Canada" | Ordinary | 100%
| Tarantula.net India Pvt Ltd | #204, 2nd Floor Aditya Trade Center, Ameerpet, Hyderabad, Telangana, India 500038 | Ordinary | 100%
| Xanalys Ltd. | Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW | Ordinary | 100%
| Xanalys Canada Inc. | 7111 Syntex Drive, 3rd Floor Mississauga, Ontario L5N 8C3 Canada | Ordinary | 100%
| Harris Chile Holdings SpA | Gladstone House, Hithercroft Road, Wallingford, England, OX10 9BT | Ordinary | 100%
| Salon Software Solutions Limited | Gladstone House Hithercroft Road, Wallingford, Oxfordshire, England, OX10 9BT | Ordinary | 55%
| Cunningham Epos Group Limited | Stables 1 Howbery Park, Wallingford, Oxon, England, OX10 8BA | Ordinary | 100%
Page 30
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Qwantec Mexico, S.A | Gladstone House, Hithercroft Road, Wallingford, England, OX10 9BT | Ordinary | 100%
| Qwantec Ingeneiria SpA | Gladstone House, Hithercroft Road, Wallingford, England, OX10 9BT | Ordinary | 100%
| Intelligent Counting Limited | Gladstone House Hithercroft Road, Wallingford, Oxfordshire, England, OX10 9BT | Ordinary | 100%
| Hopewiser Holding Group Limited | 2 Merlin Court, Atlantic Street, Altrincham, Cheshire, United Kingdom, WA14 5NL | Ordinary | 100%
| Hopewiser Limited | 2 Merlin Court, Atlantic Street, Altrincham, Cheshire, WA14 5NL | Ordinary | 100%
| EverCommerce UK Company Limited | Highfield Court Tollgate, Chandler's Ford, Eastleigh, Hampshire, United Kingdom, SO53 3TY | Ordinary | 100%
| Fitii Limited | Highfield Court Tollgate, Chandler's Ford, Eastleigh, Hampshire, United Kingdom, SO53 3TY | Ordinary | 100%
| Clubwise Software Limited | 6 Tower Court, Horns Lane, Princes Risborough, Buckinghamshire, United Kingdom, HP27 0AJ | Ordinary | 100%
| Hopewiser Limited | 2 Merlin Court, Atlantic Street, Altrincham, Cheshire, WA14 5NL | Ordinary | 100%
| Rock Solid Knowledge Limited | Gladstone House Hithercroft Road, Wallingford, Oxfordshire, England, OX10 9BT | Ordinary | 100%
| Vesta Software Group Latam S.A. | "Canelones 1840 Montevideo Uruguay" | Ordinary | 100%
| Dataflow Events Ltd | Stables 1 Howbery Park, Wallingford, Oxfordshire, England, OX10 8BA | Ordinary | 100%
| MWC Partners Limited | Stables 1 Howbery Park, Wallingford, Oxon, England, OX10 8BA | Ordinary | 100%
| Machine Max Limited | Stables 1 Howbery Park, Wallingford, Oxon, England, OX10 8BA | Ordinary | 100%
| Machine Max US | 1209 Orange St, Wilmington, DE 19801, USA | Ordinary | 100%
Page 31
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Machine Max India | C9PX+XX3, Road No. 36, CBI Colony, Jubilee Hills, Hyderabad, Telangana 500033, India | Ordinary | 100%
| Machine Max India | C9PX+XX3, Road No. 36, CBI Colony, Jubilee Hills, Hyderabad, Telangana 500033, India | Ordinary | 100%
| H&H Communication Lab GmbH | Hindenburgring 31, 89077 Ulm, Germany | Ordinary | 100%
| Dragintra BV (Belgium) | Starrenhoflaan 44/021, 2950 Kapellen, Belgium | Ordinary | 100%
| Fleetexpert NV | Starrenhoflaan 44/021, 2950 Kapellen, Belgium | Ordinary | 100%
| Dragintra B.V. (Netherlands) | "De Molen 40 3994 DB Houten" | Ordinary | 100%
| Dragintra Fleet Services UK Ltd. | The Old School House, Belper, Derbyshire, DE56 1AR | Ordinary | 100%
| Dragintra France SASU | "104 Avenue Albert 1er 92500 Rueil-Malmaison" | Ordinary | 100%
| Dragintra LDA | "Iberofleeting Rua Agostinho Neto, 21-A 1750-003 Lisbon" | Ordinary | 100%
| Dragintra Fleet Service GmbH | "Senefelderstraße 20 D-41066 Mönchengladbach" | Ordinary | 100%
| ServiceERP GmbH | Von-Humboldt-Straße 2, 49835 Wietmarschen, Germany | Ordinary | 100%
| Agiboo B.V. | Drielandendreef 42, 3845 CA Harderwijk, Netherlands | Ordinary | 100%
| Food Experts, S.L. | Calle del Dr. Fleming, 56, 1 Izquierda, Chamartín, 28036 Madrid, Spain | Ordinary | 100%
| Esteiro Holdings Limited | Vulcan Works, 34-38 Guildhall Road, Northampton, NN1 1EW | Ordinary | 100%
| Esteiro Business Solutions Limited | Vulcan Works, 34-38 Guildhall Road, Northampton, NN1 1EW | Ordinary | 100%
| Esteiro Business Solutions Canada Inc. | 100 King St W, Toronto, ON M5X 1C7, Canada | Ordinary | 100%
| Zeit AG | Allee 1B, 6210 Sursee, Switzerland | Ordinary | 100%
| Spark Technology Services Limited | 5 Cranmere Court Lustleigh Close, Matford Business Park, Exeter, Devon, EX2 8PW | Ordinary | 100%
| Sentean Group B.V | Luchthavenweg 81 – Suite 005 5657 EA EINDHOVEN | Ordinary | 100%
Page 32
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Sentean Solutions B.V. | Luchthavenweg 81 – Suite 005 5657 EA EINDHOVEN | Ordinary | 100%
| Sentean Technologies | Luchthavenweg 81 – Suite 005 5657 EA EINDHOVEN | Ordinary | 100%
| Sentean Software B.V. | Luchthavenweg 81 – Suite 005 5657 EA EINDHOVEN | Ordinary | 100%
| Sentean International B.V. | Luchthavenweg 81 – Suite 005 5657 EA EINDHOVEN | Ordinary | 100%
| Sentean Consultancy B.V. | Luchthavenweg 81 – Suite 005 5657 EA EINDHOVEN | Ordinary | 100%
| Bullet Solutions – Sistemas de Informaçao S.A. | Edifício Roma Parque Itália Sala 911, Rua de Júlio Dinis 728, 4050-012 Porto, Portugal | Ordinary | 100%
| Zupa Tech Limited | C/O Tc Group Hones Yard, Waverley Lane, Farnham, England, GU9 8BB | Ordinary | 100%
| Rentr Limited | 21-23 Clemens Street, Leamington Spa, Warwickshire, United Kingdom, CV31 2DW | Ordinary | 100%
| Letmc Holdings Limited | 13 Lambourne Crescent, Llanishen, Cardiff, Wales, CF14 5GF | Ordinary | 100%
| AgentOs Proptech Group Ltd. | 13 Lambourne Crescent, Llanishen, Cardiff, Wales, CF14 5GF | Ordinary | 100%
| Samtech S.A. | Del Valle 577, Huechuraba, Región Metropolitana, Chile | Ordinary | 100%
| Samtech Colombia SaS | Cl. 113 #7 45, Bogotá, Colombia | Ordinary | 100%
| Nexo CS Informatica S.A | Rua Dr. Cândido Espinheira, 396 – 7º andar Bairro Perdizes – CEP 05004-000 | Ordinary | 100%
| GreatSoft (Pty) Ltd | C7 Pinelands Business Park, Avonduur Road, Pinelands, Cape Town, | Ordinary | 100%
| Greatsoft Cosec (Pty) Ltd | C7 Pinelands Business Park, Avonduur Road, Pinelands, Cape Town, | Ordinary | 100%
| GreatSoft Payroll (Pty) Ltd | C7 Pinelands Business Park, Avonduur Road, Pinelands, Cape Town, | Ordinary | 100%
Page 33
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| GreatSoft Europe DOO Pirot | "Datamine Bristol United Kingdom Office Hanover House Queen Charlotte Street, Bristol, UK, BS1 4EX" | Ordinary | 100%
| SIV – Service fur Informationsverabeitung Aktiengesellschaft | Konrad-Zuse-Straße 1, 18184 Roggentin, Germany | Ordinary | 100%
| SIV Utility services GmbH | Industriestraße 15, 18069 Rostock, Germany | Ordinary | 100%
| SIV BG EOOD | Konrad-Zuse-Straße 1, 18184 Roggentin, Germany | Ordinary | 100%
| Harris Computer Austria GmbH | "Harris Computer Austria GmbH Albertgasse 35 1080 Vienna, Austria" | Ordinary | 100%
| DataPharm Network EDV-Dienstleistungs GmbH | Jeneweingasse 11, 1210 Wien, Austria | Ordinary | 100%
| PharmaTax GmbH | "Jeneweingasse 11 / 1st St. 1210 Vienna, Austria" | Ordinary | 100%
| CRP Informationssysteme GmbH | Am Kuemmerling 24, 55294 Bodenheim, Germany | Ordinary | 100%
| AixConcept GmbH | Wallonischer Ring 37, 52222 Stolberg, Germany | Ordinary | 100%
| Alpha Computer GmbH | Bürohaus am Vita-Center, Wladimir-Sagorski-Straße 24, 09122 Chemnitz, Germany | Ordinary | 100%
| Wigasoft AG | Oberstrasse 222, 9014 St. Gallen, Switzerland | Ordinary | 100%
| Lleego Travel Market, S.L. | Alameda Principal, 44, Distrito Centro, 29005 Málaga, Spain | Ordinary | 100%
| Dometec Holdco, S.L.U. | Gremi des Fusters, 33, Nord, 07009 Palma, Illes Balears, Spain | Ordinary | 100%
| Hotetec Accomodation, S.L | Carretera Palma-Valldemossa km 7,4 Parc Bit, Edificio U, Local 14, 07121 Palma de Mallorca, Balearic Islands, Spain | Ordinary | 100%
| Dome Consulting and Solutions, S.L | "Parc Bit, Edificio U Local 14 Carretera Valldemossa Km 7,4 07121 Palma - Baleares - España" | Ordinary | 100%
Page 34
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| ITC Soluciones Tecnológicas S.A.S | Cl. 39a #24-38, Bogotá, Colombia | Ordinary | 100%
| ITC Internacional S.A | Cl. 39a #24-38, Bogotá, Colombia | Ordinary | 100%
| ITC Soluciones Tecnológicas S.A.S. RD | Cl. 39a #24-38, Bogotá, Colombia | Ordinary | 100%
| Vital Software Ltd. | Discovery Hub Discovery Park, Ramsgate Road, Sandwich, Kent, CT13 9ND | Ordinary | 100%
| AURA Corporation (UK) Ltd | Discovery Hub Discovery Park, Ramsgate Road, Sandwich, England, CT13 9ND | Ordinary | 100%
| AURA Europe GmbH | "Siebeinstrasse 3 (Zone 2) 76726 Germersheim, Germany" | Ordinary | 100%
| M.D.F. Database Solutions Ltd | Discovery Hub Discovery Park, Ramsgate Road, Sandwich, England, CT13 9ND | Ordinary | 100%
| Vertical Market Software Capital Partners Co., Ltd | 3-4 Kandakaji-cho, Chiyoda-ku, Tokyo | Ordinary | 100%
| Tambla International Limited | Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW | Ordinary | 100%
| Traveltek Group Holdings Limited | Suite 3a 38 Queen Street, Glasgow, Scotland, G1 3DX | Ordinary | 100%
| Traveltek Group Limited | Suite 3a 38 Queen Street, Glasgow, Scotland, G1 3DX | Ordinary | 100%
| Traveltek Ltd | Suite 3a 38 Queen Street, Glasgow, Scotland, G1 3DX | Ordinary | 100%
| Stewken Traveltek India Private Traveltek Inc Limited | Office 21 & 22, Corporate Court, Level 4, Wing B Survey No.115/1 And 115/29, Financial District, Nanakramguda Village, Hyderabad-500032, Telangana, India | Ordinary | 100%
| Traveltek Inc | 3310 Mary St STE 501, Miami, FL 33133, USA | Ordinary | 100%
| Traveltek Canada Limited | he J.P. Dowell Building, 208 S. Johnson St., Suite 206, McKinney, TX 75069 | Ordinary | 100%
| Ascertra UK Ltd | 1 George Square, Glasgow, United Kingdom, G2 1AL | Ordinary | 100%
Page 35
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Hexcuity Ltd | One, Fleet Place, London, England, EC4M 7WS | Ordinary | 100%
| Rezatec (UK Services) Ltd | One, Fleet Place, London, England, EC4M 7WS | Ordinary | 100%
| Modyo SpA | Av. Bicentenario 3883, 303, 7630000 Vitacura, Región Metropolitana, Chile | Ordinary | 100%
| Modyo Chile SpA | Juan de Valiente 3630, Vitacura, Región Metropolitana, Chile | Ordinary | 100%
| Modyo B.V | Strawinskylaan 1143, 1077 XX Amsterdam, Netherlands | Ordinary | 100%
| Modyo Colombia S.A.S | CARRERA 11 B 99 25 BOGOTA, Distrito Capital de Bogota Colombia | Ordinary | 100%
| IN2 d.o.o. (Slovenia) | Šmarska cesta 7c, 6000 Koper, Slovenia | Ordinary | 100%
| Jadran – Informatika d.o.o. | Pulac 4a, 51000, Rijeka, Croatia | Ordinary | 100%
| Adept Energy Solutions Limited | 431 Union Street, Aberdeen, Scotland, AB11 6DA | Ordinary | 100%
| Corporate IT Systems Limited | Brook Suite, Chippenham, England, SN15 1JW | Ordinary | 100%
| CRB Cunninghams Limited | 32 Dryden Road, Unit 1-9, Loanhead, Bliston Glen, Scotland, EH20 9LZ | Ordinary | 100%
| Cultura Technologies Deutschland GmbH | Raiffeisenstraße 13, 74385 Pleidelsheim, GERMANY | Ordinary | 100%
| Cultura Technologies Ltd | Rivington House, Chorley, Lancashire, England, PR6 7BX | Ordinary | 100%
| EK MATERNITY SOFTWARE LIMITED | Brook Suite Ground Floor, Bewley House, SN15 1JW | Ordinary | 100%
| Fidelity Systems Limited | Stables | Ordinary | 100%
| Fisikal Limited | Stables | Ordinary | 100%
| Hospitality Tech Holdings Limited | Stables | Ordinary | 100%
| i2 Group Limited | Brook Suite Ground Floor, Bewley House, SN15 1JW | Ordinary | 100%
| i2 Limited | Brook Suite Ground Floor, Bewley House, SN15 1JW | Ordinary | 100%
| Imaginet Limited | Stables | Ordinary | 100%
Page 36
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Inspiretec Group Limited | 3, The Quadrangle, Vision Court,, Caxton Place, Pentwyn, Cardiff, CF23 8HA | Ordinary | 100%
| Jonas Sports Limited | Stables | Ordinary | 100%
| Kahootz Limited | Gladstone House, OX10 9BT | Ordinary | 100%
| Keychoice Insurance Marketing Limited | Bowling Mill | Ordinary | 100%
| Pentaho UK Limited | 6th Floor, Eagle Tower, Montpellier Drive, Cheltenham, United Kingdom, GL50 1TA | Ordinary | 100%
| Pollution Monitors Limited | Stables | Ordinary | 100%
| Tenbisur S.A. | Pasaje paseo de las carretas 2580, Piso 10, Montevideo, uruguay | Ordinary | 100%
| tlmNexus Ltd | Suite 16 95 Ditchling Road, Brighton, East Sussex, England, BN1 4ST | Ordinary | 100%
| VG UK MGT Limited | Unit 5 Cranmere Court Lustleigh Close | Ordinary | 100%
| Wheatley Associates Holdings Limited | Gladstone House | Ordinary | 100%
| Wheatley Software Solutions Limited | Gladstone House | Ordinary | 100%
| Workflow Asset Management Limited | Gladstone House | Ordinary | 100%
| Carina UK Holdco Ltd. | Kestrel Way Kestrel Way, Gorseinon, Swansea, Wales, SA4 9WN | Ordinary | 100%
| Datamine Mongolia LLC | 1st district, Sukhbaatar District, Ulaanbaatar | Ordinary | 100%
| Facturanet Servicios Digitales SAS | CARRERA 52 14 30 LC 321 en la ciudad de MEDELLIN | Ordinary | 100%
| Neurona Tecnologia Financiera S.A.S. (Columbia) | 49-15, Oficina 301, en Bogotá | Ordinary | 100%
| Mineware Africa Proprietary Limited | 1 Mount Albert Road, la Colline, Stellenbosch, South Africa, 7600 | Ordinary | 100%
| Mineware Consulting Proprietary Limited | Cnr Hertford Junction and Pelindaba, Lanseria, Gauteng, South Africa, 1739 | Ordinary | 100%
| Infoprojekt d.o.o. (Croatia) | Zvonimirova 20A, 51000 Rijeka | Ordinary | 100%
| Sentean Technologies (B.V.) | Luchthavenweg 81 Unit 005, 5657EA Eindhoven | Ordinary | 100%
| Codes Rousseau SAS | 1 rue Albert Einstein, 85340 Les Sables d'Olonne, France | Ordinary | 100%
| digital advisors GmbH | Schwieberdinger Straße 60, 71636 Ludwigsburg, Germany | Ordinary | 100%
| Editorial Trafico Vial S.A.U. | 128, 28935 Móstoles, Madrid , Spain | Ordinary | 100%
Page 37
CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| FUMO Solutions GmbH | Lerchenbergstraße, Germany | Ordinary | 100%
| Heinrich Vogel Fachzeitschriften GmbH | Aschauer Straße 30, Germany | Ordinary | 100%
| Hubert Ebner Verlags GmbH | Am Thalbach 22, 4609 Thalheim bei Wels, Austria | Ordinary | 100%
| ORATA S.A.R.L | 58 rue Waldeck Rousseau, 69006 LYON, France | Ordinary | 100%
| Planete Permis SAS | 6 Allée Du Piemont, France | Ordinary | 100%
| SYGJES GmbH | Konrad-Zuse-Straße 1, Germany | Ordinary | 100%
| TECVIA GmbH | Aschauer Straße 30, Germany | Ordinary | 100%
| TECVIA Group GmbH | Aschauer Straße 30, Germany | Ordinary | 100%
| TECVIA Holding GmbH | Aschauer Straße 30, Germany | Ordinary | 100%
| TECVIA Media GmbH | Aschauer Straße 30, Germany | Ordinary | 100%
| TECVIA Switzerland GmbH | Steinackerstrasse 35, 8902 Urdorf, Switzerland | Ordinary | 100%
| Wendel-Verlag GmbH | Angersbachstr. 13, Germany | Ordinary | 100%
| Aava Ohielmistot Oy | Sumeliuksenkatu 18b, 33100 Tampere | Ordinary | 100%
| JEGYMESTER Kereskedeimi es Szolgaltato Koriatolt Felelossegu Tarsasag (Hungary) | Bajcsy-Zsilinszky ut 31. I. emelet 3, Budapest; 1065 | Ordinary | 100%
| Bit Soft Bulgaria Ltd. | 41 Kapitan-Leytenant Evstati Vinarov Street, Bulgaria | Ordinary | 100%
| Bit Soft France SAS | 16 Rue du Colisée, 75008 Paris, France | Ordinary | 100%
| Bit Soft HU Korlátolt Felelosségu Társaság | Budapest, 13 Banyato Utca | Ordinary | 100%
| Bit Soft S.A. | Bucharest, District 1, 169A Calea Floreasca, 1st Floor | Ordinary | 100%
| Expremio Marketing S.R.L. | Bucharest, District 1, 169A Calea Floreasca, 1st Floor | Ordinary | 100%
| Knowit Consulting S.R.L. | Bucharest, District 1, 169A Calea Floreasca, 1st Floor | Ordinary | 100%
| Carlson Marketing FZ-LLC | Ex-15, Ground Floor, Dubai Internet City Dubai, UAE. | Ordinary | 100%
| HeartCore Inc. (Japan) | 3F, Shirokiji Building, Tokyo | Ordinary | 100%
| Smith Japan Holdings KK | Greenberg Traurig Tokyo Law Offices | Ordinary | 100%
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CONSTELLATION SOFTWARE UK HOLDCO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Subsidiary undertakings (continued)
| Name | Registered office | Class of shares | Holding
| Incentriq Canada Inc. | 140 Yonge Street, Suite 200, Toronto, Ontario M5C 1X6 | Ordinary | 100%
| Inspiretec Ltd. | Inspiretec 3 The Quadrangle, cardiff | Ordinary | 100%
| Snowden Brasil Consultoria Em Mineracao Ltds. | Barão Homem de Melo, 4391, Brazil | Ordinary | 100%
| NEMS AS | Vassbotnen 1, 4313 Sandnes, Ulsberget, Norway | Ordinary | 100%
| TPF Software India Pvt Ltd | Block A, 6th Floor, Unit 601Featherlite, Chennai | Ordinary | 100%
| Tastets System SpA | Avenida Providencia 2330, Oficina 412Providencia, Santiago, Chile | Ordinary | 100%
| IoT Data & Equipments SpA | Dr. Torres Boonen, Santiago, Chile | Ordinary | 100%
| EasyConnect Colombia S.A.S. | Av. Providencia 2653, Oficina 406, Santiago, Chile | Ordinary | 100%
| Galileo Telematics SpA | Carrera 22, 87-84, Bogotá, Colombia | Ordinary | 100%
| TrackTec S.A. | Av. La Dehesa 1822, Torre Sur, Of. 807Lo Barnechea, Santiago, Chile | Ordinary | 100%
| All group companies have principal activities within the software industry. *- Indirect Subsidiary Where the registered address states "Gladstone House" the registered address is Gladstone House, Hithercroft Road, Wallingford, England, OX10 9BT Where the registered address states "Hanover House" the registered address is Hanover House, Queen Charlotte Street, Bristol, England, BS1 4EX Where the registered address states "Stables" the registered address is Stables 1 Howbery Park, Wallingford, Oxon, England, OX10 8BA Where the registered address states "Bowling Mill" the registered address is 3rd Floor West, Bowling Mill, Dean Clough Mills, Halifax, England, HX3 5AX
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