ASBISc Enterprises (ASB) investor relations material

Executive summary

• Achieved a record-breaking Q1 2026 with revenue up 72% year-over-year to $1,269 million and net profit of $36.5 million, marking the best quarter in company history.

• Earnings per share rose to $0.66 from $0.13 year-over-year.

• Expansion included full integration of 13 Samsung stores in Poland and new investments in Ghana and Ivory Coast, with plans for broader West African markets.

• The company is transitioning from a regional to a global player, with a strong presence in Europe, Africa, and the U.S.

• Total comprehensive income for the period was $35.1 million, compared to $10.5 million in Q1 2025.

Financial highlights

• Revenue reached $1,268.5 million in Q1 2026, up from $736.4 million in Q1 2025 (+72% YoY).

• Gross profit increased to $109.4 million (+112% YoY), with gross margin at 8.62%.

• Net profit after tax was $36.5 million, with net margin at 2.86% and effective tax rate near 20%.

• Operating profit rose to $54.5 million from $16.4 million in Q1 2025.

• Cash from operations was -$20.3 million, improved from -$58.7 million last year.

Outlook and guidance

• Management expects continued strong demand, especially in AI and data center components, with a robust project pipeline and backlog.

• Gross margins may normalize as shortages ease, but product bundling and higher-margin products are expected to support profitability.

• Expansion in Africa is expected to add $50 million in revenue in the second half of the year, with further growth anticipated from surrounding markets.

• Revenue and profitability are typically lower in the first half due to seasonality, with stronger performance expected in the second half.

• Aims for positive cash from operating activities for full year 2026.