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Asseco Poland S.A. (ASOZY) investor relations material
Asseco Poland S.A. Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales revenue grew 11% year-over-year to PLN 12.3 billion for the first nine months of 2025, with non-IFRS operating profit up 18% to PLN 1.4 billion and non-IFRS net profit up 29% to PLN 516 million; reported net profit rose 23% to PLN 453 million.
Proprietary software and services accounted for 76% of total sales, with strong performance in finance, public administration, and ERP sectors.
Profitability improved, with non-IFRS margin close to 12%, driven by proprietary software and services and strong performance across core sectors and geographies.
Strategic focus on diversification, proprietary products, and expansion in cloud, cybersecurity, defense, and AI continues to support growth.
Order backlog for 2025 increased by 13% to over PLN 12 billion, supporting an optimistic outlook for 2026.
Financial highlights
EBITDA reached PLN 1,847 million (+15%), EBIT at PLN 1,445 million (+18%), and net profit at PLN 516 million (+29%).
Organic revenue growth exceeded PLN 1 billion, with acquisitions contributing PLN 355 million.
Cash conversion ratio at 112% for the group, with free cash flow for the last twelve months at PLN 2,060 million.
Negative FX impact of PLN 135 million, with one-off items including real property sales and tax effects.
Basic and diluted EPS was PLN 6.65, up from PLN 5.41 in the prior year.
Outlook and guidance
Backlog for proprietary software and services exceeds PLN 12 billion, up 13% year-over-year, with strong growth in Asseco Poland and International segments.
Optimistic outlook for 2026, supported by a robust backlog and ongoing projects; focus on contract execution and efficiency improvements.
No significant threats to continued operations or development are foreseen for the next 12 months.
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