Asseco Business Solutions (ABS) Q1 2026 earnings summary

Executive summary

• Achieved strong financial growth in Q1 2026 with revenue up 20.6% to PLN 130.3M, EBITDA up 44.3% to PLN 57.7M, EBIT up 54.2% to PLN 46.6M, and net profit up 51.4% to PLN 43.0M year-over-year, driven by higher sales of proprietary products in both domestic and foreign markets.

• Maintained high profitability margins and robust cash position at quarter-end.

Financial highlights

• Gross margin on sales improved to 48.0% from 42.1% year-over-year.

• Net profit margin increased to 33.0% from 26.3% in Q1 2025.

• Working capital rose to PLN 87,416 thousand, with a current ratio of 2.06.

• Cash and cash equivalents at period end were PLN 85.3M, up from PLN 80.6M at year-end 2025.

• No bank loans or credit debt as of 31 March 2026.

Outlook and guidance

• Backlog at end of Q1 2026 was PLN 395.3M, up 14.5% from prior year, supporting future revenue visibility.

• Management considers the financial situation stable and production potential strong, but notes ongoing monitoring of geopolitical risks.

• External risks include the Ukraine and Middle East conflicts, energy prices, interest rates, and client investment sentiment.

• Internal focus remains on product quality, adaptability, and talent retention.