Asseco Business Solutions (ABS) Q3 2025 earnings summary

Executive summary

• Operating revenues for the nine months ended 30 September 2025 increased by 8.8% year-over-year to PLN 329.4 million, driven by higher sales of proprietary products in both domestic and foreign markets.

• Net profit attributable to shareholders rose 12.2% year-over-year to PLN 83.9 million after Q3 2025, reflecting improved sales and cost management.

• Backlog at the end of Q3 2025 rose 9.4% year-over-year to PLN 408.6 million, supporting future sales.

• The Group acquired a 60% stake in Tax Order Sp. z o.o., consolidating it from March 2025, which contributed to an increase in goodwill.

Financial highlights

• EBITDA grew 6.4% year-over-year to PLN 120.7 million after Q3 2025.

• EBIT increased 8.6% year-over-year to PLN 113.4 million after Q3 2025; EBIT for the nine months was PLN 90.6 million.

• Q3 2025 standalone revenue was PLN 115.8 million, up 14.0% from Q3 2024.

• Q3 2025 net profit was PLN 33.1 million, up 19.6% from Q3 2024.

• Gross margin on sales improved to 41.7% from 40.6% year-over-year; net margin increased to 25.4% from 24.7%.

Outlook and guidance

• Backlog for 2025 covers 95.2% of 2024 sales, indicating strong revenue visibility.

• Management considers the Group’s financial situation stable, with strong production potential and market position.

• Key risks for the next quarter include geopolitical developments, regulatory changes, competition, labor costs, and IT market investment cycles.