ASBIS IN Q2 2025: RECORD REVENUES AND DOUBLING OF NET PROFIT; POSITIVE OUTLOOK FOR THE COMING MONTHS

In the first half of 2025, the Group's sales revenues reached close to USD 1.7 billion (PLN 6.5 billion), while net profit amounted to USD 19.4 million (PLN 74.7 million).

OTHER IMPORTANT EVENTS IN Q2 2025:

• The largest country by sales for ASBIS was Kazakhstan, while the CIS region maintained the largest share in the Group's revenues (close to 34%).
• Poland ranked 7th among the countries with the highest sales, with revenues close to USD 43.4 million (an increase of 31% compared to the same period last year).
• In the second quarter of 2025, the Group paid a final dividend of USD 0.30 per share. Together with the interim dividend paid in December 2024, the total dividend from 2024 profits amounted to USD 0.50 per share, which is the highest dividend paid to shareholders in ASBIS's history (equal to the dividend paid for 2023).
• ASBIS has signed a letter of intent, commencing procedures for the acquisition of the Samsung Brand Store chain in Poland. The transaction is expected to close by the end of 2025.
• ASBIS has expanded its product portfolio with the following companies: Midea (air conditioners), Royal Kludge (specializing in high-quality mechanical gaming keyboards), and Klipsch (a leading global manufacturer of high-quality audio solutions). The Group also expanded its agreement with Logitech to South Africa.
• Breezy, a subsidiary of the ASBIS Group specializing in the modernization and remarketing of used digital devices, has signed an agreement with Nedbank, one of the largest financial services groups in Africa. Under this agreement, the Company will provide trade-in solutions to the Avo Super Shop platform, owned by Nedbank and currently serving nearly 3 million customers.

Serhei Kostevitch, CEO of ASBIS Group, commented: "Both the second quarter and the first half of this year were the best in terms of revenue in our entire history. In the second quarter of 2025, we achieved a very dynamic growth in financial results. Our net profit practically doubled, and revenues were 47% higher than last year’s. It is also worth emphasizing that in every month of the second quarter of 2025, our sales grew dynamically, setting new records. This was despite seasonal slowdown and ongoing challenges in our key markets, such as Kazakhstan and Ukraine (mainly related to unauthorized and illegal imports and the ongoing large-scale war), as well as a significant escalation of the crisis in the Middle East. This demonstrates the strength of ASBIS and our motivation to deliver further growth in results.”

Serhei Kostevitch added: “In summary, considering the overall geopolitical uncertainty, we evaluate the Group's results for the second quarter of 2025 and the first half of 2025 as very satisfactory. We are optimistic about the second half of this year. We believe that the sales growth trend will continue alongside the AI infrastructure and data center boom, allowing us to achieve very good results. We plan further expansion in Africa and Western Europe, while strengthening our position in Central and Eastern Europe. We also have high expectations for Breezy, which is already developing very well.”

FINANCIAL RESULTS

A summary of the financial results of the ASBIS Group for Q2 2025 and H1 2025 compared to the same periods of the previous year is presented in the tables below (presentation of results in USD and in the table below, illustratively, in PLN). USD remains the official reporting currency of the Group.

Financial results of the Group in Q2 and H1 of years 2025 and 2024

USD million

PLN million

DETAILED SALES DATA

SALES BY REGION

The Commonwealth of Independent States ("CIS") and Central and Eastern Europe regions have traditionally accounted for the largest share of the Group's revenue. This remained unchanged in the second quarter of 2025 and the first half of 2025.

In the first half of 2025, revenues from the CIS region decreased by 4.9%, but in the second quarter of 2025 increased by 32.3% compared to the same periods in 2024. This is the result of the Company's efforts to diversify revenues in these markets through the implementation of significant projects.

Simultaneously, sales in Central and Eastern Europe, the Middle East and Africa, Western Europe, and other regions significantly increased.

As a result, the share of certain regions – such as the CIS region – in the Company's total revenue for Q2 2025 and H1 2025 changed compared to the same periods in 2024. The CIS region's share decreased in both Q2 2025 and H1 2025, to 33.89% (from 37.64% in Q2 2024) and 32.31% (from 42.16% in H1 2024). The Middle East and Africa region's share increased in both Q2 2025 and H1 2025, to 19.05% (from 17.57% in Q2 2024) and 21.88% (from 17.28% in H1 2024), respectively. The share of the Western Europe region also increased to 16.74% (from 13.91% in Q2 2024) and 14.81% (from 11.63% in H1 2024).

Geographical structure of ASBIS sales in Q2 2025 and Q2 2024 (USD thousand)

 SALES BY COUNTRY

Country-by-country analysis confirms the growth the Group achieved in all major countries of operation in Q2 2025. Significant growth in the CIS region was achieved in two key markets: Kazakhstan (+59% in Q2 2025) and Azerbaijan (+36.7% in Q2 2025). This was primarily due to the implementation of large server contracts in the artificial intelligence sector and a visible rebound in smartphone sales.

Despite further escalation of hostilities in Ukraine in Q2 2025, the Group achieved an 11.3% year-on-year sales increase.

The United Arab Emirates remained the Group's largest market, generating revenues of $246.9 million in the first half of 2025, representing a 46.6% year-on-year increase.

Poland is experiencing dynamic growth, doubling its operations month-on-month and year-on-year. In both the second quarter and the first half of 2025, Poland recorded a significant growth (+31.0% and +36.1% respectively), as compared to the same periods in 2024. The best-selling product categories in Poland were processors, networking products and hard drives.

Countries with the largest sales growth in Q2 2025:

• South Africa - a growth of 337%
• Netherlands - a growth of 181%
• Slovakia - a growth of 65%
• Kazakhstan - a growth of 59%
• United Arab Emirates - a growth of 50%

Revenue breakdown – Top 10 countries in the Q2 2025 and 2024 (USD thousand) 

For additional information, please contact:

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992
E-mail iwona.mojsiuszko@8sensepr.pl

ABOUT ASBIS (WSE:ASB)

ASBIS Group is a leading Value Add Distributor, developer, and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA) with local operations in Central and Eastern Europe, the Baltic republics, the Commonwealth of Independent States (CIS), the Middle East and North Africa.

The business of ASBIS is based on three pillars:

1.     Distribution of hardware and software for Client Computing and Data Centers, consumer electronics through:

• Retail chains and e-tailers
• Resellers to small and medium business
• Large enterprises. 

2.     Full stack in creation of world class products. From scientific research and development to design and engineering, firmware, and software, production, and marketing of IT and IoT products and solutions via own brands: 

• AENO (small home appliances). 
• Canyon (smart watches, power banks, accessories for computers and mobile devices) 
• Lorgar (accessories for gaming and streaming) 
• Prestigio (smart premium devices and accessories) 
• Prestigio Solutions (innovative technological solutions for business and education)

3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers.

ASBIS was founded in 1990, since 1995 operates from Cyprus. Company has two main distribution centers in the world located in the Czech Republic and the United Arab Emirates and two regional distribution centers (Georgia, South Africa), subsidiaries in 34 countries, around 2,700 employees and about, 20 000 active customers in 60 countries worldwide. In 2024, the Group delivered sales of USD 3 billion.

The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS).

For more news and information visit: www.asbis.com