ASBIS in Q3 2025: the company continues its dynamic growth through AI development and strong product portfolio

In the period from Q1 to Q3 2025, the Group's revenues increased by 26%, exceeding USD 2.6 billion (PLN 9.9 billion), while net profit was 5% higher, amounting to USD 31.1 million (PLN 117.6 million).

For nearly a decade, ASBIS has consistently shared profits with shareholders, paying out over 130 million USD in dividends. On November 5, 2025, the Board of Directors decided to pay an interim dividend for the 2025 profit of 0.20 USD per share. The record date for shareholders entitled to the interim dividend was set for November 17, 2025, and the payment date was scheduled for November 27, 2025.

OTHER IMPORTANT EVENTS IN Q3 2025:

• The largest country by sales for ASBIS was Kazakhstan, while the CIS region maintained the largest share in the Group's revenues (34%).

• Poland ranked 5th among the countries with the highest sales, with revenues close to USD 49.4 million (an increase of 14% compared to the same period last year).

• ASBIS completed the due diligence process before signing the acquisition agreement for the Samsung Brand Store network in Poland.

• ASBIS completed the construction of a new logistics warehouse in Kazakhstan, covering 20,000 m2, increasing its warehouse space by 20%.

• The Group acquired 100% of the shares in the Czech company CPT Praha, a significant distributor of premium audio products in the Czech Republic. 

• ASBIS signed an investment agreement with the dynamically developing American-Swiss tech start-up RobotiFAI. This is one of the world’s first solutions using the latest technologies, including artificial intelligence (AI), for the full automation of financial processes in enterprises. 

Serhei Kostevitch, CEO of ASBIS Group, commented: " We consider the third quarter of 2025 to be very successful, both in terms of revenues and profitability. In each month of the third quarter of 2025, ASBIS continued strong double-digit sales growth, breaking record after record. It is worth emphasizing that the significant year-on-year growth was due not only to the ongoing boom in AI server and data center components but also to smartphone sales, which in the third quarter were the best in our history. We also recorded very good sales of both the latest and older iPhone models in all markets where we operate as an authorized Apple product distributor. At the end of September 2025, Apple's new products were launched, to which our customers responded positively and placed significant orders. For this reason, we expect a positive and strong impact on our revenues in the coming months.” 

Serhei Kostevitch added: “Looking to the future, we are very optimistic about the fourth quarter of 2025. We believe the sales growth trend will continue, following the boom in AI infrastructure and data centers, which will allow us to achieve good results. We plan further expansion in Africa, particularly in Ghana and Ivory Coast, while strengthening our position in Central and Eastern Europe. We also have great expectations for Breezy, which is already developing very well. Breezy currently operates in nine countries, using support from a robotic line based on artificial intelligence (AI) for the classification and refurbishment of used smartphones in Poland, with the capacity to classify about one million devices annually and refurbish about 320,000 smartphones.”

FINANCIAL RESULTS

A summary of the financial results of the ASBIS Group for Q3 2025 and Q1-3 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 Q3 and Q1-3 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 third quarter of 2025 and the first nine months of 2025.

In the third quarter of 2025, sales in the CIS and Central and Eastern Europe regions increased by 18.4% and 24.7%, respectively. Sales in the nine-month period of 2025 in the CIS and Central and Eastern Europe regions also increased by 2.9% and 27.5%, respectively. Due to these changes and the fact that other regions of our operations recorded even higher growth, the CIS region's share in our total revenues fell to 34.03% in the nine months of 2025 from 41.54% compared to the same period in 2024.   

Geographical structure of ASBIS sales in Q3 2025 and Q3 2024 (USD thousand) 

SALES BY COUNTRY

Country-by-country analysis confirms the excellent growth rates the Group achieved in all major countries of operation in the third quarter of 2025.

The significant growth in the CIS region was mainly due to substantial improvements in Kazakhstan (+23.5% in Q3 2025), Ukraine (+9.3% in Q3 2025), and Azerbaijan (+18.4% in Q3 2025). Product sales growth in the CIS region was primarily driven by:

• the execution of large server contracts in the artificial intelligence sector
• a rebound in smartphone sales due to improving market conditions.

Kazakhstan once again became the Group's largest market, generating revenues of USD 342.0 million in the first nine months of 2025. The United Arab Emirates, the second-largest market, recorded a 32% increase in the first nine months of 2025, reaching revenues of nearly USD 340 million. Despite the ongoing escalation of military actions in Ukraine, the Group achieved a 9.3% growth in Q3 2025 compared to the previous year. 

Poland continues its dynamic growth. In both Q3 2025 and the nine-month period of 2025, Poland achieved high revenues (+13.7%) and (+26.8%) compared to the corresponding periods in 2024. The best-selling product categories in Poland were processors, hard drives, SSDs, and networking products. 

Among the top 10 countries by sales, Taiwan appeared for the first time due to the implementation of projects in large data centers.          

Revenue breakdown – Top 10 countries in the Q3 2025 and Q3 2024 (USD thousand)