ASBIS POSTS RECORD USD 3.9 BILLION REVENUE IN 2025 ON AI BOOM

The Group also delivered dynamic financial growth compared to Q4 2024. Revenues in Q4 2025 rose 35% to USD 1.2 billion (PLN 4.5 billion). Net profit reached USD 29.2 million (PLN 106.3 million), up 19% year-over-year.

For full-year 2025 (Q1-Q4), sales revenues grew 28% to a record USD 3.9 billion (PLN 14.5 billion), while net profit increased 11% to USD 60.2 million (PLN 225.9 million).

OTHER IMPORTANT EVENTS IN Q4 2025:

• Kazakhstan was ASBIS Group's largest sales market, with significant growth
• CIS region maintained the largest revenue share (over 41%).
• Poland ranked 7th among ASBIS Group's top 10 sales countries, with revenues near USD 61.2 million (up 43.5% YoY).
• ASBIS continued its dividend policy, paying an interim dividend in November 2025 of USD 0.20 per share from 2025 profits.
• Group entered the US market, opening the world's largest Bang & Olufsen flagship showroom in San Francisco.
•  ASBIS opened a new iSpace Apple store in Moldova; now sells Apple products in 11 countries with 32 iSpace stores.

Serhei Kostevitch, CEO of ASBIS Group, commented: "We closed Q4 2025 in a truly spectacular style. In our view, it was very strong both in revenues and profitability. In each month of Q4 2025, ASBIS achieved dynamic double-digit sales growth, breaking successive records. In December, we surpassed USD 500 million in monthly revenues, proving our Company's incredible ability to face - and even overcome - the toughest sales challenges. Such strong results were possible thanks to the ongoing AI server and data center boom across all our markets, accompanied by very high demand for related components, especially memory modules and storage. In Q4 2025, we expanded into the United States and officially opened the first Bang & Olufsen showroom in San Francisco — the world's largest flagship store of this brand. This opening marks the first step in our ambitious strategy to expand Bang & Olufsen in California. In 2026, the Group plans to open and manage additional stores of B&O — in Los Angeles and Palo Alto."

Serhei Kostevitch added: “In summary, 2025 was a very good year for us. We confirmed our high determination to expand the Company, strengthen its foundations, and deliver dynamic growth. We are also growing rapidly in new markets, proving the validity of our strategy. This year has started very well for us; we see continued spending on AI infrastructure, and our local subsidiaries are seizing the  opportunities and bid on all AI projects. which are now happening in every country of our operations.”

FINANCIAL RESULTS  

A summary of the financial results of the ASBIS Group in the four quarters of 2025 and FY 2025 is presented in the tables below (presentation of the results are in USD and in the table below in PLN). USD remains the official reporting currency of the Group.

Financial results of the Group in Q4 and Q1-Q4 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 had the largest share in the Group's revenues. This has not changed either in Q4 2025 or for the full-year 2025 (Q1-Q4).

In Q4 2025 and the twelve months of 2025, revenues from the CIS region grew by 28.8% and 11.1%, respectively, compared to the corresponding periods in 2024. At the same time, Central and Eastern Europe and other major regions recorded significantly higher growth.

Geographical structure of ASBIS sales in Q1-Q4 2025 and 2024  

SALES BY COUNTRY 

The country-by-country analysis confirms the excellent growth rates achieved by the Group across all major operating countries in Q4 2025. The solid growth in the CIS region was mainly due to significant improvements in Kazakhstan (+27.0% in Q4 2025), Ukraine (+32.3% in Q4 2025), and Azerbaijan (+40.8% in Q4 2025). Sales growth in the CIS region was driven primarily by the execution of large AI server contracts, but also by a strong rebound in smartphone sales.

Kazakhstan remained the Group's largest market, generating revenues of USD 528.9 million over the twelve months of 2025. The United Arab Emirates, the second-largest market, recorded a 29.4% growth in 2025, reaching revenues of USD 428.5 million. Despite the continuation of the war, Ukraine posted a strong growth in Q4 2025, up 32.3% year-over-year.

Poland delivered further dynamic sales growth both in Q4 2025 and for the full-year 2025, with revenues of USD 61.2 million in Q4 2025 (up 43.5% in Q4 2025) and USD 194.4 million in 2025 (up 31.6% in 2025), compared to the corresponding periods in 2024. The best-selling product categories in Poland were processors, hard drives, and SSD drives.

Revenue breakdown – Top 10 countries in the Q1-Q4 2025 and 2024 (USD thousand)