AI BOOM ELEVATES ASBIS TO BEST QUARTER IN ITS HISTORY

During the period, ASBIS achieved a strong gross profit margin expansion to 8.62%, up from 7.0% in Q1 2025 and 7.88% in Q4 2025. The margin improvement was driven by robust demand for AI infrastructure products, supply limitations in specific product segments, enhanced product offering, and the Group's increased capacity to sell more products through existing channels.

OTHER IMPORTANT EVENTS IN Q1 2026:

• Geographic Sales Structure:
  • The CIS region maintained the largest share of Group revenues (over 39%).
  • Ukraine was the largest country by sales within the ASBIS Group.
  • Poland ranked 7th among the Group's top 10 sales countries with revenues of USD 66 million (up 63% year-on-year).

• Record Dividend – ASBIS continued its dividend policy. On May 6^th, 2026, the Shareholders' Meeting resolved to pay a final dividend for 2025 of USD 0.35 per share. Combined with the interim dividend of USD 0.20 per share paid in November 2025, the total dividend from 2025 profits will amount to USD 0.55 per share.

• ASBIS successfully integrated the Samsung stores network with its own systems. The integration process ensures unified financial reporting, centralized inventory management, and harmonized retail operations.

Serhei Kostevitch, CEO of ASBIS Group, commented: "We have completed the best quarter in our history. Not only the best Q1, but the best quarter since our inception. Once again, we have proven our strength and ability to adapt to new market conditions and seize all emerging opportunities. We believe that extensive investments in AI infrastructure will remain the key growth driver in 2026 and beyond. We see attractive development opportunities in new African markets such as Algeria, Ghana and Côte d'Ivoire, as well as in the Saudi Arabian market. We plan additional investments in further developing Breezy our trade-in business, which is already performing very well and our own brands. We look forward to the coming months of 2026 with confidence and optimism."

FINANCIAL RESULTS

A summary of the financial results of the ASBIS Group for the first quarter of 2026 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 Q1 2026

USD million

PLN million

DETAILED SALES DATA

SALES BY REGION

The Commonwealth of Independent States (CIS) and Central and Eastern Europe (CEE) regions traditionally account for the largest share of Group revenues, and this remained unchanged for the reporting period.

In Q1 2026, CIS region revenues surged 123.1% year-on-year. Central and Eastern Europe, along with Western Europe and other regions, also recorded growth, while the Middle East and Africa region saw a decline, mostly due to the ongoing Middle East conflict.

Geographical structure of ASBIS sales in Q1 2026

SALES BY COUNTRY

Country-by-country analysis shows excellent growth rates across many of ASBIS Group's key markets.

Ukraine became the Group's largest market despite the ongoing war and intense Russian attacks, generating revenues of USD 178.8 million for Q1 2026 revenues, up 168.4% year-on-year. Kazakhstan (now the Group's number two market) grew 86.0% year-on-year for Q1 2026, driven primarily by sales of  smartphones and AI Server components.  

Poland delivered another strong performance with 63% growth year-on-year in Q1 2026. The best-selling product categories in Poland were processors, hard drives, and SSDs.

The TOP5 countries with the highest sales growth in Q1 2026 were:

• Taiwan: +1992%
• Netherlands: +385%
• Ukraine: +168%
• Azerbaijan: +120%
• Kazakhstan: +86%

Revenue breakdown – Top 10 countries in Q1 2026 (USD thousand)