Poland · Delayed Price · Currency is PLN Asseco Poland Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw robust 9% revenue growth and margin expansion, driven by strong performance in proprietary software, public sector, and banking, with significant backlog growth and high net cash. Some results were boosted by one-offs, but recurring revenue streams and a strong pipeline support optimism for the year.
Fiscal Year 2025
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Record net profit and double-digit revenue growth were achieved, driven by organic expansion and the Sapiens sale. Strong cash flow supports a higher-than-expected dividend, while selective M&A and AI integration remain strategic priorities.
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Revenue grew 11% year-over-year to PLN 12.3 billion, with strong profitability and dynamic growth in finance, public administration, and ERP segments. Exclusion of Sapiens and several one-offs impacted results, while a robust backlog and ongoing efficiency improvements support an optimistic outlook for 2026.
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H1 2025 saw robust growth with revenue up 8% and net profit up 23% year-over-year, driven by proprietary software, strong public sector demand, and 13 acquisitions. Profitability and cash flow improved across all segments, with a positive outlook supported by a large order backlog.
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Q1 2025 delivered robust growth with sales up 8% and net profit up 9% year-over-year, driven by strong performance across all segments and successful M&A activity. Margins improved, cash conversion remained high, and the backlog reached PLN 12.5 billion.
Fiscal Year 2024
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Record net profit and sales were achieved despite currency headwinds and higher tax rates, with strong growth across all segments and continued acquisition activity. Dividend payout is set to rise, and the order backlog for 2025 signals further growth.
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Revenue and profit grew year-over-year, driven by strong performance in finance, public, and ERP segments, with 11 acquisitions supporting expansion. Currency headwinds and higher interest costs were offset by efficiency gains and real estate sales. Backlog and outlook remain robust.
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H1 2024 delivered 6% profit growth (ex-FX), stable sales at PLN 8.4B, and a 7% higher order backlog. Seven acquisitions expanded reach, while strong performance in finance, public, and payments segments offset currency and interest headwinds.