Poland · Delayed Price · Currency is PLN ASBISc Enterprises Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 results with 72% revenue growth and $36.3M net profit, driven by AI/data center demand, exclusive Apple distribution in Ukraine, and expansion in Africa. Margins benefited from shortages and price spikes, but normalization is expected as supply stabilizes.
Fiscal Year 2025
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Strong revenue and profit growth in 2025 was driven by Apple and data center components, with significant expansion in retail and new markets. Gross margin and cash flow improved, while memory shortages and AI demand are expected to sustain growth into 2026.
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Q3 saw 29% revenue growth and a 23% rise in net profit, driven by Apple and AI-related sales, with gross margin improving to 7.03%. Expansion in Kazakhstan and new retail initiatives support future growth, while product shortages and geopolitical risks remain key factors.
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Q2 saw 47% revenue growth and net profit doubled year-over-year, driven by strong server and smartphone sales, with Breezy exceeding targets and expansion into new markets. Cash position and dividend payments reached record levels, though uncertainties in Ukraine and Kazakhstan persist.
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Q1 revenue grew 3.3% year-over-year, but net income fell to $7.3 million as gross margin dropped to 7% due to product mix and illicit trade. No full-year forecast was issued amid market uncertainties, but a record $0.50 per share dividend was approved.
Fiscal Year 2024
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Q4 2024 net profit reached $24.6M with an 8% gross margin, driven by strong data center demand and expansion into new markets. Breezy doubled revenue to $50M, and cost rationalization is underway for 2025. Management aims to beat 2024 results despite ongoing geopolitical and regulatory risks.
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Q3 saw a 6% revenue decline and a 57% drop in net profit year-over-year, mainly due to challenges in Kazakhstan and Ukraine, but growth in Poland and other regions offset some losses. Breezy's trade-in business expanded, and the company remains confident in meeting its full-year forecast.
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Q2 saw a 4% revenue drop and 46% lower net income year-over-year, mainly due to illicit trade and credit tightening in Kazakhstan, while other regions grew. SG&A costs peaked but are expected to improve, and the company remains confident in meeting full-year forecasts.