Asseco Business Solutions (ABS) H1 2025 earnings summary

Executive summary

• Operating revenues for the six months ended 30 June 2025 increased to PLN 213.7 million, up 6.2% year-over-year, with net profit rising to PLN 50.7 million, a 7.6% increase from the prior year.

• The ERP systems segment accounted for over 96% of total revenues, with no single customer exceeding 10% of sales.

• Acquisition of a 60% stake in Tax Order Sp. z o.o. was completed, adding PLN 648 thousand in goodwill.

• Dividend of PLN 3.30 per share was paid in June 2025, totaling PLN 110.3 million.

Financial highlights

• Operating profit for H1 2025 reached PLN 54.7 million, up from PLN 52.7 million year-over-year.

• Net cash from operating activities was PLN 68.2 million, with cash and equivalents dropping to PLN 2.3 million at period end.

• Net profit per share increased to PLN 1.54 from PLN 1.41 year-over-year.

• Effective tax rate decreased to 7.8% from 11.8% in the prior year.

• Total assets stood at PLN 474.0 million, with equity at PLN 335.8 million as of 30 June 2025.

Outlook and guidance

• Management notes moderate seasonality, with strongest ERP sales in Q4.

• No direct impact from the war in Ukraine, but ongoing geopolitical risks could affect future results.

• No significant post-balance sheet events reported up to 5 August 2025.