Asseco Poland S.A. (ASOZY) Q2 2025 earnings summary

Executive summary

• Achieved 8% year-over-year sales growth to PLN 9.0 billion in H1 2025, with non-IFRS net profit up 23% to PLN 318 million and reported net profit up 20% to PLN 282 million.

• 13 acquisitions completed across multiple regions, supporting strategic growth and expanding product and geographic reach.

• Maintains a large and diversified order backlog, supporting optimism for the remainder of the year.

• All segments contributed to profit growth, with notable increases in non-IFRS EBIT and strong recurring revenues.

• The group operates in 65 countries and employs 34,332 people as of June 2025.

Financial highlights

• Sales revenues: PLN 9,038 million (+8% YoY); proprietary software/services: PLN 7,142 million (+8% YoY).

• Non-IFRS EBITDA: PLN 1,417 million (+12% YoY); Non-IFRS EBIT: PLN 1,122 million (+14% YoY); non-IFRS net profit: PLN 318 million (+23% YoY).

• Operating profit increased to PLN 928.3 million from PLN 824.4 million year-over-year.

• Cash conversion ratio at 102% for the group, with net cash (short-term) of PLN 969 million as of June 30, 2025.

• Basic and diluted EPS rose to PLN 4.14 from PLN 3.45.

Outlook and guidance

• Management expects continued growth in H2 2025, supported by a robust order backlog for proprietary software and services, up 10% to PLN 13,654 million for 2025.

• No significant impact observed from geopolitical events in Ukraine, Russia, or Israel on operations or financials.