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Asseco BS SAAsseco Business Solutions IT has PLN 374.8 mln backlog at end-H1 2025
Listed IT group Asseco's unit, Asseco Business Solutions, has a backlog of PLN 374.8 million (EUR 87.6 mln), CFO Mariusz Lizon announced during the conference on its financial results. He added that the impact of mandatory National e-Invoice System KSeF on the company's revenues will be visible in the third or fourth quarter of 2025.
"We are facing a major project that will affect all our customers (...), namely the implementation of mandatory National e-Invoice System KSeF. The effect of KSeF in terms of revenue at Asseco BS will already be visible in the fourth quarter, and we even think it will be visible in the third quarter. (...) Then, of course, the backlog will also increase," said CFO Lizon.
"For us, this is obviously a potential source of additional revenue," he added.
Asseco BS' CFO pointed out that the company had launched a photovoltaic farm – the construction project was carried out from May 2024 to January 2025. The farm is located near Zamosc and has a capacity of nearly 1 MW.
"The project was launched in February 2025. The second stage, this is the expansion by another 0.7 MW, is planned for 2026," CFO said.
Asseco Business Solutions said it had a net profit of PLN 22.3 million (EUR 5.2 mln) in the second quarter 2025, while the PAP Biznes consensus forecast was PLN 25.7 million (EUR 6 mln). Revenues in this period amounted to PLN 105.6 million (EUR 24.7 mln) compared to the consensus of PLN 107.9 million (EUR 25.2 mln). EBITDA amounted to PLN 34.4 million (EUR 8 mln), while the consensus assumed PLN 38.5 million (EUR 9 mln).
In the first half of 2025, operating revenues amounted to PLN 213.67 million (EUR 49.9 mln), up 6.1 percent year on year. It was indicated that the increase in revenues resulted from improved sales of Asseco BS products both on the domestic and foreign markets.
"The increase in sales had an impact on operating costs. Basic operating costs (excluding the value of resold goods, materials and external services - COGS) were 9.3 percent higher than in the comparable period," the report states.
The net profit of the Asseco BS group generated in the first half of 2025 amounted to PLN 50.7 million (EUR 11.9 mln) against PLN 47.1 million (EUR 11 mln) in the prior year period, an increase of 7.6 percent. EBITDA increased by 2.8 percent from PLN 72.3 million (EUR 16.9 mln) to PLN 74.4 million (EUR 17.4 mln).
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