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Asseco Poland SAUPDATE: Asseco Poland posts PLN 145.9 mln net profit in Q2
Listed IT group Asseco Poland posted PLN 145.9million (EUR 34.3 mln) attributable net profit in the second quarter of 2025, above market expectations for a PLN 131.9 million (EUR 30.9 mln) net take, the company said in a market filing.
Throughout the first half of 2025, the Asseco Group generated PLN 9 billion (EUR 2.1 bln) in sales revenues, of which over PLN 7.1 billion (EUR 1.7 bln) came from the sale of its own IT products and services.
Operating profit was 13 percent higher than in the comparable period of 2024 and amounted to PLN 928 million (EUR 217.9 mln), while attributable net profit, after an increase of 20 percent, amounted to PLN 282 million (EUR 66.2 mln). The group increased the scale of its international operations and systematically built up its backlog for the coming months.
It was reported that the group developed its activities both in Poland and abroad. Sales revenues in the Asseco Poland segment increased by 13 percent and amounted to PLN 1.1 billion (EUR 258.3 mln). In this area, digital transformation projects were implemented for the public administration, energy, healthcare and finance sectors.
The press release indicated that the group's results are highly diversified, with 88 percent of sales coming from foreign markets represented by the Formula Systems and Asseco International segments. Asseco International's sales amounted to PLN 2.2 billion (EUR 516.6 mln), which represents an 11 percent increase compared to the first half of 2024. This segment saw dynamic growth in revenues from payment solutions in the Asseco South Eastern Europe Group.
Asseco's consolidated order backlog for 2025, in the area of proprietary software and services, is currently valued at PLN 13.5 billion (EUR 3.2 bln). At variable exchange rates, it is 9 percent higher, and at fixed exchange rates – at which the backlog for 2024 was converted – it is 10 percent higher than in the corresponding period of the previous year.
Below are the Asseco Poland results for the second quarter of 2025 against the PAP Biznes consensus:
| 2Q2025 | results | consensus | difference | y/y | q/q | YTD 2025 | y/y |
| Revenues | 4460.6 | 4518.9 | -1.3% | 7.6% | -2.5% | 9037.5 | 7.6% |
| EBITDA | 676.6 | 669.6 | 1.0% | 12.0% | -0.9% | 1359.5 | 10.5% |
| EBIT | 458.2 | 452.8 | 1.2% | 13.4% | -2.5% | 928.3 | 12.6% |
| Attrib. net profit | 145.9 | 131.9 | 10.6% | 32.6% | 7.1% | 282.1 | 19.9% |
| EBITDA margin | 15.2% | 14.8% | 0.35 | 0.61 | 0.25 | 15.04% | 0.40 |
| EBIT margin | 10.3% | 10.0% | 0.25 | 0.53 | 0.00 | 10.27% | 0.45 |
| net margin | 3.3% | 2.9% | 0.35 | 0.62 | 0.30 | 3.12% | 0.32 |
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