Asseco Poland S.A. (ASOZY) Q4 2025 earnings summary

Executive summary

• Sales revenues reached PLN 16,780 million in 2025, up 12% year-over-year, with operating profit at PLN 1,615 million (+11%) and net profit at PLN 1,139 million (+119%).

• Strong growth across all major product groups and operating segments, with significant contributions from proprietary software and services.

• Major acquisitions in Q1 2026 expanded capabilities in IT outsourcing, cloud, payments, and infrastructure.

Financial highlights

• Non-IFRS EBITDA rose 16% to PLN 2,571 million; Non-IFRS EBIT increased 20% to PLN 2,037 million.

• Non-IFRS net profit attributable to shareholders grew 29% to PLN 742 million.

• Free cash flow before tax was PLN 2,486 million, with a cash conversion ratio of 122%.

• Cash position at year-end was PLN 7,246 million, with net cash (ST+LT) of PLN 3,937 million.

Outlook and guidance

• Order backlog for 2026 stands at PLN 10,832 million (+13% YoY at fixed FX), representing 86% of 2025 revenues.

• Management recommends a dividend of PLN 13.05 per share for 2025, totaling PLN 1,051 million (DY: 7.7%).

• Growth prospects supported by sector expertise, proprietary software, and AI integration.