ASBIS in Q1 2025: USD 736.4m record revenues, net profit impacted by adverse market conditions

Limassol-headquartered ASBISC ENTERPRISES PLC, a leading Value Add Distributor, developer, and provider of ICT, IoT products, Robotic solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), closed a record quarter in terms of revenues.

According to a relevant press release, ASBIS generated sales revenues of USD 736.4 million (PLN 2.9 billion) in Q1 2025. In the same period, the Group's net profit amounted to USD 7.3 million (PLN 29.5 million). Despite very high revenues, the Company's profitability was influenced by unfavourable market factors, such as the grey market in Kazakhstan and the ongoing war in Ukraine.

Other important events in 1Q2025:

• The largest country in terms of sales was the United Arab Emirates, while the CIS countries maintained the largest share in the Group's revenues (over 30%).
• Poland ranked 6th among the countries with the highest sales,  with revenues of over USD 40.5 million (an increase of 42% compared to the same period last year).
• The General Meeting of Shareholders adopted a resolution on the payment of the final dividend for 2024 in the amount of USD 0.30 per share. Thus, the total dividend from the Company's profits for 2024 (including the interim dividend paid in December 2024) amounted to USD 0.50 per share - which is equal to the highest dividend paid to shareholders in the history of ASBIS.
• ASBIS has expanded its product portfolio with the following companies: iLera (controls 65% of the iPhone screen protection market), Arctic Wolf (specializes in providing cybersecurity systems for companies), StorONE (data storage software for large enterprises).
• Breezy, a subsidiary of the ASBIS Group, specializing in the modernization and remarketing of used digital devices, has started operations in the Republic of South Africa. The Company has decided to enter a new market in a franchise format for the first time.

Serhei Kostevitch, CEO of ASBIS Group, commented, "The first quarter of 2025 was very challenging for our Group. Despite ongoing difficulties in our key markets, we were able to generate record-high revenues. In Kazakhstan, we continue to face illegal imports of Apple products, while in Ukraine, the ongoing war is affecting our sales. It is worth noting that in February and March 2025, we managed to break our monthly sales records.

However, we recorded a decline in gross profit margin, which, in addition to the factors already mentioned, was also impacted by lower prices from our main supplier and increased sales of business projects with lower margins. We expect an improvement in gross profit margin in the coming quarters of 2025."

Serhei Kostevitch added, “For the eighth consecutive year, we are paying a dividend to our shareholders. ASBIS is in a stable financial position, which is why shareholders will receive a dividend at the same level as last year, the highest we have paid to date. We intend to continue our dividend policy in the coming years.”