In Q1 2025, the Asseco Group generated sales revenues of PLN 4.6 billion (EUR 1.1 billion), out of which PLN 3.6 billion (EUR 864 million) was made up of sales of its proprietary products and IT services. Operating profit increased by 12% to PLN 470 million (EUR 112 million), and net profit attributable to shareholders of the parent increased by 9% to PLN 136 million (EUR 33 million). The Group increased the scale of its international operations through the acquisition of 8 new companies.
The Group's results are highly diversified, with 88% of sales coming from foreign markets represented by the Asseco International and Formula Systems segments.
Sales revenues in the Asseco Poland segment increased by 7% and amounted to PLN 544 million (EUR 130 million). Sales of the Asseco International segment stood at PLN 1.1 billion (EUR 253 million), up 11% from Q1 2024. The higher revenues in this segment are the result of increased sales of financial solutions within the Asseco South Eastern Europe Group, higher sales to the public sector by Asseco Central Europe companies in the Czech Republic and Slovakia, as well as good sales performance of ERP solutions consolidated under the Asseco Enterprise Solutions Group. The Formula Systems segment, in turn, generated PLN 3.0 billion (EUR 715 million) in revenues - this represents a 7% increase over the same period in 2024. Matrix IT, Sapiens International and Magic Software reported good results, in reporting currencies.
Asseco's consolidated order backlog for 2025, in the area of proprietary software and services, is now worth PLN 12.3 billion (EUR 2.9 billion). It is 10% higher in variable exchange rates and 12% higher in fixed exchange rates - in which the backlog for 2024 was calculated - than in the same period a year ago.
"This is another successful period for Asseco. The Group's stable growth is based on broad diversification of operations - both in terms of product offerings, sectors served and geographic reach. Long-term customer relationships and a significant share of recurring revenues strengthen the resilience of the business and allow Asseco to grow effectively and generate growth at every level of the profit and loss statement. We continue to increase the scale of our operations and are active in M&A. In Q1 2025, 8 companies joined the Group, operating in the Polish, Israeli, Spanish, Egyptian, and US markets. We also have good prospects and backlog for the whole of 2025 in all segments of our business," said Karolina Rzońca-Bajorek, Vice President, CFO of Asseco Poland.
