In the first half of 2025, the Asseco Group generated PLN 9.0 billion in revenues (EUR 2.1 billion), out of which over PLN 7.1 billion (EUR 1.7 billion) came from the sales of its proprietary IT products and services. Operating profit was 13% higher than in the comparable period of 2024 and amounted to PLN 928 million (EUR 220 million), while net profit attributable to shareholders of the parent company, after an increase of 20%, amounted to PLN 282 million (EUR 67 million). The Group expanded the scale of its international operations and was systematically building up its backlog for the coming months.
During the reporting period, the Group developed its operations both in Poland and abroad. Sales revenues in the Asseco Poland segment increased by 13% and amounted to PLN 1.1 billion (EUR 265 million). In this area, numerous digital transformation projects were implemented for the public administration, energy, healthcare, and finance sectors.
The Group's results are highly diversified – 88% of sales come from foreign markets represented by the Formula Systems segment and the Asseco International segment. Asseco International's sales amounted to PLN 2.2 billion (EUR 513 million), which represents an 11% 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 also developed the ERP area, focusing on AI and automation. Sales also increased in the Asseco Central Europe Group, which implemented a number of projects for the public and financial sectors. Thanks to consistent organic growth, supported by acquisitions, the Formula Systems segment recorded revenues of PLN 5.8 billion (EUR 1.4 billion), which is 6% more than in the same period last year.
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 billion). At variable exchange rates, it is 9% higher than in the corresponding period of the previous year, and at fixed exchange rates – at which the backlog for 2024 was converted – it is 10% higher.
It was a very good half-year for Asseco. Our geographical, product, and sector diversification of our business, as well as strong demand for digital solutions, allow us to grow steadily. Our revenues grew by 8% during this period, and our operating profit by 13%, which means that our operating profitability was also higher. In addition, we are systematically building up our backlog, which allows us to look forward to the second half of 2025 with optimism in all segments of our business. We are constantly expanding the scale of our business and are active in the area of M&A. In the first half of 2025, 13 companies operating in Europe, Canada, India, and the Middle East joined the Group," said Karolina Rzońca-Bajorek, Vice President of the Management Board and CFO of Asseco Poland.
In February 2025, the Company signed a conditional agreement to sell 12 318 863 of own shares, representing 14.84% of its share capital, to TSS from the Constellation Group. The execution of the sale agreement is subject to obtaining the required approvals in many countries where the Asseco Group and TSS companies operate.
As we have previously announced, the closing of the transaction is subject to obtaining the relevant approvals from antitrust and regulatory authorities in various countries. Due to the scale of operations of both Asseco and the TSS Group, the procedure involves administrative authorities in several jurisdictions. This is a complex process, further prolonged by the holiday season, when many offices work at a slower pace or are closed. Both parties are actively pursuing the actions within their control to finalize the transaction as soon as possible, but the final closing date depends on the decisions of the relevant institutions and may be postponed. In this case, we see no obstacles related to the extended term of the agreements until all required approvals are obtained," said Marek Panek, Vice President of the Management Board of Asseco Poland responsible for the Group's development.
