Asbisc Enterprises Plc · GPW:ASB
Asbisc Enterprises — Q4 2025 Earnings Presentation
30 slides from Asbisc Enterprises's earnings presentation, Feb 26, 2026
Slide 1: Q4 and 12M 2025 Presentation
Q4 and 12M 2025 Presentation WHAT A QUARTER! WHAT A YEAR! 26 February 2026
Slide 2: Disclaimer
2 Disclaimer • This presentation (the “Presentation”) was prepared by ASBISc Enterprises Plc (the “Company”) with a due care. Still, it may contain certain inconsistencies or omissions. The Presentation does not contain a complete or thorough financial analysis of the Company and does not present it
Slide 3: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL OUTLOOK BACK-UP CORPORATE RESULTS FOR 2026 EVENTS
Slide 4: ASBIS Business Directions
ASBIS BUSINESS DIRECTIONS Premium & Luxury Trade-In BU Retail BU Apple #1 in CIS 34 Apple stores Expanding to EU, ZA 6 B&O stores VAD in UCIS ASBIS Robotic Solution Corporate Venture AROS Investments AD in South Africa 3 Solution categories 15 ICT & IoT, AI ICT Distribution Consumer Distribution dat
Slide 5: Sales on EMEA Markets
Estonia SALES ON EMEA MARKETS Lithuania Latvija Poland 4 Distribution Centers Czech Slovakia Ukraine Kazakhstan ▪ Czech Republic Hungary Moldova Slovenia Serbia Romania Uzbekistan ▪ UAE Croatia Georgia Bosnia Bulgaria ▪ South Africa Armenia Azerbaijan Greece ▪ Georgia Cyprus Approximately 70K sq.m.
Slide 6: Research Labs
Research Labs ROBOTS COMPUTING SUSTAINABILITY Touch On Keys ELECTRONICS ENERGY Smart accessories GAMING DIGITAL SIGNAGE Hardware for Gamers MED-TECH Smart Home Appliences Bio Med Research Medical Diagnostics
Slide 7: Key corporate events
7 Key corporate events Interim dividend New iSpace store in Bang & Olufsen payment Moldova Flagship Store in California ASBIS has continued its ASBIS opened an iSpace ASBIS officially opened dividend policy and paid store featuring Apple Bang & Olufsen’s first an interim dividend from products in Mo
Slide 8: Premium & Luxury Retail Business Unit
PREMIUM & LUXURY RETAIL BUSINESS UNIT Poland Ukraine Kazakhstan 58 doors on end of 2025. +35 in 2026 13 Moldova 6 10 8 e-commerce shops in 8 countries Milan / Italy 2 Georgia 5 1 Uzbekistan California / USA 1 Azerbaijan 1 Armenia 4 3 Cyprus 3 2 Dubai / UAE 4 8 Stores 32 Stores 13 Stores 5 RoboCafe 3
Slide 9: Bang & Olufsen Flagship Store in California
Bang & Olufsen Flagship Store in California We have officially opened Bang & Olufsen’s first showroom in San Francisco - and not just any showroom, but the world’s largest flagship store of this iconic brand. This opening marks the first step in the ambitious expansion strategy for Bang & Olufsen in
Slide 10: Slide 10
Slide 11: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL OUTLOOK BACK-UP CORPORATE RESULTS FOR 2026 EVENTS
Slide 12: Outstanding Q4 and FY 2025 results
12 Oustanding Q4 and FY 2024 results Record revenues both in Q4 and FY US$ m Q4’25 Q4’24 YoY US$ m 2025 2024 YoY 2025. Revenue 1,247.8 926.9 35% Revenue 3,863.0 3,008.5 28% Gross profit 98.3 74.4 32% Gross profit 278.7 240.2 16% Gross margin with a strong Gross profit margin 7.88 8.02% -0.14 ppt Gro
Slide 13: Key Countries' Revenues (US$ m)
13 KEY COUNTRIES’ REVENUES (US$ m) Main markets remains strong Q4 2025 VS Q4 2024 • Kazakhstan remained no.1 country, following the realization of large AI server projects and strong 200 187 smartphones sales. 180 166 147 • Ukraine – despite heavy escalation of attacks 160 136 140 125 120 generated
Slide 14: Q4 2025 strong growth across all markets
14 REVENUES BY REGIONS (USD m) Q4 2025 strong growth across all markets • The CIS region has continued a positive upward trend, following explosive investment into AI and Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 strong Apple business. CIS CEE MEA WE Other • CEE region
Slide 15: Q4 2025 servers and server blocks – keep significant momentum
15 REVENUES BY PRODUCT LINES (US$ m) Q4 2025 servers and server blocks – keep significant momentum • Smartphones retain the biggest share in our revenues. Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 • Continuation of the massive expansion of Smartphones Servers and server
Slide 16: How AI boom elevated ASBIS 2025 revenues
HOW AI BOOM ELEVATED ASBIS 2025 REVENUES YoY YoY 150 M$ +240% 70 M$ +660% Server SSD Server CPU 25 M$ +31% 234 Μ$ +596% Server DRAM Server HDD 479 M$
Slide 17: Extensive portfolio for AI infrastructure
17 Extensive portfolio for AI infrastructure The existing supplier network, combined with ASBIS’s distribution expertise, ensures that ASBIS can provide customers with comprehensive, cutting- edge AI infrastructure solutions. ▪ GPUs and AI accelerators ▪ Servers ▪ IT infrastructure ▪ Server processo
Slide 18: SG&A costs
18 SG&A costs NUMBER OF EMPLOYEES SG&A COSTS 2 787 2 822 2 803 2 779 2 719 2 707 2 718 2 734 2 673 4.4% 5.6% 60.0 6.0% 4.9% 5.0% 4.8% 4.2% 4.5% 50.0 5.0% 4.2% 4.0% 40.0 4.0% 36.2 50.5 30.0 3.0% 34.6 36.1 35.2 38.8 40.0 42.0 20.0 39.7 2.0% 10.0 1.0% 0.0 0.0% Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1
Slide 19: Cash engaged in working capital
19 NET WORKING CAPITAL (US$ m) NWC: 11% of sales NWC: 13% of sales Cash engaged in 545 working capital 529 517 397 Q4'25 Q4'24 -510 -651 Inventories Trade receivables Trade payables • High revenue growth resulted in the need to involve more cash into working capital. US$ m 2025 2024 • New product la
Slide 20: Excellent financial condition
20 Excellent financial condition US$ m 2025 2024 YoY Short term borrowings (excl. leases and factoring) 162.9 164.2 -1% Long term borrowings (excl. leases) 13.7 12.6 9% The Company's Other long-term liabilities 1.0 0.9 12% ability to access Exteremely high external financing Cash and cash equivalent
Slide 21: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL OUTLOOK BACK-UP CORPORATE RESULTS FOR 2026 EVENTS
Slide 22: 2026 outlook
22 At ASBIS we continue to 2026 outlook strive for more. We will do our best to beat 2025 results in PRODUCTS MARKETS CLIENTS FINANCIAL 2026. • Continue and • Continue focus • Continued • SG&A costs grow server on CIS focus on optimization components countries business • Gross profit • More emphasis
Slide 23: Key 2026 risks and opportunities
23 Key 2026 risks and opportunities RISKS OPPORTUNITIES • Unstable geopolitical situation • Stabilization of geopolitical in Europe and Asia situation • Illicit trading and new • Signing of new agreements regulations for servers and server blocks • Supply chain disruptions • New EU and government fu
Slide 24: Q&A
Q&A
Slide 25: Agenda
Agenda 01. 02. 03. 04. KEY FINANCIAL OUTLOOK BACK-UP CORPORATE RESULTS FOR 2026 EVENTS
Slide 26: #1 Trade-in operator in CIS
#1 TRADE-IN OPERATOR IN CIS Spot Trade-in • Future Trade-in • Omnichannel Trade-in • Retail • E-comms • B2C & B2B &B2D • Multi-buyer platform 2M Trade-in evaluations in CY25 160K Trade-ins Local in trade-in from 8 6,000+ countries POS 250+ #1 Online store Team members In UA, KZ, GE
Slide 27: ASBIS own brands
27 ASBIS own brands AENO is a brand of Canyon is a Lorgar is a brand of Prestigio Solutions smart home appliances dynamically growing gaming devices aimed specializes on offering top-level brand of stylish mobile to bring the gaming innovative quality, customer accessories, computer experience to a
Slide 28: ASBIS continues engagement in ESG initiatives
28 ASBIS continues engagement in ESG initiatives Continuous reporting Diverse Board Comprehensive double since 2017 report. of Directors materiality analysis Application of SASB (5 executives, 3 NEDs; conducted which and now ESRS women 37.5%). returned 29 material standards. ESG topics. Full greenho
Slide 29: Shareholder structure
29 Shareholder structure Affiliation to indexes: KS Holdings Ltd* Free-float Number of shares % of share capital & votes & votes KS Holdings Ltd * 20,448,127 36.84% Free-float 35,051,873 63.16% TOTAL 55,500,000 100.00% As of : 2026-02-26 *Siarhei Kostevitch holds shares as the sole shareholder of KS
Slide 30: Thank you
Thank you CONTACT FOR INVESTORS: Constantinos Tziamalis Bartosz Basa Deputy CEO IR Manager +357 25857188 +48 691 910 760 costas@asbis.com b.basa@asbis.com CONTACT FOR MEDIA: Iwona Mojsiuszko Managing Director of 8Sense PR +48 502 344 992 iwona.mojsiuszko@8sensepr.pl