Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — Q2 2026 Earnings Presentation
22 slides from Asseco South Eastern Europe's earnings presentation, Jul 27, 2026
Slide 1: ASEE Payten
aasee Payten
Slide 2: Estimated Financial Results for Q2 2026 And Business Update
Estimated Financial Results for Q2 2026 And Business Update 27th July 2026 ALL FIGURES FOR Q2 and H1 2026 IN THIS PRESENTATION ARE ESTIMATES NOT REVIEWED BY AUDITOR OFFICIAL RESULTS WILL BE PUBLISHED ON 31ST JULY 2026
Slide 3: Q2 2026 – Highlights
Q2 2026 – Highlights • Solid profitability despite modest top-line growth – revenue up 2% YoY, operating profit up 30% YoY • Banking as the key growth engine – revenue up 22% YoY, EBIT more than doubled • Payment excluding PPA write-off slightly growing: • Revenue pressure in POS and ATM deliveries,
Slide 4: Q2 2026 results
OD «982 2026 results
Slide 5: Q2'26 – Solid performance but NPAT affected by write-off
Q2’26 – Solid performance but NPAT affected by write-off mEUR mPLN Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 % Diff Q2 2026 Q2 2025 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 102.3 100.2 101.4 100.7 +1% 436.1 426.4 432.2 428.7 +1% EBITDA 23.0 18.1 22.8 18.2 +25% 98.0 77.0 97.2 77.5
Slide 6: Q2'26 – Banking performance improved
Q2’26 – Banking performance improved Revenue EBITDA EBIT mEUR Q2 2026 Q2 2025 Diff Q2 2026 Q2 2025 Diff Q2 2026 Q2 2025 Diff 50 46 4 10 6 4 8 4 4 Payment Solutions 51.4 55.2 -3.8 12.4 11.8 +0.7 7.0 7.7 -0.6 Non-Payment 50.0 45.6 +4.5 10.4 6.4 +3.9 8.3 4.4 +3.9 Banking Solutions 22.6 18.6 +4.0 8.6 4.
Slide 7: Q2'26 – ECR and IPD revenues growth
Q2’26 – ECR and IPD revenues growth EBIT per BUs Q2 2026 Revenue eCommerce 13% (13%) mEUR Q2 2026 Q2 2025 Diff Processing POS 30% ECR + IPD 3% (4%) ECR + IPD 7.6 6.0 +1.6 27% (15%) (34%) eComm. + Proc. 15.1 15.1 -0.0 POS 55% (52%) ATM (incl. IAD) 9.3 13.5 -4.2 ATM (incl.**IAD) POS 19.4 20.6 -1.2 11%
Slide 8: Q2'26 – Strong SEE, Turkey and CEE
Q2’26 – Strong SEE, Turkey and CEE Revenue EBIT mEUR Q2 2026 Q2 2025 Diff % Diff Q2 2026 Q2 2025 Diff % Diff SEE 63.4 62.8 +0.6 +1% 12.8 9.9 +2.9 +30% B&H 9.1 10.1 -1.0 -10% 1.6 2.4 -0.7 -31% Croatia 17.0 17.3 -0.3 -1% 4.5 2.6 +1.8 +70% Macedonia 5.6 5.0 +0.6 +12% 1.3 0.8 +0.5 +58% Serbia 24.4 22.7
Slide 9: H1 2026 results
OND =H 1 2026 results
Slide 10: H1'26 – Solid performance
H1’26 – Solid performance mEUR mPLN H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 % Diff H1 2026 H1 2025 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 204.7 195.9 203.0 196.4 +3% 870.6 826.7 863.3 829.0 +4% EBITDA 43.0 36.0 42.6 36.1 +18% 182.8 151.8 181.3 152.4 +19% EBIT 28.9 23.6 29.0 2
Slide 11: H1'26 – Growth fueled by banking
H1’26 – Growth fueled by banking Revenue EBITDA EBIT mEUR H1 2026 H1 2025 Diff H1 2026 H1 2025 Diff H1 2026 H1 2025 Diff 100 88 12 18 13 6 14 9 6 Payment Solutions 102.8 107.9 -5.2 24.3 23.4 +0.8 14.8 15.4 -0.6 Non-Payment 100.2 88.5 +11.8 18.4 12.7 +5.7 14.2 8.6 +5.6 Banking Solutions 43.4 37.0 +6.
Slide 12: H1'26 – ECR and IPD revenues growth
H1’26 – ECR and IPD revenues growth EBIT per BUs H1 2026 Revenue eCommerce 13% (13%) mEUR H1 2026 H1 2025 Diff ECR + IPD Processing POS 31% 3%18% (4%) (10%) ECR + IPD 13.5 10.7 +2.7 (28%) eComm. + Proc. 29.6 32.0 -2.5 POS 55% (52%) ATM (incl. IAD) 22.6 26.1 -3.5 ** ATM (incl. IAD) eComm. + Proc. POS
Slide 13: H1'26 – Strong SEE and CEE
H1’26 – Strong SEE and CEE Revenue EBIT mEUR H1 2026 H1 2025 Diff % Diff H1 2026 H1 2025 Diff % Diff SEE 129.8 119.6 +10.2 +9% 23.1 17.6 +5.4 +31% B&H 16.4 17.3 -0.9 -5% 2.8 3.5 -0.7 -20% Croatia 33.9 31.1 +2.8 +9% 6.9 4.4 +2.5 +56% Macedonia 11.3 8.8 +2.5 +29% 2.8 1.4 +1.4 +104% Serbia 53.8 47.7 +6
Slide 14: Cashflow and liquidity
Cashflow and liquidity 14
Slide 15: Cashflow
Cashflow mEUR H1 2026 LTM 2025 2024 2026 H1 2025 H1 Operating cash flow 88.2 74.7 47.4 37.8 24.3 - Infrastructure for outsourcing & own networks -9.8 -13.2 -13.6 -7.5 -10.8 - Capitalized R&D 0.0 0.0 0.0 0.0 0.0 - M&A -12.3 -11.1 -21.1 -6.6 -5.4 - Other CAPEX -5.0 -5.4 -7.6 -2.5 -2.9 - Dividends for
Slide 16: Liquidity situation
Liquidity situation mEUR 30 Jun'26 31 Dec'25 Diff 30 Jun'25 Cash and equivalents 61.1 73.8 -12.7 68.4 Loans (ST) -8.9 -15.5 +6.6 -22.5 Lease (ST) -5.3 -5.3 -0.1 -4.8 Dividends (ST) -0.2 -0.9 +0.7 -22.5 M&A liabilities (ST) -20.4 -26.8 +6.4 -24.2 Net Cash (ST) 26.2 25.3 +0.9 -5.7 Loans (LT) -21.8 -20
Slide 17: Outlook for 2026
Outlook for 2026 17
Slide 18: ASEE + Payten
ASEE + Payten mEUR Q3 2026F Q3 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 92.7 102.1 -9% Revenues BL 379.2 367.1 +3% Margin1 BL 74.5 71.6 +4% Margin1 BL 298.7 278.5 +7% 80 350 70 +4% 300 +7% 60 250 50 200 40 30 74.5 71.6 150 298.7 278.5 100 20 10 50 0 0 Q3 2026F Q3 2025 2026F 2025F * backlog da
Slide 19: ASEE – Banking and Dedicated Solutions
ASEE – Banking and Dedicated Solutions mEUR Q3 2026F Q3 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 48.1 55.2 -13% Revenues BL 190.2 181.7 +5% Margin1 BL 33.7 33.7 +0% Margin1 BL 134.8 127.2 +6% 40 160 35 +0% 140 +6% 30 120 25 100 20 80 15 33.7 33.7 60 134.8 127.2 10 40 5 20 0 0 Q3 2026F Q3 2025
Slide 20: Payten
Payten mEUR Q3 2026F Q3 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 44.6 46.9 -5% Revenues BL 189.0 185.4 +2% Margin1 BL 40.8 37.9 +8% Margin1 BL 164.0 151.3 +8% 45 180 40 160 +8% +8% 35 140 30 120 25 100 20 40.8 37.9 80 60 164.0 151.3 15 10 40 5 20 0 0 Q3 2026F Q3 2025 2026F 2025F * backlog dat
Slide 21: Legal disclaimer
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Slide 22: Thank you
Thank you http:// asee.io 22
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