Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — Q1 2026 Earnings Presentation
17 slides from Asseco South Eastern Europe's earnings presentation, Apr 28, 2026
Slide 1: Asseco SEE Payten
aasee Payten
Slide 2: Financial results for Q1 2026 and Business Update
Financial results for Q1 2026 And Business Update 28th April 2026
Slide 3: Q1 2026 – Highlights
Q1 2026 – Highlights ▪ Very good performance of Banking mainly thanks to Core solutions and related own services: +1.4mE ▪ Much smaller cost growth 2% (Q1'26 vs Q1'25), initial optimization effects ▪ Flattish Payment, mainly due to: ▪ Q1’25 still good performance in India and UAE +1.1mE (no receivab
Slide 4: Q1 2026 results
OD = O1 2026 results
Slide 5: Q1'26 – Solid performance
Q1’26 – Solid performance mEUR mPLN Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 % Diff Q1 2026 Q1 2025 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 102.4 95.7 101.6 95.7 +6% 434.5 400.3 431.1 400.4 +8% EBITDA 20.0 17.9 19.8 17.9 +11% 84.8 74.8 84.1 74.9 +12% EBIT 13.6 11.7 13.7 11.9 +1
Slide 6: Q1'26 – Banking performance improved
Q1’26 – Banking performance improved Revenue EBITDA EBIT mEUR Q1 2026 Q1 2025 Diff Q1 2026 Q1 2025 Diff Q1 2026 Q1 2025 Diff 50 43 7 8 6 2 6 4 2 Payment Solutions 51.4 52.8 -1.4 11.8 11.7 +0.2 7.7 7.7 +0.0 Non-Payment 50.2 42.9 +7.3 8.0 6.2 +1.8 5.9 4.2 +1.7 Banking Solutions 20.8 18.4 +2.3 6.6 5.2
Slide 7: Q1'26 – ECR and IPD revenues growth
Q1’26 – ECR and IPD revenues growth Revenue per BUs Q1 2026 Revenue eCommerce 13% (13%) mEUR Q1 2026 Q1 2025 Diff ECR + IPD Processing 3% (4%)(9%) 11% ECR + IPD 5.9 4.7 +1.2 POS 35% (35%) eComm. + Proc. 14.5 16.9 -2.4 POS eComm. + Proc. ATM (incl. IAD) 13.3 12.7 +0.7 55% (52%) 28% (32%) ** POS 17.7
Slide 8: Q1'26 – Strong SEE and CEE
Q1’26 – Strong SEE and CEE Revenue EBIT mEUR Q1 2026 Q1 2025 Diff % Diff Q1 2026 Q1 2025 Diff % Diff SEE 66.5 56.8 +9.7 +17% 10.3 7.8 +2.5 +32% B&H 7.3 7.2 +0.1 +2% 1.1 1.1 +0.0 +3% Croatia 16.8 13.8 +3.0 +22% 2.5 1.8 +0.7 +37% Macedonia 5.7 3.8 +1.9 +51% 1.5 0.6 +0.9 +169% Serbia 29.4 25.0 +4.4 +18
Slide 9: Cashflow and liquidity
ED Cashflow and liquidity
Slide 10: Cashflow
Cashflow mEUR Q1 2026 LTM 2025 2024 2026 Q1 2025 Q1 Operating cash flow 80.0 74.7 47.4 20.6 15.3 - Infrastructure for outsourcing & own networks -11.1 -13.2 -13.6 -3.5 -5.6 - Capitalized R&D 0.0 0.0 0.0 0.0 0.0 - M&A -10.0 -11.1 -21.1 0.0 -1.1 - Other CAPEX -5.5 -5.4 -7.6 -1.6 -1.5 - Dividends for m
Slide 11: Liquidity situation
Liquidity situation mEUR 31 Mar'26 31 Dec'25 Diff 30 Sep'25 Cash and equivalents 82.0 73.8 +8.2 53.2 Loans (ST) -11.8 -15.5 +3.7 -17.7 Lease (ST) -5.2 -5.3 +0.0 -5.0 Dividends (ST) -1.2 -0.9 -0.3 -0.9 M&A liabilities (ST) -26.3 -26.8 +0.5 -29.7 Net Cash (ST) 37.5 25.3 +12.1 -0.1 Net Cash (ST) + Loan
Slide 12: Outlook for 2026
Outlook for 2026 12
Slide 13: ASEE + Payten
ASEE + Payten mEUR Q2 2026F Q2 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 88.2 94.6 -7% Revenues BL 325.7 327.9 -1% Margin1 BL 71.5 68.7 +4% Margin1 BL 268.6 254.7 +5% 80 300 70 +4% 250 +5% 60 200 50 40 150 30 71.5 68.7 100 268.6 254.7 20 50 10 0 0 Q2 2026F Q2 2025 2026F 2025F * backlog data fr
Slide 14: ASEE – Banking and Dedicated Solutions
ASEE – Banking and Dedicated Solutions mEUR Q2 2026F Q2 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 47.2 44.2 +7% Revenues BL 159.0 151.4 +5% Margin1 BL 33.0 30.2 +10% Margin1 BL 115.9 107.8 +7% 35 140 30 +10% 120 +7% 25 100 20 80 15 33.0 30.2 60 115.9 10 40 107.8 5 20 0 0 Q2 2026F Q2 2025 2026F
Slide 15: Payten
Payten mEUR Q2 2026F Q2 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 41.0 50.4 -19% Revenues BL 166.7 176.6 -6% Margin1 BL 38.4 38.5 -0% Margin1 BL 152.7 146.9 +4% 45 180 40 160 +4% 0% 35 140 30 120 25 100 20 15 38.4 38.5 80 60 152.7 146.9 10 40 5 20 0 0 Q2 2026F Q2 2025 2026F 2025F * backlog dat
Slide 16: Legal disclaimer
Legal disclaimer The content presented in this presentation is subject to copyright protection and has the ownership title. Texts, graphics, photographs, sound, animations and videos as well as their distribution in the presentation are protected under the Copyright and related rights Law. Unauthori
Slide 17: Thank you
Thank you http:// asee.io 17
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