Asseco South Eastern Europe S.a. · GPW:ASE
Asseco South Eastern Europe — Q3 2026 Earnings Presentation
24 slides from Asseco South Eastern Europe's earnings presentation, Oct 27, 2026
Slide 1: ASEE Payten
aasee Payten
Slide 2: Financial Results for Q3 2026 and Business Update
Financial Results for Q3 2026 And Business Update 27th October 2026
Slide 3: Q3 2026 – Highlights
Q3 2026 – Highlights • Growth of operating profit by 77% versus prior year and by 4% one-off adjusted • Continues good cost control • Payments as the key growth engine after slower H1 – EBIT growth by 3.2mE (one-off adjusted) • Another good quarter, but flattish YoY Banking Solutions • Dedicated Sol
Slide 4: Q3 2026 results
OD 3 03 2026 results
Slide 5: Q3'26 – Solid performance
Q3’26 – Solid performance mEUR mPLN Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 % Diff Q3 2026 Q3 2025 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 109.8 102.5 108.7 101.5 +7% 475.8 437.2 470.7 433.0 +9% EBITDA 25.4 19.0 25.1 18.7 +34% 110.0 80.9 108.8 79.8 +36% EBIT 19.1 10.8 19.0 10.
Slide 6: Q3'26 – Excluding PY impact of one-offs
Q3’26 – Excluding PY impact of one-offs Reported Adjusted Reported One-offs Assets Goodwill Q3 2026 Q3 2025 Q3 2025 Revenue write-off PPA Total Q3 2026 Q3 2025 % Diff write-off no hyper. no hyper. no hyper. reversal and write-off One-Offs and earnout provisions Revenue 109.8 102.5 108.7 105.5 +3% 10
Slide 7: Q3'26 – Excluding PY impact of one-offs
Q3’26 – Excluding PY impact of one-offs Revenue EBITDA EBIT mEUR Q3 2026 Q3 2025 Adj. Diff Q3 2026 Q3 2025 Adj. Diff Q3 2026 Q3 2025 Adj. Diff 52 52 0 9 11 -2 7 9 -2 Payment Solutions 56.3 53.2 +3.1 15.9 13.3 +2.6 11.9 9.2 +2.7 Non-Payment 52.3 52.3 -0.0 9.2 11.4 -2.2 7.1 9.1 -2.0 Banking Solutions
Slide 8: Q3'26 – Payment performance improved
Q3’26 – Payment performance improved Revenue EBITDA EBIT mEUR Q3 2026 Q3 2025 Diff Q3 2026 Q3 2025 Diff Q3 2026 Q3 2025 Diff 52 52 0 9 11 -2 7 9 -2 Payment Solutions 56.3 49.1 +7.2 15.9 7.6 +8.3 11.9 1.7 +10.2 Non-Payment 52.3 52.3 -0.0 9.2 11.1 -1.9 7.1 9.1 -2.0 Banking Solutions 21.2 19.8 +1.4 6.5
Slide 9: Q3'26 – Payment by business lines
Q3’26 – Payment by business lines EBIT per BUs Q3 2026 Revenue eCommerce 13% (13%) mEUR Q3 2026 Q3 2025 Diff ECR + IPD POS 24%Processing 3%18% (4%) (88%) ECR + IPD 8.1 6.8 +1.2 (152%) eComm. + Proc. 15.3 11.0 +4.3 POS 55% (52%) ATM (incl. IAD) 12.7 11.0 +1.7 ATM (incl.**IAD) eComm. + Proc. 23% (123%
Slide 10: Q3'26 – Contributions by countries
Q3’26 – Contributions by countries Revenue EBIT mEUR Q3 2026 Q3 2025 Diff % Diff Q3 2026 Q3 2025 Diff % Diff SEE 71.8 66.4 +5.5 +8% 15.4 15.5 -0.1 -1% B&H 8.8 13.8 -5.0 -36% 1.6 5.0 -3.4 -68% Croatia 17.6 16.0 +1.6 +10% 4.2 3.5 +0.7 +21% Macedonia 5.8 4.8 +1.0 +21% 1.7 1.3 +0.5 +37% Serbia 29.4 24.0
Slide 11: Q3YTD 2026 results
ED 3=Q3YTD 2026 results
Slide 12: Q3YTD'26 – Solid performance
Q3YTD’26 – Solid performance mEUR mPLN Q1-3 2026 Q1-3 2025 Q1-3 2026 Q1-3 2025 Q1-3 2026 Q1-3 2025 % Diff Q1-3 2026 Q1-3 2025 % Diff no hyper. no hyper. no hyper. no hyper. Revenue 314.6 298.3 311.7 297.9 +5% 1 346.4 1 263.9 1 334.0 1 262.0 +6% EBITDA 68.4 55.2 67.8 55.1 +23% 292.8 234.0 290.1 233.5
Slide 13: Q3YTD'26 – Payment and Banking growth
Q3YTD’26 – Payment and Banking growth Revenue EBITDA EBIT mEUR Q1-3 2026 Q1-3 2025 Diff Q1-3 2026 Q1-3 2025 Diff Q1-3 2026 Q1-3 2025 Diff 153 141 12 28 24 4 21 18 4 Payment Solutions 159.1 157.1 +2.0 40.2 31.1 +9.1 26.6 17.0 +9.6 Non-Payment 152.5 140.8 +11.8 27.6 24.1 +3.5 21.3 17.7 +3.6 Banking So
Slide 14: Q3YTD'26 – Payment by business lines
Q3YTD’26 – Payment by business lines EBIT per BUs Q1-3 2026 Revenue eCommerce 13% (13%) mEUR Q1-3 2026 Q1-3 2025 Diff ECR + IPD Processing POS 28% 3%18% (4%) (18%) ECR + IPD 21.5 17.5 +4.0 (40%) eComm. + Proc. 44.9 43.0 +1.8 POS 55% (52%) ATM (incl. IAD) 35.4 37.1 -1.8 ATM (incl.**IAD) eComm. + Proc
Slide 15: Q3YTD'26 – Contributions by countries
Q3YTD’26 – Contributions by countries Revenue EBIT mEUR Q1-3 2026 Q1-3 2025 Diff % Diff Q1-3 2026 Q1-3 2025 Diff % Diff SEE 201.7 186.0 +15.7 +8% 38.5 33.1 +5.3 +16% B&H 25.2 31.1 -5.9 -19% 4.4 8.5 -4.1 -48% Croatia 51.4 47.1 +4.3 +9% 11.1 7.9 +3.2 +41% Macedonia 17.1 13.6 +3.5 +26% 4.5 2.6 +1.9 +72
Slide 16: Cashflow and liquidity
Cashflow and liquidity 16
Slide 17: Cashflow
Cashflow mEUR Q3 2026 LTM 2025 2024 2026 Q3 YTD 2025 Q3 YTD Operating cash flow 97.3 74.7 47.4 61.4 38.9 - Infrastructure for outsourcing & own networks -10.2 -13.2 -13.6 -7.3 -10.3 - Capitalized R&D 0.0 0.0 0.0 0.0 0.0 - M&A -19.2 -11.5 -21.1 -13.4 -5.8 - Other CAPEX -4.3 -5.4 -7.6 -3.2 -4.2 - Divi
Slide 18: Liquidity situation
Liquidity situation mEUR 30 Sep'26 31 Dec'25 Diff 30 Sep'25 Cash and equivalents 70.1 73.8 -3.7 53.2 Loans (ST) -7.9 -15.5 +7.6 -17.7 Lease (ST) -5.5 -5.3 -0.2 -5.0 Dividends (ST) 0.0 -0.9 +0.8 -0.9 M&A liabilities (ST) -11.7 -26.8 +15.1 -29.7 Net Cash (ST) 45.0 25.3 +19.7 -0.1 Loans (LT) -23.1 -20.
Slide 19: Outlook for 2026
Outlook for 2026 19
Slide 20: ASEE + Payten
ASEE + Payten mEUR Q4 2026F Q4 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 95.0 101.9 -7% Revenues BL 404.2 395.0 +2% Margin1 BL 75.8 77.8 -3% Margin1 BL 313.8 302.3 +4% 90 350 80 +4% -3% 300 70 250 60 50 200 40 30 75.8 77.8 150 313.8 302.3 100 20 50 10 0 0 Q4 2026F Q4 2025 2026F 2025F * backlog
Slide 21: ASEE – Banking and Dedicated Solutions
ASEE – Banking and Dedicated Solutions mEUR Q4 2026F Q4 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 54.0 61.3 -12% Revenues BL 212.2 202.1 +5% Margin1 BL 35.9 41.1 -13% Margin1 BL 143.5 145.6 -1% 45 160 40 -13% 140 -1% 35 120 30 100 25 80 20 15 35.9 41.1 60 143.5 145.6 10 40 5 20 0 0 Q4 2026F Q4
Slide 22: Payten
Payten mEUR Q4 2026F Q4 2025 % Diff mEUR 2026F 2025F % Diff Revenues BL 43.7 40.6 +8% Revenues BL 199.8 193.0 +4% Margin1 BL 40.2 36.8 +9% Margin1 BL 171.1 156.7 +9% 45 180 40 160 +9% +9% 35 140 30 120 25 100 20 40.2 36.8 80 171.1 156.7 15 60 10 40 5 20 0 0 Q4 2026F Q4 2025 2026F 2025F * backlog dat
Slide 23: 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 24: Thank you
Thank you http:// asee.io 24
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