Asseco Poland S.a. · GPW:ACP
Asseco Poland — Q1 2026 Earnings Presentation
32 slides from Asseco Poland's earnings presentation, May 28, 2026
Slide 1: The Asseco Group’s results Q1 2026
The Asseco Group’s results Q1 2026 May 27, 2026
Slide 2: Summary of Asseco's Q1 2026 results
Summary of Asseco's Q1 2026 results Revenues Operating profit Net profit PLN 4 399 million PLN 513 million PLN 228 million +9% +33% +68% 2
Slide 3: Summary of activities
Summary of activities 3
Slide 4: Revenues by operating segments
Revenues by operating segments Sales revenues (PLN million) Asseco Poland Segment Asseco International Segment Formula Systems Segment +9% +7% +12% 2 454 2 670 544 607 1 058 1 134 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 4
Slide 5: Revenues by product groups
Revenues by product groups mPLN 973 +8% Solutions for finance 905 23% 22% +18% 1 149 Solutions for public institutions 971 Revenues +13% 457 ERP solutions 4 399 403 +9% 18% 725 793 Other IT solutions 26% 11% 1 040 -1% 1 027 Infrastructure and other Q1 2025 Q1 2026 Share of the 10 largest customers S
Slide 6: Solutions for finance
Solutions for finance Revenues (mPLN) Q1 2026 Q1 2025 Change Asseco Poland Segment 178.1 150.1 +19% Asseco International Segment 406.4 385.6 +5% 905 973 Formula Systems Segment 388.7 369.6 +5% 812 813 805 Asseco Group* 973.1 904.9 +8% Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 • Asseco Poland: a strong
Slide 7: Solutions for public institutions
Solutions for public institutions Revenues (mPLN) Q1 2026 Q1 2025 Change Asseco Poland Segment 329.5 284.8 +16% Asseco International Segment 139.0 107.7 +29% 971 1 149 Formula Systems Segment 683.7 580.7 +18% 779 814 816 Asseco Group* 1 149.4 970.8 +18% Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 • Asse
Slide 8: ERP solutions
ERP solutions Revenues (mPLN) Q1 2026 Q1 2025 Change Asseco International Segment** 285.2 252.1 +13% Formula Systems Segment 173.7 151.6 +15% Asseco Group* 456.9 402.7 +13% 403 457 333 370 372 2022 2023 2024 2025 2026 • Asseco International: double-digit revenue growth at Asseco Business Solutions:
Slide 9: The Group’s growth – acquisitions
The Group’s growth – acquisitions Asseco Poland Segment Asseco International Segment 8Seneca specializes in IT outsourcing and providing dedicated development teams /ACE Group/ for B2B companies. Formula Systems Segment M.L.B.S. Technologies specializes in underground infrastructure projects for the
Slide 10: Financial information
Financial information 10
Slide 11: Selected consolidated financial data for Q1 2026
Selected consolidated financial data for Q1 2026 PLN 4 399 million PLN 3 393 million Sales revenues Proprietary software and services CAGR 2022-2026: +5% CAGR 2022-2026: +6% PLN 712 million PLN 575 million Non-IFRS EBITDA Non-IFRS EBIT CAGR 2022-2026: +9% CAGR 2022-2026: +10% PLN 224 million Non-IFR
Slide 12: Non-IFRS results Q1 2026 vs. Q1 2025
Non-IFRS results Q1 2026 vs. Q1 2025 Sales revenues mPLN +45 4 399 4 044 +59 +252 Revenues Przychody Q1 2025 FX rates kursy organic wyniki results organiczne acquisitions akwizycje Revenues Przychody Q1 2025 walut Q12026 Q1 2026 Q1 Q1 2026 2026 Non-IFRS operating profit mPLN +92 +14 575 463 +5 Non-I
Slide 13: Non-IFRS results: Q1 2026 vs. Q1 2025
Non-IFRS results: Q1 2026 vs. Q1 2025 Non-IFRS net profit attributable to shareholders of the parent company mPLN +62 +10 +3 224 -7 156 Non-IFRS Zysk nettonet profit non-IFRS seg.Asseco AssecoPoland Poland * seg.Formula FormulaSystems Systems Asseco seg. Asseco International adj. korekty between mię
Slide 14: Revenues and operating profit
Revenues and operating profit Δ excluding impact of exchange Q1 2026 Q1 2025 Δ rate differences Sales revenues 4 399.4 4 043.8 +9% +7% Proprietary software and services 3 392.9 3 084.5 +10% Non-IFRS EBITDA* 711.5 594.0 +20% Profitability 16.2% 14.7% +1.5 p.p. Non-IFRS operating profit* 574.7 462.9 +
Slide 15: Reconciliation of operating profit and net profit
Reconciliation of operating profit and net profit Q1 2026 Q1 2025 Δ Non-IFRS operating profit* 574.7 462.9 +24% Operating profit 512.6 386.3 +33% Net interest income 1.9 -34.0 - Foreign exchange transactions -9.8 7.4 - M&A transactions -3.0 -5.3 - Hyperinflation 7.8 7.0 - Other -3.9 -6.3 - Gross pro
Slide 16: Financial results of regions and subsidiaries
Financial results of regions and subsidiaries Non-IFRS Non-IFRS net profit contribution Sales revenues operating profit* to Asseco Poland* Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Asseco Poland Segment 607.0 544.1 151.7 107.5 133.0 71.3 Asseco Poland (excluding dividends) 463.9 405.3 116.8 85
Slide 17: Cash generated (LTM)
Cash generated (LTM) Asseco Poland Asseco International Formula Systems Asseco Group Segment Segment Segment CFOBT * 2 946.5 680.7 939.7 1 329.3 CAPEX + leasing** -542.3 -90.4 -200.0 -254.5 Free cash flow (before tax) *** 2 404.2 590.3 739.7 1 074.8 Tax paid -367.5 -90.6 -117.1 -159.7 Free cash flow
Slide 18: Stable liquidity position
Stable liquidity position Asseco Poland Asseco International Formula Systems Asseco Group Eliminations Segment Segment Segment Cash 6 580.7 1 164.2 1 020.4 4 396.1 - Interest-bearing liabilities (ST) -1 635.3 -115.8 -166.7 -1 355.6 2.8 Liabilities from loans and borrowings (ST) -1 397.6 -101.2 -105.
Slide 19: Financial information – Proportional recognition
Financial information Proportional recognition 19
Slide 20: Non-IFRS results Q1 2026 vs. Q1 2025 – proportional recognition
Non-IFRS results Q1 2026 vs. Q1 2025 – proportional recognition Sales revenues mPLN 1 727 1 562 +128 +19 +18 Revenues FX rates organic results acquisitions Revenues Przychody Q1 2025 kursy wyniki organiczne akwizycje Przychody Q1 2025 Q1 2026 Q12026 2026 walut Q1 2026 Q1 Non-IFRS operating profit mP
Slide 21: Revenues and operating profit – proportional recognition
Revenues and operating profit – proportional recognition Δ excluding impact of foreign Proportional recognition* Q1 2026 Q1 2025 Δ exchange differences Sales revenues 1 727.0 1 562.0 +11% +9% Proprietary software and services 1 384.1 1 205.5 +15% Non-IFRS EBITDA** 330.1 257.2 +28% Profitability 19.1
Slide 22: Cash generated (LTM) – proportional recognition
Cash generated (LTM) – proportional recognition Asseco Poland Asseco International Formula Systems Proportional recognition* Asseco Group Segment Segment Segment CFOBT ** 1 436.3 669.7 594.0 172.6 CAPEX + leasing*** -265.9 -89.2 -222.0 -49.4 Free cash flow (before tax) **** 1 170.4 580.5 372.0 123.2
Slide 23: Stable liquidity position – proportional recognition
Stable liquidity position – proportional recognition Asseco Poland Asseco International Formula Systems Asseco Group Eliminations Segment Segment Segment Cash 2 846.2 1 148.9 753.5 943.8 - Interest-bearing liabilities (ST) -479.4 -112.0 -116.9 -251.7 1.2 Liabilities from loans and borrowings (ST) -4
Slide 24: Order backlog
Order backlog 24
Slide 25: The Group’s order backlog
The Group’s order backlog Proprietary software and services Fixed rates* Variable rates** Backlog 2026/ revenues 2025 12 290 10 179 +14% 11 619 +21% 97% 10 179 2 003 2 003 +21% +21% Asseco Poland 1 662 1 662 2 826 Segment 2 812 +7% +8% Asseco International 2 627 2 627 Segment +15% +27% 7 461 Formula
Slide 26: The Group’s order backlog – proportional recognition
The Group’s order backlog – proportional recognition Proprietary software and services Fixed rates* Variable rates** Backlog 2026/ revenues 2025 +13% 4 750 4 844 93% +16% 4 191 4 191 +20% +20% 1 964 Asseco Poland 1 964 Segment 1 633 1 633 Asseco International +6% +6% 1 914 1 802 1 905 1 802 Segment
Slide 27: Attachments
Attachments 27
Slide 28: Financial results of regions and subsidiaries – proportional recognition
Financial results of regions and subsidiaries – proportional recognition Non-IFRS Non-IFRS net profit contribution Proportional recognition* Sales revenues operating profit * to Asseco Poland* Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Asseco Poland Segment 596.5 534.0 149.7 105.3 133.0 71.3 As
Slide 29: Financial results by product groups
Financial results by product groups Non-IFRS Non-IFRS Sales revenues EBITDA* EBIT* Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Solutions for finance 973.1 904.9 173.6 150.9 136.5 116.2 Asseco Poland Segment 178.1 150.1 48.5 35.1 43.3 29.8 Asseco International Segment 406.4 385.6 75.4 71.6 54.9 5
Slide 30: Financial results by product groups – proportional recognition
Financial results by product groups – proportional recognition Non-IFRS Sales revenues Non-IFRS EBIT** Proportional recognition* EBITDA** Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Solutions for finance 454.3 396.0 94.2 76.7 76.5 60.5 Asseco Poland Segment 169.4 142.3 46.8 33.6 41.8 28.5 Asseco
Slide 31: Asseco Group Asseco Poland
Asseco Group Asseco Poland www.asseco.com www.asseco.pl @asseco_group @asseco_pl linkedin.com/company/asseco-group linkedin.com/company/asseco-poland youtube.com/user/AssecoPolandSA facebook.com/AssecoPolandKariera/ facebook.com/AssecoPolandCareers/.
Slide 32: Legal disclaimer
Legal disclaimer The content available in the presentation is protected by copyright and is the property of the copyright holder. Texts, graphics, photographs, sound, animations and videos, as well as their arrangement within the presentation, are protected under the Act on Copyright and Related Rig