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Q3 and 9M 2025 Presentation IN THE EYE OF AI CYCLON - ANOTHER BEAUTIFUL QUARTER 06 November 2025
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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 its standing or prospects in a comprehensive or in-depth manner. Therefore, anyone who intends to make an investment decision with respect to the Company should rely on the information disclosed in the official reports of the Company, published in accordance with the laws applicable to the Company. This Presentation was prepared for information purposes only and does not constitute an offer to buy or to sell any financial instruments. • The Presentation may contain 'forward‐looking statements'. However, such statements cannot be treated as assurances or projections of any expected future results of the Company. Any statements concerning expectations of future financial results cannot be understood as guarantees that any such results will actually be achieved in future. The expectations of the Board of Directors are based on their current knowledge and depend on many factors due to which the actual results achieved by the Company may differ materially from the results presented in this document. Many of those factors are beyond the awareness and control of the Company or the Company’s ability to foresee them. • Neither the Company, nor its directors, officers, advisors, nor representatives of any such persons are liable on account of any reason resulting from any use of this Presentation. Additionally, no information contained in this Presentation constitutes any representation or warranty of the Company, its officers or directors, advisors or representatives of any of the above persons. The Presentation and the forward‐looking statements speak only as at the date of this Presentation. These may not be indicative of results or developments in future periods. The Company does not undertake any obligation to review, to confirm or to release publicly any revisions to any forward‐looking statements to reflect events that occur or circumstances that arise after the date of this Presentation.
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01. KEY CORPORATE EVENTS 02. FINANCIAL RESULTS 03. OUTLOOK FOR 2026 04. BACK-UP Agenda
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Key corporate events 4 October 2025 November 2025 ASBIS has successfully conducted a due diligence process at Matrix Media – owner of the Samsung Brand Store retail chain in Poland. ASBIS completed a due diligence process at Matrix Media Interim dividend payment The BOD decided to pay an interim dividend from 2025 earnings of USD 0.20 per share. ASBIS expanded warehouse space by 20% ASBIS has completed the construction of a new 20,000 m² logistics and warehouse facility in Kazakhstan. October 2025
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NEW WAREHOUSE IN KAZAKHSTAN The new warehouse space will be equipped with a state-of-the-art Warehouse Management System (WMS) for advanced management of warehouse operations. It will also feature a Transportation Management System (TMS) to provide comprehensive management of logistics and transportation processes. The total usable area of the facility is 24,955 m², includes: • Office space: 4,697 m² • Production: 2,698 m² - for the needs of Breezy • Warehousing: 17,560 m² This facility takes our total warehousing to 70,000 m2.
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2.8 3.3 5.6 11.1 11.1 11.1 11.1 3.3 5.6 7.5 16.7 16.7 25 27.8 27.8 from 2017 NI from 2018 NI from 2019 NI from 2020 NI from 2021 NI from 2022 NI from 2023 NI from 2024 NI A decade of hefty dividend payments 6 DIVIDENDS PER SHARE (USD) More than USD 130 milion has been paid in dividends since 2016. We aim to maintain our dividend policy – paying up to 50% of the audited NPAT and a continuation of dividend payments in 2 tranches. * Interim dividend payment The Company aims to continue payment of hefty dividends.
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01. KEY CORPORATE EVENTS 02. FINANCIAL RESULTS 03. OUTLOOK FOR 2026 04. BACK-UP Agenda
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8 Successful Q3 and 9M 2025 US$ m Q3’25 Q3’24 YoY Revenue 929.5 722.5 29% Gross profit 65.3 55.2 18% Gross profit margin 7.03% 7.64% -0.61ppt SG&A costs 42.0 36.2 16% Profit from operations 23.3 19.0 23% Operating margin 2.51% 2.63% -0.12 ppt Financial income 0.7 0.4 93% Financial expenses -9.2 -7.6 22% Profit before tax 14.6 11.7 25% Tax -2.9 -2.2 32% Profit for the period 11.6 9.5 23% Net margin 1.25% 1.31% -0.06 ppt US$ m 9M‘25 9M‘24 YoY Revenue 2,615.2 2,081.6 26% Gross profit 180.4 165.8 9% Gross profit margin 6.9% 7.96% -1.06 ppt SG&A costs -117.2 -107.0 10% Profit from operations 63.2 58.8 8% Operating margin 2.42% 2.82% -0.4 ppt Financial income 1.9 1.1 65% Financial expenses -26.3 -23.4 12% Profit before tax 38.9 36.6 6% Tax -7.8 -7.0 11% Profit for the period 31.1 29.6 5% Net margin 1.19% 1.42% -0.23 ppt Record high top- line both in Q3 and 9M 2025 Gross margin rebounded to 7.03% in Q3 2025. NPAT increase by 23% in Q3 2025 YoY. SG&A costs grew at a slower pace than revenues. Upfront prepayments positively impacted financial income..
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339 250 139 133 115 71 257 165 95 105 60 27 0 50 100 150 200 250 300 350 400 United Arab Emirates Slovakia Germany Poland Netherlands South Africa Revenues 9M 2025 Revenues 9M 2024 • Kazakhstan became again no.1 country, following the realization of large AI server projects and improved smartphones sales. • Ukraine – despite further intensification of the hostilities, generated the growth. • Poland is growing dynamically month by month, with a focused and super dedicated team. • Taiwan – new entrance in TOP 10 in Q3 2025, as a result of the completion of the big data centers and cloud projects. 9 KEY COUNTRIES’ REVENUES (US$ m) Taiwan in TOP 10 Q3 2025 VS Q3 2024 Key countries with the highest sales growth in 9M 2025 +32% +52% +46% +27% +93% +168% 121 104 97 93 49 49 37 34 32 31 98 96 60 89 43 41 27 27 4 14 0 20 40 60 80 100 120 140 Kazakhstan Ukraine Slovakia United Arab Emirates Poland Azerbaijan Germany Czech Republic Taiwan Netherlands Revenues Q3 2025 Revenues Q3 2024
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10 Q3 2025 AI boom everywhere • The CIS region has continued a positive upward trend, following explosive investment into AI and hyperscale datacenters (mainly in Kazakhstan). • Robust growth in CEE region, driven by powerful growth in Slovakia and Poland. • Significant growth achieved in Western Europe, mainly fueled by Germany and Netherlands. • Massive growth in „Other” primarily driven by the AI boom mainly in Taiwan. US$ m Q3‘25 Q3‘24 YoY Commonwealth of Independent States 345.3 291.7 18% Central and Eastern Europe 270.0 216.6 25% Middle East and Africa 144.5 127.5 13% Western Europe 103.0 71.4 44% Other 66.7 15.3 336% TOTAL 929.5 722.5 29% REVENUES BY REGIONS (USD m) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 CIS CEE MEA WE Other
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11 Q3 2025 servers and server blocks – keep significant momentum • Q3 2025 was the best Q3 for smartphones sales, driven by a continuous strong demand for different iPhone models, and improved market conditions, mainly in KZ. • Continuation of the positive storm in AI server components and data centers building blocks. • Robust growth in laptops due to approaching end-of-support for Microsoft Windows 10 and increased demand from businesses for remote and hybrid work. • Networking products keep growing dynamically, driven by high demand for high-speed internet, cloud computing, and the Internet of Things (IoT). US$ m Q3‘25 Q3‘24 YoY Smartphones 307.6 298.9 3% Servers & server blocks 183.8 64.3 186% CPUs 102.4 68.8 49% Laptops 64.5 58.9 9% Networking products 28.2 18.2 55% TOTAL 929.5 722.5 29% REVENUES BY PRODUCT LINES (US$ m) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Smartphones Servers and server blocks CPUs HDDs Laptops SSD Other
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HOW AI BOOM ELEVATED ASBIS 9M 2025 REVENUES 15.1 M$ 91.5 M$ 41 M$ 193 Μ$ +240% +730% +1 424% YoY YoY +21% 341 M$ Server HDD Server SSD Server CPU Server DRAM
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13 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 processors ▪ Networking ▪ Storage solutions ▪ HDDs and SSDs ▪ Flash memory
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14 SG&A costs NUMBER OF EMPLOYEES SG&A COSTS In Q3 2025 the headcount slightly increased as compared to Q2 2025 following further investment in a new warehouse in Kazakhstan. In Q3 2025 we have employed 85 people less, as compared to Q3 2024. SG&A expenses continued to decrease YoY as a percentage of sales. SG&A costs increased, scalably, mainly to support growing operations in Africa, Italy and the United States. 2 627 2 673 2 787 2 822 2 803 2 779 2 719 2 707 2 718 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 parent company subsidiaries 33.9 39.7 34.6 36.1 36.2 38.8 35.2 40.0 42.0 4.4% 4.4% 4.9% 5.6% 5.0% 4.2% 4.8% 4.2% 4.5% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 SG&A costs (US$ m) SG&A % revenues
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15 Cash engaged in working capital • High revenue growth resulted in the need to involve more cash into working capital. • New product launch and realization of the big data centres projects require significant inventory investment. • The Group aims for positive 2025 operating cash flow despite strong growth. NWC: 20% of sales NWC: 19% of sales NET WORKING CAPITAL (US$ m) US$ m 9M 2025 9M 2024 Net cash from operating activities -54.1 -9.9 Net cash from investing activities -12.6 -12.8 Net cash from financing activities -2.9 -21.2 Net movement in cash and cash equivalents -69.6 -43.9 475 411 513 313 -467 -321 Q3'25 Q3'24 Inventories Trade receivables Trade payables
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Indebtedness at safe level 16 US$ m 9M 2025 9M 2024 YoY Short term borrowings (excl. leases and factoring) 203.6 131.6 55% Long term borrowings (excl. leases) 14.1 13.9 2% Other long-term liabilities 1.0 0.9 10% Cash and cash equivalents 112.2 106.2 6% Factoring creditors 63.1 40.4 56% Net debt (no factoring) 106.5 40.2 165% Net debt (incl. factoring) 169.6 80.6 111% 0.3x EXCLUDING FACTORING 0.5x INCLUDING FACTORING At end of September 2025 net debt/equity still at safe level High level of cash position in seasonally NWC intensive quarter. The Company's ability to access external financing remains very strong with decreasing WACD.
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01. KEY CORPORATE EVENTS 02. FINANCIAL RESULTS 03. OUTLOOK FOR 2026 04. BACK-UP Agenda
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18 2026 outlook PRODUCTS • New Apple products introduction • More emphasis on own brands • Further development of Breezy and AROS • More sustainable products MARKETS • Continue focus on CIS countries • Development in Western and Southern Europe • Progressing expansion in Africa and USA CLIENTS • Continued focus on business customers • More retail customers • More Premium Retail Stores At ASBIS we continue to strive for more. We will do our best to beat 2025 results in 2026. FINANCIAL • SG&A costs optimization • Gross profit margin to elevate at higher level • Lower financial costs • Continuation of hefty dividend payments
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19 Key 2026 risks and opportunities OPPORTUNITIES • Stabilization of geopolitical situation • Signing of new agreements for servers and server blocks • New EU and government funds for IT programs • Potential M&As • Fast growing presence in new markets. RISKS • Unstable geopolitical situation in Europe and Asia • Illicit trading and new regulations • Supply chain disruptions • Volatile FX environment • High interest rates
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Q&A
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01. KEY CORPORATE EVENTS 02. FINANCIAL RESULTS 03. DIVIDEND PAYMENT 04. BACK-UP Agenda
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Premium Retail chain of Bang & Olufsen boutiques and Prestigio Plaza stores operated by ASBIS Group. From exclusive Band & Olufsen experience to stores with electronics of world-class brands in various categories. iSpace is a network of premium retail stores and Apple’s official partner with Apple Premium Partner status. Premium Retail Business23 Kazakhstan 33 33 iSpace stores in 7 countries 7 7 Bang & Olufsen stores in 4 countries South Africa2 Cyprus3 Azerbaijan4 Uzbekistan1 Ukraine7 Moldova 2 Armenia 3 Georgia6 10 1 Italy1
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ASBIS own brands 24 AENO is a brand of smart home appliances offering top-level quality, customer service, and design. www.aeno.com Prestigio Solutions specializes on innovative technological solutions for business and education. www.prestigio-solutions.com Lorgar is a brand of gaming devices aimed to bring the gaming experience to a high level. www.lorgar.eu Canyon is a dynamically growing brand of stylish mobile accessories, computer gadgets, wearables www.canyon.eu
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ASBIS continues engagement in ESG initiatives 25 Continuous reporting since 2017 report. Application of SASB and now ESRS standards. Diverse Board of Directors (5 executives, 3 NEDs; women 37.5%). Full greenhouse gas calculations Scope 1-3 in line with GHG Protocol. Climate risks and scenarios analysis. Comprehensive double materiality analysis conducted which returned 29 material ESG topics. Breezy concept key to circular economy actions. ASBIS awarded The Great Place to Work three years in a row. Company conscious of human rights: long standing Code of Ethics, Human Rights & Labor Policy and RBA Code of Conduct.
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Shareholder structure 26 Number of shares & votes % of share capital & votes KS Holdings Ltd * 20,448,127 36.84% Zbigniew Juroszek** 3,028,640 5.46% Free-float 32,023,233 57.70% TOTAL 55,500,000 100.00% As of : 2025-11-05 *Siarhei Kostevitch holds shares as the sole shareholder of KS Holdings Ltd ** Zbigniew Juroszek together with related entities. Affiliation to indexes: KS Holdings Ltd* Zbigniew Juroszek ** Free-float
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Thank you CONTACT FOR INVESTORS: Constantinos Tziamalis Deputy CEO +357 25857188 costas@asbis.com Bartosz Basa IR Manager +48 691 910 760 b.basa@asbis.com CONTACT FOR MEDIA: Iwona Mojsiuszko Managing Director of 8Sense PR +48 502 344 992 iwona.mojsiuszko@8sensepr.pl