Double-digit growth of ASEE Group revenues in Q1 2025

Payment solutions main driver of growth

Warsaw, 25 April 2025: ASEE Group, (WSE: ASEECOSEE, ASE) has announced first-quarter 2025 financial results according to which the company generated sales revenues amounting to EUR 95.7 million in Q1, up 13% compared with a corresponding period of 2024. 

The biggest increase in sales revenues in Q1 2025, compared with a corresponding period of the last year, was generated by Payment solutions (+ EUR 11.6 million, up 28%) where sales revenues amounted to EUR 52.8 million. This growth was generated mainly by e-Commerce and Processing business lines which together grew by EUR 5.2 million followed by ATM related services business line (including IAD) where sales revenues were up EUR 4.8 million. Banking solutions also grew in Q1 2025 thanks to omnichannel and security solutions and amounted to EUR 18.4 million, up 10% (+EUR 1.7 million). Sales revenues of Dedicated solution decreased by EUR 2.2 million, down - 8%, compared with Q1 2024 and amounted to EUR 24.5 million.

Operating profit of ASEE Group totaled EUR 11.9 million in Q1 2025 and EBITDA EUR 17.9 million, up 8% and 9% respectively, compared with Q1 2024. The biggest increase in operating profit in Q1 2025 was achieved by Payment solutions (+EUR 1.1 million) where operating profit amounted to EUR 7.7 million, up 16.7%, followed by Banking solutions (+EUR 0.4 million) where operating profit reached EUR 4.4 million, up 7%. Operating profit of Dedicated solutions decreased by EUR 0.7 million and amounted to EUR - 0.2 million.

- Better financial performance of ASEE Group in Q1 2025 resulted mainly from the growth in Payment solutions, especially in e-Commerce and Processing business lines. Sales revenues also grew in Banking solutions, driven by core banking and channels solutions business lines, especially mobile and onboarding solutions – commented Piotr Jeleński, ASEE & Payten Group CEO.