AB Group following the financial year 2024/2025: strong results in a challenging year, very good outlook

  • Listed on mWIG40, the largest IT and consumer electronics distributor in the CEE region (WSE: ABE), has reported very strong annual results and is highly optimistic about the already commenced 2025/2026 financial year, particularly in light of its involvement in large-scale public tenders, ongoing digital transformation, and the growing importance of cybersecurity and artificial intelligence.
  • In accordance with the dividend policy, provided that its assumptions are met, the dividend may amount to up to 60% of consolidated net profit

The AB Group of the Dolnośląskie Province, the fifth-largest IT distributor in Europe and ranked 14th globally, increased its proceeds from sales to nearly PLN 3.5 billion in the fourth quarter 2024/2025 financial year (Q3 2025 of the calendar year), and to almost PLN 15 billion for the full financial year (+3% YoY). In the fourth quarter of the financial year, the AB Group generated PLN 149.8 million in gross profit from sales (+8% YoY) and PLN 38.7 million in net profit (+3% YoY). In the full 2024/2025 financial year, gross profit on sales was maintained at over PLN 590 million, while net profit amounted to PLN 174 million. As a result of its ongoing operational efficiency improvements, the AB Group reduced its key industry SG&A cost ratio to 2.1% in the past financial year and generated more than PLN 108 million in positive operating cash flow. At the end of the financial year, the AB Group – despite paying dividends, conducting buybacks, increasing inventories and reducing debt – had PLN 134.6 million in cash, high credit limits and a very low net debt-to-EBITDA ratio (below 0.3).

We focus on optimising working capital efficiency and reducing financial costs. Despite the challenging environment in the past financial year and the high benchmarking base, we have maintained profitability and business scale, generated substantial cash and have a strong balance sheet and safe financial ratios. Importantly, we also have significant room for growth in the coming periods, comments Grzegorz Ochędzan, Vice President of Finance at the AB S.A.

– The last few months have been a time of intensive work to utilise the market potential, which we have succeeded perfectly. In the new 2025/2026 financial year, we are witnessing a recovery, both in the implementation of public tenders and in demand from other segments. In addition to increasing public sector activity, we are also seeing a recovery in investment on the corporate side. Buzzwords such as artificial intelligence and cybersecurity are translating into purchases, similarly to digital transformation, XaaS, cloud, technological convergence, e‑commerce growth, and recent digitisation-related regulations, such as the AI Act, CSRD, and NIS2. The effect of the end of Windows 10 support and the general replacement of hardware bought during the pandemic is apparent. Poland and our region have invested more and more, and the AB has every predisposition and asset to make very good use of this favourable time for the IT industry, emphasises Andrzej Przybyło, President of the Management Board of the AB S.A.

The dividend policy adopted in September 2025 is to allocate 60% of consolidated net profit to dividends, which would represent a significant increase in the amount of dividends compared to previous years. Final decisions in this regard will be taken by shareholders at the General Meeting.

– the AB has consistently followed a path of long-term growth and shareholder value creation. At the same time, we have reached a point in our development where we are increasingly able to reconcile capital needs for organic growth with opportunities to distribute profits directly to shareholders. We continue share repurchase and aim to pay a growing dividend, as clearly communicated in the Dividend Policy adopted by the Management Board last September, comments CEO Przybyło.

The AB Group has already paid increasing dividends for the previous five financial years, making it eligible for both of the WSE’s dividend indices, i.e. WIGdiv and WIGdivplus, in December 2025. At the same time, stock market analysts maintained positive recommendations, with four security and derivative dealers including AB among their top picks for 2026, providing further confirmation of the company’s investment appeal. Furthermore, the AB Group has continuously been voted Distributor of the Year in the prestigious Context survey for 11 years and has received the highest number of industry awards, confirming the leading quantitative and qualitative position of the business. The AB Group has been regularly assessed in EcoVadis ratings since 2020, maintaining its position among the highest-ranked distribution companies in terms of ESG criteria. The commitment to responsible development is also confirmed by the title of “The Best Company in the IT Industry in the Technology Responsibility and Sustainability Category”, awarded by the editors of IT Reseller.