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ASBIS Enterprises Plc Reports Record $75.3 Million Net Profit, Leading Industry Growth

Historic Financial Performance Achieved

ASBIS Enterprises Plc reported a net profit of $75.3 million for the year ending December 31, 2025, according to results released on February 25, 2026. The figure marks the strongest annual performance in the company’s history.

Robust Revenue Growth And Strategic Focus

The Cyprus-based IT distributor posted record revenue of $3.86 billion, up 28.4% from $3.01 billion a year earlier. Fourth-quarter sales reached $1.25 billion, increasing 34.6% year on year. December revenue exceeded $500 million for the first time.

Growth was supported by a strategy focused on higher-margin products, expansion of value-added services, and development of proprietary brands including AENO, Canyon, and Lorgar.

Capitalizing On Emerging Technologies

Expansion in AI server and data-centre infrastructure became a key growth driver. Sales in the servers and server blocks segment rose 96.9% in Q4, reflecting rising demand for AI-related infrastructure and the company’s shift toward higher-value categories.

Financial Resilience And Operational Efficiency

Gross profit reached $311.6 million in 2025, up 12.3% year on year, while gross margin declined slightly to 7.22% from 7.98%. Total assets increased to $1.49 billion from $1.20 billion at the end of 2024. Operating cash flow reached $209.2 million in Q4.

Operating expenses rose 15.6% to $189.7 million, mainly due to higher personnel costs and marketing investments supporting expansion.

Diversification And Global Market Penetration

Geographical diversification remained a major contributor to growth. Sales in Taiwan increased 268% in Q4. The company also maintained operations in challenging markets such as Ukraine, supporting continuity despite geopolitical risks.

Expanding Retail Footprint And Future Business Lines

Beyond distribution, Asbis expanded its retail presence by opening a Bang & Olufsen flagship store in San Francisco and operating 32 Apple Premium Reseller outlets across seven countries. New business lines, including the Breezy trade-in platform and ASBIS Robotic Solutions, are expected to support growth in 2026.

Outlook: Confidence And Optimism

The company maintained its dividend policy, including an interim dividend of $0.20 per share paid in December 2025. Management expects further growth supported by a strong balance sheet, expansion into higher-margin categories, and continued investment in technology-driven segments.

Ryanair Cuts 20 Routes In Belgium As Aviation Taxes And Fuel Costs Rise

Ryanair is cutting 20 routes and more than one million seats from its Belgian winter 2026 schedule, citing higher aviation taxes and rising fuel costs. The airline said it would reduce its fleet by six aircraft across Brussels Charleroi and Brussels Zaventem, representing a $600 million reduction in investment.

At the centre of the dispute is Belgium’s planned aviation tax increase, from €2 per ticket in January 2025 to €7 in January 2027. Ryanair argues that higher charges will make the country less competitive than European markets with lower operating costs.

O’Leary Warns Of Higher Fares In 2027

Ryanair chief executive Michael O’Leary has also warned that airfares could rise significantly next year as the airline’s existing fuel price protection expires.

“We guarantee no fuel surcharges, but there is no doubt that air fares are going to rise significantly in 2027 because of much higher oil prices,” O’Leary told Euronews.

The airline has secured fuel prices at approximately $67 per barrel for 2026 through advance pricing agreements. O’Leary expects costs to roughly double next year as that protection ends.

Oil prices have risen amid the war in the Middle East and concerns over supply routes through the Persian Gulf. Brent crude closed at $109.86 per barrel on Friday, its highest level since May, before moving above $110, according to the report.

Belgium Faces Pressure Over Aviation Taxes

O’Leary argues that aviation taxes do more than increase airline costs: they can also redirect passenger traffic, investment and tourism towards countries with lower charges.

“The Belgian government is doing exactly the opposite,” he said, warning that the planned increase could discourage investment, reduce passenger numbers, hurt tourism and cost jobs.

Ryanair said it had already redirected six aircraft, more than one million seats and 20 routes away from Belgium for winter 2026. The airline warned that further cuts could follow if the tax remains unchanged.

It also criticised the EU emissions trading system, arguing that it raises the cost of intra-EU flights while flights to destinations outside the bloc do not face the same burden. O’Leary called for Belgium to abolish aviation taxes, saying higher charges would shift demand and tourism towards more competitively priced destinations elsewhere in Europe.

Airlines Face Wider Cost Pressures

Belgium’s planned tax increase was reduced from an earlier proposal to charge €10 per ticket following industry pressure. Ryanair maintains, however, that the revised rate remains too high.

The capacity cuts come as other airlines also adjust their schedules amid challenging market conditions. Sweden’s SAS and easyJet have both reduced flights this year.

Ryanair is urging the Belgian government to reconsider the tax, warning that maintaining higher charges could further weaken the country’s aviation market.

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