Record Earnings Outperform European Trends
Asbisc Enterprises reported record first-quarter results for 2026, posting net profit of $36.3 million and revenue of $1.27 billion. The Cyprus-based distributor said the quarter marked the strongest financial performance in the company’s history, supported by rising global demand for AI infrastructure and server equipment.
Robust Financial Performance And Margin Expansion
Revenue increased 72% year-on-year during the quarter ending March 31, while operating profit rose to $54.5 million from $16.4 million in Q1 2025. Gross profit margin also improved from 7.00% to 8.62%, reflecting stronger pricing dynamics and a growing contribution from higher-margin product categories.
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Accelerating Demand For AI Infrastructure And Servers
Server and server block sales became the company’s largest business segment for the first time, generating $407.9 million in Q1 2026. The category recorded 233% annual growth, surpassing smartphones, as investments in AI infrastructure, hyperscale cloud systems and enterprise computing accelerated globally.
Geographic And Strategic Expansion
Operations across Central and Eastern Europe, the Commonwealth of Independent States and emerging markets continued to support growth. Among the strongest-performing markets were Taiwan, where sales rose 1,992%, followed by the Netherlands at 385%, Ukraine at 168%, Azerbaijan at 120% and Kazakhstan at 86%. Expansion of logistics infrastructure in Accra and Abidjan also strengthened the company’s distribution network across Africa.
Strategic Initiatives And Forward Outlook
Recent initiatives included integration of Samsung retail accounting systems to improve inventory and financial reporting, as well as expansion of a distribution agreement with ABBYY across eight Eurasian markets. The company also partnered with the Cyprus government and Plug and Play to support startup ecosystem development in Limassol.
Confident Vision For Future Growth
Management said continued investment in cloud and AI infrastructure, alongside expansion into markets including Africa and Saudi Arabia, is expected to support further growth. The board recommended a final dividend of $0.35 per share, bringing total shareholder distributions to the highest level in the company’s history.
