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Asbisc Reports Record Q1 Profit As AI Infrastructure Demand Surges

by THEFUTURE.TEAM

May 8, 2026

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.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.