The AB Group ended the third quarter of the 2025/2026 financial year with a marked increase in sales and profits, benefiting, amongst other things, from large public sector contracts and growing investment in IT infrastructure.
From April to June, the distributor’s revenue rose by 44.1 per cent year-on-year to PLN 4.58 billion. Operating profit rose by 69.1 per cent to PLN 90.7 million, whilst net profit increased by 65.6 per cent to PLN 55.9 million. After nine months of the financial year, AB has already recorded PLN 13.56 billion in revenue and PLN 191.1 million in net profit. This growth was driven, amongst other things, by deliveries under major public procurement contracts, including the AI laboratories project in schools.
These results are part of a much broader acceleration in infrastructure spending. Gartner forecasts that global IT spending will rise by 14.2 per cent in 2026, to US$6.37 trillion. For data centre systems, the expected growth reaches 62.5 per cent. The lion’s share of new investment is driven by AI, the cloud and the expansion of computing power.
For AB, this means a favourable environment for sales of servers, storage, networking and computers. Demand is also being sustained by the ongoing replacement of older computers following the end of support for Windows 10 in October 2025.
At the same time, this rapid growth has increased AB’s capital requirements. After nine months, cash flow from operating activities stood at -332.7 million PLN, compared with +113.8 million PLN a year earlier. As early as the first half of the year, the company indicated that the negative operating cash flow was primarily due to higher levels of stock built up for the AI Laboratories project. Handling increasingly large contracts therefore means not only a rise in sales but also greater working capital requirements.
