**Limassol-Based Technology Firm Asbis Reports Significant Revenue Growth in August 2026**
Limassol, Cyprus – Asbis, a technology distributor headquartered in Limassol, has announced an impressive surge in its estimated consolidated revenues for August 2026, reporting approximately $604 million. This marks a remarkable 91 percent increase compared to the same month last year, when revenues stood at around $316 million in August 2025.
The company disclosed these figures on Monday, highlighting a continuing trend of robust financial performance. This follows an equally strong July, during which Asbis recorded estimated revenues of approximately $531 million, reflecting an 89 percent year-on-year increase from $281 million in July 2025.
The latest revenue figures underscore a period of exceptional growth for Asbis, which recently achieved its most profitable quarter in its 36-year history during the second quarter of 2026. The company attributed this strong performance to heightened demand for artificial intelligence infrastructure, smartphones, and servers in various international markets.
In terms of profitability, Asbis reported a net profit of $44.3 million for the second quarter, more than tripling the $12.1 million recorded during the same period in 2025. For the first half of 2026, the net profit after tax reached $80.6 million, a substantial increase from $19.4 million during the first half of the previous year.
The company also achieved record quarterly revenues of $1.69 billion in the second quarter of 2026, representing a 78.7 percent increase from $949.3 million in the same quarter of 2025. Cumulatively, revenues for the first half of 2026 amounted to $2.97 billion, up 76 percent compared to the first half of 2025.
Asbis's gross profit for the second quarter increased by 88.7 percent year-on-year, totaling $119.9 million. The gross profit margin also improved to 7.07 percent, compared to 6.69 percent in the second quarter of 2025, indicating a strengthening of the company's profitability.
The strong revenue figures for July and August follow a record first half for Asbis, with monthly sales continuing to show substantial year-on-year growth. However, it is important to note that the August revenue figure is an estimate prepared by the company's board of directors and may differ slightly from the final accounting figure. Asbis publishes these estimated monthly consolidated revenues in accordance with its regulatory disclosure policy, and final figures may vary once the company completes its accounting and financial review processes.
Asbis's remarkable growth trajectory reflects the increasing demand for technology products and services, particularly in the fields of artificial intelligence and mobile technology. The company's ability to capitalize on these trends positions it well for continued success in the competitive technology distribution market.