**Limassol-Based Technology Firm Sees July Revenue Climb to $531 Million**
Limassol, Cyprus – ASBISc Enterprises Plc, a prominent IT distributor based in Cyprus, reported a remarkable revenue increase in July 2026, generating approximately $531 million. This figure marks an impressive 89% rise compared to the $281 million recorded in July 2025.
The company, commonly known as Asbis, disclosed this revenue estimate as part of its regulatory compliance, which includes the publication of monthly financial performance metrics. The board of directors emphasized that the reported figure is the best estimate available at this time, noting that final accounting results may vary slightly following comprehensive financial reviews.
This significant year-on-year growth underscores Asbis's robust commercial performance across its key operational markets. The surge in revenue is indicative of the strong demand for technology products, particularly in the realms of artificial intelligence (AI) infrastructure, smartphones, and servers, which have been pivotal in driving the company’s success.
Asbis's July performance follows a historic second quarter for the company, which was characterized by unprecedented profitability. In the second quarter of 2026, Asbis achieved a net profit of $44.3 million, a remarkable increase from $12.1 million during the same period in 2025. This milestone represents the highest quarterly profit in the company’s 36-year history.
The half-year report released by Asbis reflects a similar trend of exceptional growth. For the first half of 2026, the company reported a net profit after tax of $80.6 million, significantly up from $19.4 million in the first half of 2025. Total revenues for this period reached $2.97 billion, marking a 76% increase compared to the first half of the previous year.
Asbis's second-quarter sales also demonstrated substantial growth, rising 78.7% year-on-year to $1.69 billion, compared to $949.3 million in the same quarter of 2025. The gross profit for the second quarter soared by 88.7% to $119.9 million, with the gross profit margin improving to 7.07%, up from 6.69% a year earlier.
The company continues to closely monitor its financial metrics as part of its ongoing corporate disclosure obligations, ensuring transparency and accountability to its stakeholders. The strong financial performance reported by Asbis reflects not only its operational strength but also the growing demand for technology solutions in a rapidly evolving market.
Asbis remains committed to leveraging its position in the IT distribution sector to capitalize on emerging trends and maintain its trajectory of growth in the coming months.