Asbis reports 91% rise in August revenue to $604m

Limassol, Cyprus. Technology distributor Asbis reported estimated consolidated revenues of approximately $604 million in August 2026, a 91 per cent increase from approximately $316 million in August 2025. The company said the performance followed strong growth in July.

Monthly revenue growth

Asbis said estimated revenues in July rose 89 per cent year-on-year to approximately $531 million, compared with approximately $281 million in July 2025.

The company said demand for artificial intelligence infrastructure, smartphones and servers across its international markets contributed to its performance.

Second-quarter results

Asbis recorded its most profitable quarter in its 36-year history during the second quarter of 2026.

Net profit reached $44.3 million, more than triple the $12.1 million reported in the corresponding quarter of 2025.

Quarterly revenue rose 78.7 per cent year-on-year to a record $1.69 billion, from $949.3 million a year earlier. Gross profit increased by 88.7 per cent to $119.9 million.

First-half performance

For the first six months of 2026, Asbis reported net profit after tax of $80.6 million, compared with $19.4 million in the same period of 2025.

Revenue for the first half reached $2.97 billion, up 76 per cent from the first half of 2025.