Gloster's open order book continues to grow in the first quarter of 2025

Gloster Infokommunikációs Nyrt. closed the first quarter of 2025 with an order backlog of 3,939 million forints, representing a 13% increase compared to the same period last year. This represents a significant average annual growth rate (CAGR) of 69% in the order backlog since 2022.

The growth seen during the quarter is particularly noteworthy given that the Company has undergone a significant transformation in recent times. The steady expansion of the order backlog indicates that the portfolio’s increased focus and more efficient business operations are strengthening the Company’s market presence and contributing to the maintenance of its long-term growth potential. The volume of orders received from new and existing customers continues to provide a strong foundation for achieving the company’s business goals in the coming period.

It is important to note that the growth achieved in the first quarter of 2025 followed a period during which the Company made a significant strategic decision: on December 12, 2024, it sold its Systems Integration business unit in order to focus its resources on strengthening its presence in international markets. Nevertheless, the order backlog continued to rise compared to the first quarter of 2024. This positive trend indicates that the Company’s renewed focus is proving effective and that its international growth strategy is already having a favorable impact on the order backlog, even in the short term.

Gloster's quarterly open order backlog was as follows:

All figures are in millions of forints; these are unaudited, non-consolidated figures

Source: Gloster Finance Department

The open order backlog includes all products and services for which all subsidiaries of the Gloster Group have valid orders but which have not yet been invoiced to customers.

The Company’s order backlog increased by 13%, rising from 3,470 million forints in Q1 2024 to 3,939 million forints in Q1 2025. Despite the sale of the Systems Integration business unit, this growth demonstrates that our remaining operations continue to show strong growth and reinforce our company’s fundamental market position.

All figures are in millions of forints; these are unaudited, non-consolidated figures

Source: Gloster Finance Department

For the cloud business unit, the first fiscal quarter was an extremely busy period: we successfully completed numerous internal integration projects, while implementation of the next development phases began for several initiatives.

For the remainder of the year, demand for digital transformation will continue to grow; our clients are primarily seeking technological solutions that help optimize their business processes and enhance their competitiveness. Market demand has grown significantly for customized, cloud-based services and solutions that ensure data security. In addition, special attention is being paid to the data management challenges associated with the application of new technologies—particularly artificial intelligence—as well as compliance with the NIS2 regulation. System implementations were launched following numerous IT audits and will continue throughout the remainder of the year.

In the second quarter—as Hungary’s largest domestically owned Microsoft partner—we continue to focus on delivering innovative, high-value-added solutions. We are continuously expanding our customer base to include not only domestic but also international companies. Our strategic goal is to make Gloster Cloud’s expertise and services available in foreign markets as well, thereby strengthening our international presence.

In our international software development business , we have experienced a temporary decline in volume for certain existing orders; however, we view this situation as an opportunity for growth: we are actively working to identify new business opportunities and expand our existing market presence. As part of this effort, several promising negotiations are already in an advanced stage.

Our partnership with BMW is shaping up to be particularly promising in the medium term. The company has launched a series of workshops for its suppliers at the organizational level, with the aim of increasing the efficiency of software-based services, with a particular focus on further developing the international shoring model. This initiative could open up significant opportunities for us, particularly in the area of high-value-added services.

As a result of our ongoing sales efforts, we have successfully launched several small-scale pilot projects, and the initial feedback has been positive. These are of strategic importance, as we expect them to develop into larger-scale, long-term collaborations in the near future. In addition, we continue to place a high priority on strengthening our partner network and establishing new industry connections.

Upcoming, Scheduled Releases

Q2 2025 Open Order Backlog Report - Second Week of July 2025

This prospectus was prepared by Gloster Infokommunikációs Nyrt. (headquarters: 2142 Nagytarcsa, Csonka János u. 1/A, Building A/2). This prospectus contains only factual information and reasonable conclusions based on reasonable calculations, which have been disclosed by the authorized parties in accordance with applicable legal obligations. This prospectus does not constitute an “investment recommendation” within the meaning of Section 5(1)(9) of the Capital Markets Act (Act CXX of 2001 on the Capital Market) and, pursuant to the Securities Act (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules Governing Their Activities), does not contain any analysis, recommendation, or other information regarding investment analysis, financial instruments, exchange-traded products, or their issuers, the disclosure of which, on its own or in any other way, could influence an investor to make their own or another person’s money or other assets, in whole or in part, dependent on the effects of the capital market. Gloster Infokommunikációs Nyrt. and its representatives assume no liability for investment decisions based on conclusions drawn from the information contained in this prospectus, nor for any adverse legal consequences or financial losses resulting therefrom.

Nagytarcsa, April 9, 2025

For more information:

Dr. Adrienn Karlovich-Szabó

investor relations officer

karlovich.szabo.adrienn@gloster.hu