Gloster continues its strong growth momentum in the second quarter of 2025

Gloster Digital Group Nyrt. closed the second quarter of 2025 with an order backlog of 3,494 million forints, representing a 29% increase compared to the comparable base year—adjusted for the 2024 sales of the systems integration business unit. This growth is particularly noteworthy given that the order backlog has been growing at an average compound annual growth rate (CAGR) of 70% since 2023, reflecting the company’s continued progress.

The dynamic growth of the order backlog shows that Gloster’s renewed strategic focus—particularly on international markets and high-value-added technology services—has already proven successful, even in the short term. By streamlining its portfolio and increasing the efficiency of its business operations, the company has been able to establish a stronger, more focused market presence, which lays the foundation for achieving its business goals in the coming period. The increase in the volume of orders from new and existing customers clearly demonstrates that the company has placed its long-term growth on a stable foundation.

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 29%, rising from 2,711 million forints in Q2 2024 to 3,494 million forints in Q2 2025. This growth reflects the organic expansion of current business activities and reinforces the company’s fundamental market position.

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

Source: Gloster Finance Department
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For the cloud business unit, one of the most significant milestones of the past six months was the successful completion of the 2024 merger. Two experienced professional teams combined their expertise, customer bases, and solutions, which not only ensured operational stability but also laid the foundation for further international growth. The integration proceeded smoothly, while we continued to strengthen our market position in the field of cloud-based services.

Based on our experience, our clients consider two things to be particularly important in the current economic environment: the uninterrupted operation of their IT systems and the security of their data. Our cloud-based solutions offer a reliable answer in both areas—we not only improve operational efficiency but also ensure the protection of critical business data.

Demand is growing significantly for customized, scalable, and secure cloud services, as well as solutions powered by artificial intelligence. Innovation will be the focus for the remainder of the year. Our strategic goal is to be a leader in the field of artificial intelligence and to provide smart, high-value-added services that give our customers a real competitive advantage. Building on our AI and cybersecurity expertise, we will further strengthen our market position.

We continue to maintain a stable position in the international software development sector, while actively seeking growth opportunities and expanding our partner network.

In the DACH region, our order backlog beyond Q2 2025 remains stable with major clients, in line with the trends outlined at the beginning of the year. Although a significant project came to an end during the quarter, we quickly secured a long-term contract with a new Austrian partner, in which we see significant growth potential. In addition, we have pilot projects underway with an increasing number of clients, and their successful completion could lay the groundwork for new orders. Overall, we have a positive outlook for the remainder of 2025.

In addition to the DACH region, our clients in the United Kingdom and the United States—alongside existing, stable orders—came to us with new requests, and our collaboration expanded in Q2 2025. Furthermore, we succeeded in signing a contract with a new Western European client, and we expect our collaboration to expand gradually in the second half of the year. We also signed a new, significant client contract in the domestic market, so we expect growth in the Hungarian market as well in the second half of 2025. Overall, our global presence is strengthening, and although exchange rates pose a challenge in the short term and reduce profitability, we anticipate positive growth prospects in the longer term.

Upcoming, Scheduled Releases

Q3 2025 Open Order Backlog Report - Second Week of October 2025

This prospectus was prepared by Gloster Digital Group Nyrt. (registered office: 1038 Budapest, Fürdő u. 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 Tpt. (Act CXX of 2001 on the Capital Market) and, pursuant to the Bszt. (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, in and of itself or in any other way, could influence an investor to make their own or another’s money or other assets, in whole or in part, dependent on the effects of the capital market. Gloster Digital Group 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, July 15, 2025

For more information:

Dr. Adrienn Karlovich-Szabó

investor relations officer

karlovich.szabo.adrienn@gloster.hu