Gloster's open order book grows steadily in Q4 2024

Gloster Infocommunications Plc closed the fourth quarter of 2024 with an open order book of HUF 4,739 million, an increase of 15% compared to the same period last year. This represents a significant increase of 92% (CAGR) in the growth rate of the open order book since 2021.

Following the sale of the Systems Integration business, Gloster's open order book consists exclusively of cloud-based services and software development projects that will provide the company with ongoing revenue and higher profits. Management is prioritizing the pursuit of high-value, long-term foreign technology projects that will further strengthen the company's growth prospects. The order backlog no longer includes orders from the Systems Integration business sold on 12 December 2024.

All products and services for which all subsidiaries of the Gloster Group have a valid order but have not yet been delivered to customers are included in the open order backlog. Gloster's open order backlog for the quarter was as follows:

all data in millions of HUF, unaudited, unconsolidated data

Source: Gloster Financial Department

* 2024 Q4 data do not include the open order book of the Systems Integration business sold on 12/12/2024

The Company's open order backlog increased by 15% to HUF 4,739 million in Q4 2024 compared to HUF 4,134 million in Q4 2023. Despite the sale of the Systems Integration business, the increase shows that our remaining activities continue to show strong growth and strengthen our core market position.

All data in millions in HUF, unaudited, unconsolidated data

Source: Gloster Financial Department

* 2024 Q4 data not available include open order books of the Systems Integration business

Our cloud business showed significant growth in the fourth quarter of 2024, supported by continued revenue growth in euros. The European public cloud market size reached USD 150-160 billion and Microsoft Azure market share ranged between 22-24%. The merger of Gloster Cloud Zrt. and Systemfarmer Zrt. created Hungary's largest domestically-owned Microsoft cloud services partnership, further strengthening our market position. The share of recurring revenues exceeds 80%, which provides us with stability and predictability. AI-based services and Microsoft's AI platform are also contributing to growth as more companies adopt these solutions.

In the international software development business, we continue to see a stable business and we are confident about the year ahead in terms of orders, with a steady flow of orders from our customers and framework agreements in place.

At Gloster - Minero IT Hungary Kft., orders for the first half of 2025 are already visible, which means that we can expect a stable start to the new year and orders for this year will continue to come in during the first quarter.

At Gloster - P92 Informatikai Ltd's largest customers, we continue to see stable business, with orders for current projects on the books for the whole of 2025. We are seeing a slight downturn in some smaller projects, however, there are two promising new clients where this is an advantage for a quick start of projects.

In addition to existing customer orders, we are also looking forward to new customer acquisition opportunities. Based on the strengthened work of our international sales teams and the relationships we have built over the past year, we expect to win more new clients and projects in 2025.

Analysts target prices

Gloster is followed by the independent investment provider Erste . Full analysis link and the target price can be found in the table below:

In this information, the quarterly stock of open orders represents the amount of orders already contracted at group level but not yet fulfilled as at 31.12.2024. The quarters included in the report are calendar quarters. This statement contains preliminary, unaudited, unconsolidated data.

Next, scheduled appearances

2025.Q1 Order backlog report - second week of April 2025

Present This prospectus has been prepared by Gloster Infokommunikációs Nyrt. Nagytarcsa, Csonka János u. 1/A. A/2. building). factual information and reasonable information based on reasonable calculations and reasonable and reasoned conclusions, which may be relied upon by persons entitled to do so under the applicable obligations under the applicable legal provisions. This (Act CXX of 2001 on the Capital Market), § 5 (1) paragraph 5(5)(9) of the Stock Exchange Act does not constitute an "investment recommendation" and is not subject to the provisions of the Bszt. (on investment firms and commodity exchange service providers and on the and the rules governing the activities they may carry out) Article 4(2)(8) does not include investment analysis, financial instruments, exchange-traded products or their issuers or other information, the disclosure of which would in itself or in any other way, may influence the investor to decide for himself or or other person's money or other assets from the effects of the capital market, in whole or in part to depend on the effects of the market. Gloster Infocommunications Plc and its representatives shall not are not responsible for any conclusions drawn from the information contained in this prospectus. for investment decisions based on the conclusions of the information contained in this report, their adverse legal consequences, or financial losses.

Nagytarcsa, 2025. january 13.

More Information:

dr. Adrienn Karlovich-Szabó

Investors relations officer

karlovich.szabo.adrienn@gloster.hu