Gloster Digital Group Nyrt. closed the third quarter of 2025 with an open order backlog of HUF 2,563 million, representing a 32% increase compared to the same period of the previous year, where the 2024 figure no longer includes open orders from the sold system integration business[1]. Over the past two years, the order backlog has grown by an average of more than 50% per annum (CAGR).
Gloster quarterly open order books for the quarter were as follows:
| Quarterly | Business year | Open order book | % change compared to the same period of the previous year | Open order portfolio without System integration business* | % change compared to the same period last year Excluding system integration business* |
| Q1 | 2023 | 1320 | 827 | ||
| 2024 | 3470 | +163% | 2948 | +257% | |
| 2025 | 3939 | +13% | 3939 | +34% | |
| Q2 | 2023 | 1410 | 1211 | ||
| 2024 | 3369 | +139% | 2711 | +124% | |
| 2025 | 3494 | +4% | 3494 | +29% | |
| Q3 | 2023 | 1519 | 1117 | ||
| 2024 | 2584 | +70% | 1948 | +74% | |
| 2025 | 2563 | -1% | 2563 | +32% | |
| Q4 | 2023 | 4134 | 2960 | ||
| 2024 | 4739 | +15% | 4703 | +59% | |
| 2025 |
all data in millions of HUF, unaudited, unconsolidated data
Source: Gloster Finance Department
All products and services for which all subsidiaries belonging to the Gloster Group have valid orders but which have not yet been invoiced to customers are included in the open order book. This includes existing orders to be fulfilled by the end of 2025.
The Company's order backlog increased by 32% from HUF 1,948 million in Q3 2024 to HUF 2,563 million in Q3 2025.
All data in millions in HUF, unaudited, unconsolidated data
Source: Gloster Financial Department
Cloud Solutions business unit
The merger process launched in 2024 is progressing according to plan. During the integration, we have devoted significant resources to optimizing processes, which will result in synergies and cost efficiencies in the medium term.
Two key industry trends define are driving the growth of the business:
- NIS2 projects, where customers are entering the implementation phase, generating strong demand for our security infrastructure solutions,
- AI transformation projects that turn previous consultations into concrete developments, building on our Copilot and Azure AI competencies.
Through our new partnership with Cloudflare, we hope to participate in larger-scale, enterprise-level projects—the first joint projects are already underway, with positive customer feedback.
Digital Solutions business unit
Our open order book from the German market remains stable after the third quarter.
Compared to the same period last year, some of our smaller projects have come to an end, but in the third quarter of 2025 we started working with new clients—with smaller orders for now—which creates a promising basis for future expansion. We are optimistic about the upcoming negotiations regarding orders for next year.
Business development continued in the United Kingdom and the United States: in addition to expanding with existing customers, new strategic-level contacts were established, which could have a significant impact on revenue by 2026.
Next, scheduled appearances
2025 Q4 open order book report – second week of January 2026
This prospectus was prepared by Gloster Digital Group Nyrt. (registered office: 1038 Budapest, Fürdő u. 2.). This prospectus contains only factual information and conclusions based on reasonable calculations, which have been disclosed by the persons entitled to do so in accordance with the relevant 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 is not subject to the provisions of the Investment Services Act (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules Governing their Activities) and does not contain any investment analysis, financial instrument, exchange-traded products or their issuers, the disclosure of which, in itself or in any other way, could influence investors to make their own or other people'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 accept no responsibility for investment decisions based on conclusions drawn from the information contained in this prospectus, or for any adverse legal consequences or financial losses resulting therefrom.
Budapest, 13 October 2025.
More Information:
dr. Adrienn Karlovich-Szabó
Investors relations officer
karlovich.szabo.adrienn@gloster.hu
[1] The system integration business was sold at the end of 2024.
