The company’s revenues are 11% higher against 2023 (RON126 million) and 4% lower than the level estimated in the budget of revenue and expenditure for 2024. Also, its 2024 net profit is 3.5% lower than the 2023 level of RON9.15 million.
On the one hand, Arctic Stream’s expenses grew 15% in 2024 versus 2023, and on the other hand, its operating profit stood at RON8.08 million, down 24% compared with 2023, mostly due to an adjustment of RON2.6 million, by setting up a risk provision, in the context of an ongoing litigation.
In 2024, Arctic Stream set off two strategic projects, one of which targeted a merger & acquisition (M&A) operation focused on purchasing 23% of the share capital of Data Core Systems (DCS), one of the leading players in the Romanian cybersecurity services market.
Arctic Stream is valued by investors at RON91.8 million and is 67.6%-owned by Dragos Octavian Diaconu. AST shares have traded 4.4% lower so far in 2025, amid deals worth RON400,000, as per stock market data.