The net profit is over 4.5-fold higher than the RON2.03 million net gain reported in the same period of 2025.
Its turnover soared by 120% to RON143 million (EUR27 million), while operational profit surged by 157% to RON11 million (EUR2 million). Almost its entire growth came from IT integration and associated services—a segment that includes equipment resale and generated revenues of RON137 million (EUR26 million). However, the high share of equipment in the delivered projects pushed the gross margin rate down to 19.7%, compared to 27.4% a year earlier.
Viewed separately, the third quarter brought operating revenues up by 49% to RON52 million (EUR10 million), but net profit decreased by 19% to nearly RON4 million (EUR0.7 million). During the quarter, the company set aside a provision for 2026 employee incentives, a tax-nondeductible expense that boosted the effective tax rate.
Invoice collection for projects delivered in the first part of the year enabled supplier payments and the full repayment of bank loans. Cash reserves reached RON27 million (EUR5 million) as of September 30, up from RON16 million (EUR3 million) a year earlier.
After nine months, the company achieved 81.8% of the turnover and 90.1% of the net profit projected in the revised October budget, which stands at RON175 million (EUR33 million) and RON10 million (EUR2 million), respectively. For the final quarter, CEO Florin Mărginean does not anticipate a performance similar to Q2 and Q3, but rather revenues slightly increasing compared to Q4/2025. On November 2, Arctic Stream signed a EUR4.9 million contract with a central administration client, in which it serves as the consortium leader with a 30% share.
AST shares closed Wednesday’s trading session, prior to the publication of the report, with a 2.1% appreciation to RON24.5, bringing the company’s market capitalization to RON106 million (EUR20 million). AST shares have gained 25% so far in 2026. Dragoș Diaconu, the Chairman of the Board of Directors, holds a 66% stake in the company.