Passus S.A.

Passus S.A. Achieves Record Revenues and Strengthens Cloud & Cybersecurity Leadership in 2025

Passus S.A., a leading Polish IT integrator, reported a record-breaking year in 2025, with consolidated sales revenues reaching PLN 123.3 million, marking a 15% year-on-year growth. The Group’s EBITDA stood at PLN 14.8 million, and net profit from continuing operations was PLN 11.3 million, confirming sustained profitability amid expanding operations.

The company’s performance was driven by robust demand for cybersecurity and cloud solutions, especially in regulated sectors. Passus continued to adapt its cybersecurity portfolio to meet new GRC and NIS2 requirements, with increased focus on audits, risk analysis, and advanced XDR, SIEM, and SOC solutions. The integration of AI into security offerings was highlighted as both an opportunity and a new risk area, prompting investments in AI-driven threat detection and infrastructure protection.

In 2025, Passus maintained top-tier partner statuses with global vendors, including Cisco (Splunk), Riverbed, ManageEngine, Broadcom, Tenable, Google, Trellix, Fidelis Security, Fortra, Fudo Security, Sycope, and Digi. Notably, subsidiary Chaos Gears S.A. achieved AWS Premier Tier Services Partner status, the highest AWS partnership level, awarded to only about 1% of partners worldwide. This milestone confirms Passus’s capability to deliver large-scale cloud projects and strengthens its position in the AWS ecosystem.

Operational expansion was supported by investments in technical and sales teams, with a focus on cybersecurity, cloud, and AI competencies. The Group’s strategy aims for at least 15% annual revenue growth and EBITDA margin of 10% in 2026, targeting both Polish and international markets, especially in Western and Central Europe.

Financially, Passus’s assets increased by 25% to PLN 84.6 million, while equity decreased slightly due to dividend payouts and share buybacks. Liquidity and debt ratios remained stable, though the company noted longer receivables and payables cycles, reflecting the project-based nature of its business. The Group continued to secure major contracts with public sector and enterprise clients, including multi-million PLN and USD deals for cybersecurity, network monitoring, and cloud migration projects.

Corporate governance and compliance were confirmed by independent auditor KPW Audyt Sp. z o.o., which issued a positive opinion on the Group’s financial statements and ESEF reporting. Passus’s industrial security certificates from Polish, NATO, and EU authorities enabled ongoing participation in classified government and defense IT projects.

Looking ahead, Passus expects continued growth in IT and cybersecurity spending, driven by digital transformation, regulatory changes, and rising cyber threats. The Group’s strategic focus remains on expanding its cloud and AI-driven offerings, maintaining high partner statuses, and leveraging synergies across its business segments.

Relevance: This article is highly relevant as it demonstrates Passus S.A.’s strong financial performance, strategic positioning in cybersecurity and cloud, and its ability to secure top-tier partnerships and major public sector contracts, all core to its business profile.

Passus S.A. Faces Setback in Tender for IT Services

Passus S.A., a leading Polish IT integrator specializing in cybersecurity and IT infrastructure solutions, has lost a recent tender for IT services. The tender was awarded to a competitor who submitted a lower bid, securing the contract for a comprehensive IT infrastructure modernization project. Passus S.A.'s bid, while competitive, was ultimately higher than the winning offer, resulting in the company missing out on this opportunity.

The tender involved the implementation of advanced IT systems, including network performance monitoring and cybersecurity solutions, areas in which Passus S.A. has significant expertise. Despite its strong capabilities and reputation, the company was unable to secure the contract due to pricing considerations.

Relevance to Passus S.A.: This development highlights the competitive nature of the IT services market and underscores the importance of strategic pricing for Passus S.A. to secure future contracts in its core areas of expertise.

Passus S.A. Secures Major State Contract for Network Security Solutions

Warsaw-based IT integrator Passus S.A. has signed a significant agreement with a state-owned entity for the delivery and implementation of advanced network security solutions. The contract includes the supply of network probes and TAP devices for passive traffic interception and analysis, alongside software for monitoring and analyzing network incidents. The deal also encompasses technical assistance and warranty services.

The agreement is divided into two parts:

• Basic Order: Valued at up to PLN 8,870,000 gross, with a delivery timeline of 60 days for hardware and software, and 90 days for implementation and warranty services.
• Optional Order: Valued at up to PLN 9,135,000 gross, contingent on additional orders from the client. The optional order can be placed within 12 months for hardware/software delivery and up to 36 months for technical assistance services.

Payments will be made within 30 days of invoice submission, following the acceptance of completed work. The contract includes standard market penalty clauses, capped at 30% of the maximum gross remuneration.

This agreement is deemed crucial by Passus S.A. due to its substantial financial impact and alignment with the company’s expertise in cybersecurity and IT infrastructure solutions.

Relevance: The contract highlights Passus S.A.'s role in delivering cutting-edge network security solutions to government entities, reinforcing its position as a trusted partner in classified and high-value IT projects.

Passus S.A. Secures State Contract for Privileged Access Management System

Warsaw-based IT integrator Passus S.A. has signed a significant contract with a state-owned entity for the delivery of a Privileged Access Management (PAM) system, including licenses, technical support, and a five-year warranty. The agreement, valued at PLN 2,089,770 gross, allocates PLN 1,107,369 for system licenses and PLN 982,401 for technical support services. Passus is committed to delivering the licenses and support documentation within 10 days of the contract signing, with payments to be made within 21 days of invoice submission following acceptance protocols. The contract includes standard market penalty clauses and is expected to positively impact the company’s financial standing.

This development aligns with Passus S.A.’s expertise in cybersecurity and IT infrastructure continuity, reinforcing its role as a trusted partner for government and defense projects.

Passus S.A. Secures Major Government Contract for IT Vulnerability Scanning Solution

Warsaw-based IT integrator Passus S.A. has signed a significant agreement with a Polish State Treasury institution to deliver and implement an advanced IT vulnerability scanning solution. The contract, valued at PLN 4,164,641.00 gross, includes the provision of software licenses, system implementation, documentation, and a 36-month technical support service.

Under the terms of the agreement, Passus will complete project documentation within 15 business days and deliver and implement the system within 45 business days. Technical support services will be provided in three equal installments over the 36-month period following the system's acceptance. The contract also includes standard market penalty clauses, capped at 20% of the total contract value.

This deal underscores Passus S.A.'s expertise in cybersecurity and IT infrastructure solutions, aligning with its core business focus on delivering high-end IT systems for threat detection and performance monitoring.

Passus S.A. Secures Major Contract for Vulnerability Management System Implementation

Warsaw-based IT integrator Passus S.A. has signed a significant agreement with a company in the energy sector for the delivery and implementation of a comprehensive vulnerability management system. The contract, valued at PLN 1,318,639 net, includes the provision of software licenses with technical support for 60 months (PLN 922,139 net), implementation services such as technical project design, post-implementation documentation, and workshops (PLN 126,500 net), development services (up to PLN 150,000 net), and technical assistance services (up to PLN 120,000 net).

Passus is committed to delivering the licenses by January 14, 2026, with full system implementation scheduled for completion by May 10, 2026. Payments will be made in installments based on the completion of specific project milestones, with development and technical assistance services billed quarterly. The agreement includes standard market penalty clauses and is expected to positively impact the company’s financial performance.

Relevance: This contract aligns with Passus S.A.'s expertise in cybersecurity and IT infrastructure solutions, showcasing its ability to deliver advanced systems to critical industries like energy, further strengthening its market position.

Passus S.A. Subsidiary Secures $405,000 Cloud Security Monitoring Contract

Passus S.A., a leading Polish IT integrator, has announced that its subsidiary, Chaos Gears S.A., in which it holds a 55.8% stake, has secured a significant contract with a medical industry client. The agreement, valued at $405,000 net, involves the delivery of a three-year license for a cloud security monitoring solution. The project is set to be completed by December 31, 2025, with payment to be made within 30 days of invoice issuance upon successful project acceptance.

The contract is expected to have a substantial impact on the financial performance of both Chaos Gears and the broader Passus Group. Additionally, it provides a valuable reference for future projects in the cloud security domain.

Relevance: This development aligns with Passus S.A.'s expertise in cybersecurity and cloud engineering, reinforcing its position in delivering advanced IT solutions and expanding its footprint in the healthcare sector.

Passus S.A. Secures $455,089 Software Licensing Deal with Energy Sector Client

Warsaw-based IT integrator Passus S.A. has announced the receipt of a significant order from an energy sector client for software licenses aimed at enhancing IT system security. The order, valued at $455,089.79 net, was placed under a framework agreement previously disclosed by the company. Passus will deliver the licenses within seven days, with payment expected within 60 days following the issuance of a VAT invoice. The company’s management has highlighted the financial importance of this deal, emphasizing its positive impact on Passus’s overall financial standing.

Relevance to Passus S.A.: This deal aligns with Passus S.A.'s expertise in cybersecurity solutions and its focus on delivering high-end IT systems to large enterprises, including critical sectors such as energy.

Passus Secures PLN 15.6 Million Contract with Ministry of Justice for ManageEngine Software Deployment

Passus S.A., a leading Polish IT integrator, has signed a contract worth PLN 15.6 million gross with the Ministry of Justice for the delivery of ManageEngine software or equivalent solutions to court systems across Poland. The agreement highlights Passus’s expertise in providing advanced IT systems and solutions tailored to large-scale public-sector projects. The deployment aims to enhance IT infrastructure performance and security within the judicial system, ensuring operational continuity and compliance with national standards.

This development underscores Passus’s strong position in public-sector digitalization initiatives and its strategic partnerships with global technology vendors like ManageEngine.

Passus S.A. Secures $4.12 Million Cybersecurity Contract with Energy Sector Client

Warsaw-based IT integrator Passus S.A. has signed a significant five-year contract worth $4.12 million USD with a major energy sector company. The agreement involves the delivery and implementation of advanced cybersecurity solutions for threat detection and response, alongside technical support services and training programs. The breakdown of the contract includes:

• $4,033,437.73 USD: Licensing, hardware delivery, and technical support services.
• $57,000 USD: Implementation and activation of the solution.
• $29,562.27 USD: Training services.

Key milestones include the delivery of licenses and hardware by December 31, 2025, completion of implementation by June 1, 2026, and training within one year of deployment. Payments will be made in installments upon completion of each project phase, with a 60-day payment term following invoice submission.

The contract includes standard market penalty clauses and is deemed significant due to its financial impact on Passus S.A.

Relevance: This contract aligns with Passus S.A.'s expertise in cybersecurity solutions and IT infrastructure continuity, reinforcing its position as a trusted provider for large enterprises in critical sectors like energy.