Connections (stock symbol CC), a flagship company in Romania’s digital transformation market, announces revenue growth and the consolidation of operating profitability in the first nine months of 2026.
Operating revenue rose by 22%, reaching RON 135.97 million, and the operating result increased by 146% to RON 19.17 million, while the operating margin doubled, exceeding 14%. Gross profit reached RON 19.55 million and net profit RON 15.80 million, both above the budget approved for the full year. Compared to the first nine months of 2025, net profit is lower, as the comparison base included the one-off gain from the sale of the Service Delivery division. The company is following its medium-term plan to move to the BVB main market and is taking a new step in this direction by entering, from 20 November, the Growth Market of the Bucharest Stock Exchange.
“2026 is a very relevant year for Connections, both from the perspective of internal discipline, which shows in our operational capacity and, implicitly, in the results, and in terms of keeping our promises to investors. Based on the nine-month results and the project portfolio, we estimate operating revenue for the full year 2026 above the level initially announced in the budget, and our commitment to continuous improvement is confirmed once again by the company’s inclusion on BVB’s new Growth Market, from the very first wave of issuers,” says Bogdan Florea, founder and co-CEO of Connections
As for the growth foundation, the company signed a 36-month framework agreement for the maintenance, extension and development of the information system of the Agency for Rural Investment Financing (AFIR), with a maximum value of RON 23.39 million excluding VAT. The agreement strengthens the recurring services component for the state’s critical platforms, a direction Connections is pursuing to diversify its revenue.
Its positioning in AI, cybersecurity and systems integration is backed by the significant contracts announced during the year: a RON 45.90 million contract excluding VAT with the Special Telecommunications Service (STS), for the supply and implementation of an artificial intelligence and high-performance computing platform, fully completed on 31 July 2026, as well as two subsequent contracts with the Authority for the Digitalization of Romania (ADR), worth a combined RON 143.03 million excluding VAT, for the migration of cybersecurity applications and the related hardware and software components, with a duration of 28 months.
„The contracts with STS and ADR show that we can deliver critical AI and cybersecurity infrastructure at national scale. It is a capability we will leverage beyond the public sector as well,” says Radu Marcu, co-CEO Connections.
Listed on the AeRO market in 2021, Connections has steadily improved its financial performance, and in 2025 decided to sell its Service Delivery division and concentrate on large-scale digital projects and value-added services. Since 2025, CC has consolidated its AI integration expertise by building a dedicated team, and over recent months it has run and completed significant cybersecurity initiatives.
Connections’ (CC) market capitalization exceeded RON 174 million at 30 September 2026, compared to RON 94 million at the end of 2025. The company is focusing its efforts on improving its internal processes and its good governance structure.
The full report on Connections’ Q3 / 2026 results can be read on the Connections/Investors page and on the BVB website. Also, by the end of November, the company will hold its fourth Investor Conference of the year, in an online format, LIVE on Connections’ social media pages.
