Billionaire businessman Andrej Babis has won parliamentary elections in the Czech Republic, although his populist ANO party fell short of an overall majority, BBC reported.

ANO received just under 35% of the vote, earning them 80 seats in the 200-seat lower house – up from 72 seats four years ago, according to preliminary results.

Babis – who served as prime minister from 2017 to 2021 – is expected to be invited to lead talks on forming a new coalition.

"This is a historic success," Andrej Babis announced to cheering supporters at the ANO headquarters in the suburbs of Prague, according to BBC.