Polisan Holding Announces First Quarter 2025 Financial Results

Polisan Holding generated TRY 1.5 billion in consolidated revenue and TRY 140 million in earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first three months of 2025. During the same period, the company disclosed strategic restructuring plans for its Paints Group subsidiaries.

Polisan Holding, which operates in the chemicals, paints, port operations and real estate sectors, published its first quarter 2025 financial results on the Public Disclosure Platform (KAP). During this period marked by challenging market conditions and economic uncertainty, the Holding reported gross profit of TRY 246 million and EBITDA of TRY 140 million.

Cantekin Dinçerler, CEO of Polisan Holding, commented on the results as follows:
"Global and regional developments over the past two years have been straining market conditions. Global economic slowdown, contraction in domestic demand and particularly the widening gap between inflation and exchange rates continue to pressure the Holding's consolidated performance.

While managing this pressure, we are continuing to take necessary measures to mitigate the impact of rising financing costs and working capital requirements on our operating results. Despite challenging market conditions, Polisan Holding is preparing the infrastructure for new investments on one hand while initiating strategic transformation steps on the other."

Strategic restructuring in Paints Group subsidiaries
Dinçerler announced that a restructuring process has been initiated in the Paints Group as part of Polisan Holding's strategic transformation. Following a Board of Directors decision, a partial demerger process has been launched to transfer Polisan Kansai and Rohm and Haas, subsidiaries operating in paint manufacturing and paint chemicals, to a newly established company, with an application submitted to the Capital Markets Board. Dinçerler emphasised the strategic importance of this step, continuing as follows:

"Making the Paints Group an independent entity will allow this business line to grow according to its own dynamics while enabling the Holding to focus more clearly on its strategic objectives. The demerger is expected to create additional value for all our stakeholders in the short and medium term."