Anadolu Grubu Starts 2025 with Revenue and EBITDA Growth

Anadolu Grubu increased consolidated sales revenues by 1.9% year-on-year in the first quarter of 2025, while EBITDA rose by 12.7%. The Group's consolidated parent company net profit reached TRY 580 million in the period.

Anadolu Grubu announced its financial results for the first quarter of 2025. Anadolu Grubu's consolidated sales reached TRY 134.6 billion in the first quarter of 2025, representing a 1.9% increase compared to the same period of the previous year. Excluding the impact of TMS 29 (inflation accounting), the Group's consolidated sales revenues increased by 40.5% year-on-year to TRY 132.4 billion.

Consolidated EBITDA in the first quarter of 2025 rose by 12.7% to TRY 8.1 billion. Excluding the impact of TMS 29, the Group's consolidated EBITDA in the first quarter increased by 14.5% compared to the previous year to TRY 12.2 billion. The Group's parent company net profit in the first quarter of the year was TRY 580 million. Net profit for the period independent of TMS 29 impact was realized as TRY 5.2 billion.

Anadolu Grubu Chief Executive Officer Burak Başarır commented on the results, stating: "The first quarter of 2025 was a period in which developments that clouded the future of global trade came to the forefront, with continuing geopolitical tensions and macroeconomic challenges continuing to have an impact. In the first quarter, we observed the effect of declining consumer purchasing power on the sectors in which we operate. Within these challenging conditions, Anadolu Grubu, thanks to our proactive management approach, our close relationship with our consumers and our balanced portfolio structure, started 2025 with revenue and EBITDA growth."

"We are maintaining our 2025 outlook in the same manner"
Burak Başarır said that they maintained a cautious outlook for the remainder of the year due to continuing fluctuations and uncertainties in the markets in which they operate, as well as continued weakness in consumer confidence. Başarır stated: "However, we have confidence in the progress we have made to create sustainable value in the long term, and we are maintaining the 2025 outlook we shared at the beginning of the year in the same manner. In 2025, as the leadership team of Anadolu Grubu, our most important focus areas will continue to be maintaining our close relationship with our customers and consumers, correct pricing to maintain affordability in our markets, operational efficiency through effective product mix management, effective cost management, effective and disciplined financial management, digitalization and sustainability efforts. Thanks to our strong financial structure and long-term strategies, we continue our determination to turn risks into opportunities. Our goal is to continue our sustainable growth without compromising our principles of responsible management, creating value for all our stakeholders."

Beverage Group demonstrated strong volume performance across all markets
Anadolu Grubu achieved strong volume performance across all markets in the first quarter, despite continuing challenges in countries where the Beverage Group operates. Burak Başarır stated: "By focusing on affordability, we accelerated our marketing activities ahead of the Ramadan period. With the contribution of our continuing quality product mix strategy, we successfully continued our operations. For the remainder of the year, we expect our cost base to be gradually balanced as revenue growth accelerates, and we are maintaining our 2025 outlook shared at the beginning of the year in the same manner."

Developments relating to beer operations in Russia are being monitored
In the first quarter, the Beer Group's consolidated volume showed a slight decline compared to the first quarter of 2024, which was a strong base. Noting that Russia operations have begun to be classified under 'Financial Investments' on the balance sheet as of this period, Burak Başarır stated: "It will be followed in this manner until the current situation becomes clear. We continue to closely monitor developments relating to our beer operations in Russia. Throughout 2025, we will continue to strengthen our popular and premium segment brands, opening up to new geographies and product categories with the aim of achieving market share growth across all our operations."

Migros continued to grow in the first quarter
Migros Group continued its revenue growth and market share gains in the first quarter of 2025. Pointing out that profitability was achieved at reasonable levels in the first quarter of the year despite rising labor costs, Burak Başarır stated: "We expect the impact of labor cost increases, as in the previous year, to show a downward trend in the second half of the year. Our expectations for 2025 remain valid."

Noting that Çelik Motor within the Automotive Group achieved strong revenue growth by increasing its market share in the passenger vehicle segment, Burak Başarır stated: "However, across the automotive group in general, we are observing the effects of the highly competitive environment in the sector on our profitability. As a result of our priorities such as successful operational performance, solid balance sheet structure, proactive risk and working capital management, generating positive free cash flow, valuation of idle assets and reducing foreign exchange exposure positions, our consolidated Net Debt/EBITDA ratio, despite challenging macroeconomic conditions, tracked parallel to the same period of the previous year at 1.6x."

Anadolu Grubu, with the vision of being "the star connecting Anatolia to the world and the world to Anatolia," operates today in 20 countries with more than 80 companies, approximately 100 production facilities, 6 research and development centers and more than 100,000 employees across 8 sectors: beer, beverages, retail, agriculture, automotive, office supplies, energy and healthcare. Founded in 1950 by the Yazıcı and Özilhan families, the Group is one of the largest driving forces of the Turkish economy through both its numerical data and production capacity as well as the projects it has developed and participated in. Through partnerships with world-leading brands and companies in their respective fields such as AB InBev, The Coca-Cola Company, Faber-Castell, Isuzu, Kia, Honda, Honda Marine, Kohler, Johns Hopkins Medicine, it operates in line with its mission of being a multinational and entrepreneurial group. The Group's 2024 revenue reached TRY 563.8 billion, while its total assets amounted to TRY 543.7 billion.

It manages its work in environmental, social and corporate governance within its sustainability strategy and the value areas of Nature, Business and People's "tomorrow". Within the scope of its social responsibility approach, the Group carries out work in many areas such as agriculture, education, health, sports, culture-arts and tourism, and realizes its contributions to society responsibly through its social organizations: Anadolu Foundation, Anadolu Health Center Hospital and Anadolu Efes Sports Club.

Through its partnership culture with global brands and multinational companies, its expertise in branded consumer products, its experience as a strong regional player across a wide geography and its strong corporate governance approach, Anadolu Grubu continues its rapid and healthy growth by adding value with a sustainable approach in every field in which it operates.