Anadolu Group Posts 5.8 Billion Lira Nine-Month Profit
Nine-month revenue rose 3.4%, while the group signed an agreement to sell its 23% stake in Togg for €184 million.
Key takeaways
- Nine-month consolidated revenue increased 3.4% to 695.4 billion lira.
- Net profit excluding one-off effects rose 16.4% to 5.8 billion lira.
- Anadolu Group signed an agreement to sell its 23% Togg stake for €184 million.
Anadolu Group’s consolidated revenue rose 3.4% year over year to 695.4 billion lira in the first nine months of 2026. Net profit attributable to the parent, excluding one-off effects, increased 16.4% to 5.8 billion lira.
Earnings before interest, taxes, depreciation and amortization, or EBITDA, edged up 0.3% to 70.6 billion lira. Excluding the impact of Turkish Accounting Standard 29, revenue increased 35.8% to 659.3 billion lira and EBITDA rose 30.9%.
Revenue grew 5.4% in beverages and 4.1% in retail, while beer revenue fell 6.2%. Agriculture, energy and industry revenue increased 4.4%; automotive revenue declined 2.5%.
Chief Executive Burak Başarır said geopolitical tensions and weaker consumer demand in Turkey shaped the operating environment. He said the group’s consolidated net debt-to-EBITDA ratio fell to 1.0 at the end of the third quarter, from 1.1 a year earlier.
The group also signed an agreement on November 2 to sell its 23% stake in Togg for €184 million. Başarır said the transaction’s completion is expected to leave the holding company with a net cash position and a more focused portfolio.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
