Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (IST:AEFES)

IST:AEFES Financials Overview

Financials in millions TRY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	248,239	243,847	302,825	230,829	155,060	39,284
Revenue Growth	-16.44%	-19.48%	31.19%	48.86%	294.71%	46.90%
Gross Profit Gross Profit Growth	94,672	90,739	117,754	84,267	52,936	14,032
Operating Income Operating Income Growth	28,900	25,827	35,051	29,175	17,308	4,502
Net Income Net Income Growth	8,709	8,957	17,169	31,950	15,384	1,068
Earnings Per Share EPS Growth	1.47	1.51	2.90	5.40	2.60	0.18
EPS Growth	-41.27%	-47.83%	-46.26%	107.68%	1340.06%	31.12%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Soft Drinks Soft Drinks Growth	192,235	187,185	180,216	145,884	93,190	21,930
Beer Group Beer Group Growth	53,464	54,329	120,657	83,745	61,872	17,356
Other and Eliminations Other and Eliminations Growth	2,954	2,740	2,434	1,489	-	-
Inter-segment Sales Inter-segment Sales Growth	-414.6	-406.21	-482.52	-288.59	-1.93	-1.25
Total Total Growth	248,239	243,847	302,825	230,829	155,060	39,284

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	32,113	37,174	70,987	60,031	40,362	10,272
Total Debt Total Debt Growth	96,605	92,987	102,990	85,282	61,909	21,246
Net Cash (Debt) Net Cash Growth	-64,492	-55,813	-32,003	-25,251	-21,547	-10,974
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-10.89	-9.43	-5.40	-4.26	-3.64	-1.85

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	45,557	34,153	42,426	34,409	14,550	8,073
Capital Expenditures CapEx Growth	-15,825	-17,473	-23,270	-14,112	-8,350	-2,939
Free Cash Flow Free Cash Flow Growth	29,732	16,680	19,157	20,297	6,200	5,133
Free Cash Flow Growth	170.66%	-12.93%	-5.62%	227.37%	20.78%	53.47%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	38.14%	37.21%	38.88%	36.51%	34.14%	35.72%
Operating Margin	11.64%	10.59%	11.58%	12.64%	11.16%	11.46%
Pretax Margin	10.76%	10.50%	13.40%	25.93%	19.23%	9.68%
Profit Margin	3.51%	3.67%	5.67%	13.84%	9.92%	2.72%
FCF Margin	11.98%	6.84%	6.33%	8.79%	4.00%	13.07%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.127	-	0.127	0.235	0.213	0.185
Dividend Per Share Growth	0%	-	-45.79%	10.28%	14.88%	-4.13%
Dividend Yield	0.59%	-	0.68%	1.76%	3.33%	7.06%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	14.77	10.39	6.61	2.55	2.61	16.42
Forward PE	6.76	5.81	4.06	8.31	8.52	10.67
P/FCF Ratio	4.33	5.58	5.92	4.01	6.47	3.42
PS Ratio	0.52	0.38	0.38	0.35	0.26	0.45

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 11, 2026

Data Sources Report a data error