Turkey · Delayed Price · Currency is TRY Haci Ömer Sabanci Holding A.S. Earnings Call Transcripts
Fiscal Year 2025
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Returned to profitability in 2025 with TRY 3.8 billion net income, driven by strong banking and energy segments, disciplined capital allocation, and improved operational cash flow. Maintained robust balance sheet and ESG ratings, while navigating volatile macro and regulatory environments.
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Substantial positive momentum in Q3 2025, with margin expansion in most segments and strong cash flow. Energy and material technologies saw capacity and operational gains, while banking and financial services delivered improved profitability.
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Solid Q2 results with 4% revenue growth, strong non-bank EBITDA margin expansion, and robust cash flow, despite challenging macro and geopolitical conditions. Strategic investments in renewables and capacity expansion continue, with a cautiously optimistic outlook for 2025.
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Leadership transition and strategic restructuring supported resilient performance, with a 4% year-over-year revenue increase and improved margins despite ongoing volatility. Strong banking and energy segments offset challenges in materials and mobility, while prudent financial discipline and a robust balance sheet underpin future growth.
Fiscal Year 2024
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2024 saw 6% revenue growth but a sharp EBITDA decline due to inflation and monetary losses, with non-bank segments showing operational improvement and strategic investments in energy, digital, and sustainability. The Mannok acquisition and U.S. solar projects are set to boost 2025 results.
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Q3 saw a break-even non-bank bottom line and improved EBITDA margin, despite year-over-year declines in EBITDA and net income. Strategic investments and strong cash flow support a positive outlook, with 2025 expected to be better if interest rates ease.
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H1 2024 saw resilient execution of strategic initiatives amid inflation and currency headwinds, with revenue up 8% but EBITDA down 41% and a net loss of TRY 7.6 billion. Key acquisitions, sustainability progress, and a strong cash position support an improved H2 outlook.
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Q1 saw 6% real revenue growth but a 17% EBITDA decline, with inflation and energy price volatility impacting results. Strategic investments in renewables and digital drove segment growth, while CapEx and cash reserves increased. NAV rose 28% in USD terms.