Anadolu Group Maintained Its Growth Momentum in the First Half of the Year

Anadolu Group announced its financial results for the first half of 2026. The Group’s consolidated sales revenue increased 4.1% year-on-year to TL 424.9 billion, while EBITDA rose 10.7% to TL 39.2 billion. Consolidated net income reached TL 14.5 billion, up 10% year-on-year. Net income attributable to shareholders of Anadolu Group stood at TL 3.2 billion in the first half, representing a 132.2% year-on-year increase. Excluding the impact of inflation accounting, the Group’s consolidated sales revenue increased 37.4% to TL 410.6 billion, while EBITDA rose 43.4%. Across Anadolu Group’s core operations, first-half sales revenue in Soft Drinks and Retail increased 7.9% and 4.5%, respectively, compared with the same period last year, while sales revenue in Agribusiness, Energy and Industry Group rose 9.7%.

“These results have reinforced our confidence in our investments in Central Asia”

Commenting on the Group’s first-half performance, Anadolu Group CEO Burak Başarır said: “The first half of the year was marked by ongoing geopolitical uncertainties, persistent inflationary pressures and challenging operating conditions. Our balanced portfolio across sectors and geographies enabled us to further strengthen our resilience in this volatile environment. Thanks to our strong operational discipline, effective cost management and agile decision-making capabilities, we delivered a strong financial performance despite these headwinds.” Highlighting Central Asia as the main driver of growth, Başarır said: “These results have further reinforced our confidence in our investments in Central Asia. Our soft drinks operations in Pakistan also contributed to growth in the second quarter.”

“Our disciplined financial approach has further strengthened our balance sheet”

Başarır continued: “While the retail segment in Türkiye maintained its revenue growth, the soft drinks segment delivered growth focused on profitability. These results demonstrate that our balanced portfolio, strong relationships with our customers and consumers, and flexible approach to product mix and pricing management continue to translate into positive financial and operational outcomes. The current operating environment once again highlights the importance of our disciplined financial approach, underpinned by prudent balance sheet management, strong free cash flow generation, effective cost control and proactive risk management. This approach has enabled us to continue investing in our businesses and long-term growth while further strengthening our balance sheet. We reduced our consolidated net debt-to-EBITDA ratio from 1.5x in the second quarter of 2025 to 1.1x in the second quarter of 2026.”

“We have expanded our geographic footprint into high-growth-potential markets”

Referring to the Group’s initiatives to expand into new geographies and broaden its product portfolio, Başarır said: “We took important strategic steps in the beer segment during the first half of the year. Through the contract manufacturing agreements we signed in Uzbekistan and China, we expanded our geographic footprint into markets with high growth potential. We also successfully completed the acquisition of Mercan Rakı in July 2026, following the acquisition process we initiated last year. At the same time, as part of the integration of SamAuto, which we acquired at the end of 2025, we are bringing Anadolu Isuzu’s processes and quality standards to our operations in Uzbekistan. As Anadolu Group, we will continue to proactively manage risks and evaluate new opportunities with discipline. With our resilient business model and strong financial position, we remain firmly committed to advancing toward our Vision 2035 targets and creating value for all our stakeholders.”

“Soft Drinks operations in Central Asia was the key driver of international growth”

Anadolu Group maintained its strong performance in the soft drinks segment during the first half of the year, supporting robust volume growth with higher profitability and cash generation. Commenting on the segment’s performance, Başarır said: “Pakistan and our Central Asian operations were the key drivers of growth in our international markets, more than offsetting the limited volume contraction in Türkiye. Disciplined revenue growth and cost management, together with improvements in channel, package and product mix, supported margin expansion across both our Türkiye and international operations. As a result, we delivered strong results in line with our focus on quality growth.” Highlighting the strong performance of international operations in the Beer segment, Başarır added: “In Türkiye, we aim to build on the positive momentum generated by the Efes Family transformation program, which we launched in April. Our new production agreements in Uzbekistan and China will further support the growth and expansion of our international operations.”

“Our retail operations maintained their growth momentum”

Başarır noted that the Group’s retail operations maintained their growth momentum despite a relatively weak demand environment. He said: “Our omnichannel structure, effective promotional management and ongoing store openings contributed to revenue growth. Our efficiency investments, which we have been pursuing for some time—particularly in solar energy and in-store technologies—also supported our profitability.”

“The SamAuto integration will expand our access to different geographies”

Başarır noted that Anadolu Isuzu, which expanded its manufacturing operations into Uzbekistan through the acquisition of JV SamAuto, contributed to revenue growth in the automotive segment. “Meanwhile, we have also seen the adverse impact of intense competition across the automotive industry, slowing export volumes and changes in tax regulations on profitability in our own operations. Going forward, the SamAuto integration, increased product portfolio diversity and broader access to different geographies will support our financial and operational performance,” Başarır said.