)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Anadolu Efes (AEFES) investor relations material
Anadolu Efes Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary13 Aug, 2025
Executive summary
Beer group volumes grew 5.3% and soft drinks 4.7%, but topline and profitability declined due to affordability focus, discounting, and exclusion of Russian beer operations from consolidation as of January 2025.
Free cash flow turned positive in Q2, supported by peak season momentum and disciplined CAPEX, but fell year-over-year.
Net profit attributable to owners was TRL 5.9 billion, down from TRL 9.9 billion year-over-year.
The group operates in Beer and Soft Drinks segments, with significant Türkiye and international presence.
Financial highlights
Consolidated net revenue for 1H2025 was TRL 111.4 billion, down 3.1% year-over-year, with net income at TRL 5.9 billion.
EBITDA (BNRI) declined 19.5% to TRL 16.7 billion; gross profit margin fell to 35.5%.
Free cash flow for 1H2025 was -TRL 11.5 billion, a 74.2% decrease year-over-year.
Cash and cash equivalents at period end were TRL 37.8 billion, down from TRL 63.1 billion at year-end 2024.
Total borrowings increased to TRL 99.0 billion from TRL 88.9 billion at December 31, 2024.
Outlook and guidance
Management expects flat to modest market growth in beer, with a focus on outperforming the market and growing revenue above inflation.
Continued focus on affordability, cost discipline, and free cash flow generation amid challenging macroeconomic and geopolitical conditions.
CapEx for beer group expected at 7-8% of sales, higher in Turkey due to capacity investments.
Results for the first half may not be indicative of full-year performance due to seasonality.
Assess impact of Ukraine war on Mikolayiv brewery.
Explain the Russia beer operation consolidation change.
What is the rationale for EBITDA BNRI metric?
What drives Turkiye beer capacity expansion?
Why is Turkiye tourism season softer?
How will FCF generation be improved?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Anadolu Efes earnings date
Q3 20255 Nov, 2025
Next Anadolu Efes earnings date
Q3 20255 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Anadolu Efes Biracılık ve Malt Sanayii A.Ş. is a Turkey-based beverage company engaged in the production, distribution, and sale of beer and soft drinks. The company operates breweries and bottling facilities across multiple countries, serving domestic and international markets. Its product portfolio includes various beer brands and non-alcoholic beverages, distributed through partnerships and subsidiaries. Anadolu Efes also collaborates with global beverage companies for production and marketing agreements. The company is headquartered in Istanbul, Turkey, and its shares are listed on the BIST.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage