Petkim Petrokimya Holding Anonim Sirketi (PETKM) investor relations material

Executive summary

• Achieved solid performance in 1Q26, supported by seasonal improvements, inventory gains, and reversal to a net profit of TRY 305.7 million from a net loss of TRY 3.4 billion in Q1 2025.

• Maintained first place in export awards for both overall and chemicals sector in 2025.

• Integration with STAR Refinery enhanced working capital and operational synergies.

• Revenue increased to TRY 27.0 billion, up from TRY 23.1 billion year-over-year.

• Gross margin improved, with a gross profit of TRY 4.3 million versus a gross loss of TRY 1.3 billion in the prior year.

Financial highlights

• Sales reached ₺27.0bn, up 9% quarter-over-quarter and 16.8% year-over-year.

• EBITDA turned positive at ₺0.4bn, with a margin of 1% (up 126% QoQ).

• Net income was ₺0.3bn (TRY 305.7 million), reversing a loss from the previous quarter.

• EPS was 0.12 TL/share, up 105% QoQ.

• Cash and cash equivalents at period end were TRY 4.29 billion.

Outlook and guidance

• Master Plan final investment decision for new ethylene, PP, and HDPE/LLDPE plants expected in 2026.

• Continued focus on energy efficiency, decarbonization, and R&D for low-carbon products.

• Inflation accounting (TAS 29) continues due to hyperinflationary conditions in Turkey.

• Management is assessing the impact of new and upcoming accounting standards, including TFRS 18 and TFRS 19, effective from 2027.