Türkiye Sise Ve Cam Fabrikalari (SISE) investor relations material

Executive summary

• Revenue for the first half of 2025 was TRY 100.8 billion, down from TRY 115.9 billion year-over-year, with net profit attributable to equity holders at TRY 3.98 billion, a significant decrease from TRY 6.51 billion in the prior year period.

• Total assets stood at TRY 454.8 billion as of June 30, 2025, with equity at TRY 242.5 billion and a net debt/total equity ratio of 55%.

• The group operates across seven segments, with architectural, glass packaging, and chemicals as major contributors.

Financial highlights

• Gross profit for H1 2025 was TRY 26.9 billion, nearly flat year-over-year, while EBITDA reached TRY 12.8 billion, down from TRY 14.6 billion.

• Operating profit improved to TRY 3.39 billion from a loss of TRY 0.7 billion in H1 2024, driven by lower operating expenses and higher other operating income.

• Net monetary position gains due to inflation accounting contributed TRY 11.6 billion to pre-tax profit.

• Cash and cash equivalents at period end were TRY 38.7 billion, down from TRY 90.1 billion a year earlier.

• Dividend of TRY 2 billion was distributed in May 2025.

Outlook and guidance

• Management expects continued volatility due to inflation and currency fluctuations, with ongoing focus on operational efficiency and risk management.

• The group is assessing the impact of upcoming IFRS changes, with no material effect expected in the near term.