Teknosa Iç ve Dis Ticaret Anonim Sirketi (TKNSA) investor relations material

Executive summary

• 9M revenue was TL 73,713,472 thousand, down 1.5% in real terms YoY and ahead of the panel market; net loss widened to TL 2,577,137 thousand.

• Online growth, cost discipline and working-capital actions supported performance, while high financing costs and liquidity pressures persisted.

Financial highlights

• 9M revenue was TL 73,713,472 thousand versus TL 74,855,848 thousand; gross profit was TL 8,770,256 thousand versus TL 10,237,116 thousand.

• 9M operating loss was TL 2,143,897 thousand and net loss TL 2,577,137 thousand, versus TL 1,647,671 thousand and TL 1,667,330 thousand, respectively.

• Q3 revenue was TL 24,729,162 thousand versus TL 25,816,463 thousand; Q3 net loss was TL 997,800 thousand versus TL 299,849 thousand.

• Operating cash flow was TL 4,365,780 thousand versus TL 1,386,203 thousand; September-end cash and cash equivalents were TL 648,163 thousand.

• 9M e-commerce revenue reached ~TRY 7.8bn, up ~5% in real terms YoY; GMV was TRY 12.3bn, or 16.4% of retail GMV.

Outlook and guidance

• Management’s budgets and cash-flow projections cover at least 12 months and anticipate meeting obligations through profitability improvement, cost optimization, store restructuring and financing access.

• Priorities include profitable omni-channel growth, operational efficiency, cash and stock management, AI-driven digital initiatives and selective investment; management expects actions to support cash generation and improve net working capital.

• Further initiatives from the new management team are being deployed, with details expected at a subsequent update.