BIM Birlesik Magazalar (BIMAS) Q2 2026 earnings summary

Executive summary

• Net sales rose 10% YoY to 222 billion TL in 2Q26 (with inflation accounting), and revenue for the first half of 2026 reached TRY 449.7 billion, up from TRY 409.3 billion YoY.

• Net income reached 8.0 billion TL in 2Q26 (with inflation accounting), more than doubling YoY, and was TRY 14.93 billion for the first half of 2026.

• Gross profit increased to 42.7 billion TL in 2Q26 and TRY 85.8 billion for the first half, with gross margin improving YoY.

• The group operated 14,851 stores as of June 30, 2026, opening 275 new stores in 2Q26.

• Maintained a strong liquidity position with 29.5 billion TL net cash and cash and cash equivalents of TRY 4.33 billion at period end.

Financial highlights

• Like-for-like sales increased 37.3% YoY in 2Q26, outpacing 31% Bimflation.

• Operating profit for the first half was TRY 8.05 billion, up from TRY 3.17 billion YoY.

• Operating expenses were 36.4 billion TL in 2Q26, 16.4% of sales, showing improved opex management.

• EBITDA margin stable at 6.1% (with inflation accounting) in 2Q26; 8.2% without inflation accounting.

• Net cash from operating activities was TRY 37.9 billion, up from TRY 29.5 billion YoY.

Outlook and guidance

• Guidance and investor analysis are based on financials without inflation accounting for clearer operational view.

• The company continues to expand its store network and invest in supply chain efficiency.

• Management is monitoring inflationary pressures and currency volatility, focusing on cost control and operational efficiency.