BIM Birlesik Magazalar (BIMAS) Q3 2025 earnings summary

Executive summary

• Net sales reached 179.7 billion TL in 3Q25, up 7% year-over-year, with strong operating performance and continued store expansion.

• Like-for-like sales in Türkiye rose 32% year-over-year for the quarter, with basket size up 35% but customer traffic down 2.2%.

• Store count grew to 14,231, with 156 new stores opened in 3Q25, reflecting a 6% year-over-year increase.

Financial highlights

• EBITDA was 13.2 billion TL with a 7.4% margin in 3Q25; net income was 5.3 billion TL, representing a 2.9% margin.

• Gross profit for 3Q25 was 36.0 billion TL, up 21% year-over-year, with a gross margin of 17.7%.

• Operating expenses increased 6% year-over-year, with OPEX to sales at 16.4% in 3Q25.

• Cash position, including short-term financial assets, rose to 19.0 billion TL at quarter-end.

• Capex for the quarter was 4.8 billion TL, or 2.7% of sales.

Outlook and guidance

• Guidance and analysis are based on financial data excluding inflation accounting (TAS 29), to provide a clearer operational view.