Bizim Toptan Satis Magazalari (BIZIM) Q2 2026 earnings summary

Executive summary

• Largest cash & carry company in Turkey with 166 stores in 73 cities and a diversified customer base, including traditional, out-of-home, and individual segments.

• Revenue for 1H 2026 was 19.85 billion TL, down from 23.81 billion TL in 1H 2025, reflecting a significant year-over-year decline.

• Net loss for 1H 2026 was 500.5 million TL, an improvement from a net loss of 993.1 million TL in 1H 2025.

• EBITDA for 1H 2026 was 592.7 million TL, down from 788.9 million TL in 1H 2025.

• SEÇ franchising system and g2m subsidiary drive multi-channel growth and market penetration.

Financial highlights

• Revenue for 2Q2026 was 9.6 billion TL, down 16.6% year-over-year; 1H2026 revenue was 19.85 billion TL, also down 16.6%.

• Gross profit for 1H 2026 was 3.21 billion TL, down from 3.90 billion TL in 1H 2025.

• EBITDA for 2Q2026 was 293.1 million TL, down 24% year-over-year; EBITDA margin decreased from 3.3% to 3.1%.

• Net loss for 2Q2026 was 285.8 million TL, a 54% improvement from the prior year; net margin improved from -5.4% to -3.0%.

• Cash and cash equivalents increased to 781.8 million TL as of June 2026, up from 259.7 million TL at year-end 2025.

Outlook and guidance

• Focus remains on cost efficiency, OPEX control, and mix improvement to support EBITDA and margins.

• Management expects improvements in sales and profitability through cost-saving measures and revenue-enhancing actions.

• Expectation of continued market challenges due to macroeconomic conditions and high competition.

• The parent company, Yıldız Holding, has committed to supporting ongoing operations and financial stability.