Teknosa Iç ve Dis Ticaret Anonim Sirketi (TKNSA) Q2 2026 earnings summary

Executive summary

• Net sales remained flat year-over-year at TL 46,402 million for 1H 2026, with e-commerce sales growing 13% and accounting for approximately 11% of total net sales.

• Marketplace platform expanded significantly, now hosting 1,463 merchants and offering around 303,000 SKUs, a 61-fold increase.

• Operated 137 stores with an average net retail sales area of 684 sqm per store.

• Outperformed both the panel market and the techonline segment despite competitive pressures and store closures.

Financial highlights

• EBITDA declined by 21% year-over-year to TL 1,460 million, with an EBITDA margin of 3.1%.

• Gross profit margin dropped by 1.8 percentage points year-over-year to 11.7%.

• Net loss increased to TL 1,496 million in 1H 2026 from TL 1,295 million in 1H 2025.

• OPEX-to-net sales ratio improved by 0.8 percentage points year-over-year to 11.4%.

• Credit card commissions-to-net sales ratio improved to 4.3% from 4.6% year-over-year.

Outlook and guidance

• Focus remains on disciplined inventory and liquidity management, rigorous cost control, and long-term sustainable growth.

• Commitment to reducing Scope 1 and 2 emissions by 42% by 2030 and achieving Net Zero by 2050.