Q4 2025 Anadolu Efes Biracilik ve Malt Sanayii AS Earnings Call Transcript
Key Points
- Anadolu Efes Biracilik ve Malt Sanayi AS (AEBZY) achieved a consolidated volume growth of 7% for the full year 2025.
- The company reported a healthy top line of TRY244 billion in 2025, supported by solid volume performance and timely pricing actions.
- International Beer volumes increased by 0.8%, highlighting the balancing effect of the company's geographic footprint.
- The company announced a dividend proposal of TRY0.34 per share, demonstrating its commitment to delivering value to shareholders.
- Anadolu Efes maintained a healthy net debt-to-EBITDA ratio of 1.4 times as of December 31, 2025.
- The Beer group's EBITDA declined by 42.2% in the last quarter of 2025, reflecting a margin contraction.
- The company recorded a consolidated net loss of around TRY3 billion in the last quarter of 2025.
- Free cash flow was negative for both the fourth quarter and the full year, pressured by weaker operational profitability.
- Turkiye Beer volumes declined by 1.1% for the full year, impacted by a high-base effect and inflationary pressures.
- The company's gross profit declined by 4.6% in the last quarter, resulting in a margin contraction of 680 basis points.
Good morning and good afternoon, ladies and gentlemen. Welcome to Anadolu Efes' last-quarter 2025 financial results conference call and webcast. I'm Asli Demirel. I'm the Investor Relations and Risk Management Director of Anadolu Efes. Our presenters today: CEO, Mr. Onur Altürk; and our CFO, Ms. Yasemen Cayirezmez. (Operator Instructions)
Unless explicitly stated otherwise, all financial information disclosed in this presentation are presented in accordance with TAS 29. Just to remind you, this conference call is being recorded, and the link will be available online. Before we start, I would kindly request you to refer to our notes in our presentation regarding forward-looking statements.
Now I'm leaving the ground to Mr. Onur Altürk, Anadolu Efes' CEO. Sir?
Thank you, Asli. Good morning and good afternoon, everyone, and welcome to Anadolu Efes' full
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