Q3 2025 Aygaz AS Earnings Call Transcript

Nov 3, 2025 / 12:00 PM GMT

Release Date Price: ₺198.5 (+0.51%)

Transcript

Key Points

Positve

Aygaz AS (IST:AYGAZ) maintained its leadership in the Turkish LPG market with a total retail market share of 26.2% as of August 2025.
The company achieved a 3% year-on-year increase in wholesale and international LPG sales volumes in the first nine months of 2025.
Aygaz AS (IST:AYGAZ) reported a 21% year-on-year increase in EBITDA, excluding inventory gains and losses.
The company's joint venture in Bangladesh, United LPG, expanded its market share to 8.8% by the end of September 2025, with a revenue of $123 million USD.
Aygaz AS (IST:AYGAZ) improved its net cash position from 1.8 billion Turkish liras at the end of December to 3 billion Turkish liras by the end of September 2025.

Negative

Total Turkish LPG consumption contracted by 6% year-on-year, impacting Aygaz AS (IST:AYGAZ)'s sales volumes.
Cylinder gas sales declined by 6% year-on-year due to the overall contraction in the Turkish cylinder gas market.
The company incurred an inventory loss of 402 million Turkish liras in the first nine months of 2025.
Aygaz AS (IST:AYGAZ) faced a decrease in cylinder and auto gas sales volumes by 6% and 1% respectively, compared to the previous year.
The merger of Sane with Coligain resulted in no EBITDA impact from Sendeo in the current year, affecting consolidated financial results.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AYGAZ.IS - Aygaz AS
Q3 2025 Aygaz AS Earnings Call
Nov 03, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I am Mina, your chorus call operator. Welcome and thank you for joining the IGA conference call and live webcast to present and discuss the 3rd quarter 2025 final results.

At this time, I would like to turn the conference over to Mr. Kozanna B. Chichi, corporate finance and Investor relations. Mr. Chipsy, you may now proceed.

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Unidentified_2 [2]
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Good afternoon everyone.

Thank you for joining our earnings webcast for the 3rd quarter of 2025. With me today are Ghandi Zeman, Chief Financial Officer, is Sune

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