Atakey Patates Gida Sanayi Ve Ticaret As · BIST:ATAKP
Atakey Patates Gida Sanayi Ve Ticaret As — Atakey Patates — Q4 2025 Earnings Presentation
21 slides from Atakey Patates Gida Sanayi Ve Ticaret As's earnings presentation, Mar 2, 2026
Slide 1: Q4 & YE 2025 Results Presentation
ATAKEY PATATES Q4 & YE 2025 Results Presentation 2 March 2026
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements, including, but not limited to, statements regarding Atakey Patates's plans, objectives, expectations, and intentions, and other statements that are not historical facts. Forward-looking statements can generally be identified by the us
Slide 3: Key Performance Indicators 2025 After and Before IAS 29
Temel Performans Göstergeleri 2025 After and Before IAS 29-Inflation Accounting Revenue Gross Profit EBITDA Net Profit After IAS-29 ₺ (80) M ₺ 3,921 M ₺ 393 M ₺ 422 M *Adj. Net Profit ₺ 111 M Revenue Gross Profit EBITDA Net Profit Before IAS-29 ₺ 3,496 M ₺ 760 M ₺ 699 M ₺ 753 M *Adjusted net profit
Slide 4: Inflation Gap Between Macro Indicators and Raw Potato Prices in Türkiye
Inflation Gap Between Macro Indicators and Raw Potato Prices* in Türkiye (Between 1Q24 and 4Q25) PPI of Agricultural Products Raw Potato Price Index CPI Change % Change % Change % 69% 66% -26% • Between Q1 2024 and Q4 2025, macro inflation indicators increased sharply, while raw potato prices declin
Slide 5: Global Oversupply in 2025 Put Pressure on Export Markets
Global Oversupply in 2025 Put Pressure on Export Markets Source: Euronext NW Europe Processing Potato reference price, published via Trading Economics. • NW Europe processing benchmark declined ~88% YoY to 3.10 EUR/100KG (~0.03 EUR/kg) • South America experienced harvest-driven farm price declines i
Slide 6: Key Drivers for Delivering Growth Through Ecosystem Strength
Key Drivers for Delivering Growth Through Ecosystem Strength Demand Anchored Through Domestic +10% YoY Disciplined, Demand-Led Production Execution +1% YoY Ecosystem Leverage Driving Utilization +13% YoY Accelerated New Coated Products 53% ofcapacity total production Demand Anchored Through Domestic
Slide 7: Operation Reliability and Products Mix Transformation in 2025
Operation Reliability and Products Mix Transformation in 2025 K Tonnes Total Production aligned with Current Stock Consistent Harvesting and Production Levels and Market Demand 66.7 67.4 Harvest of potatoes and onions delivered in line with plans 20.7 Stable Raw Material Availability Througout the Y
Slide 8: FY 2025 Sales Performance: Sustained Domestic Demand and Sales Quality
FY 2025 Sales Performance: Sustained Domestic Demand and Sales Quality Market Leadership and Sales Growth K Tonnes 10% 2024 2025 1% 15% 18% 7% 69.3 Solid Volumes with Product Mix 18.5 16.4 16.6 16.0 17.5 15.5 16.6 Enhancements 14.8 ✓ Q4 frozen product sales closed at 16.6 K tonnes (7% increase YoY)
Slide 9: Channel Allocation in FY 2025: TAB Gıda as the Primary Growth Engine
Channel Allocation in FY 2025: TAB Gıda as the Primary Growth Engine Tab Gıda Provides Predictable Demand with 3rd Party Channel Remains Resilient International Sales 78% of total sales reached TAB Gıda Sales with 54.3K tonnes sold FY25 12.7K tonnes Frozen Products sold in YE25 2.3K tonnes Sales in
Slide 10: 2026: Positioned for Demand-Led Growth and Operational Stability
2026: Positioned for Demand-Led Growth and Operational Stability Structural Strengths Priorities for 2026 ✓ Demand led volume growth and channel focus Integrated Farming & Supply Visibility o Total sales volume target around 80K tonnes o Prioritizing channels where value creation is stronger ✓ Struc
Slide 11: 4Q & YE 2025 Financial Results Overview
4Q & YE 2025 Financial Results Overview 11
Slide 12: Performance in 4Q25 and 2025 Before IAS 29
Performance in 4Q25 and 2025 Before IAS 29 - Inflation Accounting 4Q25 YoY% 2025 YoY% Million ₺ Revenues 860 29% 3,496 27% Gross Profit 178 9% 760 -14% Gross Profit margin % 21% -4pp 22% -10pp EBITDA 167 11% 699 -16% EBITDA margin % 19% -3pp 20% -10pp Net Profit 19 -93% 753 -27% Net Profit margin %
Slide 13: Performance in 4Q25 and 2025 After IAS 29
Performance in 4Q25 and 2025 After IAS 29 - Inflation Accounting 4Q25 YoY% 2025 YoY% Million ₺ Revenues 874 -4% 3,921 -8% Gross Profit 86 -35% 393 -40% Gross Profit margin % 10% -5pp 10% -5pp EBITDA 100 -39% 422 -43% EBITDA margin % 11% -6pp 11% -7pp Net Profit (119) na (80) na Net Profit margin % -
Slide 14: Impact of IAS 29 Inflation Accounting on 2025 Net Profit
Impact of IAS 29 Inflation Accounting on 2025 Net Profit Million ₺ Inflation Accounting Effects on Net Profit 44% 31% 20% 5% (367) 753 (259) (166) 111 (41) (80) *Adjusted Net Profit Inventory Effect on COGS Monetary Gain / (Loss)… Net Profit w IAS 29 Net Profit w/o IAS 29 Deferred Tax… Indexing and
Slide 15: Cash Generation Capability – After IAS29
Cash Generation Capability – After IAS29 Million ₺ Generated Cash From Operations Artış Cash Düşüş Cash Toplam Total Summary of Cash Flow (Million ₺) In Out 2024 End Cash 754 3,921 Generated Cash from 443 Operations in 2025 cash expense COGS + G&A Financial Net Income 122 Additions of Tangible Reven
Slide 16: CAPEX, Debt and NWC Financial Metrics – After IAS29
CAPEX, Debt and NWC Financial Metrics – After IAS29 CAPEX Million ₺ Net Working Capital CAPEX / Revenues % Million ₺ 800 16% 18% 16% 700 14% 600 12% 7% 500 10% 693 400 8% 300 6% 200 3% 4% 276 100 125 2% 0 0% 2023 2024 2025 1,871 2,271 Net Debt (excl. IPO Fund) Million ₺ 2,373 Net Debt / EBITDA 700 5
Slide 17: Appendix
Atak Appendix
Slide 18: Income Statement for Jan – Dec 2025
Income Statement for 1 Jan – 31 Dec 2025 After IAS29 Before IAS29 Million ₺ 2025 2024 YoY % 2025 2024 YoY % Revenue 3,921 4,259 -8% 3,496 2,761 27% Cost of sales (-) (3,527) (3,601) -2% (2,736) (1,877) 46% Gross Profit 393 659 -40% 760 884 -14% General and administrative expenses (-) (188) (187) 1%
Slide 19: Balance Sheet as of December 2025 (Assets)
Balance Sheet as of 31 December 2025 After IAS29 Before IAS29 Million ₺ Million TL 2025 2024 YoD % 2025 2024 YoD % ASSETS Current Assets Cash and cash equivalents 30 293 -90% 30 224 -87% Financial Investments 584 411 42% 584 314 86% Trade receivables 387 347 12% 387 265 46% Other receivables - 0.5 -
Slide 20: Balance Sheet as of December 2025 (Liabilities and Equity)
Balance Sheet as of 31 December 2025 After IAS29 Before IAS29 Million TL Million ₺ 2025 2024 YoD % 2025 2024 YoD % LIABILITIES Short-Term Liabilities Short-term borrowings - 30 -100% - 23 -100% Short-term portion of long-term financial borrowings 90 171 -47% 90 130 -31% Payables from short-term rent
Slide 21: Investor Relations Contact
yatirimciiliskileri@atakey.com.tr www.atakey.com.tr