Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q1 2026 Earnings Presentation
16 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Apr 30, 2026
Slide 1: 1Q2026 Earnings Presentation
1Q2026 EARNINGS PRESENTATION 30 APRIL 2026
Slide 2: Disclaimer
Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: Q1'26 Highlights
• Macroeconomic environment remained challenging with increasing 138 global and regional geopolitical uncertainties: High financing costs and the Stores delayed normalization of interest rates continued to weigh on all company results, while households remained cautious in non-essential spending, al
Slide 4: Rising prices from chip shortage supported IT & office growth, while PCs gained momentum
Rising prices resulting from the chip shortage supported IT & office growth, while PCs gained strong momentum, driven by both pricing and replacement demand Market Revenue Growth1 Demand Growth by Categories - YTD1 (Real, Y-o-y%) (Real, Y-o-y%) 16% 3% 1% 1% Panel -1% -3% Market Information Technolog
Slide 5: Outperforming market growth, driven by e-commerce momentum; focus on higher-margin products
Outperforming the market growth, driven by e-commerce momentum; accelerating focus on higher-margin products and marketplace profitability Revenues (Mn TL) Gross Profit Margin • Despite intense competition and store closures, our revenues • In the first quarter, seasonality, increased competition an
Slide 6: Online channel growth, as a structural opportunity, supported overall topline performance
Online channel growth, as a structural opportunity, supported overall topline performance E-Commerce Growth (Mn TL) Marketplace Scale & Reach • Growth in the online channel, across both 1P and marketplace models, remains a key strategic priority for us. 14 1437 336K categories Merchants SKU • Our ex
Slide 7: Effective OPEX Measures
Operational profitability improved year-over-year with lower OPEX, despite continued pressure on gross margin Personnel Opex Margin EBITDA Margin Workforce and other personnel cost • EBITDA is typically lower in the first • OPEX in nominal terms was lower than optimization achieved in stores quarter
Slide 8: Tight control over credit card expenses via alternative revenue collection methods
We strengthened tight control over credit card expenses by increasing the share of alternative revenue collection methods Initiatives to Decrease Credit Card Commissions- Credit Card Costs To-Revenues Ratio • Collection mix and installment discipline continue to be • Despite credit card costs remain
Slide 9: Working capital requirements increased due to seasonal effects, pressuring financial expenses
In the first quarter, working capital requirements increased due to seasonal effects, which put pressure on financial expenses Net Working Capital Total Net Financial Expenses **- (Mn TL) to-Revenues Ratio Inventories Trade Receivables Trade Payables • Despite benefiting from new bond issuances at f
Slide 10: Net loss driven by increased financial expenses and lower tax income
While the EBITDA improvement supported the bottomline, the net loss was primarily driven by increased financial expenses due to higher borrowing needs, as well as lower tax income +65 Mn TL Mn TL 155 117 219 179 67 -477 -542 Q1’25 EBITDA Difference Other Net Financial Monetary Tax Difference** Q1’26
Slide 11: Our Focus Areas for 2026
Revenue Growth & Cost Discipline Maintaining Online Expansion & Efficiency Alternative Payment Opportunity Gains Performance Our Focus Areas for 2026 Cash Flow & AI-Powered Digital Continued Focus on Initiatives Driving Working Capital Sustainable Stock Management Optimization & Efficiency Value Cre
Slide 12: Q&A
Q&A TEKNOSA Investor Relations e-mail: INVESTOR RELATIONS yatirimciiliskileri@teknosa.com Ümit Kocagil CFO Dilek Aktaş Head of Finance & IR Sibel Turhan IR Manager
Slide 13: Appendix
APPENDIX Teknosa | Genel (Halka Açık) | Public
Slide 14: Key Financials
Key Financials Revenues (Mn TL) EBITDA (Mn TL) Net Loss (Mn TL) +3% 21,600 22,240 +12% 643 -12% 577 -477 1Q25 1Q26 1Q25 1Q26 -542 1Q25 1Q26 FAVÖK +0.2 2.7% 2.9% Margin ppts 14
Slide 15: Summary Income Statement
Summary Income Statement 1Q26 1Q25 Change (%) Net Sales (Mn TL) 22,240 21,600 3.0% Gross Profit (Mn TL) 2,567 2,739 -6% Gross Profit Margin (%) 11.5% 12.7% -1.2% Opex/Sales (%) 11.6% 12.8% -1.2% EBITDA (Mn TL) 643 577 12% EBITDA Margin (%) 2.9% 2.7% 0.2% Other Income (Expense) (Mn TL) -779 -1,030 -2
Slide 16: Summary Balance Sheet
Summary Balance Sheet Mar 26 Dec 25 Assets (Mn TL) Current Assets 17,082 18,618 Cash and Cash Equivalents 615 2,722 Trade Receivables 1,975 1,858 Inventories 14,236 13,764 Other Current Assets 256 273 Non-current Assets 5,553 5,900 Property, Plant and Equipment 1,125 1,312 Intangible Assets 1,389 1,
Teknosa İç ve Dış Ticaret A.Ş. — Q1 2026 Earnings Presentation on 6ix