Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — H1 2026 Earnings Presentation
17 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Aug 6, 2026
Slide 1: 1H2026 Earnings Presentation
1H2026 EARNINGS PRESENTATION 6 AUGUST 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: 1H'26 Key Highlights
• Macroeconomic environment remained challenging: High interest rates continued to pressure consumer demand and financing costs, while inflation 137 and geopolitical tensions kept households cautious in discretionary spending Stores despite signs of gradual stabilization. • Technology market support
Slide 4: Panel and techonline markets supported by IT and CE categories
Both the panel and techonline markets were supported by the IT and CE categories, with the techonline market delivering positive growth in the first half Market Revenue Growth1 Demand Growth by Categories - YTD1 (Real, Y-o-y%) (Real, Y-o-y%) 10% 1% 1% 0% Panel -6% Market -1% Information Technologies
Slide 5: Outperformed market growth, supported by e-commerce momentum and higher-margin focus
Outperformed market growth, supported by strong e-commerce momentum and an increased focus on higher-margin products and marketplace profitability Revenues (Mn TL) Gross Profit Margin • Due to intense competition and optimization of our store • In the first half, intensified competition, and promoti
Slide 6: Online channel growth driven by omnichannel and pure-player platforms
Online channel growth continued to contribute overall topline performance, driven by omnichannel capabilities and presence in leading pure-player platforms E-Commerce Growth (Mn TL) Marketplace Scale & Reach • We remain focused on accelerating growth across both our 1P and marketplace businesses. 14
Slide 7: Operational profitability supported by lower operating expenses
Despite continued gross margin pressure, operational profitability supported by lower operating expenses Opex Margin EBITDA Margin • OPEX declined in nominal terms in the second • EBITDA margin in the second quarter improved quarter compared to both the previous quarter and compared to the previous
Slide 8: Credit card commission expenses declined year-over-year in the first half
Credit card commission expenses declined year-over-year in the first half, mainly driven by the higher share of non-credit card payments Initiatives to Decrease Credit Card Commissions- Credit Card Costs To-Revenues Ratio • Credit card commission expenses continued to be • While the credit card cost
Slide 9: Working capital requirements higher year-over-year but improved quarterly
As of end-of June, working capital requirements were higher year-over-year but improved quarterly, while high financial expenses continued to drive higher borrowing needs Net Working Capital Total Net Financial Expenses **- (Mn TL) to-Revenues Ratio Inventories Trade Receivables Trade Payables • Des
Slide 10: Strategic initiatives rolled out during Q3 2026
The strategic initiatives are expected to be rolled out during Q3 2026, with positive effects on net working capital expected from Q4 2026 onwards 1 2 3 4 DEMAND LOCALIZED DYNAMIC PAYMENT TERM PLANNING ASSORTMENT PRICING OPTIMIZATION • Leverage customer and • Adjust prices dynamically • Improve fore
Slide 11: Competition and financing costs constrained net profitability
Intense competition, high financing costs, and our higher borrowing requirements continued to constrain net profitability -201 Mn TL Mn TL -1,295 64 38 615 -1,496 516 H1’25 EBITDA & Net Monetary Tax H1’26 Net Other Credit Card Gain Difference Net Loss Operational Costs Difference Loss Income/ & Inte
Slide 12: Sustained Focus Areas for 2H'26
Revenue Growth & Cost Discipline Maintaining Online Expansion & Efficiency Alternative Payment Gains Performance Sustained Opportunity Focus Areas for 2H’26 Cash Flow & AI-Powered Digital Continued Focus on Initiatives Driving Working Capital Sustainable Stock Management Optimization & Efficiency Va
Slide 13: 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 14: Appendix
APPENDIX Teknosa | Genel (Halka Açık) | Public
Slide 15: 1H 2026 Key Financials
1H 2026 Key Financials Revenues (Mn TL) EBITDA (Mn TL) Net Loss (Mn TL) flat 46,455 46,402 -21% 1,845 +16% 1,460 -1,295 1H25 1H26 1H25 1H26 -1,496 1H25 1H26 FAVÖK -0.9 4.0% 3.1% Margin ppts 15
Slide 16: Summary Income Statement
Summary Income Statement 2Q26 2Q25 Change (%) 1H26 1H25 Change (%) Net Sales (Mn TL) 22,603 23,340 -3.2% 46,402 46,455 -0.1% Gross Profit (Mn TL) 2,700 3,363 -20% 5,447 6,294 -13% Gross Profit Margin (%) 11.9% 14.4% -2.5% 11.7% 13.5% -1.8% Opex/Sales (%) 11.2% 11.6% -0.4% 11.4% 12.2% -0.8% EBITDA (M
Slide 17: Summary Balance Sheet
Summary Balance Sheet Jun 26 Dec 25 Assets (Mn TL) Current Assets 19,080 19,924 Cash and Cash Equivalents 609 2,913 Trade Receivables 1,660 1,988 Inventories 16,519 14,729 Other Current Assets 291 293 Non-current Assets 6,016 6,314 Property, Plant and Equipment 1,107 1,404 Intangible Assets 1,436 1,
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