Anadolu Efes Birack Ord (AEBMF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Anadolu Efes' third quarter 2025 financial results conference call and webcast. Our presenters today, our CEO Mr. Onur Alturk and our CFO Mr. Gökçe Yanaşmayan. The first part of this call will be in listen-only mode. Afterwards, we will open the floor for a Q&A session. You may submit your questions at any time using the question box on your screen. However, we kindly encourage you to do so before the Q&A session begins to ensure we have adequate time to review and address them. 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. Omer Alçuk, Anadolu FSCU. Good morning and good afternoon everyone and welcome to the Lefes third quarter 2025 conference call. Thank you for joining us today. As you may recall, due to the continued uncertainties around our operations in Russia, we have classified these operations as financial investments on our balance sheet at the beginning of the year. And accordingly, they are no longer consolidated in our income statement until there is more clarity. However, we separately disclose the financial results of these operations in our earnings releases for the last two quarters. And starting from quarter three, we decided to stop providing separate disclosure for Russia. And this is primarily because of the information flow has not been as stable, as consistent as before. We will reassess this approach as the situation evolves. And looking at the third quarter, it was mixed se...