Arcelik A S Unsp/Adr (ACKAY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Konstantinos, your course call operator. Welcome and thank you for joining the actual conference call and live webcast to present and discuss the full year 2025 financial results. At this time, I would like to turn the conference over to Mr. Baris Alparslan, Chief Financial Officer, Ms. Minensule Yazgan, Finance and ERM Executive Director, Ms. Stella Alvar, Capital Market Compliance Senior Lead, and Mr. Cesar Ercan, Investor Relations Senior Lead. Mr. Alparslan, you may now proceed. Thank you. Good morning and good afternoon, ladies and gentlemen. Welcome to our full year 2025 financial results website. This presentation contains the company's financial information prepared according to Theatres by application of IS29 inflation accounting provisions. Here are the highlights of the year 2025. We generated 523.9 billion TL in revenues, reflecting a 6.6% year-on-year decline. Nevertheless, we delivered a significant improvement in profitability through disciplined execution, resulting in a 1.2 percentage point year-on-year improvement in gross margin and a 2.2 percentage point improvement in Q4 compared to the same quarter last year. EBITDA margin increased by 0.6 percentage points year on year, while the improvement exceeded 0.7 percentage points in the last quarter. 5.7 billion TL free cash flow was generated on the back of improving operational performance, combined with strict capex and working capital management. This represents a remarkable recovery compared to last year's negative figure of approximately 11.4 billion TL. We also completed most of the post-merging integration across our European operations in 2025. We closed rye and cooking plants in Buch and a refrigerated factory in north-south Poland, as wel...