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

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WEBVTT 00:00:00.111 -- 00:00:02.032 Ladies and gentlemen, thank you for standing by. 00:00:02.032 -- 00:00:04.652 I am Konstantinos, your course call operator. 00:00:04.652 -- 00:00:08.493 Welcome and thank you for joining the actual conference call and live webcast to present 00:00:08.493 -- 00:00:12.174 and discuss the full year 2025 financial results. 00:00:12.174 -- 00:00:15.255 At this time, I would like to turn the conference over to Mr. 00:00:15.255 -- 00:00:18.596 Baris Alparslan, Chief Financial Officer, Ms. 00:00:18.596 -- 00:00:23.017 Minensule Yazgan, Finance and ERM Executive Director, Ms. 00:00:23.017 -- 00:00:26.738 Stella Alvar, Capital Market Compliance Senior Lead, and Mr. 00:00:26.738 -- 00:00:29.446 Cesar Ercan, Investor Relations Senior Lead. 00:00:29.446 -- 00:00:32.707 Mr. Alparslan, you may now proceed. 00:00:32.707 -- 00:00:36.529 Thank you. Good morning and good afternoon, ladies and gentlemen. 00:00:36.529 -- 00:00:40.710 Welcome to our full year 2025 financial results website. 00:00:40.710 -- 00:00:44.732 This presentation contains the company's financial information prepared according to 00:00:44.732 -- 00:00:50.393 Theatres by application of IS29 inflation accounting provisions. 00:00:50.674 -- 00:00:53.824 Here are the highlights of the year 2025. 00:00:53.824 -- 00:00:58.866 We generated 523.9 billion TL in revenues, reflecting a 00:00:58.866 -- 00:01:04.107 6.6% year-on-year decline. Nevertheless, we delivered a significant 00:01:04.107 -- 00:01:09.589 improvement in profitability through disciplined execution, resulting in a 1.2 percentage 00:01:09.589 -- 00:01:14.810 point year-on-year improvement in gross margin and a 2.2 percentage point improvement 00:01:14.810 -- 00:01:18.090 in Q4 compared to the same quarter last year. 00:01:1...