Ülker Bisküvi Sanayi A.S. (UELKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, to welcome to We Care Biscuit's third quarter 2025 earnings call. Thank you for joining us today and for your continuous interest in our company. We appreciate your time as we review another solid quarter of performance, highlighting our continuous focus on sustainable growth, operational efficiency, and delivering value to our consumers and shareholders. With that, I will now hand it over to our CFO, Fulya Banu Surcu, who will walk you through the operational and financial results in detail. Fulya Hanım, please. Thank you. Good morning, good afternoon, everyone. Thank you for joining us today for Ülker District 3rd Quarter 2025. Due to a last-minute change of plans, our CEO had to travel and could not attend this meeting. He apologizes for that and says hi to everyone. So today I will walk you through our operational performance, performance pilots and provide a deeper dive into our financials and segment performance. Discuss our balance sheet, strategic initiatives and conclude with our outlook. After the presentation, I will be happy to take your questions. To begin, Uliter continues to deliver strong results driven by our diverse product portfolio correct strategies and commitments to innovation. So let's begin with a snapshot of the microeconomic landscape in Turkey as we enter the last quarter of 2025. Despite ongoing global uncertainties, this country's GDP growth rate is projected to stabilize at 2.7% for this year. and it is expected to land at 3.7% for 2026 per IMF, higher than the world GDP growth of 2.8%. Two-year CDS spreads have shown improvements reflecting increased investor confidence and a more stable outlook compared to previous years. Inflation remains as a challenging topic, even though there is a significant variation when we br...