Anadolu Efes Biracilik ve Malt Sanayi AS

Anadolu Efes reported a Q2 net profit of 5.1 billion lira, missing the consensus of 5.6 billion lira. The company cut its full-year guidance for beer sales and EBITDA, after which the stock fell about 8.8% to 19.18 lira. Investors are increasingly worried about the high net debt relative to EBITDA and the shrinking domestic beer segment. » More on de.investing.com

Anadolu Efes reports consolidated revenue of 62.4 billion TL in Q1 2026 (+7.6%) and an EBITDA margin of 13.6% (+433 basis points), while net profit fell to 2.0 billion TL. Volume growth of 5% was driven mainly by soft drinks (+6.9%) and the international beer business, but Turkish beer volumes declined by 20% and beer revenue fell by 8.4%. Free cash flow improved significantly to -7.3 billion TL (vs. -22.0 billion TL), and net debt remains conservative at 1.3x. Strategic measures such as the “Efes Family Uplift”, hedges against currency and commodity risks, and strong Central Asia results are intended to support the recovery of the beer segment. » More on de.investing.com

Anadolu Efes reported pro-forma revenue of 243.8 billion TL for 2025 (+2.5%), but missed analyst expectations in Q4 with 47.0 billion TL. EBITDA fell to 40.5 billion TL (EBITDA margin 16.6%) and annual net profit dropped 34.5% to 8.96 billion TL; Q4 showed a net loss of 3.14 billion TL. The results were weighed down by the application of the TAS29 standard and the deconsolidation of the Russian beer business; the free cash flow deficit improved to -4.18 billion TL. The board proposes a dividend of 0.34 TL, and management is focusing on premiumization, cost management and geographic diversification, but sees continued macroeconomic headwinds, particularly in Turkey. » More on de.investing.com