Strong Profitability Performance from Eksun Gıda in First Nine Months

Eksun Gıda recorded significant improvement in its profitability indicators in the first nine months of 2026 compared to the same period last year. According to financial results prepared under TAS 29 inflation accounting, the company generated TL 9.6 billion in revenue, raising its gross profit margin from 10.9 percent to 13 percent and its EBITDA margin from 2.5 percent to 4.7 percent.

Eksun Gıda, which operates in the food sector with Sinangil and Sinangil Gluten YOK, among Türkiye's long-established flour brands, reported its first nine-month financial results for 2026 to the Public Disclosure Platform (KAP). Focusing on operational efficiency, effective cost and inventory management, a strong field organization, and a data-driven decision-making approach, the company maintained the performance it achieved in the first half of the year into the third quarter as well.

According to results prepared in accordance with TAS 29 inflation accounting standards, the company's first nine-month revenue came in at TL 9.6 billion. While the gross profit margin rose from 10.9 percent in the same period last year to 13 percent, the EBITDA margin climbed from 2.5 percent to 4.7 percent.

Improvement in Financial Indicators Continues

In the first nine months of the year, Eksun Gıda focused not only on growth but also on strengthening its financial resilience and the quality of its growth. The improvement in gross profit and EBITDA margins was accompanied by progress in expense management.

While the company's financing expenses decreased by 32.8 percent to TL 569.7 million, its short-term liabilities fell by 25 percent. The current ratio rose from 1.19 at the end of 2025 to 1.25.

In results not adjusted for TAS 29 inflation accounting, the increase in profitability also continued. Within this scope, the company's gross profit rose by 37.9 percent year-on-year to TL 1.6 billion, while EBITDA increased by 63.4 percent to reach TL 726.9 million. Net profit nearly tripled, rising from TL 85.5 million to TL 250.9 million.

"We Make Decisions by Bringing Data Together with the Field"

Evaluating Eksun Gıda's first nine-month performance for 2026, Eksun Gıda Group Chairman and CEO Hasan Abdullah Özkan stated that the improvement achieved in profitability indicators was the result of a management approach focused on operational discipline and efficiency.

Özkan made the following statements in his assessment:

"We started 2026 with a strong focus on operational discipline and efficiency. In our first nine-month results, we see that the improvement we achieved in our profitability indicators, particularly compared to the same period last year, is the result of focusing on the right areas. Strengthening our gross profit and EBITDA margins while reducing our financing expenses shows that we are focused not only on growth, but on the quality and sustainability of that growth.

For us, data and the field are at the center of this performance. We do not make our decisions based solely on past period results. We combine data coming from different points of our operations—from production to sales, from procurement to logistics—with the experience of our teams on the ground. Thanks to our digital infrastructure and analytical capabilities, we make sense of the information coming from the field, reading changing market conditions more quickly and strengthening our decision-making processes."

Tracking Local and Global Markets in Supply Management

Eksun Gıda treats wheat procurement, one of the fundamental inputs of production, as a strategic management area. Tracking raw material alternatives across a wide geography extending from production regions in Türkiye to international supply markets, the company shapes its purchasing decisions by jointly evaluating product quality, price movements, logistics possibilities, supply conditions, and market expectations.

Sharing his assessments on the company's supply approach, Özkan drew attention to the importance of accessing the right raw material at the right time and under suitable conditions.

Özkan said, "Being able to access the right raw material at the right time, with the right quality and under the right conditions is one of the fundamental elements of our business. For this reason, we place great importance on being present in the field both in Türkiye and in global markets. We do not just follow raw materials on screens; we examine them at their source, closely monitor production regions, assess quality in the field, and continuously compare different supply alternatives.

We evaluate the information we obtain from the field together with national and international market data; we simultaneously analyze not only price but also quality, logistics, supply security, and indicators related to the direction of the market. We place importance on being an organization that not only follows market movements but can anticipate developments in advance through the strong signals we receive from the field. We believe this approach creates a significant competitive advantage in terms of our production continuity, quality standards, and cost management," he said.

Sinangil Reaches Consumers in All 81 Provinces of Türkiye

Eksun Gıda's field organization plays an important role not only in supply processes but also in sales and distribution activities. Operating with a wide product portfolio led primarily by Sinangil and Sinangil Gluten YOK, the company brings its products to consumers in all 81 provinces of Türkiye.

Reaching different areas of use from end consumers to professional kitchens, the company closely monitors developments across various channels and customer groups through its sales organization. Data obtained from points of sale and the market is evaluated together with production and sales strategies in order to assess consumer trends, product performance, and changing demand structure.

Noting that Sinangil's widespread presence across Türkiye constitutes an important field strength for the company, Özkan said the following:

"Sinangil's strong presence across Türkiye is not merely commercial reach for us; it is also an important field strength that allows us to read the market and the consumer directly. We closely monitor data, customer feedback, and sales trends coming from every corner of Türkiye. We manage the entire process—from supply to production, and from production to the point of sale—not as disconnected areas, but as parts of the same data ecosystem."

Carrying Production Strength to More Than 20 Countries

Eksun Gıda leverages its production infrastructure, quality standards, and sectoral experience in more than 20 countries. Tracking customer expectations and market dynamics across different geographies, the company aims to strengthen its effectiveness in international markets through flexible production and sales capability.

Focusing on market diversity and long-term customer relationships in exports, Eksun Gıda continues to carry Türkiye's strength in flour production to different geographies.

Human Resources at the Center of a Strong Organization

Eksun Gıda evaluates its data and technology investments together with experienced human resources and internal collaboration. Positioning the knowledge and experience of its field teams as an important part of its decision-making processes, the company regards the flow of information and coordination between different functions as among the fundamental elements of operational agility.

Noting that the infrastructure offered by technology and data gains meaning through human resources, Özkan stated, "Technology and data provide us with a strong decision-making infrastructure, but the real factor that turns this structure into value is people. Our team members who can correctly read developments in the field, manage uncertainties, take responsibility, and act in line with a common goal are the most important strength behind our long-term success."

Sustainability Is Part of the Business Model

Eksun Gıda approaches its financial and operational performance together with its sustainability approach. In August, the company shared its first Sustainability Report, prepared in accordance with Türkiye Sustainability Reporting Standards (TSRS), with the public via the Public Disclosure Platform. In doing so, it also carried its sustainability efforts into its corporate reporting processes.

Supporting Production Strength with Renewable Energy Investments

Renewable energy investments also hold an important place in Eksun Gıda's sustainable growth roadmap. The company continues its efforts to commission wind power plants with a total capacity of 18.9 MW in İzmir, for which it has obtained investment incentive certificates. With the completion of these projects, the company aims to meet the energy needed in its production processes from renewable sources.

Also sharing the company's goals for the upcoming period, Özkan stated that Eksun Gıda views its efficiency, digitalization, supply management, brand strength, exports, and renewable energy investments as parts of a holistic growth model.

Özkan concluded his remarks as follows:

"Our focus going forward is clear: we will continue to use data more effectively, remain strong in the field, procure the right raw materials under the right conditions, advance Sinangil's strong position in Türkiye, and deepen our presence in international markets.

We view our efficiency, digitalization, strong supply management, brand strength, exports, and renewable energy investments not as independent headings, but as complementary elements of the same growth model. Our goal is not just to grow more, but to build an Eksun Gıda that achieves higher-quality and sustainable growth, is more financially resilient, reads the field better, and can respond more quickly to changing conditions."

About Eksun Gıda

Operating under Eksim Holding since 1996, Eksun Gıda produces flour at its production facilities in Tekirdağ and Konya, which have approximately 96,000 square meters of open and covered space. Ranked 301st in Türkiye's Top 500 Industrial Enterprises (ISO 500) list for 2025 based on production sales, the company has an annual wheat processing capacity of approximately 600,000 tons.

Also featured in the 2025 "Türkiye's Most Valuable Brands" list published by Brand Finance, Eksun Gıda offers more than 200 product varieties under its main brand Sinangil, as well as Sinangil Gluten YOK and sub-branded products. The company's publicly traded shares are listed on the Borsa İstanbul Main Market.