TAB Gıda Closes 2024 with Strong Financial Performance

TAB Gıda closed 2024 with strong financial and operational performance. System-wide sales, including both company-operated and franchise restaurants, reached TRY 41.1 billion with 64% growth.

TAB Gıda recorded 11% revenue growth in real terms in 2024, while achieving 9% real growth in EBITDA to reach TRY 6.9 billion. This growth demonstrated the company's profitable growth strategy, market leadership, and success in operational efficiency and financial discipline.

Evaluating the company's financial and operational results, TAB Gıda Co-CEO Özgür Çetinkaya said "In 2024, we achieved real growth in both revenue and EBITDA, maintained our EBITDA margin at 21% level, and reached our profitable growth targets. Additionally, we achieved significant growth by increasing our total assets by 11% in real terms and our equity by 13%. These results demonstrate our success in operational efficiency and financial discipline, while our strong balance sheet and debt-free position once again prove the company's financial resilience."

Highlighting TAB Gıda's restaurant network expansion and franchise model success, Özgür Çetinkaya stated, "We continued to expand our restaurant network. By opening a total of 246 new restaurants during the year, we increased our restaurant count to 1,830. This means we opened an average of 1 new restaurant per business day. While the share of franchise restaurants in our portfolio rose to 45%, we strengthened our operational efficiency and market leadership with our balanced growth model."

Addressing digital transformation and technological innovations to increase operational efficiency, Çetinkaya said, "As of the end of 2024, we installed a total of 1,359 self-service ordering screens in our restaurants. This provided our customers with a faster and easier ordering experience while reducing our operational costs. Digital sales exceeded 35% of our total sales, making a significant contribution to our growth. Additionally, we reached 47 million receipts in delivery orders with 11% growth. Our commitment to digitalization contributed to our operational efficiency targets and supported improvement in our margins."

"Growth, innovation and market leadership will continue in 2025"
Çetinkaya said, "In 2025, we will continue on our path with strategies focused on growth, innovation and market leadership. We aim to expand our restaurant network by 10% and further increase our digital sales. At the same time, we will continue technological investments to increase our operational efficiency. We plan to further improve customer experience through innovations such as smart systems, robotic services and advanced workforce management tools.

We achieved this strong and profitable growth vision with the support of all our stakeholders. We express our heartfelt thanks to our franchise partners, employees, investors and all other business partners for their trust and support. Our joint efforts enable us to advance our vision further and achieve success together. In 2025, we will continue to work with the same determination and belief."