Eksun Gıda's EBITDA Reaches 144 Million TL

Eksun Gıda , which offers over 200 different products under the Sinangil and Sinangil Gluten YOK brands, reinforced its strong and stable growth potential with its second-quarter report shared with the public. According to the results prepared in accordance with Turkish Accounting Standards 29 (TAS 29) inflation accounting principles, Eksun Gıda's net sales revenue for the six-month period was 5 billion TL, its gross profit was 562,2 million TL, and its gross profit margin was 11,2 percent. According to data excluding inflation accounting, Eksun Gıda achieved a net profit of 129 million TL in the first six months of the year, once again demonstrating its financial strength.

“Our financial stability is the strongest indicator of our growth strategy.”

In a statement regarding the matter, Hasan Abdullah Özkan, President and CEO of Eksun Food Group , said, “Our company achieved a significant improvement in gross profit and margin, and a strong increase in EBITDA compared to the same period last year. In the first 6 months of this year, our gross profit increased by 6,1 percent to 562,2 million TL. While our company reported an operating loss of 41,5 million TL in the same period last year, this year it achieved an operating profit of 67,1 million TL; and increased its EBITDA from 21,3 million TL to 143,8 million TL. According to data excluding inflation accounting, a net profit of 129 million TL was reached in the first 6 months of the year, representing a 30 percent increase compared to the same period last year. With these figures, we are resolutely continuing towards our goals of sustainable growth.”

Contributing to sustainability with RES investment  

One of the key developments in Eksun Gıda's recent investment processes was the acquisition of an operating certificate for Babaeski Tarım Ürünleri Lisanslı Depoculuk A.Ş. (Furthermore, Babaeski Tarım Ürünleri Lisanslı Depoculuk A.Ş.). This initiative aims to increase the company's storage capacity in its raw material supply chain and enhance operational reliability. Eksun Gıda's receipt of an Investment Incentive Certificate for its 7.000 kW EKSUN-3 Wind Power Plant is a strategic move that reinforces its commitment to sustainable production and the transition to green energy. This incentive contributes to environmental sustainability and carries the potential to achieve long-term advantages in energy costs. The company is also working on the 11.900 kW EKSUN-2 Wind Power Plant Project.

Source: HORECA Trend and Eksun Food