Anadolu Efes Revises FY2026 Guidance

• Anadolu Efes revised its fiscal 2026 guidance, with third-quarter profitability pressured by weaker gross margins and lower operating leverage in Türkiye.
• Third-quarter revenue fell 0.6% to TL 88.8 billion; EBITDA margin before nonrecurring items narrowed 361 basis points to 18.7%.
• Consolidated volume grew 7%, supported by strong international operations, while affordability measures and higher discounts weighed on revenue per hectoliter.
• The long-term net debt-to-EBITDA target remains 1–2 times, versus consolidated net debt-to-EBITDA before nonrecurring items of 0.9 times.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anadolu Efes Biracilik Ve Malt Sanayii AS published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.