Business · Companies · 14 hrs ago
BİM's Third-Quarter Profit Tops Market Expectations
BİM reported third-quarter net profit of 10.4 billion lira, beating the market's 8.8 billion-lira expectation.
The Turkish retailer's revenue rose 5% year on year to 245.7 billion lira, slightly below the 247 billion-lira forecast.
Investment income and a smaller deferred tax expense supported profit, despite a reduced contribution from gains linked to its monetary position.
For the first nine months of 2026, net profit climbed 79% to 26.2 billion lira compared with the same period last year.
BİM opened 113 stores in the quarter, taking its total to 14,964, but store traffic fell 1.8%.
Average basket value rose 34.9%, while BİM's own measure of price increases was 29.6%, showing that larger purchases and higher sales per store accompanied the drop in visits.
BİM reported third-quarter net profit of 10.4 billion Turkish lira, above the market expectation of 8.8 billion lira.
Net profit rose 52% from a year earlier.
Revenue increased 5% year on year to 245.7 billion lira, slightly below the 247 billion lira market expectation.
Earnings before interest, taxes, depreciation and amortization rose 3% to 17.7 billion lira, in line with analyst expectations.
Investment income and a smaller deferred tax expense supported net profit.
- Who
- BİM Birleşik Mağazalar A.Ş.
- What
- The company reported third-quarter net profit of 10.4 billion Turkish lira, exceeding market expectations.
- When
- The results were for the third quarter of 2026 and were published on November 9, 2026.
- Where
- Not stated
- Why
- Investment income and a reduction in deferred tax expense supported net profit.
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- Third-quarter net profit
- 10.4 billion Turkish lira
- Market profit expectation
- 8.8 billion Turkish lira
- Third-quarter revenue
- 245.7 billion Turkish lira
- Third-quarter EBITDA
- 17.7 billion Turkish lira
- Store count
- 14,964 at the end of the third quarter