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1H 2026 Earnings Release Key Highlights : TEKNOSA August 5th , 2026 • Net Sales remained flat y - o - y at TL 46,402 million • • E - commerce sales increased by 13 % y - o - y , accounting for ~ 11 % of total net sales Marketplace platform expanded to 1,463 merchants , offering ~ 303K SKUs ( a 61x increase ) • Company operated 137 stores , with an average net retail sales area of 684 sqm per store • EBITDA declined by 21 % y - o - y to TL 1,460 million , corresponding to an EBITDA margin of 3.1 % . Summary Financials TEKNOSA Net Sales ( Mn TL ) Gross Profit ( Mn TL ) Gross Profit Margin ( % ) Opex / Sales ( % ) EBITDA ( Mn TL ) EBITDA Margin ( % ) Net Profit ( Loss ) ( Mn TL ) Net Profit ( Loss ) Margin ( % ) 2Q 2026 2Q 2025 Change ( % ) 1H 2026 1H 2025 Change ( % ) 22,603 23,340 -3.2 % 46,402 46,455 -0.1 % 2,700 3,363 -20 % 5,447 6,294 -13 % 11.9 % 14.4 % -2.5 % 11.7 % 13.5 % -1.8 % 11.2 % 11.6 % -0.4 % 11.4 % 12.2 % -0.8 % 771 1,228 -37 % 1,460 1,845 -21 % 3.4 % 5.3 % -1.9 % 3.1 % 4.0 % -0.9 % -986 -716 38 % -1,496 -1,295 16 % -4.4 % -3.1 % -1.3 % -3.2 % -2.8 % -0.4 % The challenging macroeconomic environment , coupled with heightened global and regional geopolitical uncertainties , continued to weigh on economic activity during the first half of 2026 . Persistently high financing costs and the slower - than - expected normalization of interest rates continued to pressure corporate financial performance , while households remained cautious in discretionary spending amid an inflationary environment further fueled by geopolitical risks . Despite these challenges , the overall panel market recorded a modest contraction , while the techonline segment maintained its positive growth momentum . Financing solutions offered to customers continued to support purchasing decisions and contributed to sustaining demand . Against this backdrop , Teknosa outperformed both the panel market and the techonline segment despite an intensely competitive environment and the impact of store closures . Supported by continued growth in e - commerce sales , the Company successfully maintained its Revenues broadly flat year - on - year during the first half of 2026 , reaching TL 46.4 billion . On a like - for - like basis , excluding the impact of store openings and closures , revenues increased by a solid 6.0 % in the first half of the year , supported in part by a favorable base effect . Gross Profit Margin remained under pressure during the first half of the year due to intensified competition and promotional activities . Consequently , gross margin declined by 1.8 percentage points year - on - year to 11.7 % . Despite this challenging environment , the Company significantly improved its operational efficiency through proactive cost - saving initiatives and productivity enhancement programs implemented across all cost categories . Accordingly , the OPEX - to - Net Sales ratio improved by 0.8 percentage points year - on - year , declining from 12.2 % to 11.4 % . Teknosa | Genel ( Halka Açık ) | Public 1