Net profit from BİM in the third quarter exceeded expectations

BİM United Stores Inc. announced its financial results for the third quarter of 2026. The company's revenue was 245.7 billion TL in the relevant period, slightly below the market expectation of 247 billion TL. BİM's revenue increased by 5 percent on an annual basis in the third quarter. The company's revenue in the first nine months of 2026 was 720.5 billion TL, an increase of 8 percent compared to 665.2 billion TL in the same period last year.

BİM opened 113 new stores in the third quarter, increasing the total number of stores to 14,964. The company's daily revenue per store, excluding the effect of TAS 29, increased by 32.5 percent in the third quarter. The average basket amount per purchase increased by 34.9 percent. Despite the increase in turnover and basket amount per store, BİM's store traffic decreased by 1.8 percent. BİMflation, which is the price increase indicator calculated by the company itself, was at 29.6 percent in the third quarter. The increase in turnover per store was above BİMflation.

BİM's EBITDA increased by 3 percent on an annual basis in the third quarter, reaching 17.7 billion TL, and was in line with analyst expectations of 17 billion TL. EBITDA margin narrowed by 20 basis points on an annual basis, falling to 7.2 percent.

BİM's net profit was 10.4 billion TL in the third quarter, exceeding the market expectation of 8.8 billion TL. The company's net profit for the period increased by 52 percent on an annual basis. BİM's net profit in the first nine months of 2026 reached 26.2 billion TL, an increase of 79 percent compared to 14.6 billion TL in the same period last year. Despite the decreasing impact of monetary position gains, income from investment activities and a decrease in deferred tax expense supported the company's net profit.