Hacı Ömer Sabancı Holding A.Ş. It shared its results for the third quarter of 2026 with the public. The holding achieved consolidated revenue of 299 billion TL in the relevant period. Consolidated revenues decreased by 17.1 percent compared to 360.5 billion TL in the same quarter last year. 83 percent of consolidated revenues came from financial sector activities.
The holding's combined EBITDA decreased by 9.4 percent on an annual basis to 46.9 billion TL, mainly due to the bank's weaker performance. The bank's EBITDA decreased by 34 percent to 13.6 billion TL. The bank's contribution to total EBITDA decreased to 29 percent from over 40 percent last year. Non-bank EBITDA increased by 7 percent to 33.3 billion TL, and non-bank EBITDA margin increased from 12.8 percent to 16 percent. In non-bank business lines, the EBITDA of the energy segment increased by 19 percent to 21.7 billion TL, and that of financial services increased by 17 percent to 3.9 billion TL. The EBITDA of the material technologies segment decreased by 12 percent to 6.4 billion TL, and that of the other segment decreased by 39 percent to 1.3 billion TL.
On the net profit front, Sabancı Holding announced a parent company net profit of 4.3 billion TL in the third quarter of 2026. This amount is 384 percent above the 880.6 million TL in the same quarter of last year. Excluding the transaction closing effect of CarrefourSA, net profit reaches 4.5 billion TL. While the impact on the consolidated net profit of the banking segment was a loss of 1.1 billion TL, non-bank business lines contributed 5.3 billion TL. What stood out in profitability was the decrease in net monetary position losses within the scope of inflation accounting from 14.3 billion TL to 10.9 billion TL. In addition, the decrease in financial expenses from 6.2 billion TL to 4 billion TL, the decrease in tax expenses from 6.2 billion TL to 3.8 billion TL, and the increase in the shares received from investments valued by the equity method to 4.1 billion TL, an increase of 48 percent, also supported the profit. The holding's return on equity increased from 1 percent at the beginning of the year to 5.7 percent.
On a combined net profit basis, the energy segment reached 8.9 billion TL in the third quarter, with an annual increase of 90.4 percent. The net profit of the material technologies segment increased by 25.3 percent to 3.3 billion TL, and that of the financial services segment increased by 77 percent to 2.1 billion TL. The banking segment announced a net loss of 2.6 billion TL on a combined basis, while the loss of this segment was 1.8 billion TL in the same period last year. The other segment recorded a net loss of 25.9 billion TL on a combined basis.
In the first nine months of the year, Sabancı Holding's consolidated revenues decreased by 16.7 percent to 915 billion TL, while combined EBITDA increased by 3.3 percent to 163.6 billion TL. The group turned into a parent company net profit of 19.6 billion TL, from a net loss of 1 billion TL in the same period last year. Nine-month profitability was supported by the profit from the sale of shares in Akçansa to Heidelberg Materials and the decrease in net monetary position losses from 49.1 billion TL to 40.9 billion TL. During this period, the combined net profit of the energy segment increased by 112.7 percent and reached 21.4 billion TL. The combined net profit of the material technologies segment increased by 168.6 percent to 7.7 billion TL, and that of the financial services segment increased by 14.9 percent to 3.8 billion TL.
The holding's non-bank net debt/EBITDA ratio stood at 1.6x, remaining below the policy threshold of 2.0x. The holding's solo net cash position increased to 31.9 billion TL as of the end of September.
