Dogus Otomotiv Servis ve Ticaret (DOAS) investor relations material

Executive summary

• Revenue for 2Q 2026 was TRY 113.1 billion, down 18% year-over-year, with net profit declining 35% to TRY 2.34 billion.

• Represents 18 international brands and 19 product groups, offering a wide portfolio in automotive, marine, and mobility sectors, with over 750 service points across Türkiye.

• Engages in all rings of the automotive value chain, including finance, fleet management, logistics, and insurance.

• Maintains strong sustainability and digital transformation focus, with significant investments in charging infrastructure and AI-driven initiatives.

• Wholesale sales volume decreased by 5% compared to 2Q 2025, reflecting a challenging market environment.

Financial highlights

• EBITDA for 2Q 2026 was TRY 3.08 billion, down 35% year-over-year.

• Gross profit decreased by 23% to TRY 14.1 billion; gross margin declined to 12.4% from 13.2%.

• Operating profit dropped 44% to TRY 4.86 billion; net profit margin fell to 2.07%.

• Total assets remained stable at TRY 153.3 billion.

• Cash and cash equivalents decreased by 77% to TRY 1.5 billion; net debt position increased by 9%.

Outlook and guidance

• 2026 sales volume (excluding Škoda) is expected to exceed 125,000 units.

• Total automotive market (PC + LCV + HCV) projected at over 1.2 million units.

• CapEx for 2026 is anticipated to be around TRY 5.0 billion, focusing on electrification, digitalization, and renewable energy investments.

• Strategic priorities include operational efficiency, customer satisfaction, and sustainability.

• Profitability and market share remain key priorities amid macroeconomic and geopolitical uncertainties.