Our revised expectations for 2026 are as follows:
Türkiye Operation
Domestic Market: We expect the total market size of our segments to contract by low single-digit percentages compared to 2025.
For 2026, we expect:
• We expect domestic sales of heavy commercial vehicles to remain in line with 2025 levels.
• Domestic sales of light commercial vehicles are expected to increase in the mid-teens percentage range.
• In our export activities, we expect a low single-digit percentage decrease in unit volumes.
Overall, total sales volumes are expected to remain flat.
Uzbekistan Operation
As of 2026, we expect sales units in our Uzbekistan operation to increase by mid-teens percentages.
Consolidated
As of 2026, consolidated sales units are expected to increase by mid-single-digit percentages.
EBITDA Outlook
We revise our year-end 2026 EBITDA margn expectation as a modest contraction compared to last year.
Yours faithfully,
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.