Polisan Holding generated TRY 6.4 billion in consolidated revenue and TRY 1.1 million in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in 2025.
Despite challenging global and local economic conditions, the company focused on maintaining operational efficiency and balance sheet discipline, and implemented significant restructuring steps in line with its strategic priorities in 2025. Within this scope, the separation of the paint group subsidiaries through a partial spin-off has been completed. In addition, operations at Polisan Hellas, whose operational performance had long been under pressure, were halted and a share sale process was initiated, which was completed as of January 2026.
The company aims for the portfolio adjustments to contribute to a healthier foundation for financial performance in the medium term.
Polisan Hellas-related foreign exchange losses arising from transferring Polisan Hellas loans to the Holding, impairment losses recorded on investment properties, and deferred tax expenses recorded due to the termination of inflation accounting under VUK in the last quarter of the year were among the factors affecting the 2025 financial results. In addition, losses recorded from investments accounted for under the equity method created additional pressure on the net profit for the period. The widening gap between inflation and exchange rates, and weakening demand both in domestic and European markets were among the factors that impacted operational profitability.
A significant portion of these impacts stemmed from the portfolio restructuring carried out during the year and from accounting adjustments.
DEVELOPMENTS REGARDING POLISAN HELLAS
Polisan Holding completed the share sale process of Polisan Hellas S.A., whose operations were halted in June 2025, as of January 2026. In this context, all shares in Polisan Hellas were transferred, through Polar Teknoloji Yatırım A.Ş., to the ultimate buyers Ilvief S.A. and Sunrise Hellas M.I.K.E., and with the transaction Polisan Holding’s shareholding in the company ended.
Polisan Hellas has displayed weak operating performance for a long time due to weakening demand in the European PET market in recent years, high energy costs, and intensifying competition. Considering the company’s accumulated losses from previous years and its high level of indebtedness, Polisan Holding carried out a significant capital increase in 2025 in order to manage financial liabilities and eliminate the risk of technical insolvency, and the funds were used to repay financial debts. Accordingly, the sale price was determined independently of past investment amounts, taking into account the company’s operating status on the sale date, its financial structure, and the economic value expected to be created in the future.
“WE FOCUSED ON OUR STRATEGIC PRIORITIES”
Esra Yazıcı, Executive Board Member responsible for operations at Polisan Holding, commented as follows: “2025 was a period in which challenging macroeconomic conditions continued to make their impact felt at both global and local levels. Throughout this process, as Polisan Holding, we took important steps to preserve our operational efficiency, strengthen our financial discipline, and transform our portfolio into a more focused structure in line with our strategic priorities. We believe that the restructuring decisions we implemented during the year will, in the coming period, create a strong foundation for sustainable growth with a leaner and stronger balance sheet structure.”