Turkiye’s Mavi has reported Q1 2026 revenue of TL 12.7 billion (~$279.4 million) and net profit of TL 543 million (~$11.95 million), despite a 2 per cent decline in sales amid weaker consumer demand.
The company posted a 19.7 per cent EBITDA margin and a TL 7 billion (~$154 million) net cash position.
Mavi added 344,000 customers and expanded its retail network.Turkiye’s Mavi has reported Q1 2026 revenue of TL 12.7 billion (~$279.4 million) and net profit of TL 543 million (~$11.95 million), despite a 2 per cent decline in sales amid weaker consumer demand.
The company posted a 19.7 per cent EBITDA margin and a TL 7 billion (~$154 million) net cash position.
Mavi added 344,000 customers and expanded its retail network.
