CEO's Message

Dear Stakeholders,
As Alarko Holding, we continued to grow and create value for our country, investors, and all stakeholders in the third quarter of 2024. Despite challenging economic conditions since the start of the year, we are pleased to have achieved successful financial results due to meticulous planning and careful execution of our activities.
Through controlled commercial expenditures, precise cash flow monitoring, and proactive risk management, our consolidated profit for the third quarter reached 1.6 billion TL. By the end of the first nine months, the challenging impact of inflation accounting on our financials has gradually lessened.
With the approval we received from the Competition Authority regarding the energy storage systems partnership we announced in the previous quarter, we are advancing steadily toward becoming an influential company in sustainable clean energy in Turkey.
Celebrating Alarko Group’s 70th anniversary this year, we have strengthened our leadership position with investments in various sectors, including industry, tourism, energy, and agriculture. Moving forward, we aim to accelerate our geothermal-based modern greenhouse operations in Turkey, expand our collaboration with Kazakhstan, and establish a global presence in advanced greenhouse agriculture. Our investment in Hillside Bodrum is progressing rapidly, and we are also finalizing preliminary studies in the aviation sector.
Our 2024 Corporate Governance Rating, raised to 9.55, reflects not only the strength of our corporate structure but also our dedication to sustainability, transparency, and accountability. With each step toward the future, we will continue to raise the bar in line with corporate governance principles.
While pursuing ambitious goals in sustainability, technology, and innovation as part of our growth and transformation journey, we remain committed to creating a lasting impact on national development and adding value to our society through our exemplary initiatives.
We sincerely thank our Board of Directors, all employees, business partners, and supporters who contribute to Alarko Holding’s vision of becoming an international portfolio company.

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We Take Every Step for a Solid Future

Founded in 1954 as a limited partnership by İshak Alaton and Üzeyir Garih, Alarko Holding is one of the most respected enterprises of the Turkish economy with its leading brands, extensive knowledge and experience in various fields, high-technology driven R&D investments, national sales network, international projects and ambition for global competition.

3

Public Company

46

Billion TL Combined Turnover

1974

Public Opening

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Contact us to get more information about our investor relations.

Özgür KALYONCU

Investor Relations Director