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SUWEN TEKSTİL SANAYİ PAZARLAMA A.Ş.
Interim Report • Nov 10, 2025
9026_rns_2025-11-10_dc196a6a-9b11-40ee-a671-afefffdc04b5.pdf
Interim Report
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INTERIM ACTIVITY REPORT FOR THE PERIOD JANUARY 1 − SEPTEMBER 30, 2025
TABLE OF CONTENTS
| General Inf | ormation | |
|---|---|---|
| Company Profile | 8 | |
| About Suwen | ç | |
| Milestones | 1 | |
| Vision & Mission | 1 | |
| Capital and Shareholding Structure | 1 | |
| Preferred Shares | 1 | |
| Subsidiaries | 1 | |
| Board of Directors and Senior Management | 1 | |
| Investor Relations Department | 1 | |
| General Assembly Meetings | 1 | |
| Amendments to the Articles of Association | 1 | |
| Operation | ıl Developments | 2 |
| Information on Investments | 2 | |
| Related Party Transactions | 2 | |
| Retail Footprint – Türkiye & Global | 2 | |
| Product Portfolio | 2 | |
| Financial H | lighlights | 2 |
| Suwen at a Glance | 3 | |
| 9M Ended September 30, 2025 Financial Highlights | 3 | |
| Consolidated Interim Financial Statements | 3 |
GENERAL INFORMATIONS
8 9 COMPANY PROFILE Period of the Report: 01.01.2025 - 30.09.2025 Company Title: Suwen Tekstil Sanayi Pazarlama Anonim Şirketi Trade Registry Number: 502674 Tax ID: 330 049 9555 Registered Capital Ceiling: TRY 300,000,000 Paid-in Capital: TRY 560,000,000 Head Office Address: Fatih Sultan Mehmet Mah. Balkan Cad. No: 39/41 İç Kapı No: 1 Ümraniye/İstanbul Email: [email protected] Website: www.suwencompany.com
ABOUT SUWEN
Suwen was established in 2003 in Istanbul by an experienced team specialized in manufacturing for globally renowned lingerie brands. After its first sales in department stores in 2005, Suwen opened its first branded store in 2007, marking the start of rapid growth. In 2017, Suwen partnered with Taxim Capital ("Intilux S.àr.l"), a private equity fund investing in medium-sized, growth-oriented companies, significantly advancing its corporate governance structure. Suwen was publicly listed in April 2022 and continues trading on Borsa Istanbul.
Operating in Turkey's women's lingerie, homewear, and swimwear (KIEP) segments, Suwen has been developing collections with its own designers: lingerie since inception, homewear since 2012, swimwear since 2014, and hosiery and accessories since 2016. In 2023, Suwen added cosmetics and perfumery products to its portfolio, primarily collaborating with domestic manufacturers and reaching customers domestically and internationally through its robust retail store network and e-commerce channels. Suwen products are distributed through retail stores, e-commerce, and wholesale channels. Retail stores remain the primary channel, while the second-largest channel comprises the company's website, www. suwen.com.tr, launched in 2019, along with third-party e-commerce platforms, playing a crucial role in Suwen's growth strategy. According to independent consultancy Deloitte's 2021 sector report, Suwen ranked as Turkey's fastest-growing women's lingerie retail brand based on store expansion.
As of September 30, 2025, Suwen operates 186 stores across 51 provinces in Turkey, consistently enhancing its brand accessibility. Since entering international markets rapidly in 2022, Suwen expanded globally, opening 2 stores in Cyprus, 7 in Romania, along with 6 international dealerships, reaching a total of 201 stores during 2025.
As of September 30, 2025, the Group employs 1,416 personnel (December 31, 2024: 1,147 personnel).
This Activity Report has been prepared in accordance with the Capital Markets Board (SPK) Communiqué No. II-14.1 and covers the interim reporting period from January 1, 2025, to September 30, 2025. Throughout this report, Suwen Tekstil Sanayi Pazarlama A.Ş. and its subsidiary Suwen Lingerie S.R.L. will be collectively referred to as the "Group," the "Company," or "Suwen."
CAPITAL AND SHAREHOLDING STRUCTURE
As of September 30, 2025, the Company's paid-in capital is TRY 560,000,000, and the shareholding structure is presented in the table below.
| SHAREHOLDER NAME/SURNAME/TITLE |
SHARE IN CAPITAL (TRY) |
PERCENTAGE OF CAPITAL (%) |
|---|---|---|
| Birol Sümer | 58.104.160 | 10,38 |
| Ali Bolluk | 58.104.160 | 10,38 |
| Özcan Sümer | 58.104.160 | 10,38 |
| Çiğdem Ferda Arslan | 20.000.020 | 3,57 |
| Publicly Traded Shares | 365.687.500 | 65,30 |
| TOTAL | 560.000.000 | 100,00 |
In accordance with the Board of Directors' resolution dated December 26, 2024, it was decided to increase the Company's issued capital from TRY 224.000.000 to TRY 560.000.000 by raising TRY 336.000.000 (representing a 150% increase), funded entirely from internal resources, thereby exceeding the registered authorized capital ceiling of TRY 300.000.000 on a one-time exceptional basis.
The issuance document prepared for this capital increase was approved by the Capital Markets Board with decision number 21/635 dated April 10, 2025. Consequently, Article 6 of the Company's Articles of Association, reflecting the new issued capital of TRY 560.000.000 was registered on April 25, 2025, and subsequently announced in the Turkish Trade Registry Gazette numbered 11319 on April 25, 2025
https://www.kap.org.tr/tr/Bildirim/1430277
As of September 30, 2025, the Company's issued capital amounts to TRY 560.000.000 while total shareholders' equity stands at TRY 1.586.152.052 The Company's total equity significantly exceeds its issued capital.
PREFERRED SHARES
| 30.09.2025 | SHARE GROUP | # OF SHARES | SHARE AMOUNT (TRY) SHARE PERCENTAGE (%) | |
|---|---|---|---|---|
| Birol Sümer | A | 15.000.000 | 15.000.000 | 2,68 |
| Birol Sümer | B | 43.104.160 | 43.104.160 | 7,70 |
| Ali Bolluk | A | 15.000.000 | 15.000.000 | 2,68 |
| Ali Bolluk | B | 43.104.160 | 43.104.160 | 7,70 |
| Özcan Sümer | A | 15.000.000 | 15.000.000 | 2,68 |
| Özcan Sümer | B | 43.104.160 | 43.104.160 | 7,70 |
| Çiğdem Ferda Arslan | A | 5.000.000 | 5.000.000 | 0,89 |
| Çiğdem Ferda Arslan | B | 15.000.020 | 15.000.020 | 2,68 |
| Publicly Traded Shares | B | 365.687.500 | 365.687.500 | 65,30 |
| 560.000.000 | 560.000.000 | 100,00 |
The Company's shares are classified into two groups: Group (A) and Group (B). According to the Articles of Association, Group (A) shares, representing 8.93% of the total capital, possess certain privileges.
- Under Article 6 of the Articles of Association, Group (A) shareholders have privileges in nominating candidates to the Board of Directors and voting rights in the General Assembly. •
- Under Article 7, three members of the Board of Directors are elected by the General Assembly from among candidates proposed by Group (A) shareholders. •
- Under Article 9, Group (A) shares carry voting privileges, with each share valued at TRY 1 granting its holder five votes at General Assembly meetings. •
- Furthermore, Article 9 specifies that, in addition to maintaining the quorums required by the Capital Markets Law and Turkish Commercial Code, decisions regarding the following critical matters ("Matters Requiring a Qualified General Assembly Decision Quorum") require affirmative votes representing at least 75% of the capital held by Group (A) shareholders: •
- Amendments to the Articles of Association, except for capital increases made within the authorized capital system. •
- Changing the Company's scope of activities, entering new business fields, or exiting existing ones. •
- Capital increases (excluding increases within the authorized capital system), liquidation, dissolution, termination, capital reduction, or changes in the Company's legal structure. •
- Filing for bankruptcy, concordat, or financial restructuring under Article 309/m of the Enforcement and Bankruptcy Law No. 2004. •
- Transfer of all or part of the Company's business operations. •
- Changing the privileges of Group (A) shareholders regarding nomination of Board members, voting rights, or altering the structure of the Company's Board of Directors. •
SUBSIDIARIES
To manage its retail and e-commerce operations directly in Romania, the Company established a subsidiary named Suwen Lingerie S.R.L. ("Subsidiary"), registered on 3 June 2019 at Voluntari City, 1/VI Pipera Blvd. Hyperion Towers Building, Tower 2, Ilfov County, Romania.
The subsidiary has a paid-in capital of RON 2.530.000, fully owned (100%) by the Company. Currently, Suwen operates 7 stores in Romania through this subsidiary.
There is no cross-shareholding between the Company and its subsidiary.
BOARD OF DIRECTORS
The Company's Board of Directors consists of 6 members.
| Name - Surname | Position |
|---|---|
| Birol Sümer | Chairman of the Board |
| Ali Bolluk | Vice Chairman of the Board - General Manager |
| Özcan Sümer (*) | Board Member |
| Çiğdem Ferda Arslan | Board Member - Deputy General Manager, R&D and Production |
| Müge Tuna | Independent Board Member |
| Mehmet Tarkan Ander | Independent Board Member |
(*) At the Board of Directors meeting dated 2 December 2024, Özcan Sümer was appointed to fill the Board membership vacancy resulting from Selahattin Zoralioğlu's resignation, subject to approval at the next General Assembly. His appointment was subsequently approved at the Company's 2024 Annual General Assembly meeting held on 10 April 2025.
BOARD COMMITTEES
Audit Committee
The Audit Committee carries out its activities in compliance with Capital Markets regulations and in accordance with the Corporate Governance Principles defined by the Capital Markets Board (CMB). The Committee operates within its defined authority and responsibilities, providing recommendations to the Board of Directors. However, the final decision-making authority rests with the Board of Directors.
The Committee meets at least four times a year, and the meeting outcomes are documented and reported to the Board of Directors.
AUDIT COMMITTEE
Early Detection of Risk Committee
The Committee's purpose is to identify, define, prioritize (based on their potential impact and likelihood), monitor, and review strategic, financial, and operational risks and opportunities that may affect the Company's operations. Additionally, the Committee provides recommendations and guidance to the Board of Directors on managing and reporting these risks and opportunities in alignment with the Company's overall risk profile, ensuring they are appropriately considered in decision-making processes.
The Committee meets six times a year, and the meeting outcomes are recorded and reported to the Board of Directors.
EARLY DETECTION OF RISK COMMITTEE
Corporate Governance Committee
The Corporate Governance Committee evaluates the implementation of corporate governance principles within the Company, identifies reasons for any non-compliance, and detects potential conflicts of interest arising from incomplete adherence to these principles. It provides recommendations to the Board of Directors aimed at improving corporate governance practices and oversees the activities of the Investor Relations Department. The Committee also fulfills the responsibilities of the Nomination and Remuneration Committees, as stipulated by Capital Markets Board regulations.
In principle, the Committee meets at least once annually and convenes additional meetings as necessary. Decisions taken during these meetings are documented, signed by Committee members, and archived.
CORPORATE GOVERNANCE COMMITTEE
(*) Appointed as a member of the Committee on December 2, 2024
SENIOR EXECUTIVES
The Company's senior executives are presented in the table below.
(*) Fatih Koç, who served as Deputy General Manager responsible for Finance, resigned from his position on 3 February 2025. Mehmet Melih Özkan, previously the Director of Budgeting, Reporting, and Financial Control, was appointed as Deputy General Manager responsible for Finance (CFO) effective from 16 April 2025.
Total benefits and compensation provided to the Group's senior executives for the accounting period from 1 January to 30 September 2025 amounted to TRY 34.870.433 (1 January – 30 September 2024: TRY 31.007.795).
INVESTOR RELATIONS DEPARTMENT
Information regarding the Company's Investor Relations Department, which is responsible for managing relations with shareholders, is provided below.
Serpil Yaşar (*)
Manager
Level 3 License No. Corporate Governance Rating Specialist License No. 200087 700099
Investor Relations Department Officer Şeyma Kalafat Accounting Supervisor
Contact: [email protected]
The Investor Relations Department carries out activities related to the exercise of shareholders' rights, the public disclosure of material events, answering shareholders' inquiries about the Company and the exercise of shareholder rights, General Assembly (EGKS), capital increases, dividend distribution, amendments to the articles of association, and the management of the Public Disclosure Platform (KAP) and Central Registry System (MKK), as well as the fulfillment of Corporate Governance Principles. In line with these activities, internal administrative arrangements and practices have been implemented within the Company to ensure compliance with these principles. Shareholders are provided with timely, complete, and accurate information.
(*) Assigned as the Manager of the Investor Relations Department on December 2, 2024.
GENERAL ASSEMBLY MEETINGS
The General Assembly convenes in ordinary and extraordinary sessions. Invitations to these meetings comply with provisions of the Turkish Commercial Code (TCC) and Capital Markets Board (CMB) regulations. The operational procedures of the General Assembly meetings are defined in the "Internal Directive on the Working Principles and Procedures of the General Assembly," ensuring compliance with TCC, capital markets legislation, the Company's Articles of Association, and the said directive.
Shareholders may participate in these meetings electronically, in accordance with Article 1527 of the TCC. Pursuant to the relevant provisions of the Articles of Association, shareholders and their representatives are enabled to exercise their rights through the established electronic system.
Announcements regarding General Assembly meetings are made in compliance with the TCC, Capital Markets Law, capital markets legislation, and other relevant regulations. Such announcements are published at least three weeks prior to the meeting date (excluding the announcement and meeting dates) on the Company's website, the Public Disclosure Platform (KAP), locations determined by the CMB, and the Turkish Trade Registry Gazette. Alongside the General Assembly meeting announcements, mandatory disclosures and other important notices stipulated by corporate governance regulations of the CMB are prominently communicated to shareholders through the Company's website.
The Ordinary General Assembly Meeting concerning the Company's fiscal year 2024 was held on April 10, 2025. The meeting minutes can be accessed at the following links: https://www.kap.org.tr/tr/Bildirim/1423377 and https://suwencompany.com/10nisan2025/
ARTICLES OF ASSOCIATION AMENDMENTS
In line with the Board of Directors' resolution dated 26 December 2024, the Company's issued capital was increased from TRY 224.000.000 to TRY 560.000.000 through a fully internalresources-funded increase of TRY 336.000.000 (representing a 150% increase), thereby exceeding the registered authorized capital ceiling of TRY 300.000.000 on a one-time exceptional basis.
The issuance document prepared for this capital increase was approved by the Capital Markets Board with decision number 21/635 dated 10 April 2025. Accordingly, the updated version of Article 6 of the Company's Articles of Association reflecting the new issued capital amount of TRY 560.000.000 was registered on 25 April 2025 and published in the Turkish Trade Registry Gazette numbered 11319 on April 25, 2025.
The current Articles of Association can be accessed at: https://www.kap.org.tr/tr/Bildirim/1430277
OPERATIONAL DEVELOPMENTS
INFORMATION ON INVESTMENTS
The Company invests in the domestic market with the aim of expanding its business operations and increasing its commercial volume. The primary component of its capital expenditures is the expansion of retail operations through the opening of new stores.
As of the reporting period, the breakdown of the Company's total capital expenditures is presented in the table below.
Information on the Control System and Internal Audit Activities
Our Company's internal control system operates under established procedures and is reviewed annually.
Lawsuits Filed Against the Company:
There are no lawsuits filed against the Company that could significantly affect its financial position or operations. As of September 30, 2025, the total amount of provisions for compensation claims, severance, notice, and wage claims filed against the Company is TRY 1.104.683 (December 31, 2024: TRY 728.871)
Explanations Regarding Special Audits and Public Audits
The Company is subject to full certification (tam tasdik) and independent audits. Between January 1, 2025 and September 30, 2025, there was no special audit or public audit concerning the Company's operations.
Administrative Fines and Judicial Sanctions
No administrative or judicial sanctions were imposed on the Company during the activity report period.
Donations and Aid
For 2025, the maximum amount for donations has been set at TRY 4,000,000, as approved by the General Assembly. In the reporting period, the Company made donations and charitable contributions totaling TRY 1.979.115. In comparison, the total for the period 01.01 – 30.09.2024 was TRY 944.751.
Rights and Benefits Provided to Personnel and Workers, Collective Bargaining Practices
All employees of our Company are subject to Labor Law No. 4857, and during the period of January 1, 2025 – September 30, 2025, the Company employed a total of 1.416 staff. As of September 30, 2025, the Company's severance pay liability stands at TRY 7.992.135 (31.12.2024: TRY 7.753.749)
No union based contractual agreement is presently in effect.
Information on Legislative Changes That May Significantly Affect Company Activities
There is no legislative change that would significantly affect the Company's activities.
Explanations on Administrative or Judicial Sanctions Applied to the Company and Members of Its Management Body Due to Noncompliance with Legislative Provisions
None for this reporting period.
Information on Employees' Social Rights, Their Professional Training, and Corporate Social Responsibility Activities Related to Other Social and Environmental Outcomes of the Company's Operations
Suwen demonstrates its genuine commitment to gender equality through a 55% female manager ratio and continues to support women's employment with 186 stores across 51 provinces. The official sponsorship we provide to the A National Women's Volleyball Team for the 2023-2026 period reflects our sincere embrace of women's strength and success. Our projects carried out with the Women's Cancer Association and our initiatives focusing on girls' education underscore that we view contributing to society as not merely a responsibility but an indispensable value. This approach fosters a strong sense of trust among our employees, customers, and investors, while also contributing to our sustainable growth objectives.
Research and Development Activities
At present, we do not have any active projects under our Research and Development efforts.
RELATED PARTY TRANSACTIONS
| TRADE RECEIVABLES (TRY) | 30.09.2025 | 31.12.2024 | |||
|---|---|---|---|---|---|
| Eko Tekstil San. ve Tic A.Ş. | 158.965.297 | 59.930.568 | |||
| TOTAL | 158.965.297 | 59.930.568 | |||
| TRADE PAYABLES (TRY) | 30.09.2025 | 31.12.2024 | |||
| Eko Tekstil San. ve Tic. A.Ş. | 19.846.813 | 50.978.526 | |||
| Livadi Tekstil İth. İhr. Tic. A.Ş. | 2.473.245 | - | |||
| Aseyya Tekstil | 847.450 | 9.464.528 | |||
| Elmas Çamaşır İth. İhr. Tic. A.Ş. | - | 16.337.392 | |||
| Netcad Yazılım A.Ş. | - | 9.303 | |||
| TOTAL | 23.167.508 | 76.789.749 | |||
| 01.01 30.09.2025 | |||||
| PURCHASES | Goods (TRY) |
Financial Transactions (TRY) |
Others (TRY) |
Services (TRY) |
Total (TRY) |
| Eko Tekstil San. ve Tic. A.Ş. | 1.288.299.543 | 2.716.503 | 27.440 | 285.146 | 1.291.328.632 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. | 196.459.364 | - | - | - | 196.459.364 |
| Elmas Çamaşır İth. İhr. Tic. A.Ş. | 125.270.863 | - | - | - | 125.270.863 |
| Aseyya Tekstil Sermin Sümer | 73.110.755 | - | - | - | 73.110.755 |
| Netcad Yazılım A.Ş. | - | - | - | 82.934 | 82.934 |
| TOTAL | 1.683.140.525 | 2.716.503 | 27.440 | 368.080 | 1.686.252.548 |
| SALES | Goods (TRY) |
Financial Transactions (TRY) |
Others (TRY) |
Services (TRY) |
Total (TRY) |
| Eko Tekstil San. ve Tic. A.Ş. | 64.870.231 | ||||
| _ | 1.159.152 | - | 66.029.383 | ||
| Aseyya Tekstil Sermin Sümer | 737.409 | - | 1.159.152 | - | 66.029.383 737.409 |
| Aseyya Tekstil Sermin Sümer Livadi Tekstil İth. İhr. Tic. A.Ş. |
- | 1.159.152 - - |
- - - |
||
| • • | 737.409 | - | - - - |
- - - |
737.409 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. | 737.409 398.399 |
- - - |
- - - - 1.159.152 |
- - - |
737.409 398.399 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. |
737.409 398.399 171.514 |
Financial Transactions | - - - |
- - - Services (TRY) |
737.409 398.399 171.514 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 | 737.409 398.399 171.514 66.177.553 |
- - - 1.159.152 |
737.409 398.399 171.514 67.336.705 |
||
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES | 737.409 398.399 171.514 66.177.553 Goods (TRY) |
(TRY) | - - - 1.159.152 Others (TRY) |
737.409 398.399 171.514 67.336.705 Total (TRY) |
|
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 |
(TRY) 2.131.050 |
- - - 1.159.152 Others (TRY) |
737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 | |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 |
(TRY) 2.131.050 |
- - - 1.159.152 Others (TRY) |
737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 | |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 |
(TRY) 2.131.050 |
- - - 1.159.152 Others (TRY) |
737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 | |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. Moni Tekstil Sanayi Ticaret A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 153.796.208 |
(TRY) 2.131.050 |
- - - 1.159.152 Others (TRY) |
737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 153.796.208 | |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. Moni Tekstil Sanayi Ticaret A.Ş. Aseyya Tekstil | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 153.796.208 89.443.261 |
(TRY) 2.131.050 |
- - - 1.159.152 Others (TRY) |
737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 153.796.208 89.443.261 | |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. Moni Tekstil Sanayi Ticaret A.Ş. Aseyya Tekstil Latte Tekstil Sanayi ve Ticaret A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 153.796.208 89.443.261 |
(TRY) 2.131.050 |
- - - 1.159.152 Others (TRY) |
(TRY) | 737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. Moni Tekstil Sanayi Ticaret A.Ş. Aseyya Tekstil Latte Tekstil Sanayi ve Ticaret A.Ş. Netcad Yazılım A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 |
(TRY) 2.131.050 | 1.159.152 Others (TRY) 12.835 | (TRY) 353.934 | 737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 353.934 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. Moni Tekstil Sanayi Ticaret A.Ş. Aseyya Tekstil Latte Tekstil Sanayi ve Ticaret A.Ş. Netcad Yazılım A.Ş. | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 - 1.982.563.194 Goods | (TRY) 2.131.050 2.131.050 Financial Transactions | 1.159.152 Others (TRY) 12.835 12.835 Others | (TRY) 353.934 353.934 Services | 737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 353.934 1.985.061.013 |
| Livadi Tekstil İth. İhr. Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. TOTAL 01.01 30.09.2024 PURCHASES Eko Tekstil San. ve Tic. A.Ş. Elmas Çamaşır İth. İhr. Tic. A.Ş. Livadi Tekstil İth. İhr. Tic. A.Ş. Moni Tekstil Sanayi Ticaret A.Ş. Aseyya Tekstil Latte Tekstil Sanayi ve Ticaret A.Ş. Netcad Yazılım A.Ş. TOTAL SALES | 737.409 398.399 171.514 66.177.553 Goods (TRY) 1.225.856.424 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 - 1.982.563.194 Goods | (TRY) 2.131.050 2.131.050 Financial Transactions | 1.159.152 Others (TRY) 12.835 12.835 Others (TRY) | (TRY) 353.934 353.934 Services | 737.409 398.399 171.514 67.336.705 Total (TRY) 1.228.000.309 335.294.423 175.768.535 153.796.208 89.443.261 2.404.343 353.934 1.985.061.013 Total (TRY) |
TÜRKİYE RETAIL FOOTPRINT
As of September 30, 2025, the Company's total number of stores in Turkey is 186, with a total sales area of 23,394 m2 (September 30, 2024: 21.253 m2).
GLOBAL RETAIL FOOTPRINT
As of September 30, 2025, the Company's total number of stores worldwide is 201, with a total sales area of 25,131 m2 (September 30, 2024: 23,280 m2).
In the first nine months of 2025, eight new stores were opened in Türkiye, and operations at two stores were discontinued. Within the international franchise network, there were two openings and five closures.
PRODUCT CATEGORIES
45,4% 37,2%
Bra, briefs, undershirt, and corset
HOMEWEAR
Pajama sets, nightgowns, and robes
14,0% BEACHWEAR
Bikini, swimsuit, pareo, and beach
2,5% HOSIERY
Pantyhose / socks and tights
0,7% ACCESSORIES
Bra accessories
0,2% COSMETICS
Body mist, soap, lipoil, cologne
FINANCIAL HIGHLIGHTS
7 Country 63 City
201 Number of 25.131
Stores
Total Sales Area (sqm)
4.359 Consol.
Rev (M TRY)
97,8% TR Sales
Share
2,2%
Int'l Sales Share
5,5%
84,4%
6
Retail Rev Growth Share
Retail Rev
Net New Stores
17,9%
E-Comm Rev Growth 14,5% E-Comm Rev Share
1.416
Headcount
SUWEN AT A GLANCE 9M 2025 FINANCIAL HIGHLIGHTS
Suwen's sales revenue for the first nine months of 2025 increased by 6.6% compared to the same period in 2024, reaching TRY 4,359,164,048. Operations were carried out with a gross profit margin of 51.2% and an EBITDA margin of 19.3%. During the reporting period, the Company achieved a net profit of TRY 108,513,641, corresponding to a net profit margin of 2.5%.
*TMS 29-Applied Figures (M TRY)
9M 2025 FINANCIAL HIGHLIGHTS
TMS 29 Inflation Accounting Applied
Net Sales (Million TRY)
Gross Profit (Million TRY)
EBITDA (Million TRY)
Net Profit (Million TRY)
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024
| TRY | 30.09.2025 | 31.12.2024 |
|---|---|---|
| Current Assets | 1.728.109.882 | 2.041.429.680 |
| Non-Current Assets | 1.688.573.422 | 1.264.401.517 |
| TOTAL ASSETS | 3.416.683.304 | 3.305.831.197 |
| Current Liabilities | 1.215.619.945 | 1.272.280.135 |
| Non-Current Liabilities | 614.911.307 | 456.590.049 |
| Equity | 1.586.152.052 | 1.576.961.013 |
| TOTAL LIABILITIES AND EQUITY | 3.416.683.304 | 3.305.831.197 |
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS FOR THE INTERIM PERIODS JANUARY 1 - SEPTEMBER 30, 2025 AND 2024
| TRY | 30.09.2025 | 30.09.2024 |
|---|---|---|
| Revenue | 4.359.164.048 | 4.087.968.943 |
| Gross Profit | 2.232.597.802 | 2.181.268.356 |
| Operating Profit | 374.266.093 | 525.324.453 |
| Operating Profit Before Financial Expenses | 378.947.172 | 536.103.618 |
| Profit Before Tax from Continuing Operations | 216.583.332 | 383.422.222 |
| NET PROFIT FOR THE PERIOD | 108.513.641 | 260.306.901 |
Events After the Balance Sheet Date
Sustainability Reporting.
In line with the Turkish Sustainability Reporting Standards, our Company's Sustainability Report covering the period of January 1 – December 31, 2024 was disclosed to the public via the Public Disclosure Platform (KAP) on October 23, 2025.
