Operating across the chemicals, paint, port operations, and real estate sectors, Polisan Holding has announced its financial results for the first quarter of 2025 via the Public Disclosure Platform (KAP). The Holding reported consolidated revenues of TRY 1.5 billion in the first three months of the year, along with a gross profit of TRY 246 million and an EBITDA of TRY 140 million.
Polisan Holding CEO Cantekin Dinçerler shared the following insights regarding the results:
“For the past two years, global and regional developments have continued to challenge market conditions. The global economic slowdown, shrinking domestic demand, and the widening gap between inflation and the exchange rate have all put pressure on our consolidated performance. While these pressures persist, we are taking the necessary measures to mitigate the impact of rising financing costs and increasing working capital requirements on our operational outcomes. Despite the difficult market environment, Polisan Holding is simultaneously laying the groundwork for new investments and initiating key steps in its strategic transformation journey.”
Strategic Restructuring Within the Paint Group
Alongside its financial disclosures, Polisan Holding also announced a significant strategic restructuring move within its Paint Group. As per a resolution by the Board of Directors, a partial spin-off process has been initiated whereby Polisan Kansai and Rohm and Haas—subsidiaries operating in paint production and paint chemicals—will be transferred to a newly established company. The application regarding this process has been submitted to the Capital Markets Board.
Highlighting the strategic significance of this decision, Dinçerler stated:
“Granting the Paint Group an independent structure will not only allow this business line to grow more effectively based on its own dynamics but also enable the Holding to focus more clearly on its overarching strategic objectives. We expect this spin-off to create additional value for all our stakeholders in the short to medium term.”
