Dear Stakeholders,
We have left behind a year in which global transformation accelerated and competitive dynamics evolved. This environment of change has required us to reassess our business models and define our strategic priorities more clearly. In this context, as Aksa Akrilik, in 2025 we took strategic steps to sustain our business model within a more integrated and resilient structure while generating higher value added. While strengthening our product portfolio with a focus on advanced materials, we continued our efforts in organizational simplification, operational excellence, and integration with determination.
The contraction in global demand, the slowdown in the textile sector, and particularly pricing pressures originating from China significantly altered sector dynamics. Financing costs in our country and the contraction in the domestic market also reshaped the operating environment. Within this landscape, 2025 became a threshold year in which we accelerated our portfolio transformation and placed our advanced materials–driven growth strategy on a more concrete foundation.
A stronger position in value-added products
The performance we achieved in our high value-added product groups for technical textiles is underpinned by our R&D capabilities and the solution-oriented collaborations we have established with our customers. As a result of this approach, the progress we have made in technical fibers and specialty product segments has enhanced the quality of our product mix while contributing positively to our operational profitability.
In line with our approach of deepening in value-added and specialized segments, we commissioned our technical yarn investment. Through ongoing product development and customer trial processes, we consider this area a strategic expansion that will diversify our portfolio and strengthen our position in high value-added segments in the medium term.
Our flexible production infrastructure, effective supply chain management, and customer-focused approach have been among the key building blocks enabling the diversification and transformation of our portfolio. In this way, while maintaining our operational continuity under fluctuating market conditions, we continue our transition toward higher value-added business areas in a steady manner.
Next-generation products: controlled and strategic progress
The year 2025 marked an important milestone with the commencement of production of our Mithra product. With this product—Türkiye’s first domestically developed high-performance UHMWPE fiber—we have begun to establish a presence in applications requiring advanced performance, while aiming to gradually strengthen our position in this segment and deepen our technological capabilities. We position this area as a strategic expansion that will diversify our advanced materials portfolio in the medium and long term.
Advanced materials–focused growth: integration and scale
We supported our transformation in advanced materials not only through new investments but also through share acquisitions and capital increases. In this context, by increasing our stake in Aksa Carbon, we have created a more focused structure for our carbon fiber operations, while strengthening our solutions for defense, aerospace, energy, and advanced engineering applications. The synergy created through the acquisition of Aksa Composites and our application development–focused efforts have further enhanced our position across the value chain extending from fiber to end products, making it more integrated and robust.
Our investment volume exceeding USD 200 million, including company acquisitions and capital increases, has been the most tangible indicator of our transformation journey.
Sustainability as an integral part of decision-making
As a natural extension of this holistic approach, we have embraced sustainability as an integral component of all our ways of doing business—from operations to strategic decision-making processes. The strong scores we achieved on the CDP platform reflect not only our environmental performance but also our discipline in transparency and data quality. Our efforts in circular economy, resource efficiency, and reducing our carbon footprint concretely support our long-term value creation approach.
Digital transformation and process integration
In line with the same transformation vision, we have also addressed our organizational and technological infrastructure, prioritizing digitalization alongside the renewal of our ERP infrastructure. We have redesigned our ERP transformation project with a simple, integrated, end-to-end structure, targeting implementation in 2027. Through this transformation, we aim to streamline operational processes, strengthen data integrity, and enhance the speed of decision-making.
We position our digital infrastructure not merely as a system that meets current needs, but as a strategic foundation that will support our future growth and scaling objectives. We address organizational simplification and digital integration within the same transformation framework.
Looking ahead with determination
As a result of all these efforts, we completed 2025 with a focus on sustainability, digital transformation, and prioritizing customer experience. In 2026, with our agile organizational structure and strong human capital, we will continue with determination our vision of becoming a more resilient, integrated, and higher value-added company. I would like to thank our valued stakeholders, esteemed business partners, all our employees, and everyone who has contributed to this journey.
Sincerely,
Didem Tunçbilek
Board Member and General Manager