Dear Shareholders, Business Partners, and Employees,
The year 2025 was marked by increasing economic and geopolitical uncertainties on a global scale, during which the effects of tightening trade policies and financial conditions on industrial companies became more pronounced. Trends in global demand, pricing pressures originating from China, and rising protectionist tendencies have reshaped the competitive dynamics, particularly in the chemicals and fiber sectors.
In Türkiye, high financing costs and contraction in domestic demand created a challenging environment for the real sector. In this period, where our customers also strived to adapt to changing conditions, companies with strong balance sheets, flexible production capabilities, and disciplined financial approaches stood out.
As Aksa Akrilik, in 2025 we focused on managing resilience and transformation together. While maintaining our operational continuity, we continued our investments with determination to enhance our long-term competitiveness.
Despite the slowdown in global markets throughout the year, we achieved a capacity utilization rate of 76% and realized shipments of approximately 270 thousand tons. Growth in the technical fiber segment largely offset the contraction in textile fibers. Our export share exceeding 50% strengthened our position in global markets. On the other hand, the implementation of anti-dumping measures contributed to establishing a more balanced competitive environment.
Strategic positioning in advanced materials
The year 2025 marked a period in which Aksa Akrilik’s strategic transformation in advanced materials gained a more concrete and holistic framework. Under the Akkök Chemicals and Advanced Materials Group Presidency structure, we reinforced our high value-added and technology-oriented activities with a stronger organizational setup.
The full integration of our carbon fiber operations under the Aksa umbrella and the establishment of Aksa Carbon stood out as a significant step in our long-term growth vision in this field. The increasing strategic importance of carbon fiber in composites, aerospace, defense, and advanced engineering applications is of great significance for our future positioning strategy.
The steps we have taken in composites and advanced application areas strengthen our position across the value chain extending from fiber to end products; while our solutions for defense, security, and industrial applications enable us to achieve a stronger position in global value chains. The launch of production of our Mithra product and the interest from the defense and security sectors demonstrate that our advanced materials strategy is progressing on solid ground.
All these investments do not merely represent capacity increases; they also form the foundation of our goal to transform Aksa Akrilik’s business model into a more resilient, more flexible, and higher value-added structure. At the same time, they constitute an important step toward improving portfolio quality and strengthening the foundations of sustainable growth.
Capital discipline and governance
While maintaining a disciplined and selective approach in capital allocation, we do not compromise on our long-term value creation perspective.
Sustainability and corporate governance principles form the foundation of this approach. As we initiate our efforts in line with our Net Zero target, we continue to progress within the framework of transparency, ethics, and accountability. The importance we place on human capital and social contribution is also an integral part of our long-term success.
Focusing on long-term competitiveness
Overall, 2025 was a year in which we accelerated our strategic transformation by looking beyond short-term fluctuations. Rather than focusing on temporary cyclical pressures, we chose to invest in areas that will enhance our long-term competitiveness, centered on advanced materials, technology, and sustainability.
In the upcoming period, we will continue with determination to position Aksa Akrilik as a stronger, more resilient, and higher value-creating leading industrial company on a global scale.
I would like to thank all our employees who contributed to this journey, our shareholders who trust us, and all our stakeholders.
Sincerely,
Raif Ali Dinçkök
Chairman of the Board