Tat Gıda, ranked 5th in Europe and 13th globally in its sector, has announced its financial and operational results for the final quarter of 2024. According to the company’s statement, Tat Gıda achieved a net profit of 174 million TL in Q4, while its total sales volume grew by 4% to 136,000 tons.

Strong Growth in Ready-to-Eat Meals and PET Bottling

The company saw significant growth in the ready-to-eat meal segment, with production increasing by 67% to over 10,000 tons. In 2024, Tat Gıda generated 6.3 billion TL in sales.

Tat Gıda has also been expanding its PET bottling capacity, aiming to reach an annual production of 120 million units. Additionally, the company’s daily ready-meal production capacity is set to increase to 230,000 units annually.

Boosting Agricultural Efficiency & Expanding Global Reach

Tat Gıda collaborates with nearly 500 contract farmers and utilizes digital agriculture technologies to achieve high productivity levels of 100-110 tons per hectare.

The company exports to over 45 countries and has strengthened its presence in international markets through exclusive export agreements with major European retail chains. In 2024, key product categories included pizza sauce, ketchup, and diced tomatoes.

Tat Gıda increased the share of export revenue to 37%, marking a 24% growth in export volume. To support its global expansion, the company participated in major trade fairs, including Moscow Prodexpo, Dubai Gulfood, Istanbul World Food, and France SIAL, securing new partnerships.

Sustainability & Renewable Energy Investments

Placing sustainability at the core of its business model, Tat Gıda has taken significant steps to minimize its environmental impact. The company is set to launch a solar power plant (GES) in Akçaköy, Yunusemre, Manisa, in March 2025, which is expected to generate 3,800 MWh of electricity annually.

Additionally, Tat Gıda has been recognized for its sustainability efforts, climbing to 111th place among 487 companies in the BIST Sustainability Index (LSEG ESG ranking).

Strong Financial Performance Despite Economic Challenges

Despite global economic challenges, Tat Gıda increased its gross profit margin to 15% in Q4 2024. Meanwhile, its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin stood at 3.8%.

Tat Gıda continues to solidify its position as a leading food company in Türkiye and internationally, focusing on innovation, sustainability, and global expansion.

Source: CNBC-e/ Prepared by: İlayda Gök