Wire · operational-macro
MGROS: Sales and EBITDA grew, e-commerce and fintech turned profitable, but margins declined
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Fusion42 · 12 August 2026 · Fusion42 review
MGROS reported a 2.7% year-over-year net sales increase in Q2 2026 with an EBITDA margin of 4.3% and a net profit of TL 1.1 billion for the first half of 2026. The e-commerce and fintech segments have become profitable despite ongoing margin pressure from promotional activities and rising costs.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Profitability in MGROS's e-commerce and fintech arms signals a shift in Turkish retail finance; fintech founders should explore opportunities in sectors balancing growth with margin pressures. You must act on rising costs now before promotional tactics erode long-term viability.
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1 source · 12 Aug 2026
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