The Bell Tolls for Armada Gıda at Borsa İstanbul

The gong rang on the Borsa Istanbul for Armada Gıda, a company with over 30 years of rich history and experience, recognized among Turkey's largest industrial and export companies. The company, which successfully completed its public offering process led by Global Menkul Değerler (IS:GLBMD), began trading on the Borsa Istanbul Yıldız Pazar under the code "ARMGD" as of January 3, 2025.

The gong ceremony was attended by Korkmaz Ergun, General Manager of Borsa Istanbul A.Ş., Fethi Kalıpçı Sönmez, Chairman of the Board of Directors of Armada Gıda, Sadettin Saygın Sönmez, Vice Chairman of the Board of Directors of Armada Gıda, board members Zeki Sönmez, Mehmet Hayri Sönmez, and Hamiyet Sönmez, Corporate Finance Director Biyanka Öztürk, Erol Göker, Chairman of Global Menkul Değerler, Gülşeyma Doğançay, Board Member and General Manager of Global Menkul Değerler, Corporate Finance Director Yiğit Engiz, the Armada Gıda family, and many invited guests.

In his speech, Korkmaz Ergun, General Manager of Borsa Istanbul A.Ş., stated, "Armada Gıda holds a valuable position in the legumes and grain sector with its legacy of over 30 years and innovative perspective. It also makes significant contributions to our national economy through its exports, which constitute a large part of its sales. With today's public offering, it will strengthen its equity structure and finance its ongoing investments. I thank everyone involved in this public offering and welcome Armada Gıda to our Borsa family, wishing that this public offering will be beneficial for the capital markets."

Fethi Kalıpçı Sönmez, Chairman of the Board of Directors of Armada Gıda, emphasized that the company, established as a family business in 1993, has now become a global player in legumes and grain exports. "At our 3 factories in Mersin, we continue to process conventional and organic products with 11 production lines, an approximate processing capacity of 725,000 tons/year, and 118,665 MT storage capacity. We export to more than 90 countries, including Germany, Italy, Egypt, Tunisia, and France. Approximately 70% of our annual revenues come from global markets. We are a very active, regionally significant player in Europe, North Africa, and the Middle East, and we have a vision to be a leader in this field. In the upcoming period, we aim to make Armada Gıda a global game-changer. We are a firm that is invested in growth. Our motivation to go public is to geometrically increase our growth rate, which arithmetically grows at 10-15% each year. With the strength we receive from our new partners, we will further solidify our investments. We have already started working on an investment of approximately $60 million. We aim to complete our third factory, which will diversify our product range and provide added value to our production, by the end of 2025. When our campus is completed, we foresee doubling our total production capacity. Additionally, we plan to implement an investment that will double the capacity of our bulgur processing line at our Central Factory no later than 2026. We also aim to become a regional player with domestic and national capital through the legumes processing facility we plan to establish in Kazakhstan. Our goal is to progress by prioritizing investments, corporate structuring, and profitability, while benefiting and providing value to our investors. By implementing our investments, we aim to continue our strong and sustainable growth and to enhance the value we provide to our country, sector, employees, and new partners. We thank the hundreds of thousands of new partners who trust in Armada Gıda."