Importing & marketing electrical appliances.
Ralco remained profitable despite a lower-sales year, but 2025 shows a business funding more working capital and more distributions through short-term credit and less through cash left in the company.
Ralco did not solve its supplier-risk problem in 2025. It only moved the Arcelik relationship from a direct Turkish route to an indirect one that demands more cash, while GRUNDIG exited and CHIQ still has not built a scaled or durable replacement role.
Ralco is funding its receivables book almost one-for-one through discounted credit-card vouchers and short-term bank borrowing, which makes bank dependence part of the sales engine rather than a backup liquidity layer.
