COR · 10-Q · 2026Q2 · Full report

Türkiye Inflationary Impact

Cencora, Inc. · 2026-08-05 · Importance 25 · Surprise 32

Cencora accounts for Türkiye as a highly inflationary economy, and the continued weakening of the Turkish lira generated cost of goods sold expense of $38.4 million in the nine months ended June 30, 2026, up 5.6% from $36.4 million in the prior-year period. The quarterly charge was $15.4 million, compared with $14.8 million in the prior-year quarter. A substantial majority of Alliance Healthcare’s outstanding borrowings were held in Türkiye and were used to fund working capital.

Key facts

• We recognized expense in Cost of Goods Sold of $15.4 million and $14.8 million in the three months ended June 30, 2026 and 2025, respectively, and $38.4 million and $36.4 million in the nine months ended June 30, 2026 and 2025, respectively, related to Türkiye highly inflationary accounting. source