Kocaer Çelik lifts nine-month profit as margins improve
The Turkish steelmaker reported higher adjusted EBITDA, lower net debt and $68.3 million in new orders received in October.
Key takeaways
- Nine-month net profit rose 50% to 865 million lira.
- Adjusted EBITDA margin increased to 14.7% from 12.7%.
- Kocaer Çelik received $68.3 million in new orders in October.
Kocaer Çelik reported net profit of 865 million lira for the first nine months of 2026, up 50% from a year earlier. Net sales revenue reached 19.8 billion lira, the company said.
Adjusted EBITDA was 2.9 billion lira, and its margin rose to 14.7% from 12.7%. Third-quarter adjusted EBITDA increased 47% year over year to about 1 billion lira.
Net financial debt fell to 1.5 billion lira as of Sept. 30, from 2.5 billion lira at the end of 2025. The company also said its net debt-to-EBITDA ratio declined to 0.38 from 0.65.
In October, Kocaer received new steel profile orders worth $68.3 million for export and domestic markets. Shipments are planned for coming periods according to contract schedules.
The company said value-added products rose to 47% of sales volume, from 44% a year earlier. Its 99%-owned subsidiary also received an environmental approval for a planned 24-megawatt geothermal power plant and exploration project in Aydın province; other permits and construction work remain in progress.
As of Friday afternoon, Kocaer shares traded at 10.14 lira, up 3.26% from the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
