Mega Metal Posts 94.4% EBITDA Growth in First Nine Months
The copper-wire maker also began commercial production and sales at its South Carolina facility, with capacity expansion planned for 2027.
Key takeaways
- Nine-month revenue rose 66% year over year, while operating profit increased 115%.
- EBITDA rose 94.4% to 1.55 billion lira, exceeding the full-year 2025 figure.
- Commercial production and sales began at Mega Metal’s South Carolina facility.
Mega Metal’s revenue rose 66% in the first nine months of 2026 from a year earlier, while operating profit increased 115%. EBITDA climbed 94.4% to 1.55 billion lira, exceeding the 1.22 billion lira recorded for all of 2025.
The company said sales of its super-fine wire played an important role in the EBITDA growth. Chairman Cüneyt Ali Turgut attributed the performance to the company’s higher-value products and production strength.
Mega Metal has started commercial production and sales at its facility in South Carolina. It plans to raise the plant’s annual capacity gradually to 24 thousand tonnes in 2027.
The company also plans to bring a 10-megawatt solar power plant in Tunceli into operation. With that investment, it expects renewable sources to meet about 90% of its electricity use in 2027.
As of Friday afternoon, Mega Metal shares traded at 3.65 lira, up 9.94% from the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
