Tuğçelik Proposes No 2025 Dividend Despite Statutory Profit

Tuğçelik’s board has proposed no cash or share dividend for 2025 after audited TFRS accounts showed a net loss of 127,008,379 TL. Shareholders are due to consider the proposal on Nov. 4, 2026, according to the company’s KAP filing.

The filing also reports statutory-account net profit of 22,801,926.24 TL. After legal reserves, the net distributable result in those records is negative 7,211,983.23 TL; the TFRS table lists a net distributable loss of 155,960,217 TL.

The board voted unanimously to put the no-dividend proposal to the general meeting and transfer the remaining amount after legal reserves to the past-years profits and losses account. If approved, shareholders would receive no cash payment or additional shares under this proposal.