Erdemir Group reports stronger 9-month financial results

Erdemir Group reported stronger financial performance in January-September 2026, with revenue and EBITDA increasing significantly YoY. Net profit for the period rose to TRY 11.51 bln (USD 231.4 mln), compared with TRY 2.52 bln (USD 50.6 mln) in the same period of 2025.

Revenue increased by 32.4pct YoY to TRY 195.86 bln (USD 3.94 bln) from TRY 147.92 bln (USD 2.97 bln). EBITDA rose by 70.2pct YoY to TRY 22.35 bln (USD 449.2 mln) from TRY 13.13 bln (USD 264.0 mln). EBITDA margin improved to 11.4pct from 8.9pct.

The group's crude steel production reached 6.9 mln tons in the first nine months of 2026, including 4.1 mln tons at Isdemir and 2.8 mln tons at the Eregli plant. Capacity utilization increased to 96pct for crude steel and 98pct for liquid steel, compared with 81pct and 82pct, respectively, a year earlier.

Flat steel production rose to 5.71 mln tons from 4.95 mln tons, while long steel output increased to 769,000 tons from 619,000 tons. Flat product sales reached 5.64 mln tons, including 4.7 mln tons sold domestically. Long product sales totalled 741,000 tons, of which 734,000 tons were sold in the domestic market. Exports accounted for 14pct of the group's total sales.

Erdemir Group's main products include hot rolled, cold rolled and galvanized flat steel, tinplate, plate, billet, slab, wire rod, iron ore, pellets, magnesite ore and refractory materials.

1 USD / 49.75 TRY