Erdemir posts TL 11.14 billion profit
Ereğli Iron and Steel Works (EREGL) increased its net profit by 367% year over year to TL 11.143 billion in the first nine months of 2026.
According to the company's financial results published on Türkiye's Public Disclosure Platform (KAP), net profit rose significantly from TL 2.38 billion in the same period of 2025. Erdemir's third-quarter net profit of TL 2.21 billion also exceeded the market consensus estimate of approximately TL 1.93 billion.
The company's nine-month revenue increased 32% to TL 195.86 billion, while operating profit rose 60% to TL 9.50 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed from TL 13 billion to TL 20.38 billion. The results indicate a strong recovery in Erdemir's revenue and operating profitability compared with the same period last year.
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