Tüpraş net profit surges 335%

The company's net profit surged 335% year over year, while revenue increased 66% to TL 474.4 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 245% annually to TL 88.7 billion. Tüpraş's total net profit for the first nine months of the year reached TL 121.3 billion.

Higher energy prices and stronger refining margins contributed to the company's robust financial performance. Tüpraş's net refining margin climbed to $36.3 per barrel in the third quarter, while its capacity utilization rate reached 106%. The company raised its 2026 net refining margin guidance from $13–15 to $20–22 per barrel. Maintaining its full-year targets of 29 million tons of production and 30 million tons of sales, Tüpraş also announced plans for approximately $700 million in capital expenditures.