Turkish integrated long steel producer Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.Ş. (Kardemir) has announced its financial and operational results for the January-September period of this year.
In the given period, the company posted a net profit of TRY 6.58 billion ($131.5 million), compared to a net loss of TRY 1.24 billion ($24.8 million) recorded in the first nine months of last year, while its sales revenue declined by 3.1 percent year on year to TRY 60.57 billion ($1.21 billion). In the same period, Kardemir reported an operating profit of TRY 2.04 billion ($40.8 million), compared to an operating profit of TRY 155.17 million ($3.1 million) recorded in the January-September period of 2025.
The company recorded EBITDA of TRY 7.35 billion ($146.9 million) in the first nine months of the year, while its EBITDA margin increased to 12.14 percent.
In the January-September period, the company's crude steel production increased by 6.2 percent year on year to 1.98 million mt, while its pig iron production rose by 8.6 percent year on year to 1.85 million mt. Meanwhile, Kardemir's sales volume increased by 4.8 percent year on year to 1.97 million mt.
Kardemir, which continues to invest in developing its production infrastructure and strengthening its competitiveness, reportedly made capital expenditures totaling $67.64 million in the first nine months of 2026.
