Turkish pipe producer Erciyas Çelik Boru Sanayi A.Ş. has announced its financial results for the first half of this year.
In the given period, the company posted a net loss of TRY 292.21 million ($6.57 million), compared to a net loss of TRY 93.07 million in the first half of 2025, while its sales revenue decreased by 35.7 percent year on year to TRY 2.29 billion ($51.54 million). Meanwhile, Erciyas' operating profit fell to TRY 38.74 million ($871,315) from TRY 252.55 million recorded in the same period last year.
In the first half, exports accounted for 70 percent of the company's total pipe sales, while on a segment basis, 89 percent of its revenues came from steel pipes, six percent from energy and five percent from wagons. Revenue from steel pipe operations amounted to TRY 2.04 billion ($42.4 million), while energy revenue totaled TRY 146 million ($3.0 million) and wagon revenue stood at TRY 109 million ($2.3 million).
