Turk Traktor posts 789.3 million lira net loss in 9 months

Turk Traktor ve Ziraat Makineleri A.S. (TTRAK) completed the first 9 months of 2026 with a net loss of 789.3 million lira (TRY). In its third-quarter financial report submitted to KAP (Public Disclosure Platform), the company reported a sharp deterioration in its operational and financial balance compared to the net profit of 1 billion 189.3 million lira recorded in the same period last year. The net loss recorded in the third quarter of the year stood at 82.96 million lira.

How much loss did Turk Traktor report in the third quarter?

The company's sales revenue contracted by approximately 28% year on year. Revenue, which stood at 50.88 billion lira in the first 9 months of 2025, retreated to 36.74 billion lira in the same period of 2026. Along with the decline in revenues, the company's operational profitability turned negative. Turk Traktor, which generated an operating profit of 2.25 billion lira in the 9-month period of last year, reported an operating loss of 860.2 million lira in the first 9 months of 2026. In the same period, the company's EBITDA also fell from 5.24 billion lira to 1.57 billion lira.

How did the company's 9-month operational performance change?

In contrast, the company's third-quarter performance pointed to a more limited loss compared to brokerage forecasts. In the third-quarter consensus of 9 institutions participating in Haber's earnings survey, the average net loss expectation was 136.7 million lira, while the median expectation was 141.8 million lira. The reported third-quarter loss of 82.96 million lira came in below both projections, proving milder than market expectations.

According to the financial statements, the company's total assets were recorded at 42.09 billion lira and total liabilities at 22.15 billion lira as of September 30, 2026. The company's equity stood at 19.94 billion lira, corresponding to an erosion of approximately 4% compared to the value of 20.78 billion lira at year-end 2025. The decline in equity on a third-quarter basis alone remained limited to 0.7%. According to Rota Borsa data, Turk Traktor's market capitalization stands at 34.20 billion lira, and its price-to-book (P/B) ratio stands at 1.72.

This content is for information purposes only and does not constitute investment advice.