Turkey · Delayed Price · Currency is TRY Eregli Demir ve Çelik Fabrikalari T.A.S. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw $1.4B revenue, $137M EBITDA, and $9M net profit, with strong domestic sales and 96% capacity utilization. EBITDA per ton is expected to rise in Q2, while CapEx for 2026 is guided at $600M. Net debt to EBITDA is targeted at 1.8x for the year.
Fiscal Year 2025
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Revenue reached $5.3 billion in 2025 with $501 million EBITDA and $13 million net profit. Capacity utilization hit 95% in Q4, and 2026 EBITDA per ton is guided at $75-$85, driven by efficiency gains and strong domestic demand.
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Revenue reached $3.8B with $341M EBITDA and $62M net profit in the first nine months of 2025. CapEx for 2025 is guided at $800–$850M, decreasing to $600–$650M in 2026–2027, while new investments are expected to boost EBITDA per ton in Q4 and 2026.
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Revenue reached $2.5B with $217M EBITDA and $46M net profit in H1 2025. Efficiency gains from new investments are expected to drive EBITDA per ton to $70 for the year, despite weak steel prices and challenging market conditions. Net debt/EBITDA remains below 3.3x.
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Q1 2025 saw $1.5B revenue, $99M EBITDA, and $12M net profit, with record export share and stable sales despite planned maintenance. Guidance for 2025 sales and EBITDA per ton remains unchanged, and CapEx may rise if gold mine reserves are confirmed.
Fiscal Year 2024
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Revenue reached $6.2B in 2024 with $646M EBITDA and $411M net profit, driven by high capacity utilization and strong exports. EBITDA per ton is expected to rise to $90-$100 in 2025, supported by cost-saving investments and stable market conditions.
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Revenue reached $4.6B with $572M EBITDA and $335M net profit in the first nine months of 2024. Net debt/EBITDA is 2.8x, expected to peak near 3x by year-end before declining in 2025 as CapEx moderates and market conditions improve.
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Revenue reached $3.2B, EBITDA $441M, and net profit $316M in H1 2024, with strong capacity utilization and a rebound in exports. Margin pressure is expected to persist due to global price declines, but CapEx and green investments remain on track.