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 $5.3B in 2025 with $501M EBITDA and $13M net profit. Strong domestic demand drove sales, while efficiency gains from new investments are expected to boost 2026 EBITDA per ton to $75-$85. CapEx for 2026 is set at $600M.
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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. Full-year EBITDA per ton guidance was revised down to $70, driven by efficiency gains from new investments, while CapEx is projected at $800–$850M. Export share hit a record 27% despite market headwinds.
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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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Reported $6.2B revenue, $646M EBITDA, and $411M net profit for 2024, with strong capacity utilization and export performance. 2025 guidance targets $90-$100 EBITDA/ton, $800-$850M CapEx, and continued cost reductions from new investments and efficiency gains.
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Revenue reached $4.6B with $572M EBITDA and $335M net profit in the first nine months. Net debt/EBITDA is 2.8x, expected to peak at ~3x 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.