Dyo Boya stock gets a new finance chief after mixed results

Published on 10/05/2026 at 19:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dyo Boya stock traded at TRY 10.53 on October 2, 2026, as the company appointed a new finance director. First-half sales reached TRY 4.9 billion.

Dyo Boya, TRAYASAS91E0, Illustration mit AI erstellt.

Dyo Boya (ISIN TRAYASAS91E0) closed at TRY 10.53 on October 2, 2026, while the paint manufacturer changed its finance leadership. According to Dunya, Erdem Durgut left the finance director role and Nihan Küsülü was appointed on October 2, 2026.

Finance leadership changes

The appointment came as Dyo Boya's latest reported figures showed a mixed earnings picture. For the first six months of 2026, FVT reported net sales of TRY 4.9 billion, net profit of TRY 40.1 million and EBITDA of TRY 849.9 million.

The earnings mix is important because the latest quarter was weaker than the preceding quarter. Investing.com reported quarterly revenue of TRY 2,687.270 million, up from TRY 2,193.756 million in the previous quarter, while net income moved from TRY 50.030 million to a TRY 9.899 million loss.

Sales growth meets earnings pressure

The quarter therefore delivered a TRY 493.514 million sequential revenue increase, but the earnings swing was negative by TRY 59.929 million. That contrast gives the finance leadership change a clear operating backdrop: sales expanded, while profitability deteriorated between the two reported quarters.

FVT also reported first-half net sales of TRY 4.9 billion against net profit of TRY 40.1 million. The figures put operating earnings ahead of bottom-line profit, with EBITDA at TRY 849.9 million for the same six-month period.

Stock stays near yearly low

Dyo Boya shares closed at TRY 10.53 on the Istanbul Stock Exchange on October 2, 2026. The price stood TRY 0.50 above the 52-week low of TRY 10.03 and TRY 12.27 below the 52-week high of TRY 22.80, while market capitalization was TRY 3.2 billion.

For investors, the key tension is visible in the numbers: quarterly sales rose 22.5 percent from the prior quarter, but quarterly net income shifted from a TRY 50.030 million profit to a TRY 9.899 million loss. The new finance director enters with revenue growth and earnings quality moving in opposite directions.