Kardemir stock gains 4.02 percent before the next earnings date

Published on 10/06/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kardemir stock posted TRY 5.98 billion in H1 2026 net profit, reversing the prior-year loss. Sales reached TRY 37.35 billion, down from TRY 39.50 billion.

Kardemir (D), TRAKRDMR91G7, Illustration mit AI erstellt.

Kardemir stock (ISIN TRAKRDMR91G7) was last at TRY 45.020 on Borsa Istanbul at 11:09 a.m. TRT on October 6, 2026, up 4.02 percent on the session. The next scheduled checkpoint is November 5, 2026, when Kardemir is set to report third-quarter results, according to Quartr.

Profit recovery changes the picture

Kardemir's latest reported period delivered a sharp earnings reversal. In the first half of 2026, net profit reached TRY 5.98 billion, compared with a net loss in the first half of 2025, while earnings per share came to TRY 5.28 versus a loss per share of TRY 0.30, Quartr reported on September 21, 2026.

The improvement was not driven by higher sales. H1 revenue totaled TRY 37.35 billion, down from TRY 39.50 billion a year earlier, a decline of 5.44 percent. At the same time, the EBITDA margin improved to 12.7 percent from 10.4 percent, giving the earnings recovery a clear operational component.

Steel volumes support margins

Operational data point in the same direction. Liquid steel production rose to 1.35 million tons in H1 2026 from 1.29 million tons in H1 2025, while EBITDA per ton increased to USD 81 from USD 68, according to Quartr.

A separate review of the second-quarter figures by Is Yatirim cited TRY 5.95 billion in quarterly net profit, TRY 20.8 billion in revenue and TRY 2.55 billion in EBITDA. The same review reported a 12.3 percent EBITDA margin and 699,000 tons of sales volume for the quarter, Rota Borsa wrote on September 8, 2026.

Analysts see further upside

The consensus published by Yatirimci.ai covers 17 brokers and carries a Buy label, with 9 Buy, 7 Hold and 0 Sell ratings. The average target is TRY 51.88, while the median is TRY 53.50; the highest target is TRY 60.00 and the lowest is TRY 37.00, according to Yatirimci.ai on October 5, 2026. The average target lies 15.23 percent above the TRY 45.020 reference price.

Kardemir stock trades below its yearly high

The share was at TRY 45.020 on Borsa Istanbul on October 6, 2026, with a 52-week range of TRY 23.50 to TRY 48.44. The market capitalization was TRY 50.0 billion as of October 6, 2026, placing the current quote 7.06 percent below the yearly high.