Karsan Otomotiv stock reports TRY 10.1 billion half-year sales

Published on 10/05/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Karsan Otomotiv stock carried a TRY 255.5 million net loss in the first half of 2026. Shares stood at TRY 9.230 on October 2 after a 0.86 percent decline.

Karsan Otomotiv, TRAKARSN91H7, Illustration mit AI erstellt.

Karsan Otomotiv stock was last at TRY 9.230 on Borsa Istanbul on October 2, 2026, down 0.86 percent with 11,070,000 shares traded. The company entered the final quarter after reporting higher sales but a substantial first-half net loss.

Sales rise as losses widen

According to FVT, Karsan reported TRY 10.1 billion in net sales for the first six months of 2026. The same profile lists a net loss of TRY 255.5 million and EBITDA of TRY 1.2 billion for that period.

The sales figure represented a 49 percent increase from the comparable period, according to Ticari Hayat on September 20, 2026. Financing costs remained the central pressure point, with the report stating that a TRY 250 million financing bond generated TRY 112 million in interest expense.

Index change adds a market test

MarketScreener reported that Karsan was removed from the S&P Global BMI Index on September 20, 2026. The same page identifies the company as a Turkey-based commercial vehicle manufacturer producing minibuses, buses and electric public transportation vehicles.

The operating picture is therefore split. Revenue growth and positive EBITDA show that deliveries and production are generating operating activity, while the TRY 255.5 million loss shows how financing costs can offset that progress at the net-income level.

Stock remains below yearly peak

KARSN traded between TRY 9.120 and TRY 9.320 on October 2, 2026, according to the Borsa Istanbul market table. Its 52-week range was TRY 8.540 to TRY 16.900, placing the last price TRY 7.670 below the yearly high and TRY 0.690 above the yearly low.

FVT lists Karsan's market capitalization at TRY 8.3 billion as of October 1, 2026. For investors, the next valuation debate centers on whether the first-half sales expansion can translate into net profit after financing costs.