Can2 Termik stock gets a TRY 2 billion buyback program

Can2 Termik stock closed at TRY 1.06 on October 7, 2026, after the board approved a TRY 2 billion buyback. First-half sales reached TRY 3.8 billion.

Can2 Termik stock closed at TRY 1.06 on Borsa Istanbul on October 7, 2026, down 1.85 percent from the previous close of TRY 1.04. The key company event is a three-year repurchase program capped at TRY 2 billion.

Buyback covers 500 million shares

According to Can2 Termik in its September 30, 2026 disclosure, the board authorized purchases of up to 500 million shares. That ceiling equals 5 percent of the company's issued capital and gives the program a defined size rather than an open-ended authorization.

The same disclosure sets the maximum funding at TRY 2 billion and grants management authority to execute transactions under Capital Markets Board rules. The program will be presented to shareholders at the first general assembly meeting for information, adding a governance checkpoint to the three-year authorization.

Half-year loss remains the counterweight

For the six months ended June 30, 2026, Can2 Termik reported net sales of TRY 3.8 billion and a net loss of TRY 2.9 billion, according to FVT. The result leaves the buyback as a capital-allocation signal that investors must weigh against continuing operating losses.

FVT also reports EBITDA of TRY 1.2 billion for the same first-half period. The contrast between positive EBITDA and the TRY 2.9 billion net loss highlights the effect of items below operating earnings and makes the quality of the reported profit line central to the stock discussion.

Trading activity stays elevated

The October 7 session produced a high of TRY 1.09 and a low of TRY 1.04, with volume of 170,102,633 shares. The closing level therefore sat TRY 0.02 above the session low, while the 1.85 percent daily decline marked a weaker session despite the newly authorized repurchase capacity.

For investors, the program offers a clearly quantified framework: 500 million potential shares, TRY 2 billion of maximum funding and three years of execution authority. The operating backdrop is equally concrete, with TRY 3.8 billion of first-half sales alongside a TRY 2.9 billion net loss.

Can2 Termik stock closes at TRY 1.06

Can2 Termik stock closed at TRY 1.06 on Borsa Istanbul on October 7, 2026, with the session change at minus 1.85 percent. The fact box below uses the same trading day and venue.

Key facts on Can2 Termik stock

• Company: Can2 Termik A.S.
• Ticker: CANTE
• Trading venue: Borsa Istanbul
• Closing price (October 7, 2026): TRY 1.06
• Daily change: minus 1.85 percent
• Session range: TRY 1.04-TRY 1.09
• Volume: 170,102,633 shares
• Sector / Industry: Utilities / Electrical utilities