Kordsa Teknik plans to double capital: what it means for Kordsa Teknik stock

Published on 10/01/2026 at 19:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kordsa plans to lift capital from TRY 3.70 billion to TRY 7.39 billion. Kordsa Teknik stock reports on November 4, 2026.

Kordsa Teknik, TRAKORDS91B2, Illustration mit AI erstellt.

Kordsa Teknik Tekstil (ISIN TRAKORDS91B2) plans to double its issued capital from TRY 3.70 billion to TRY 7.39 billion, after applying to Turkey's Capital Markets Board on September 30, 2026. Hibya reported on October 1, 2026, that the company submitted its prospectus for approval.

Cash issue doubles issued capital

The proposed transaction would raise issued capital by 100.00 percent, from TRY 3,695,860,271.57 to TRY 7,391,720,543.14. The increase would be funded entirely in cash, and the company plans to issue TRY 3,695,860,271.57 in nominal-value shares.

CNBCE reported that existing shareholders' subscription rights would remain unrestricted and that the rights issue price would be TRY 1.00 for each TRY 1.00 nominal value of shares. Kordsa also plans to offset TRY 2.63 billion of its parent company's subscription obligation against a previous capital advance.

First-half profit provides operating context

For the first half of 2026, Kordsa reported TRY 18.6 billion in net sales, TRY 592.5 million in net profit and TRY 2.4 billion in EBITDA, according to FVT. The capital increase therefore comes alongside a reported first-half profit rather than a loss-making period, giving the financing plan a measurable operating backdrop.

TradingView lists November 4, 2026 as Kordsa's next earnings-report date. That date will give investors a fresh test of earnings after the first-half figures and during the proposed financing process.

Market value and next reporting date

Kordsa's market capitalization stood at TRY 10.5 billion on October 1, 2026, based on the Borsa Istanbul listing. The company operates in technical textiles and industrial reinforcement materials, with the capital increase aimed at strengthening its equity structure.