Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD) investor relations material

Executive summary

• Net profit reached TRY 5.98 billion in H1 2026, a significant turnaround from a net loss in H1 2025.

• Sales revenues totaled TRY 37.35 billion, down from TRY 39.50 billion year-over-year.

• EBITDA reached USD 102 million with a margin of 12.7% in H1 2026.

• Total comprehensive income for the period was TRY 8.66 billion, compared to a loss of TRY 896 million in the same period last year.

• The interim financials received an unqualified review conclusion from the independent auditor.

Financial highlights

• Gross profit margin improved to 9.2% from 5.2% year-over-year.

• Operating profit margin rose to 4.5% from -1.3% in H1 2025.

• EBITDA per ton was USD 81, up from USD 68 in H1 2025.

• Net profit margin was 16.0% for the six-month period.

• Earnings per share for the period was TRY 5.28, versus a loss per share of TRY 0.30 last year.

Segment performance

• Liquid steel production reached 1.35 million tons, up from 1.29 million tons in H1 2025.

• Main product sales: billet 572k tons, rebar 325k tons, profile 510k tons, rail 43k tons, wire rod 185k tons, railway wheels 33k tons.

• Average product sales prices: billet USD 531/ton, rebar USD 569/ton, profile USD 596/ton, wire rod USD 572/ton.

• Main operations include manufacturing and sales of iron, steel, coke, and by-products.

• Subsidiaries operate in steel construction, casting, energy, and logistics, with shareholding ratios near or at 100%.