Borusan Boru increased its sales and revenue in the second quarter

The increase was driven particularly by shipments in the Infrastructure and Project segment. The company also boosted its net profit thanks to operational efficiency and reduced financing expenses.

Management emphasized that the first half of the year was marked by both uncertainties and structural transformations in the global economy and the steel pipe industry. In the second quarter, despite tariff uncertainties in OCTG products, favorable pricing, rising sales volume, cost-reduction measures, and effective cash management led to a strong operational and financial performance.

The EBITDA margin rose to 7.9% in the second quarter, while net profit was recorded at $23 million.

However, due to a high base effect, sales volume in the first half of the year fell 6% to 585,000 tons, and sales revenue declined 18% to $775 million. First-half EBITDA stood at $53 million, with net profit at $15 million.

Thanks to effective working capital and cash management, Borusan Boru reduced its net financial debt by 41% compared to the same period last year, bringing it down to $223 million. International revenues accounted for 82% of consolidated revenue, with the U.S. market holding the largest share at 68%. By segment, the highest contribution came from Infrastructure and Project (35%), followed by Industry & Construction (27%), Energy (25%), and Automotive (13%).