Çelik Halat ve Tel Sanayii A.Ş. has published its activity report for the January 1-June 30, 2026 period. The company’s revenue amounted to TRY 1.08 billion in the first half of 2026, compared with TRY 1.20 billion in the same period of 2025.
The company recorded a gross loss of TRY 46.5 million during the period, compared with a gross loss of TRY 75.8 million in the first half of 2025. General administrative expenses amounted to TRY 92.2 million, sales and marketing expenses to TRY 66.5 million, and R&D expenses to TRY 10 million.
Operating loss increased from TRY 149.6 million in the first half of 2025 to TRY 232.8 million in the same period of 2026. The company recorded a net monetary position loss of TRY 251.9 million and financial expenses of TRY 55.1 million. Pre-tax loss amounted to TRY 539.7 million, while net loss for the period was reported at TRY 516.8 million. The company had posted a net loss of TRY 612 million in the first half of 2025.
All major product groups see lower sales revenue
An analysis of Çelik Halat’s gross sales revenue by product group shows that all major product groups recorded annual declines in the first half of 2026.
Rope sales revenue decreased by 8% to TRY 596.3 million, while spring wire sales fell 18% to TRY 199.9 million. Prestressed concrete strand sales decreased by 20% to TRY 163.9 million, while galvanized wire sales fell 2% to TRY 117.6 million. Revenue from other products increased by 43% to TRY 39.3 million. The company’s total gross sales revenue decreased by 10% to TRY 1.12 billion.
In its activity report, the company stated that sales processes in the countries where it operates slowed in parallel with the global economic slowdown and weaker overall economic activity.
Total assets reach TRY 6.23 billion
Çelik Halat’s total assets stood at TRY 6.23 billion as of June 30, 2026, compared with TRY 6.56 billion as of June 30, 2025. The company’s equity decreased from TRY 5.03 billion to TRY 4.53 billion over the same period. Current liabilities increased from TRY 901.5 million to TRY 1.11 billion.
The company’s gross profit margin improved from -6.30% in the first half of 2025 to -4.30% in the same period of 2026, while its operating profit margin deteriorated from -12.42% to -21.51%. The current ratio declined from 1.38 to 0.93, while the debt-to-equity ratio increased from 0.30 to 0.38.
TRY 13.2 million invested in the first half
Çelik Halat invested TRY 13.2 million in property, plant and equipment during the first six months of 2026. The company reported TRY 17.7 million in ongoing investments that had not yet been capitalized. In the same period of the previous year, investments in property, plant and equipment amounted to TRY 49.8 million.
As of June 30, 2026, Çelik Halat had 315 employees, down from 355 employees as of June 30, 2025.
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