According to the financial results reported by Erciyas Boru, a total loss of TRY 68.5 million (68,532,698) was realized in the first quarter of the year. In the first quarter of 2024, a profit of TRY 33.4 million (33,426,205) was announced.
Erciyas Boru, which generated TRY 1.7 billion (1,712,038,285) from sales in the first quarter of 2024, generated sales revenue of TRY 1.3 billion (1,361,112,967) this year. While operating profit was TRY 336.4 million (336,430,102) in the same period last year, this figure decreased to TRY 219.7 million (219,744,458) in 2025.
Thus, revenue decreased by 20% compared to the same period of the previous year, while operating profit fell by 35%.
During the period in question, EBITDA came in at TRY194.4 million (194,445,000), decreased from TRY212.5 million (212,525,000) a year ago.
On the other hand, the company's shareholders' equity increased by 5% q/q.
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