Kocaer Steel increased its sales volume by 23% y-o-y in the third quarter of 2025, driven by strong export performance despite the challenging conditions in the global steel market.
Amid global supply-demand imbalances, rising trade barriers, and price pressures, the company raised its export share to 83% of total sales. With a sales network spanning six continents, Kocaer Steel’s total sales volume also grew by 15% compared to the previous quarter.
According to 2024 data from the Turkish Exporters Assembly (TİM), Kocaer Steel ranked 92nd among Türkiye’s top 100 exporters. The company continued to implement its strategy focused on high value-added steel production. The share of value-added products in total sales rose from 40% in the same period last year to 44%. Between January 1 and September 30, 2025, Kocaer Steel achieved net revenue of TL 17.24 billion, reflecting its volume growth in financial performance.
Maintained profitability through operational efficiency
Despite the U.S. increasing its steel import tariffs to 50% and growing export pressure from China, Kocaer Steel managed to sustain operational profitability in the third quarter.
In the first nine months of 2025, gross profit increased by 5% y-o-y to TL 3.27 billion, while adjusted EBITDA reached TL 2.18 billion. Net profit for the period rose to TL 451 million.
Strong balance sheet backed by financial discipline
Excluding the energy segment, capital expenditures totaled TL 314 million in the first nine months of the year. Through disciplined working capital management, total financial debt remained stable at TL 5.96 billion as of September 30, 2025. The net financial debt-to-adjusted EBITDA ratio stood at 1.2x, reflecting a robust balance sheet position.
By the end of the third quarter, total assets amounted to TL 23.6 billion, while shareholders’ equity reached TL 11.8 billion.
Outlook for the final quarter
Expecting continued volatility in the global steel market through the final quarter of the year, Kocaer Steel aims to maintain its stable performance through a diversified product portfolio, broad export network, and efficiency-focused production strategy. The company plans to preserve its financial resilience by continuing to focus on high value-added production and sustainable growth initiatives.
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