Business · Companies · 15 hrs ago
Koç Holding’s third-quarter net profit rises to 34.9 billion lira
Koç Holding reported 34.9 billion lira in net profit for the third quarter of 2026.
The Turkish conglomerate’s profit was up 77% from the previous quarter and about 3.5 times its level a year earlier.
Strong results in the energy business drove the increase, with energy operations adding 30.4 billion lira to quarterly net profit.
The group’s refinery business, Tüpraş, benefited from a higher net refining margin, which reached $36.30 a barrel in the quarter.
Group revenue reached 1.03 trillion lira, 15% higher than in the same quarter last year.
Automotive and consumer durables faced weaker demand, while a 3 billion lira gain from selling Koç Finansman shares to Ford Otosan also supported profit.
Net profit for the first nine months was 56.4 billion lira, up 203% year over year.
Koç Holding reported a net profit of 34.9 billion lira for the third quarter of 2026.
That was up 77% from 19.7 billion lira in the previous quarter and about 3.5 times the 9.9 billion lira recorded a year earlier.
Strong operational performance in the energy segment was the main driver of higher profitability.
Consolidated revenue in the quarter rose 15% year on year to 1.0308 trillion lira.
Net profit for the first nine months increased 203% year on year to 56.4 billion lira.
- Who
- Koç Holding.
- What
- It reported third-quarter net profit of 34.9 billion lira.
- When
- The third quarter of 2026.
- Where
- Not stated.
- Why
- Strong operational performance in the energy segment drove higher profitability.
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- Third-quarter net profit
- 34.9 billion lira
- Quarter-on-quarter profit growth
- 77%
- Year-on-year profit growth
- About 3.5 times
- Third-quarter consolidated revenue
- 1.0308 trillion lira
- First nine-month net profit
- 56.4 billion lira