Business · Companies · 7 hrs ago
Türk Traktör reports 83 million lira third-quarter loss
Türk Traktör reported an 83 million lira net loss in the third quarter of 2026.
The Turkish tractor and agricultural machinery maker’s revenue was 11.7 billion lira, down 20% from a year earlier.
Domestic tractor sales fell 26% in the first nine months, while exports rose 13%.
Sales of other products also declined: construction machinery was down 16% and combine harvesters 9% over the same period.
Operating profit before interest, tax, depreciation and amortisation was 936 million lira, down 53% year on year but above analysts’ expectations.
The company kept its 2026 forecasts unchanged, expecting Turkey’s tractor market to total 16,000–21,000 units and planning to invest 60–70 million euros by year-end.
It also expects domestic sales of 8,500–10,000 tractors and exports of 11,000–13,500.
Türk Traktör reported a net loss of 83 million lira in the third quarter of 2026.
Revenue was 11.7 billion lira, down 20% year on year and 14% from the previous quarter.
EBITDA was 936 million lira, above the analyst expectation of 712 million lira but 53% lower than a year earlier.
Domestic tractor sales fell 26% in the first nine months of 2026, while exports rose 13%.
The company made no changes to its 2026 forecasts compared with the previous quarter.
- Who
- Türk Traktör ve Ziraat Makineleri A.Ş.
- What
- It reported a third-quarter net loss of 83 million lira.
- When
- The third quarter of 2026. The results were reported on October 26, 2026.
- Where
- Not stated
- Why
- The company said the previous quarter’s deferred tax income did not recur, and a high base effect contributed to the shift from profit to loss.
This story does not have two clearly opposing sides.
Türk Traktör reported net profit of 734 million lira, helped by deferred tax income.
The company reported a net loss of 83 million lira.
Bloomberg HT published the results.
- Third-quarter net result
- Loss of 83 million lira
- Third-quarter revenue
- 11.7 billion lira
- Third-quarter EBITDA
- 936 million lira
- Domestic tractor sales
- 15,401 in the first nine months of 2026, down 26% year on year
- 2026 domestic sales forecast
- 8,500–10,000 tractors
- 2026 investment spending plan
- 60–70 million euros by year-end