Business · Companies · 6 hrs ago
Oyak Çimento’s quarterly revenue and profit rose from the previous quarter
Oyak Çimento reported its third-quarter 2026 results for the Turkish cement company.
Revenue was 17.8 billion lira, up 8% from the previous quarter but down 11% from a year earlier.
The company’s results have improved over the past two quarters after a weaker start to the year, despite high interest rates weighing on demand.
Strong performance in the Marmara and Aegean regions and more profitable products helped support the recovery.
Operating profit before interest, tax, depreciation and amortisation reached 5.4 billion lira, above market expectations and 33% higher than in the second quarter.
Its profit margin rose to 30.4%, helped by the start-up of a 115-megawatt solar power plant and strong cement operations.
Net profit was 3 billion lira, up 36% from the previous quarter but down 32% year on year, while net cash increased to 13.6 billion lira.
Higher shipping costs linked to the US-Iran war hurt exports, whose share of total sales fell to 8.5%.
Oyak Çimento reported third-quarter 2026 revenue of 17.8 billion Turkish lira, up 8% from the previous quarter.
Net profit was 3 billion lira, a 36% quarterly increase and above the 2.3 billion-lira market expectation.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 33% from the second quarter to 5.4 billion lira.
Revenue and net profit were lower than a year earlier, falling 11% and 32%, respectively.
Strong performance in the Marmara and Aegean regions, a profitable product mix and improved pricing conditions supported the quarterly recovery.
- Who
- Oyak Çimento Fabrikaları A.Ş.
- What
- It reported third-quarter 2026 financial results, with revenue and net profit higher than in the previous quarter.
- When
- Third quarter of 2026; the results were reported on November 4, 2026.
- Where
- Not stated.
- Why
- Strong performance in the Marmara and Aegean regions, a profitable product mix and a relatively normalised pricing environment supported the recovery.
This story does not have two clearly opposing sides.
The company’s revenue was relatively weak.
EBITDA was 4.1 billion lira.
Revenue reached 17.8 billion lira and net profit reached 3 billion lira, both higher than in the previous quarter.
- Third-quarter revenue
- 17.8 billion Turkish lira
- Quarterly revenue change
- Up 8%
- Third-quarter net profit
- 3 billion Turkish lira
- Quarterly net profit change
- Up 36%
- Third-quarter EBITDA
- 5.4 billion Turkish lira