Ereğli Demir Çelik reported a profit of 651 million TL in the third quarter of 2025.

Ereğli Demir Çelik Announces Third Quarter Results for 2025

Ereğli Demir Çelik reported a net profit of 651 million TL in the third quarter of 2025. However, this figure represents a 19% decrease year-on-year and a 51% decrease compared to the previous quarter. The net profit margin declined to 1.23%, while rising costs and financing expenses emerged as key factors putting pressure on the company's profit.

Sales Revenues and Costs

The company's sales revenues were recorded at 53 billion TL, marking a 9% increase year-on-year and a 28% increase on a quarterly basis. Domestic sales rose by 12.4% to 40 billion TL, while international sales decreased by 6.4% to 10 billion TL. The cost of sales increased to 49 billion TL, with a 30% increase quarter-on-quarter and a 10% increase year-on-year.

Financing Expenses and Deferred Tax Income

Financing expenses increased by 19% year-on-year and 16.50% quarter-on-quarter to 2.4 billion TL. Additionally, the company recorded 896 million TL in deferred tax income in the third quarter.

Production and Capacity Utilization Rate

In the first nine months of 2025, total production fell by 6.1% year-on-year to 5.57 million tons. The capacity utilization rate was recorded at 81%. This rate had declined to 75% in 2023 after reaching 94% in 2021, before rising again to 89% in 2024.

Performance in Foreign Currency

In dollar terms, the company achieved 1.3 billion dollars in sales revenue in the third quarter. Sales revenues for the first nine months of 2025 amounted to 3.9 billion dollars. The company's net profit fell by 78% compared to the same period last year, reaching 2.4 billion TL.