"The Financial Statements of 43 Companies Experiencing Profit Decline in 2025 Are Critical!"

High Costs Are Weakening Profits Early in the Quarter

The third quarter of the year shows a significant decline in the profit margins of many companies. **Rising production costs**, **declining domestic demand**, and **high financing expenses** have negatively impacted the profitability of businesses, leading to profit decreases in many balance sheets.

Profit Declines Observed in Large Firms

Especially major players in the sector such as **Afyon Çimento**, **Akçansa**, **Akfen GMYO**, and **Ereğli Demir Çelik** have been the pioneers of this profit contraction. Low sales revenues and high expenses have resulted in double-digit profit declines for many companies, with some experiencing declines of up to %90. It is evident that 2025 will be challenging in terms of operational profitability.

Sectoral Solutions and Notable Profit Declines

Notable profit losses during this period can be listed as follows:

• Afyon Çimento (#AFYON): Decreased from 257,698,399 TL in 2024/09 to 71,157,614 TL in 2025/09; net decline of %72.39.


• Akçansa (#AKCNS): Decreased from 1,654,126,000 TL to 487,432,000 TL; decline of %70.53.


• Ereğli Demir Çelik (#EREGL): Decreased from 10,787,470,000 TL to 2,384,101,000 TL; drop of %77.9.


• Büyük Şefler BigChefs (#BIGCH): Decreased from 190,198,601 TL to 20,362,669 TL; decline of %89.29.


• Vakıf GMYO (#VKGYO): Decreased from 3,908,049,480 TL to 626,794,657 TL; decline of %83.96.

Urgent Need for Cost Management

It is noteworthy that in many sectors, particularly in **real estate investment trusts** and **cement companies**, profit losses have occurred at rates exceeding %70. These companies will need to prioritize cost reduction and cash management policies in their 2026 balance sheets. Otherwise, achieving sustainable growth may be a distant dream.

Conclusion and Expectations

The situation of the 43 companies with decreased profits serves as a general indication of the Turkish economy. The slowing growth rate against cost inflation highlights the necessity for developing new strategies.