Mazhar Zorlu Holding's losses are approaching 2 billion TL.

Mazhar Zorlu Holding’s Loss Situation

Mazhar Zorlu Holding announced that its accumulated losses approached 2 billion TL in the last nine-month financial period. The steps the company has taken under difficult financial conditions continue to attract the attention of investors. The continuation of losses poses a worrisome situation for market participants.

Financial Performance Analysis

In the nine-month period, the company’s sales decreased by 2%, while its gross profit dramatically increased to 249.5 million TL. This increase indicates improvements in pricing or costs. However, the significant decline of 87% in the operating profit has negatively affected investors' growth expectations.

In particular, the operating profit fell from 202.3 million TL to a concerning level of 26.5 million TL. EBITDA turned from negative to 12.7 million TL. Nevertheless, the company’s net loss for the period has still been recorded as 36.1 million TL.

Future Outlook and Expectations

According to analysts' evaluations, while Mazhar Zorlu Holding’s loss situation continues, the positive trend in gross profit growth and the progress of EBITDA in a positive direction provide hope for a return to profitability. However, a permanent turnaround still requires the operating profit to turn positive. If the operating profit turns positive in the fourth quarter and the financial burden remains limited, the likelihood of profit may appear. However, the high accumulated losses and weak net profitability necessitate taking existing risks into account.