Turk Traktor shares fall following FY results

Turk Traktor ve Ziraat Makineleri

10/02/2026 08:01

** Turk Traktor TTRAK.IS shares fall about 5% after the Turkey-based company engaged in the manufacture of agricultural machinery announced on Monday its FY results and expectations for 2026

** The company posted an FY net profit of 454.8 million lira ($10.43 million) vs a net profit of 7.51 billion lira year ago; and an FY revenue of 53.84 billion lira vs 87.66 billion lira year ago

** The company also sees for 2026 its domestic tractor sales at 11,500–14,500, tractor exports at 11,000–13,500 and CAPEX of $75-100 million

** Brokerage Global Menkul Degerler states it views company's results negatively, citing an anticipated decline in domestic tractor sales, significant contraction in EBITDA and the serious decline in domestic market share in 2025

** Turk Traktor is among the worst performers on the BIST 100 .XU100, which itself is up 0.2%

($1 = 43.6121 liras)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com))