Turkish pipe manufacturer Erciyas Çelik Boru Sanayi A.
Ş. announced financial results for the first half of the current year.
During the period, the company recorded a net loss of 93.08 million Turkish liras ($2.43 million), compared with a net profit of 30.65 million Turkish liras for the same period in 2024, while its sales revenue decreased by 1.5 percent year-on-year to 3.56 billion Turkish liras ($95.36 million). Additionally, Erciyas recorded an operating profit of 252.55 million Turkish liras ($6.75 million), compared with an operating profit of 315.88 million Turkish liras in the first half of the previous year.
In the first half of the year, 75.26 percent of the company's total pipe sales were export sales. Since Erciyas mainly supplied pipes with high specifications and weights to foreign markets, the company's shipping and export expenses accounted for 81.04 percent of total marketing, sales and distribution expenses in the first six months of the year.
According to the report, despite the high costs, the company managed to keep debt levels under control and strengthen cash management. Erciyas Celik Bor's export-oriented sales allowed him to hedge currency risk and flexibly adapt to global price fluctuations. For the rest of 2025, the company aims to increase operational efficiency, accelerate investments in green transformation and low-carbon production, establish financial and strategic partnerships in new markets, and diversify its portfolio.
