Turkish integrated long-gauge steel manufacturer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.
S. (Kardemir) has announced financial and operating results for 2025.
In that year, the company recorded a net profit of 39.96 million Turkish liras ($905,876), compared with a net loss of 1.86 billion Turkish liras in 2024. Last year, the company recorded an operating loss of 1.22 billion Turkish liras ($27.73 million), compared with an operating loss of 1.38 billion Turkish liras in the previous year. Kardemir's sales revenue decreased by 9.7% year-on-year to 66.72 billion Turkish liras ($1.51 billion).
In addition, in the specified year, the company's EBITDA decreased by 9.3 percent year-on-year to 6.99 billion Turkish liras ($158.52 million).
In 2025, Kardemir produced 2.5 million tons of steel, which is 0.3 percent less, while pig iron production was 2.58 million tons, which is 0.3 percent less compared to the same period last year. The company's total sales increased by 10.6 percent year-on-year to 2.5 million tons.
In 2025, Kardemir continued investments aimed at increasing production capacity and expanding the product range. As part of the company's investment program, projects were implemented to install a new continuous casting machine, expand the converter capacity, vacuum plant, modernize the biological treatment plant, as well as projects related to the production of railway wheels.
The company also aims to increase the production of value-added products and develop domestic
