Turkish pipe manufacturer Erciyas Çelik Boru Sanayi A.
Ş. announced its financial results for the first half of this year.
During the specified period, the company posted a net loss of 292.21 million Turkish liras (USD 6.57 million) compared to the company's net loss of 93.07 million Turkish liras in the first half of 2025, while sales revenue decreased by 35.7% year-on-year to 2.29 billion Turkish liras ($51.54 million). Meanwhile, Erciyas' operating profit fell to 38.74 million Turkish liras (871,315 USD) compared to 252.55 million Turkish liras recorded in the same period last year.
In the first half of the year, exports accounted for 70% of the company's total pipe sales, while segment-wise 89% of its revenue came from steel pipes, six percent from energy and five percent from wagons. Revenue from the production of steel pipes amounted to 2.04 billion Turkish liras (42.4 million dollars), while revenue from energy supply amounted to 146 million Turkish liras (3.0 million dollars), and revenue from the sale of wagons amounted to 109 million Turkish liras (2.3 million dollars).
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