Türk Traktör announced a net loss of 83 million TL in the third quarter of 2026

Türk Traktör ve Ziraat Makineleri A.Ş. shared its financial results for the third quarter of 2026 with the public. While the company announced a net loss of 83 million TL during this period, its revenue declined by 20 percent on an annual basis to 11.7 billion TL.

The company's EBITDA was recorded at 936 million TL in the third quarter, exceeding the analyst expectation of 712 million TL. EBITDA, which was 2 billion TL in the same period of the previous year, decreased by 53 percent annually. The EBITDA margin fell by 600 basis points year-over-year to 8 percent due to the contraction in the gross profit margin and rising operating expenses.

While domestic tractor sales dropped by 26 percent to 15,401 units in the first nine months of the year, exports recorded a 13 percent increase over the same period. Construction machinery sales contracted by 16 percent and combine harvester sales by 9 percent. The company did not change its market and sales expectations for 2026 and plans capital expenditures of 60-70 million euros until the end of the year.