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Eregli Demir ve Çelik Fabrikalari (EREGL) investor relations material
Eregli Demir ve Çelik Fabrikalari Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved $5.3 billion in revenue, $501 million EBITDA, and $13 million net profit for 2025, with total production and sales of 7.8 million tons and strong domestic demand.
Consolidated financials for 2025 were audited with an unqualified opinion, and the company maintained compliance with corporate governance and ESG initiatives.
Domestic sales accounted for 79% of revenue, with export volumes at 1.5 million tons (20% of total sales), reflecting a strategic focus on the local market.
Board and committee structures, as well as executive management, remained stable with regular meetings and high attendance.
Financial highlights
EBITDA per ton reached $64 in 2025, with guidance for 2026 set at $75-$85 per ton, driven by cost reductions and higher sales volumes.
Net working capital increased due to extended trade payables maturity; net debt/EBITDA remained below 2x at year-end.
EBITDA margin declined to 9.4% in 2025 from 10.4% in 2024, and net profit margin fell to 0.2%.
Free cash flow for 2025 was $958 million.
$43 million in dividends paid and $483 million spent on investment activities in 2025.
Outlook and guidance
2026 EBITDA per ton expected to rise to $75-$85, with full impact of new investments contributing $40 per ton.
Sales volumes projected between 8.2-8.4 million tons in 2026, up from 7.8 million tons in 2025.
CapEx for 2026 guided at $600 million, with similar levels expected for 2027-2028.
Dividend policy remains to distribute all distributable profit in cash, subject to leverage and market conditions.
Forward-looking statements are subject to significant uncertainties and may differ materially from estimates.
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