Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD) investor relations material

Executive summary

• Revenue for Q1 2026 was 15.48 billion TL, down from 18.86 billion TL year-over-year, reflecting a contraction in sales volume and pricing pressures.

• Net profit for the quarter was 24.5 million TL, a significant turnaround from a net loss of 1.94 billion TL in Q1 2025.

• Operating profit reached 757 million TL, compared to an operating loss of 675 million TL in the prior year period.

• Total assets increased to 141.2 billion TL as of March 31, 2026, up from 139.8 billion TL at year-end 2025.

Financial highlights

• Gross profit for Q1 2026 was 1.33 billion TL, up from 936.8 million TL year-over-year.

• EBITDA improved, with operating income turning positive after a loss in the previous year.

• Net cash from operating activities was 4.37 billion TL, a strong improvement from negative 2.85 billion TL in Q1 2025.

• Cash and cash equivalents at quarter-end were 4.22 billion TL, up from 2.92 billion TL at year-end 2025.

• Total equity increased to 93.4 billion TL from 93.2 billion TL at year-end.

Outlook and guidance

• The company continues to monitor market volatility and inflationary pressures, with risk management strategies in place for currency and interest rate fluctuations.

• No explicit forward guidance was provided, but management emphasizes ongoing cost controls and efficiency improvements.