Logotype for Türkiye Petrol Rafinerileri A.Ş.

Türkiye Petrol Rafinerileri (TUPRS) investor relations material

Türkiye Petrol Rafinerileri Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Türkiye Petrol Rafinerileri A.Ş.
Q2 2025 earnings summary29 Jul, 2025

Executive summary

  • Achieved strong operational and financial performance in Q2 2025, with record domestic gasoline sales and robust cash reserves, supported by prudent balance sheet management and strategic initiatives such as a $500M sustainability-linked club loan and Turkey's first domestic SAF procurement agreement.

  • Cash and cash equivalents reached $2.3B (TRY90.4B) at quarter-end, aided by operational performance, improved working capital, and favorable financing.

  • Completed acquisition of solar assets in Romania, expanding international renewables presence.

  • Dividend payments totaling TRY29.3B were approved for 2024 profits, with the first installment paid in March 2025.

  • Moody's upgraded the company's rating following Turkey's sovereign upgrade.

Financial highlights

  • Q2 2025 revenue was TRY183B (~$4.6B), with gross profit at TRY17.8B and net income at TRY8.9B; H1 2025 revenue was TRY351.3B, net income TRY8.99B, and EPS 4.66 Kr.

  • EBITDA for Q2 2025 was TRY15B, with H1 2025 EBITDA at TRY25.2B; gross margin for H1 2025 was 9.1%.

  • Net debt/EBITDA improved to -0.9 in H1 2025, reflecting a strong net cash position.

  • Working capital normalized after Q1 one-off effects, supporting cash levels.

  • Operating cash flow for H1 2025 was TRY13.7B, up from TRY11.5B in H1 2024.

Outlook and guidance

  • Net refining margin guidance maintained at $5–$6 per barrel for 2025; production expected at ~26M tons and sales at ~30M tons, with capacity utilization between 90–95%.

  • Consolidated CapEx target for 2025 remains $600M; $232M spent in H1.

  • No upward revision to year-end expectations solely due to high capacity utilization during peak season.

  • Management expects to recover deferred tax assets from investment incentives within five years.

  • Focus remains on refining and electricity, with continued international expansion in renewables.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Türkiye Petrol Rafinerileri earnings date

Logotype for Türkiye Petrol Rafinerileri A.Ş.
Q3 20254 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Türkiye Petrol Rafinerileri earnings date

Logotype for Türkiye Petrol Rafinerileri A.Ş.
Q3 20254 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage