Borusan Birlesik raises 2026 guidance: what it means for Borusan Birlesik stock

Published on 10/19/2026 at 00:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 555.00 million, and net income was USD 33.50 million. November 6 results will test Borusan Birlesik stock.

Guidance and reporting timetable

Borusan Birlesik reported USD 555.00 million in second-quarter revenue on October 14, 2026.
The 2026 revenue outlook rose to USD 2.2 billion-2.4 billion, while the EBITDA margin outlook reached 9-11 percent.
Borusan Birlesik is scheduled to publish third-quarter results on November 6, 2026.

Borusan Birlesik, TRABRSAN91G8, Illustration mit AI erstellt.

Borusan Birlesik (TRABRSAN91G8) reported USD 555.00 million in second-quarter revenue and USD 33.50 million in net income for 2026, according to Rota Borsa on October 14, 2026. The report also described a higher full-year revenue and margin outlook, giving the stock a concrete operating catalyst ahead of the next results date.

What does the guidance change mean?

For 2026, revenue guidance increased from USD 2.1 billion-2.3 billion to USD 2.2 billion-2.4 billion. The EBITDA margin range moved from 8-10 percent to 9-11 percent, while the sales-volume target stayed at 1.15 million-1.25 million tons, Rota Borsa reported.

The second-quarter figures explain the change in emphasis. EBITDA reached USD 63.70 million, up 77.80 percent year over year, while revenue increased 21.90 percent on the same basis. The EBITDA margin improved by 3.60 percentage points, although sales volume declined 0.70 percent to 323,200 tons, according to Rota Borsa.

How much cash supports delivery?

Infrastructure and project revenue rose 93.20 percent year over year to USD 520.00 million in the first half of 2026 and represented 53 percent of total revenue. The company also held an infrastructure and project order portfolio valued at USD 2.60 billion and extending to 2028, while operating cash flow reached USD 157.00 million in the first half.

Cash increased from USD 127.00 million at the end of 2025 to USD 202.00 million at the end of the first half of 2026. Net financial debt fell from USD 178.00 million at the end of 2025 to USD 144.00 million in the second quarter, Rota Borsa reported.

When are the next results due?

CNBC-e listed November 6, 2026, as Borusan Birlesik's expected date for third-quarter results in its October 13, 2026, earnings calendar. That report should show whether infrastructure deliveries are translating the larger order portfolio into sustained revenue and margin performance, although the calendar date remains an expected date.

Business lines set the context

Borusan Birlesik operates across energy, industry and construction, automotive and industrial applications, and infrastructure and project activities. Its official website says the company is traded on Borsa Istanbul under BRSAN, while an issuer reference page identifies the company as a Materials business listed in Turkey.Global Banking and Finance Review

Operational delivery is next

The next investor test is operational rather than purely numerical: project deliveries, cash conversion and the margin range will determine whether the revised 2026 outlook remains supported. Borusan Birlesik's four business lines give the company several demand channels, but the reported weakness in European and Turkish operations remains a counterweight to infrastructure growth.