Karsu Tekstil stock reports TRY 1.80 billion nine-month sales

Published on 11/09/2026 at 01:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Karsu Tekstil stock saw stronger gross profit but a deeper bottom-line setback in the first nine months. Debt and capital structure improved.

Neunmonatszahlen unter Druck

Revenue remained broadly stable, while Karsu Tekstil swung to a net loss in the first nine months of 2026.
Gross profit improved and financial debt declined by the end of September.
The completed capital increase lifted paid-in capital substantially.

Karsu Tekstil, TRAKRTEK91B6, Illustration mit AI erstellt.

Karsu Tekstil reported revenue of TRY 1.80 billion for the first nine months of 2026, while net income turned into a loss of TRY 157.46 million. Kayseri Olay reported the figures on November 3, citing inflation-adjusted financial statements.

Sales hold while losses widen

Revenue was down from TRY 1.83 billion in the same period of the previous year. Gross profit nevertheless rose from TRY 133.59 million to TRY 166.57 million as the company controlled costs.

Higher financing expenses and operating costs more than offset that gross-profit improvement. Karsu Tekstil had posted net income of TRY 88.20 million in the first nine months of the previous year before moving into a net loss in 2026.

Debt burden moves lower

Total financial debt fell from TRY 1.04 billion at the end of the previous year to TRY 833.66 million on September 30, 2026. Total liabilities also declined from TRY 1.67 billion to TRY 1.32 billion.

Equity stood at TRY 2.06 billion, while the net debt-to-equity ratio improved from 43.1 percent to 37.8 percent. The figures point to a stronger balance-sheet position despite the pressure on earnings.

Capital base expands

The completed rights issue increased paid-in capital from TRY 35.10 million to TRY 137.98 million. Investors will focus next on whether lower debt and higher gross profit can translate into improved net results as financing and operating costs remain central factors.

Textile producer in Kayseri

Karsu Tekstil is a Turkish textile producer headquartered in Kayseri. The company processes fibers and makes yarn, including products using Viloft fiber, for textile applications. Founded in 1973, it also highlights renewable-energy use in its operations.