Koza Ltd ruling: what it means for Türk Alt?n ??letmeleri stock

Published on 10/14/2026 at 03:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales reached TRY 14.10 billion and net profit TRY 2.80 billion. For Türk Alt?n ??letmeleri stock, EBITDA was TRY 6.10 billion.

Legal ruling and operating figures

On October 6, 2026, the court accepted Türk Alt?n's petition concerning Koza Ltd.
First-half 2026 sales reached TRY 14.10 billion and net profit TRY 2.80 billion.
First-half 2026 EBITDA stood at TRY 6.10 billion, while market value was TRY 132.40 billion.

Türk Altın İşletmeleri, TREKOAL00014, Illustration mit AI erstellt.

Türk Alt?n ??letmeleri (ISIN TREKOAL00014) secured a favorable court ruling concerning its Koza Ltd subsidiary on October 6, 2026. According to Solicitors Journal on October 6, the High Court granted summary judgment on Türk Alt?n's petition to wind up Koza Ltd on just and equitable grounds.

Three recent company milestones

On October 6, 2026, the court accepted the petition, while final procedural steps and the appointment of a liquidator remained part of the next stage. The decision followed the company's 2026 first-half report, in which sales reached TRY 14.10 billion and net profit stood at TRY 2.80 billion.

According to FVT on October 8, 2026, the 2026 first-half figures also included TRY 6.10 billion of EBITDA, TRY 61.50 billion of total assets and TRY 53.20 billion of equity. The figures provide the operating backdrop for the legal development.

What does the ruling mean?

The ruling changes the legal position around Koza Ltd, which Türk Alt?n owns economically, but it does not by itself complete the liquidation process. The court still had to address consequential matters, including implementation steps and any application for permission to appeal.

CNBC-e reported on October 7, 2026, that the court accepted the liquidation petition while the final decision and official liquidator appointment were expected at a later hearing. That distinction matters for investors because a favorable summary judgment is not the same as a completed liquidation.

Operating scale and valuation

As of October 5, 2026, the company's market value was TRY 132.40 billion and its 52-week range was TRY 23.35 to TRY 63.27. The latest six-month figures therefore combine substantial operating scale with a legal event that may affect the treatment of the Koza Ltd structure.

The company operates gold mines in Turkey, including Ovacik, Cukuralan, Himmetdede, Kaymaz, Mastra and Mollakara. Its investor-relations materials describe gold mining, precious-metal production, exploration and environmental management as core activities.

Legal process remains the key variable

For Türk Alt?n ??letmeleri stock, the court outcome is best read alongside the TRY 14.10 billion first-half sales figure and TRY 6.10 billion EBITDA figure. The next legal steps, rather than the summary judgment alone, will determine how quickly the decision translates into a completed corporate action.

Market context: Market report BIST 100.