Pegasus stock beats earnings forecasts with TRY 11.27 billion profit

Pegasus reported a third-quarter net profit of 11.27 billion TRY on November 9, 2026, beating the average forecast from 15 brokerage firms. Yat?r?m Masas? said the result exceeded the 8.90 billion TRY average estimate and the 8.83 billion TRY median forecast.

Nine-month performance stays mixed

The quarterly profit did not prevent a net loss of 1.28 billion TRY for the January 1 to September 30 period. Pegasus had reported net income of 13.33 billion TRY in the comparable period of 2025.

Revenue for the first nine months increased 32 percent to 150.63 billion TRY from 114.41 billion TRY a year earlier. Operating profit, however, declined to 9.36 billion TRY from 10.87 billion TRY, while EBITDA fell to 26.52 billion TRY from 30.25 billion TRY.

Balance sheet expands

Total assets reached 492.10 billion TRY at the end of September, compared with 410.17 billion TRY at the end of 2025. Total liabilities rose to 360.37 billion TRY from 293.31 billion TRY, while equity increased to 131.74 billion TRY from 116.85 billion TRY.

The figures present a mixed operating picture for investors: stronger quarterly profitability and revenue growth were accompanied by weaker nine-month earnings and a shift from profit to loss. The next results will show whether the third-quarter performance marks a durable improvement or a seasonal rebound.

The broader BIST 100 also gained on the last trading day covered by the report.