Tekfen Holding stock reports Q2 profit after prior-year loss

Published on 10/08/2026 at 05:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tekfen Holding stock reported TRY 376.9 million in first-half profit for 2026 after a TRY 3.17 billion loss. TKFEN was last at TRY 268 on October 7.

Tekfen Holding, TRETKHO00012, Illustration mit AI erstellt.

Tekfen Holding (ISIN TRETKHO00012) was last at TRY 268 on Borsa Istanbul on October 7, 2026, up 3.08 percent from TRY 260. The company’s first-half 2026 results showed attributable net profit of TRY 376.9 million after a TRY 3.17 billion loss in the prior-year period, according to Quartr.

Profit returns in the first half

The earnings period covered the six months ended June 30, 2026. Revenue declined to TRY 28.34 billion from TRY 34.36 billion a year earlier, while gross profit increased to TRY 3.18 billion from TRY 542 million, the Quartr summary reported on October 1, 2026.

Operating profit also turned positive at TRY 170.3 million, compared with an operating loss of TRY 2.83 billion in the prior-year period. Quartr attributed the improvement to better project margins and cost controls, while noting that Tekfen applied inflation accounting because of hyperinflation in Turkey.

Revenue falls as margins recover

The figures present a mixed operating picture for investors. The 17.5 percent revenue decline shows weaker top-line activity, but the move from a TRY 3.17 billion net loss to positive earnings and the gross-profit increase point to a sharp improvement in project economics.

Cash and cash equivalents stood at TRY 6.50 billion at June 30, 2026, compared with TRY 9.72 billion at year-end 2025. Total assets were TRY 77.65 billion, down from TRY 85.02 billion at the end of 2025, according to Quartr.

Consensus remains Neutral

The 12-month consensus published by Investing.com is Neutral, based on two analysts. The average price target is TRY 130.70, with targets ranging from TRY 101.40 to TRY 160, placing the forecast well below the October 7 market price.

Tekfen’s next reported event is listed for December 11, 2026, when the company is scheduled to publish its third-quarter 2026 results, according to Quartr.

TKFEN stays near its yearly high

At TRY 268 on October 7, 2026, TKFEN stood below its 52-week high of TRY 282 and above its 52-week low of TRY 67. The market capitalization was TRY 95.6 billion and trading volume reached 2,874,995 shares on the same session.