Viking Kagit stock faces pressure after nine-month loss

Viking Kagit ve Seluloz reported continued balance-sheet pressure in the first nine months of 2026, according to a Yat?r?mX report published on October 28. The report, citing the company's filing with Turkey's Public Disclosure Platform, said the paper and cellulose producer posted a net loss of 630.49 million Turkish lira for the January 1 to September 30 period.

Negative equity raises financial pressure

Equity fell into negative territory at 274.50 million Turkish lira at September 30, compared with positive equity of 74.75 million Turkish lira at the end of 2025. The reported loss adds to the company's accumulated financial strain and leaves investors focused on funding needs, liabilities and the path toward restoring capital strength.

Total liabilities reached 5.29 billion Turkish lira, including 4.76 billion Turkish lira in current liabilities. Total assets declined to 5.01 billion Turkish lira from 5.43 billion Turkish lira at the end of 2025, while tangible fixed assets stood at 4.82 billion Turkish lira.

Trading conditions remain a risk factor

A separate The Globe and Mail report said trading in Viking Kagit shares on Borsa Istanbul was temporarily suspended on October 20 under an equity circuit-breaker mechanism. The pause moved the shares into a single-price call auction before trading was scheduled to resume, highlighting the liquidity and volatility risks that can accompany the company's weak financial position.

Key figures for investors