Akfen GYO buys back 3.70 million shares: what it means for Akfen GYO stock

Akfen GYO (ISIN TREAKFG00012) bought back 3.70 million shares on October 16, 2026, lifting the program total to 48.84 million shares. The latest disclosure places the buyback at the center of the stock story, with the program running through December 31, 2026.

According to Borsatek, the company had repurchased 48.84 million shares by October 16, 2026. The purchases covered B-group shares identified by ticker AKFGY and ISIN TREAKFG00012.

What does 48.84 million mean

The latest total represents 81.40 percent of the program ceiling of TRY 60.00 million in nominal shares. The company allocated TRY 200.00 million to the program, while the planned maximum equals 1.54 percent of share capital, according to Borsatek.

Three buyback milestones

On October 2, 2026, Akfen GYO bought back 1.50 million shares, according to Borsatek. On October 13, 2026, the cumulative total reached 35.44 million shares. On October 16, 2026, the company added 3.70 million shares and reached 48.84 million.

What figures shape the company

For the quarter ended June 2026, Investing.com listed revenue of TRY 492.10 million and net income of TRY 38.91 million. Revenue increased 12.74 percent from TRY 436.46 million in the previous quarter, while net income declined 57.88 percent from TRY 92.37 million, according to Investing.com.

Next program date

The next substantiated milestone is December 31, 2026, when the current buyback program is scheduled to end, according to Borsatek.

Buyback progress and valuation

Akfen GYO's latest buyback disclosure gives investors a measurable program marker: 48.84 million shares repurchased against a TRY 60.00 million nominal ceiling as of October 16, 2026. The company had a market capitalization of TRY 9.5 billion on that date and traded on Borsa Istanbul.

Market context: Market report BIST 100.

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