Kardemir repurchases TRY 175,107 of Kardemir stock

Published on 10/14/2026 at 00:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The buyback covered TRY 175,107 in D shares on October 13, 2026. For Kardemir stock this means TRY 6 billion in first-half 2026 profit.

Buyback and earnings calendar

Kardemir repurchased TRY 175,107 of D shares on October 13, 2026.
Kardemir reported TRY 6 billion in net profit for the first six months of 2026.
The next earnings report is scheduled for November 5, 2026.

Kardemir (D), TRAKRDMR91G7, Illustration mit AI erstellt.

Kardemir repurchased TRY 175,107 nominal value of its D group shares on October 13, 2026, according to TipRanks. The transaction was completed at prices between TRY 43.44 and TRY 43.66, with a weighted average of TRY 43.56.

Buyback follows September decision

The repurchase formed part of a four-month program approved by the board on September 25, 2026. The program authorizes purchases of up to TRY 11.4 million nominal value and uses a TRY 750 million fund, according to TipRanks.

The latest transaction is notable because the company bought D group shares rather than the Class A shares referenced in the program announcement. For investors, the disclosed size and execution range provide a concrete reference for management's capital-allocation policy.

First-half profit reshapes the picture

Kardemir reported TRY 37.4 billion in net sales and TRY 6 billion in net profit for the first six months of 2026, according to FVT. The same report lists TRY 4.6 billion of earnings before interest, taxes, depreciation and amortization for that period.

The earnings profile gives the buyback a different context from a purely technical support measure. Kardemir combines steel production with coke and related industrial products, so profitability remains closely tied to sales volumes, steel prices and input costs.

What comes next for reporting?

Makkler lists November 5, 2026, as the next earnings report date. Its earnings table identifies the second quarter of 2026 report on August 14, 2026, with revenue of TRY 20.03 billion and a 10.6 percent price reaction after the announcement.

Borsa Istanbul exposure stays central

InvestPane identifies Kardemir as a Basic Materials company in the Steel industry, traded on Borsa Istanbul under KRDMD and included in the BIST 100. That listing keeps Turkish steel demand, currency conditions and domestic infrastructure activity central to the investment case.