Karsan Otomotiv stock: H1 revenue rises, loss narrows

Karsan Otomotiv stock is in focus after the company reported higher first-half revenue and a narrower net loss. The figures cover the period ended June 30, 2026, and were summarized by Quartr on October 17, 2026.

Revenue growth meets financial pressure

First-half revenue rose to TRY 10.10 billion from TRY 6.77 billion in the comparable period. Gross profit also increased to TRY 2.48 billion from TRY 1.66 billion, while operating profit was TRY 712.0 million, below the prior-year figure of TRY 938.2 million.

Net loss narrowed to TRY 255.5 million from TRY 396.7 million. The quarterly picture was weaker: second-quarter revenue reached TRY 4.98 billion, but the company recorded a net loss of TRY 325.5 million compared with net income of TRY 6.0 million a year earlier.

Cash flow remains an investor focus

Financial expenses totaled TRY 1.71 billion in the first half and were partly offset by a TRY 1.00 billion net monetary position gain. Operating cash flow improved to TRY 290.4 million from an outflow of TRY 577.6 million, but cash and cash equivalents ended June at TRY 499.1 million, down from TRY 1.80 billion at year-end.

Management expects revenue growth to support core operating profitability and working capital. It also plans to cover near-term liabilities through operating and financing cash flows while refinancing borrowing maturities with partial principal payments. The company cautions that seasonal or periodic operating patterns mean the reported results may not indicate full-year performance.

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