Kirac Galvaniz stock: Nine-month revenue reaches 75.8% of 2026 target

Kirac Galvaniz reported strong growth for the first nine months of 2026, with revenue rising 184.4 percent year on year to TRY 6.07 billion. SteelOrbis reported the figures on Monday, November 2, citing the company's consolidated results.

Net profit increased 144.4 percent to TRY 1.96 billion, while operating profit rose 535.3 percent to TRY 2.18 billion from TRY 342.5 million a year earlier. EBITDA reached TRY 2.26 billion, lifting the EBITDA margin from about 24 percent to 37 percent.

Revenue Target Comes Into View

Revenue for January through September represented 75.8 percent of Kirac Galvaniz's TRY 8 billion full-year target for 2026. The company generated TRY 2.44 billion from exports during the period, with overseas sales accounting for about 40 percent of total revenue across approximately 30 countries.

The growth profile gives investors a clear focus for the remainder of the year: execution against the revenue target and progress on the company's capacity expansion. The reported figures describe operating performance and do not by themselves establish a future share-price reaction.

Bursa Facility Targets Year-End Completion

Kirac Galvaniz is building a new production facility in the Bas?ko?y neighborhood of Bursa's Nilüfer district. According to SteelOrbis, completion is targeted for the end of 2026, with the project intended to diversify production toward energy and defense applications. The company is expected to provide a separate schedule for machinery installation, permits, testing and commissioning.

Business Model And Competitive Setting

Kirac Galvaniz supplies steel guardrail systems, noise barriers, solar energy structures, motorcyclist protection systems and hot-dip galvanizing services in Turkey. Its portfolio also includes traffic signs, crash cushions, pedestrian barriers and overpass systems, and the company is based in Bursa.

In the broader Turkish steel market, Kirac Galvaniz is a specialized national processor rather than an integrated global steelmaker. IndexBox lists Borçelik and Tatmetal as larger global-scale producers of galvanized and coated flat steel, while Yücel Boru focuses on steel pipes and hollow profiles. Kirac Galvaniz therefore competes from a narrower infrastructure and galvanizing position.