BAK Ambalaj swings to nine-month net profit in 2026
Turkish flexible packaging manufacturer BAK Ambalaj reported net profit attributable to shareholders of TRY 151.1m (USD 3.0m) for the first nine months of 2026, against a TRY 194.6m (USD 3.9m) loss a year earlier. Inflation-adjusted revenue rose 5.7% to TRY 5.81bn (USD 116m), and EBITDA rose 58.2% to TRY 546.6m (USD 10.9m).
Why this mattersBAK Ambalaj's return to profit, with EBITDA up 58% on 5.7% inflation-adjusted revenue growth, shows margin recovery at a Turkish flexible packaging converter.
- Nine-month net profit of TRY 151.1m (USD 3.0m), versus a TRY 194.6m (USD 3.9m) loss a year earlier.
- Inflation-adjusted revenue rose 5.7% to TRY 5.81bn (USD 116m).
- EBITDA rose 58.2% to TRY 546.6m (USD 10.9m), with EBITDA margin at 9.4%.
- Operating profit rose 425.1% to TRY 249.9m (USD 5.0m).
- Third-quarter net profit was TRY 104.4m (USD 2.1m), against a TRY 31.6m (USD 0.6m) loss a year earlier.
- Net debt stood at TRY 451.4m (USD 9.0m) at period end, with cash of TRY 441.2m (USD 8.8m).