Beta
Today
Capital & Financial Markets 9 Nov 2026

Barem Ambalaj nine-month net loss rises to USD 7.31m (TRY 366.6m) on financing costs

Turkish folding-carton maker Barem Ambalaj reported a nine-month 2026 net loss attributable to shareholders of USD 7.31m (TRY 366.6m), against USD 0.66m (TRY 33.0m) a year earlier, on inflation-adjusted figures. Revenue rose 20.7% to USD 74.2m (TRY 3.72bn). Financing expenses rose 179.5% to USD 23.3m (TRY 1.17bn), turning a pre-tax profit into a loss.

Why this mattersFinancing costs nearly tripled while gross margin almost halved; with net debt of USD 132m (TRY 6.61bn) and little cash, the folding-carton maker's balance sheet is under strain.

  • Nine-month net loss attributable to shareholders of USD 7.31m (TRY 366.6m), against USD 0.66m (TRY 33.0m) a year earlier
  • Financing expenses up 179.5% to USD 23.3m (TRY 1.17bn); the pre-tax result swung from a USD 6.62m (TRY 332.0m) profit to a USD 5.67m (TRY 284.4m) loss
  • Revenue up 20.7% to USD 74.2m (TRY 3.72bn); cost of sales up 40.1%, gross margin down to 14.2% from 26.1%
  • Third-quarter net loss of USD 3.81m (TRY 191.0m), against a USD 0.35m (TRY 17.3m) profit a year earlier
  • Net debt of USD 132m (TRY 6.61bn) at 30 September 2026; cash fell to USD 0.60m (TRY 30.2m) from USD 3.38m (TRY 169.6m) at end-2025
  • Figures are adjusted for inflation accounting
Barem Ambalaj
Sources basinca.com TR
Relevant to you?

Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-10 · Edited before publication: Several TRY amounts had no USD conversion; all now converted at USD 1 = TRY 50.14. 'Tenfold' was imprecise: the loss grew 1,009.8%, about 11 times. A small regional converter, so materiality is lowered to 2. Why-it-matters generalised to the whole sector without support.
  • 2026-11-10 · Edited before publication: All TRY conversions are correct. The why-it-matters said the loss came from financing 'not trading', but gross margin fell from 26.1% to 14.2% and operating profit fell 14.8%. Rewritten.