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Capital & Financial Markets 9 Nov 2026

Kaplamin Ambalaj narrows nine-month net loss by 67.8% as revenue falls 22.1%

Turkish corrugated board and box maker Kaplamin Ambalaj reported a nine-month 2026 net loss of USD 1.72m (TRY 86.0m), 67.8% smaller than the USD 5.32m (TRY 266.8m) loss a year earlier. Revenue fell 22.1% to USD 36.1m (TRY 1.81bn). Gross margin rose to 15.8% from 12.0%, and short-term borrowings fell sharply, leaving net cash of USD 2.52m (TRY 126.4m).

Why this mattersKaplamin's smaller loss comes from wider margins and lower borrowings rather than sales, as revenue fell by more than a fifth.

  • Nine-month net loss of USD 1.72m (TRY 86.0m), down 67.8% from USD 5.32m (TRY 266.8m)
  • Nine-month revenue down 22.1% to USD 36.1m (TRY 1.81bn)
  • Third-quarter revenue down 31.4% to USD 10.51m (TRY 527.1m) from USD 15.32m (TRY 767.9m)
  • Gross profit up 3.0% to USD 5.71m (TRY 286.2m); gross margin 15.8% against 12.0%
  • EBITDA up 134.0% to USD 1.56m (TRY 78.0m), a 4.3% margin
  • Short-term borrowings cut to USD 0.23m (TRY 11.5m) from USD 14.88m (TRY 745.9m); net cash of USD 2.52m (TRY 126.4m)
Kaplamin Ambalaj
Sources basinca.com TR
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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: None of the TRY amounts had a USD conversion; all now converted at USD 1 = TRY 50.14. 'Soft Turkish packaging market' in why-it-matters is not in the source.
  • 2026-11-10 · Edited before publication: Conversions are correct. The source gives no volume figures, so the why-it-matters now refers to sales and revenue instead.