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Capital & Financial Markets 11 Nov 2026

Şişecam posts Q3 net loss as financing costs exceed operating earnings

Turkish glass and chemicals group Şişecam posted a net loss of USD 5.9m (TRY 295m) for the third quarter of 2026, as net financing expense of USD 83.6m (TRY 4.2bn) exceeded operating earnings of under USD 70m (TRY 3.5bn). Revenue fell 5.3% year on year to USD 1.32bn (TRY 66.27bn), EBITDA dropped 61.2% to USD 69.1m (TRY 3.47bn), and net debt stood at USD 2.98bn (TRY 149.7bn).

Why this mattersFinancing costs above operating earnings and a 61% EBITDA fall put pressure on a glass producer carrying USD 2.98bn of net debt.

  • Q3 2026 net loss of USD 5.9m (TRY 295m)
  • Net financing expense of USD 83.6m (TRY 4.2bn) over the quarter
  • EBITDA fell 61.2% year on year to USD 69.1m (TRY 3.47bn)
  • Revenue declined 5.3% year on year to USD 1.32bn (TRY 66.27bn)
  • Net debt reached USD 2.98bn (TRY 149.7bn)
  • Isbank holds a 52.58% controlling stake; 38.04% of shares are free float on Borsa Istanbul
Şişecam
Sources sonmuhur.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

  • 2026-11-12 · Edited before publication: Summary gave operating earnings as 'under USD 69.1m', which is the EBITDA figure; source says operating earnings under TRY 3.5bn (about USD 70m).
  • 2026-11-12 · Edited before publication: 'Swings to' implies a profit in the prior-year quarter, which the source does not state, so the headline is reworded. The TRY conversions at 50.23 are correct.