Profit Surges in BIST 100: Shock Gains from ENJSA to KTLEV

The second‑quarter earnings season for BIST 100 has turned into a profit storm, with companies more than doubling their earnings in the first half of 2026.

Breakout Performer: ENJSA’s 860% Surge

■ENJSA led the pack with a 860.66% increase in net profit.

■KTLEV followed with a 743.77% jump.

■DOHOL posted a strong profit rise, ranking third.

From Losses to Gains: Turnaround Stories

■ENJSA, DOHOL, PETKM, and GSRAY moved from last year’s losses to net profit in H1 2026.

■EREGL, TUPRS, BRSAN, TOASO, and KCHOL amplified their existing profitability by substantial margins.

Valuation Shifts: The New PD/DD Landscape

■DOHOL, PETKM, and KCHOL feature PD/DD ratios below 1, indicating attractive valuations.

■KTLEV stands out with a 10.34 PD/DD ratio, the highest among the cohort.

Market Ripple Effects: Earnings Impact on BIST 100

■KTLEV delivered a 743.77% return, while TUPRS and EREGL posted gains of 95.19% and 57.61%, respectively.

■GSRAY was the outlier, slipping 12.07% year‑to‑date.

Aylin Güneş – Expert Insight: The earnings explosions, especially from high‑growth stocks like ENJSA and KTLEV, call for a fresh look at value‑oriented buying strategies. Low PD/DD stocks such as DOHOL, PETKM, and KCHOL merit attention for their sustainable dividend yields and potential buyback programs, making them prime candidates for long‑term portfolios. Conversely, under‑performers like GSRAY require a deeper dive into dividend sustainability and balance‑sheet resilience.