Kardemir's Stellar Q1 Earnings Propel Analyst Targets Skyward

Kardemir Karabük Demir Çelik Sanayi ve Ticaret (KRDMD) announced its consolidated net profit for the first half of 2026 at 5,975,638,665 TRY, a %1,679.28 increase compared to 335,843,150 TRY in the same period last year.

Kardemir's Q1 Bombshell: Balance Sheet and Profit Momentum

■Net profit surged 1,679.28% to 5,975,638,665 TRY in six months.

■The profit jump outpaces the industry average, supported by efficiency gains in production costs.

■Cash flow and debt structure provide a solid foundation for the coming periods.

Stock Value Surge: Brokers Revise Targets

■Lowest target price 47.20 TRY, highest 60 TRY.

■Average target 55.25 TRY, implying +9.6% upside over the current market price.

■İş Yatırım raised its target from 48 TRY to 60 TRY, a 25% increase.

■Halk Yatırım lifted its target from 48.04 TRY to 58.08 TRY, a 10.58% increase.

Investor Takeaway: Yield Outlook

■Garanti BBVA Yatırım kept its target at 47.20 TRY while projecting a +11.43% return.

■PhillipCapital set a target of 56.80 TRY with an Above Index Return recommendation.

■Alnus Yatırım raised its target from 48.43 TRY to 51.97 TRY and shifted its recommendation from TUT to AL.

Sectoral Impact: A New Era in the Steel Market

■Kardemir's robust balance sheet strengthens its competitive edge.

■Rising profit margins reduce supply‑chain costs, boosting sector efficiency.

■Market expectations send positive signals to other steel producers.

Kardemir's outstanding performance in the first half of 2026 not only boosts investor confidence but also sets a milestone for the sector's future. Analysts predict that the company will sustain this momentum and continue to lift target prices.