Kordsa Announces Historic Capital Move: 1800% Free Increase

Kordsa Teknik Tekstil A.Ş., a pivotal subsidiary within the Sabancı Holding ecosystem, has surged to the forefront of the financial agenda with a move set to fundamentally reshape its capital structure. The company announced to the Public Disclosure Platform (KAP) that it is initiating a free capital increase process, a rarity on the Borsa Istanbul, effectively multiplying its current capital nearly nineteenfold.

A 1800-Degree Shift in Capital Strategy

The decision made by the board of directors on July 24, 2026, stands as a clear reflection of the company's strategy to convert its balance sheet strength into equity. The capital increase has been structured within the framework of a 10 billion TL authorized capital ceiling and will be financed entirely through internal resources.

■The current issued capital of 194 million 529 thousand 76 TL will be increased by 3 billion 501 million 331 thousand 195.57 TL.

■Following this increase, the company's total issued capital will rise to 3 billion 695 million 860 thousand 271.57 TL.

■The rate of increase in capital is set at 1,799.90 percent (approximately 1800%).

Engineering Shareholder Value

While the company management utilizes this massive increase to bolster the capital structure, it also safeguards the rights of existing shareholders. All newly issued shares are designed to be registered and non-privileged.

■New shares will be distributed free of charge to existing shareholders in proportion to their current shareholding ratios.

■Transactions will be carried out electronically, eliminating the need for physical delivery processes.

■Necessary legal applications and permit processes have been immediately initiated.

High-ratio free capital increases of this magnitude are a classic financial engineering tool used by companies operating in the industrial and technology sectors to align their balance sheet size with market realities numerically. Kordsa’s decision to add such substantial internal resources to its capital confirms the profitability performance and stability of cash flows from past periods. While a theoretical adjustment is expected on the stock price for investors, this move carries a positive signal in terms of the company's future borrowing costs and operational flexibility given the increased capital depth.