KOCMT FINANCIAL STATEMENTS

Koç Metalurji — balance sheet, income statement and cash flow trends

KOCMTKoç Metalurji

🇹🇷 Turkey · IS · Basic Materials · Steel

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue17.7 B ₺-8.8%

Gross Profit139.3 M ₺-68.5%

Operating Income-27.3 M ₺—

EBITDA327.4 M ₺+260.4%

Net Income-857.5 M ₺—

Peer Comparison· Steel

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
KOCMT	-8.8%	0.8%	1.8%	-4.8%
ASTL	-20.9%	-36.6%	-43.9%	-60.0%
MTUS	13.7%	8.3%	5.5%	0.2%
LIF	-11.4%	96.4%	75.8%	55.7%
NWPX	10.6%	20.2%	13.9%	7.7%
CIA	10.9%	23.1%	29.1%	9.5%
Industry median	1.6%	13.1%	8.7%	0.2%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
KOCMT	-8.8%	0.8%	1.8%	-4.8%
KRDMA	-5.2%	8.6%	8.7%	-0.3%
IZMDC	4.0%	0.9%	3.0%	-2.8%
DOKTA	-4.7%	15.1%	9.2%	-6.1%
KRDMB	-5.2%	8.6%	8.7%	-0.3%
BMSTL	3.7%	19.2%	8.7%	-1.9%
Industry median	1.6%	13.1%	8.7%	0.2%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity12.8 B ₺65%
Current Liabilities6 B ₺31%
Long-term Liabilities763 M ₺4%

Key Figures

YoY change

Total Assets19.5 B ₺+40.8%

Total Liabilities6.8 B ₺+97.3%

Total Equity12.8 B ₺+22.2%

Cash & ST Investments2.4 B ₺+3.9%

Total Debt2.1 B ₺+222.9%

Net Debt1.3 B ₺—

Peer Comparison· Steel

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
KOCMT	1.30	16.5%	-0.88	65.4%
ASTL	2.45	—	—	17.3%
MTUS	1.73	1.9%	-1.38	60.0%
LIF	2.01	—	—	80.2%
NWPX	2.68	25.4%	1.16	63.7%
CIA	2.60	70.4%	1.51	43.9%
Industry median	1.49	35.8%	1.19	56.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
KOCMT	1.30	16.5%	-0.88	65.4%
KRDMA	1.45	8.8%	0.62	66.2%
IZMDC	0.65	104.7%	12.12	43.3%
DOKTA	0.47	111.8%	5.54	33.7%
KRDMB	1.45	8.8%	0.62	66.2%
BMSTL	1.18	48.3%	2.36	56.7%
Industry median	1.49	35.8%	1.19	56.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-278.4 M ₺—

Capital Expenditures-1 B ₺—

Free Cash Flow-1.3 B ₺—

Dividends Paid0 ₺—

Peer Comparison· Steel

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
KOCMT	-1.6%	-7.5%	5.9%	32.5%
ASTL	-10.4%	-22.5%	12.1%	17.3%
MTUS	2.4%	-6.6%	9.0%	965.5%
LIF	57.6%	57.6%	0.0%	103.4%
NWPX	16.7%	13.1%	3.6%	218.4%
CIA	24.6%	1.7%	22.9%	260.0%
Industry median	7.9%	3.5%	4.2%	69.6%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
KOCMT	-1.6%	-7.5%	5.9%	32.5%
KRDMA	13.3%	5.6%	7.5%	-5,196.7%
IZMDC	4.7%	-0.0%	3.3%	-167.7%
DOKTA	14.2%	9.1%	5.1%	-231.8%
KRDMB	13.3%	5.6%	7.5%	-5,196.7%
BMSTL	8.1%	7.3%	0.8%	-430.5%
Industry median	7.9%	3.5%	4.2%	69.6%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.