TürkTraktör Announces Its Third-Quarter 2026 Financial Results
TürkTraktör maintained its focus on operational efficiency, cost management and financial discipline in the first nine months of 2026. While adapting to challenging market conditions, the company retained its leading position in Türkiye’s tractor market with a 43% market share combined for its 2 brands during the same period.
TürkTraktör, the longest-established manufacturer still operating in Türkiye’s automotive industry, announced its financial results for the third quarter of 2026.
TürkTraktör produced a total of 14,913 tractors in the first nine months of the year, accounting for 55% of tractor production and 71% of tractor exports in Türkiye. During the same period, the company sold 6,176 tractors in the domestic market and exported 9,225 tractors. The combined market share of the New Holland and Case IH brands stood at 43% as of the end of September.
In the third quarter of 2026, TürkTraktör recorded total revenue of TRY 11.7 billion, an EBITDA margin of 8% and a net loss for the period of TRY 83 million. Throughout the period, the company continued its efforts in pricing discipline, cost control, inventory management and working capital management.
Türkiye’s tractor market contracted by 44% in the first nine months of the year compared with the same period last year. TürkTraktör closely monitored market developments and the financing conditions affecting farmers’ investment decisions, aligning its production and sales planning with demand.
Commenting on the first nine months of the year, TürkTraktör Company Leader Matthieu Séjourné said: “In the first nine months of 2026, we focused on areas that support our operational and financial resilience while adapting to market conditions. With our New Holland and Case IH brands, we achieved a 43% market share as of the end of September. We continued our efforts in pricing discipline, cost control and working capital management for both our company and our dealers. While managing our production planning and inventory levels in line with demand conditions, we continued to develop products and services that meet farmers’ needs.”
Emphasising their confidence in the long-term potential of Türkiye’s agriculture, Séjourné continued:
“In the first nine months of the year, we maintained our contribution to production and exports, accounting for 55% of tractor domestic production and 71% of tractor exports in Türkiye. While carefully managing current conditions, we are also preparing for the opportunities ahead. Through our new models and specification options, precision farming technologies and digital solutions, we focus on farmers’ productivity needs. We continue to support farmers through our dealer and service network.
“Our priority is to maintain our flexibility in response to market developments while ensuring we are positioned to respond to potential changes in demand. We will continue our work towards our goal of making a long-term contribution to Türkiye’s agriculture, production and technology.”
