TürkTraktör Announces Financial Results for the First Half of 2026
TürkTraktör maintained its leading position in the contracting tractor market while continuing to focus on operational efficiency, cost management and financial discipline during the first half of the year.TürkTraktör, one of the longest-established manufacturers in Türkiye’s automotive industry still in operation, announced its financial results for the first half of 2026.
In the first six months of the year, TürkTraktör produced a total of 10,015 tractors, accounting for 58% of Türkiye’s tractor production and 74% of its exports. During the same period, the company sold 3,797 tractors in the domestic market and exported 6,564 tractors. The combined market share of the New Holland and Case IH brands stood at 41.8% as of the end of June.
In the first half of 2026, TürkTraktör’s total revenue amounted to TRY 23 billion 680 million, while the company’s EBITDA margin was recorded at 2.5% and its net loss at TRY 669 million. During a period in which weak market conditions and cost pressures persisted, the company focused on pricing discipline, cost control and operational efficiency.
Following the 36% contraction recorded in 2025, the Turkish tractor market continued to shrink in the first half of 2026. The market contracted by 55% compared to the same period of the previous year. Weak demand, high financing costs and rising input costs were the key factors shaping the sector’s performance in the first half of the year.
Commenting on the financial results, TürkTraktör Company Leader Matthieu Séjourné said:
“The contraction that has been ongoing in the Turkish tractor market for some time continued to have an impact in the first half of 2026. Weak demand and difficulties in accessing financing continue to put pressure on sales volumes across the sector. As TürkTraktör, we maintained our leading position during this period, reaching a combined market share of 41.8% with our New Holland and Case IH brands. While closely monitoring the current conditions, we continue our efforts in critical areas, particularly pricing discipline, cost control and working capital management both for the company and our dealers.”
Stating that they approach market conditions from a long-term rather than a short-term perspective, Séjourné continued:
“In the first half of the year, we accounted for 58% of Türkiye’s tractor production and 74% of its exports, demonstrating our significant position in production and exports. In response to market conditions, we implemented a disciplined inventory optimization strategy including dealer inventory levels. Despite the challenging conditions, we continue to respond to the needs of our farmers and maintain our presence in the field through our dealer and service network. In 2026, we see that abundant rainfall has contributed to a stronger harvest for our farmers compared to the previous year. We are also carrying out our activities in the construction equipment business in line with our plans. In the second half of the year, we will focus on managing our operational efficiency and cost structure by closely monitoring market dynamics. In line with our medium- and long-term goals, we will continue to contribute to agriculture, production and technology in Türkiye.”
