TürkTraktör Announces First Quarter 2026 Financial Results

TürkTraktör, the longest-established active manufacturer in Türkiye’s automotive sector, announced its financial results for the first quarter of 2026.

Producing 5,035 tractors in the first three months of the year, TürkTraktör maintained its leadership by accounting for 58% of Türkiye’s tractor production and 71% of its exports. Compared to the overall performance of 2025, the company sustained its strong market position while continuing its solid performance in production and exports. According to its Q1 2026 financial data, TürkTraktör generated total revenue of TRY 10.055 billion, maintaining its focus on operational discipline despite challenging market conditions. The company reported a net loss of TRY 1.275 billion, with an EBITDA margin of 0.3%.

Following a 36% contraction in Türkiye’s tractor market in 2025, the first quarter of 2026 saw a further 59% decline compared to the same period of the previous year. Key drivers behind this contraction included weakened demand, rising input costs and financing expenses, as well as sectoral challenges carried over from the previous season.

Evaluating the results, TürkTraktör Company Leader Matthieu Séjourné stated: “The contraction trend in Türkiye’s tractor market continued in the first quarter of this year. Despite this, as TürkTraktör, we maintained our strong market position with a total market share of 44.7% across our two brands as of the end of March. In order to navigate current market conditions effectively, we continue to focus on critical areas such as pricing discipline and cost control. In the first quarter of 2026, we concentrated on improving our operational efficiency and managing our cost structure more effectively.”

Highlighting that they have maintained their industry leadership despite ongoing challenging market conditions, Séjourné added: “With our New Holland and Case IH brands, we account for 58% of tractor production and 71% of exports in Türkiye. While maintaining this strong position, we continue to stand by our farmers and strengthen our presence in the field. Likewise, we are steadily continuing our operations in the construction equipment segment. Rather than focusing on short-term plans, we act with a medium- and long-term perspective and look to the future with confidence. We expect the strategic steps we have taken to deliver even more effective results throughout the rest of the year.”