Kalekim disclosed its Q2 2026 financial results to the Public Disclosure Platform (KAP). Overcoming macroeconomic headwinds and regional contractive pressures in export markets, the company maintained cost discipline, posting quarter-on-quarter improvements across gross, EBITDA, and net profit margins supported by seasonal operational volumes and pricing power.
H1 2026 Financial Highlights
Q2 Net Sales: TL 2.97 billion
Q2 Gross Profit Margin: 41% (improving over the same period last year)
H1 Total Net Sales: TL 5.3 billion
H1 Gross Profit Margin: 40%
H1 EBITDA Margin: 18%
Regional Strategy in Iraq and Domestic Ecosystems
Focusing on sustainable market leadership rather than transactional exports, Kalekim reinforced its footprint in core international territories, including Iraq. The company expanded its Usta Kulübü (Master Club)—an ecosystem engaging over 200,000 certified craftspeople in Turkey—into Iraq, creating an integrated digital and physical network for local applicators.
2030 Climate Targets Achieved Five Years Ahead of Schedule
Highlighting continuous operational decarbonization, Kalekim achieved significant environmental milestones:
Reached a 45% reduction in carbon emissions, surpassing its 2030 goal of 35% five years ahead of schedule.
Zeroed Scope 2 emissions following power generation at its Yozgat Yerköy Solar Power Plant.
Ranked 4th globally among 491 chemical companies and 1st in Turkey within the LSEG ESG evaluation.
Statement from Kale Holding CFO Haluk Alperat
The first half of 2026 proved to be a testing period for both our sector and national exports due to regional uncertainties and tightening export markets. However, in the second quarter, we improved our performance over Q1 by leveraging seasonal volume growth, our strong distribution network, and an agile cost structure.
Net sales reached TL 2.97 billion in Q2 2026. Supported by pricing discipline, our gross margin rose to 41%, exceeding the same period last year. We also recorded notable improvements in our EBITDA and net margins compared to Q1. Kalekim firmly maintains its long-term organic and inorganic growth targets despite periodic fluctuations.
Statement from Kalekim General Manager Soner Çetinkaya
Despite periodic contractions across international markets, we manage our presence in strategic geographies from a long-term perspective. In key markets like Iraq, we do not act merely as an exporter or producer; we establish enduring trust with our brand and manufacturing quality. In this context, we extended our Usta Kulübü network—which engages over 200,000 masters in Turkey—into the region, deepening ties with local applicators digitally and on the ground. We remain focused on operational efficiency and our vision of ‘glocalization’.
Sustainability continues to sit at the core of our operations. We reached our 2030 target of a 35% emission reduction five years early by achieving 45%. We zeroed our Scope 2 emissions through our Yozgat Yerköy Solar Power Plant. Consequently, LSEG ESG ratings positioned Kalekim 4th globally among 491 chemical companies and 1st in Turkey.
