Dogan Holding stock: mining and finance lift third-quarter profit

Dogan Holding reported a stronger third quarter as mining and financial services offset weaker performance in automotive, electricity and media. An analysis published by Midas on Friday, November 6, said the group generated 1.95 billion Turkish lira in net profit attributable to the parent in the third quarter of 2026, compared with 165 million Turkish lira a year earlier.

Mining and finance lead earnings

Quarterly revenue rose 6.0 percent in real terms to 30.0 billion Turkish lira, while EBITDA increased 63.5 percent to 6.0 billion Turkish lira. The EBITDA margin expanded from 12.9 percent to 20.0 percent.

Midas said the finance and investment segment's pretax profit climbed to 2.83 billion Turkish lira from 815 million Turkish lira. Mining pretax profit rose to 1.45 billion Turkish lira from 131 million Turkish lira. Automotive and electricity were weaker, with the electricity segment's pretax profit falling to 385 million Turkish lira from 698 million Turkish lira.

Nine-month results strengthen

For the first nine months, revenue declined 2.5 percent to 84.8 billion Turkish lira, while EBITDA rose 56.1 percent to 14.4 billion Turkish lira. The EBITDA margin reached 17.0 percent from 10.6 percent, and net profit attributable to the parent turned to 5.8 billion Turkish lira from a loss of 498 million Turkish lira a year earlier.

The group also increased net asset value by 13 percent from the start of the year to 3.194 billion US dollars by September. Strategic areas including renewable energy, mining and financial services accounted for 57 percent of net asset value, according to the Midas analysis.

Portfolio sale remains ahead

Dogan Holding agreed in late October to sell its Romanian media business, including Kanal D Romania, Kanal D2, Radio Impuls and digital operations, for an enterprise value of 109 million euros. Completion remains subject to competition authority approval and other closing conditions.

The transaction is part of the group's portfolio simplification. Dogan Holding is also reorganizing motorcycle operations within Do?an Trend to focus resources on Suzuki, MG and Maxus.