Eregli Demir Ve Celik Fabrikalari T.a.s. · BIST:EREGL
Eregli Demir Ve Celik Fabrikalari T.a.s — Q4 2025 Earnings Presentation
16 slides from Eregli Demir Ve Celik Fabrikalari T.a.s's earnings presentation, Feb 18, 2026
Slide 1: 2025 12 Months Investor Presentation
2025Months 12 Investor Presentation 17.02.2026 1
Slide 2: 2025 Market Overview
2025 Market Overview 2
Slide 3: Commodity Prices
3 200 300 400 500 100 200 300 400 USD/TON USD/TON Jan-24 Jan-24 Feb-24 Feb-24 Mar-24 Mar-24 Apr-24 Apr-24 May-24 May-24 Jun-24 Jun-24 Jul-24 Jul-24 Aug-24 Aug-24 Source: Platts / IODEX Sep-24 Sep-24 Oct-24 Oct-24 Nov-24 Nov-24 Dec-24 Dec-24 COMMODITY PRICES Jan-25 Jan-25 Feb-25 Feb-25 Scrap Prices M
Slide 4: Turkish Steel Industry
TURKISH STEEL INDUSTRY PRODUCTION (MN TONS) EXPORTS (MN TONS) 41.9 43.3 16.7 16.5 15.1 13.4 6.5 5.8 25.2 26.8 7.3 8.0 0.3 0.6 12M 2024 12M 2025 12M 2024 12M 2025 CONSUMPTION (MN TONS) IMPORTS (MN TONS) 38.3 39.3 19.0 18.9 19.0 17.4 8.1 9.0 1.4 1.5 19.3 20.3 7.9 8.4 12M 2024 12M 2025 12M 2024 12M 202
Slide 5: 2025 12M Results
GD) 2025 (2M Results
Slide 6: Financial and Operational Results - 12M 2025
FİNANSAL VE OPERASONEL SONUÇLAR - 2022 9A 501 Million USD 13 Million USD EBITDA Net Profit* 7.8 Million Tons 7.8 Million Tons 5,299 Million USD Total Production Total Sales Revenue 6 (*) Net profit of equity holder of the parent
Slide 7: Operational Indicators
OPERATIONAL INDICATORS LIQUID STEEL PRODUCTION (000 TONS) CRUDE STEEL CAPACITY UTILIZATION RATIO 94% 89% 82% 85% 75% 8,743 8,280 2,202 2,325 2,003 Q4 2024 Q3 2025 Q4 2025 12M 2024 12M 2025 2021 2022 2023 2024 2025 PRODUCTION (000 TONS) SALES VOLUME (000 TONS) 8,085 7,783 8,051 7,830 965 928 957 931
Slide 8: Domestic Sales Breakdown and Export
DOMESTIC SALES BREAKDOWN AND EXPORT FLAT STEEL DOMESTIC SALES (000 TONS) LONG STEEL DOMESTIC SALES (000 TONS) 12M 25 12M 25 Automotive Rebar and Profile Producers 13% 37% (703) (333) 12M 24 12M 24 14% (764) 34% 19% 45% Pipe&Profile and Rolling (325) 41% General Manufacturing (1,028) 24% (2,311) (2,3
Slide 9: Financial Indicators
FINANCIAL INDICATORS NET SALES REVENUE (USD MN) EBITDA PER TON (USD/TON) 6,225 418 1,236 5,299 335 329 1,130 1,601 1,458 279 1,304 141 209 124 111 117 124 101 279 4,989 71 64 68 71 4,169 48 39 51 1,322 1,249 8 1,025 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2
Slide 10: EBITDA, Net Profit and Change in Cash
EBITDA NET PROFIT (USD MN) (278) 501 26 29 (206) 252 22 (76) (5) 13 EBITDA (12M 2025) Depreciation Consolidation Operating Inc. /(Exp.) from Finance Monetary Gain/(Loss) Tax Inc./(Exp.) Non-Controlling NET PROFIT Classification Income Investment Inc./(Exp.) Interests (12M 2025) Activities, Equity Sh
Slide 11: Analysis of Financial Position
ANALYSIS OF FINANCIAL POSITION FINANCIAL BORROWINGS* (USD MN) NET WORKING CAPITAL (USD MN) 3,658 3,406 921 1,029 2,285 2,232 2,086 2,401 1,328 1,568 750 641 1,222 2,737 268 203 1,921 2,377 723 1,127 (849) (1,602) 499 441 364 2021 2022 2023 2024 2025 Trade Receivables Inventories Trade Payables Other
Slide 12: Cost of Sales Breakdown (%)
COST OF SALES BREAKDOWN* (%) 2025 RAW MATERIALS BREAKDOWN 11 Other Depreciation and Amortization Exp. 5 Personnel Expenses Iron Ore&Pellet Coal Scrap Other 10 7 Purchased Energy Expenses 39% 33% 9% 19% 67 Raw Materials 2024 9 Other Depreciation and Amortization Exp. Iron Ore&Pellet Coal Scrap Other
Slide 13: Capital Expenditures (USD mn)
CAPITAL EXPENDITURES* (USD MN) 1,070 977 723 775 434 251 306 2019 2020 2021 2022 2023 2024 2025 13 *Advance payments for capital expenditures are not included.
Slide 14: Sustainability
SUSTAINABILITY Our Greenhouse Gas Reduction Target For a world where the global average temperature increase should be limited to 1.5 °C, we aim to reduce our emissions by 25% in 2030 and 40% in 2040 so to achieve the Net Zero emission target by 2050. SPP - EAF Energy Efficiency - Biomass 25% 2022 (
Slide 15: Investor Relations Contact
investorrelations@erdemir.com.tr www.erdemir.com.tr/investor-relations/ +90 216 578 80 61 15
Slide 16: Disclaimer
DISCLAIMER Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. Erdemir has made the necessary arrangements about the amounts and results of such inform
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