Koç Holding (KCHOL) 1Q26 Financial Results

Koç Holding posted a net profit of TL 522 million in 1Q26. While the figure came in below the market expectation of TL 5.3 billion, it points to a meaningful recovery compared to the TL 1.9 billion net loss recorded in the same period last year. Strengthening operational performance at subsidiaries — particularly Yapı Kredi and Tüpraş — along with easing financial expenses versus the prior year and a narrower monetary loss on a consolidated basis supported net profit, while a contraction in non-operating income and higher tax expense limited the improvement at the bottom line.