6.7 billion TL loss from Otokar (OTKAR)! Net loss increased 12-fold in one year

Otokar (OTKAR) reported a net loss of 6.696 billion Turkish lira for the first nine months of 2026, roughly 11.8 times the 566 million lira loss recorded in the same period a year earlier. Sales revenue fell 10% year-on-year, while shareholders' equity contracted 39%. The sharp deterioration in profitability and the erosion of the equity base underscore mounting pressure on the Turkish commercial vehicle and defense manufacturer's balance sheet. Investors will watch whether the company can stabilize revenue and rebuild equity in the final quarter, and whether management discloses the drivers behind the loss.