Borsan Kablo Shifts Gear, Targets $272 Million in Revenue

Borsan Kablo closed 2025 with revenue of USD 185 million and is shifting into higher gear for 2026. The company, which is preparing to increase capacity with a USD 180 million megafactory investment in Samsun, is targeting 50% growth in dollar terms by year-end.

Borsan Kablo, which ranks among Turkey's top 500 industrial enterprises with over 40 years of established history and is one of the brands accepted under the TURQUALITY® Program, exports high-value products to nearly 100 countries worldwide and entered 2026 with ambitious targets.
Borsan Kablo increased total revenue by 12% year-on-year in 2025, reaching USD 185 million, and is targeting revenue of USD 270–272 million in 2026 with 50% growth in dollar terms.

"We Exceeded Targets in 2025; Our 2026 Goal is Aggressive Growth"
In remarks on the company's 2025 financial results and 2026 strategic roadmap, Borsan Kablo CEO Arbek Akay emphasized that the company completed the year with performance exceeding targets despite challenging conditions.

Arbek Akay stated: "2025 was marked by challenging conditions including global uncertainty, currency pressure, high inflation and rising costs. We experienced a period when companies in all industries faced tests of resilience. As Borsan Kablo, we delivered strong performance thanks to our high-value-added products, robust corporate governance structure and focus on digital transformation that increases our competitive strength. We achieved significant success in exports, where we direct over 70% of our production. We completed the year with approximately USD 185 million in revenue, exceeding our targets. Particularly, the record sales performance of USD 19.6 million that we achieved in December further strengthened our aggressive targets for 2026."

"We Deepened in Strategic Markets"
Borsan Kablo CEO Arbek Akay noted that 2025 was particularly a year of deepening in strategic export markets and shared the following information: "In the regional distribution of our sales, we demonstrated the strongest performance in the European market, where competition is most intense. In the European market, which accounts for 54% of our total sales, we achieved 42% growth compared to the previous year. Growth in Asia and Middle East markets materialized at 29%. In African markets, where our brand has reached significant recognition and maturity, we maintained stability with 13% growth. Our export revenues showed an increase of over USD 30 million, reaching approximately USD 117 million."

2026 Target: 50% Growth in Dollar Terms and USD 272 Million Revenue
CEO Arbek Akay, noting that the 2026 revenue target is projected in the USD 270–272 million band, spoke as follows: "We are targeting aggressive growth at 50% level in dollar terms. The most important driving force supporting this growth will be the commissioning of the first phase of our new factory investment, which continues with a USD 180 million investment in Samsun OIZ. When the third phase is completed, we will consolidate our existing production facilities on a single campus to maximize efficiency. Digital transformation and sustainability efforts supporting our customer-focused corporate culture will continue to be an integral part of our business operations."

Akay noted that more than 70% of production was directed to exports in 2025 and stated that this ratio will continue in the 70–80% band in 2026.

Akay noted that the first phase of the new facility completed 20,000 square meters of enclosed space, and stated that in the second phase the target is to reach 50,000 square meters and increase production capacity 2.5 times. Production at the new facility will commence in the first quarter of 2026.

In the initial phase, 2026 production volume increases are projected as follows: 37% in copper cable, 49% in aluminum cable and 34% in low-current cables. Copper cable production volume is targeted to exceed 12,000 tons, while aluminum cable production volume is expected to approach 16,000 tons.
Additionally, with the addition of copper busbar production and new generation plastic product manufacturing, increases in product diversity and profitability are expected. Rising global demand for copper metal and favorable price trends are also among the supporting factors for revenue targets.

USD 180 Million Investment to be Completed by 2028
Akay noted that the new production facility will be completed in three phases and stated that upon completion of the investment in 2028, approximately 120,000 square meters of enclosed production area will be reached and 150% capacity increase will be achieved. In this context, revenue of approximately USD 450 million is projected for the same period.

"Goal of Market Leadership in Electric Vehicle Charging Cable Kits"
Akay, noting that in addition to capacity increases in both export and domestic markets, they are also focusing on high-value-added new business areas, shared plans for the electric vehicle ecosystem:
"Competition is no longer shaped by cheap labor and energy costs; it is now shaped by efficiency and technology-focused, high-value-added products. In 2026, we expect the number of individual electric vehicle users in Turkey to reach 175,000. In this direction, we will launch 'Type 2' charging cable kits for personal use to the market. We are targeting 30% market share in the approximately USD 13 million domestic market. Positioning Turkey as a pilot region, we will focus on the European market, which is 20–30 times larger."

512 Employees in 2026
Akay noted that growth targets will be supported by qualified human resources and stated that they are targeting increasing the number of employees to 512 in 2026.
"While prioritizing individual development and corporate culture in our Human Resources policies, we focus on equal opportunity. We apply completely egalitarian and merit-based employment policies without gender discrimination."