Kalekim Posts TRY 500 Million Profit in First Half of 2025

Kalekim, the leading brand in Turkey's construction chemicals sector, reported its second-quarter 2025 financial results to the Public Disclosure Platform (KAP). The company completed the first quarter of the year in line with expectations, and managed to carry this stable performance into the second quarter with the contribution of its investments.

Kalekim completed the second quarter of 2025 in line with expectations thanks to strong investment initiatives. Having begun trial production at its Iraq facility and increased production capacity with investments in Mersin and Diyarbakır, Kalekim closed the first half of the year with net period profit exceeding TRY 500 million. The company's total net sales revenue for the first six months of the year reached TRY 4.3 billion, with domestic sales of TRY 2.92 billion and foreign sales of TRY 1.34 billion during the same period.

"Net sales revenue in the first half of the year reached TRY 4.3 billion"
Haluk Alperat, CFO of Kale Holding, stated that Kalekim completed the first half of 2025 in line with expectations, saying:

"As Turkey's foundational brand in construction chemicals, we continue our path with a strong financial structure. Particularly with the contribution of our domestic and international investments, we completed the first half of the year as desired. In line with our expectations, our net period profit for the first half of 2025 amounted to TRY 500 million. During this period, domestic sales reached TRY 2.92 billion and foreign sales TRY 1.34 billion, bringing our total net sales revenue to TRY 4.3 billion. We aim to maintain this stable performance throughout the rest of the year and complete 2025 in line with our expectations."

"We distributed TRY 200 million in dividends to our investors"
"As Kalekim, we continue to convert the financial success we have achieved into value for our investors. In accordance with the Board of Directors' proposal approved by our shareholders at the 2024 Ordinary General Assembly Meeting held in April 2025, we distributed a total of TRY 200 million in profit share from 2024 earnings to our shareholders. In line with the dividend policy we announced at the time of our public offering, our company, which has paid dividends for four consecutive years, is included in the BIST Dividend Index. We view this step as an indicator of our confidence in the company's sustainable profitability. In the coming period, we aim to continue our growth journey with our investors with determination."

"We began trial production at our Iraq investment"
Soner Çetinkaya, General Manager of Kalekim, emphasized that they are viewing the second half of the year with confidence thanks to new investments, saying:

"In the second quarter of 2025, we are proud to bring our Iraq facility, which we have been working on carefully for a long time, to production-ready status. This investment carries strategic significance not only for our company but also for our sector.

Our construction chemicals facility, established in Duhok, Iraq with an investment of approximately USD 10 million, is currently ready for production. We have begun trial production there. Following approvals from local authorities, we will formally commence series production and sales activities. This facility, built on an area of 27,000 square meters, has annual production capacity of 100,000 tonnes of dry mortar and 5,000 tonnes of paints and liquid construction chemicals. With this investment, we aim to further increase our competitive strength in both the Iraq and regional markets.

"We aim to grow in North Africa with our Morocco investment"
In line with our international growth strategy, we have taken an important step towards the North Africa market with an investment in Morocco. Our affiliate Kalekim Lyksor Kimya has launched a new investment process in Casablanca, Morocco, to strengthen its presence in the region. With this investment, which will amount to a total of EUR 1 million, we aim not only to increase our market share but also to open doors to new business partnerships.

"We brought production online in Mersin and Diyarbakır"
On our journey to becoming a global brand, while we increase our global effectiveness through our international investments, we also expand our production capacity through regional investments. In this context, to improve the operational efficiency of Kalekim Lyksor Kimya, we relocated our production activities in Diyarbakır to Mersin. However, as market demand exceeded our forecasts, we brought our Diyarbakır facility back online. While continuing our production activities with the new investment in Mersin on one hand, we increased our production capacity by bringing the Diyarbakır facility back online on the other hand.

As Kalekim, we completed the first half of 2025 with strong operational steps. Thanks to this, we are looking at the second half of the year with confidence. In the coming period, alongside production and investments, we will continue our global brand journey with determination through our work based on digitalization, sustainability and innovative product development."