Vestel gross profit increased by 52 percent in Q3
Gross profit increased to 5.4 billion TL, EBITDA turned positive
Quick Look
- Vestel Elektronik increased its gross profit by 52.8% compared to the previous quarter, reaching 5.4 billion TL in the third quarter of 2026.
- EBITDA turned positive, increasing to 908 million TL, and gross profit margin was 21.8%.
- Sales revenues reached 24.9 billion TL.
AI-generated summary
Why It Matters
Vestel Elektronik announced its 2026 third quarter financial results according to the KAP statement and company press release dated November 6, 2026. Gross profit increased by 52.8% compared to the previous quarter and reached 5.4 billion TL. EBITDA increased from minus 1.4 billion TL in the second quarter to 908 million TL in the third quarter. Sales revenues amounted to 24.9 billion TL.
A strong recovery was seen on the gross profit side of Vestel. According to the PDP statement and company press release dated November 6, 2026, Vestel Elektronik increased its gross profit to 5.4 billion TL in the third quarter of 2026, increasing by 52.8 percent compared to the previous quarter. In addition, while EBITDA increased to 908 million TL in the same period, the EBITDA margin was 3.6 percent; Sales revenues amounted to 24.9 billion TL.
Gross profit, which was 3.6 billion TL in the second quarter, increased to 5.4 billion TL in the July-September period. Additionally, gross profit margin was announced as 21.8 percent. Therefore, the margin improved by 8 points compared to the previous quarter and by 3.7 points compared to the same quarter last year.
Why did Vestel gross profit increase?
EBITDA increased from minus 1.4 billion TL in the second quarter to 908 million TL in the third quarter. Thus, EBITDA, which was negative in the last three quarters, turned positive again. However, there was a limited decline of 3.3 percent in sales revenues; However, there was a significant recovery in profitability indicators.
Vestel CEO Gökhan Sığın said that the results show the concrete effects of the transformation program that focuses on value and profitability rather than volume. For example, while sales revenues remained close to the previous quarter, the 8-point improvement in gross profit margin and EBITDA turning positive again reveal that cost discipline and efficiency steps are in the right direction.
The company's net loss in the first nine months of the year decreased by 29 percent compared to the same period last year. On the other hand, since the absolute loss amount is not included in the bulletin, it is not quantified here. As a result, the Public Disclosure Platform (KAP) record can also be referenced for official notification.
How is the situation on the Vestel White Goods side?
Group company Vestel Beyaz Eşya also reported in the results announced last week that its third quarter EBITDA turned positive again with 1.6 billion TL. This table indicates that the profitability-oriented transformation in the Vestel group is progressing in parallel in the electronics and white goods lines.
In addition, based on domestic production and the Vestel City base in Manisa, the company is traded on Borsa Istanbul under the code VESTL. For similar balance sheet readings, you can also check out our ASELSAN 9-month balance sheet news. Additionally, our Vestel Mobility file provides a brief background for the company's growth plans on the mobility side.
What are the prominent figures in the third quarter?
What to Watch
AI outlook — possibilities, not facts
Vestel Elektronik's profitability-oriented transformation program will continue
Likely · Within months
Open Questions
- What is the absolute net loss amount?
- What are Vestel White Goods' detailed sales revenues and margins?
- What are the details of Vestel Mobility's growth plans?
