10:11 - 6.11.2026

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November 6, Fineko/abcnews. Turkish automaker Tofaş reported a net profit of 4.3 billion TRY (~$85.7 million) for the third quarter of 2026, significantly beating market expectations of 2.5 billion TRY (~$49.8 million). For the first nine months of the year, the company’s net profit surged 188% year-on-year to 11 billion TRY (~$219.3 million).

Revenue for the third quarter reached 86.4 billion TRY (~$1.72 billion), surpassing consensus estimates. Boosted by the Stellantis merger, retail sales rose 13% to 202,357 units, increasing Tofaş's light vehicle market share to 25%. Looking ahead, Tofaş revised its full-year domestic sales expectations down to 270,000–290,000 units while maintaining its capital expenditure forecast at €250 million (~$270 million).