)
Visual
earnings real time
Karsan (KARSN) investor relations material
Karsan Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary21 Nov, 2025
Executive summary
Revenue for the nine months ended 30 September 2025 was 8,044,634 TL, up from 7,795,860 TL in the same period last year, but the period ended with a net loss of 676,257 TL compared to a net loss of 1,121,333 TL in 2024.
Gross profit increased to 1,839,151 TL from 1,114,956 TL year-over-year, reflecting improved margins despite higher costs.
Operating profit (EBIT) was 817,752 TL, up from 406,656 TL in the prior year, but high finance costs and net monetary losses led to a pre-tax loss.
Total assets rose to 20,092,830 TL as of 30 September 2025, up from 18,968,351 TL at year-end 2024.
Financial highlights
Net loss for the period was 676,257 TL, a significant improvement from the 1,121,333 TL loss in the prior year.
EBITDA and EBIT improved year-over-year, with EBIT at 817,752 TL versus 406,656 TL.
Gross margin increased to 22.9% from 14.3% year-over-year.
Net cash from operating activities was negative at (596,420) TL, compared to (405,721) TL in the prior year.
Cash and cash equivalents at period end were 352,486 TL, down from 1,477,792 TL at year-end 2024.
Outlook and guidance
Management expects revenue growth and improved operating profitability in 2025, anticipating that scale effects will strengthen working capital and cash flow.
Short-term liabilities exceed current assets by 1,135,154 TL, but management plans to address this through operational cash flows and refinancing.
How will current liabilities deficit be addressed?
What drives the significant R&D expense increase?
Impact of new minimum corporate tax on 2025 profit?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Karsan earnings date
Q4 20259 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Karsan Otomotiv Sanayii ve Ticaret A.S. is a Turkish company that specializes in the manufacturing and sale of commercial vehicles, including minibuses, buses, and light trucks. The company also offers a range of industrial services, such as cataphoresis, painting, and assembly for bus bodies and other vehicle components. Karsan markets its products under various brand names, including Karsan Jest, Karsan Atak, and Karsan Star, and has developed a strong focus on electric and autonomous vehicles, highlighted by models like the e-Jest and e-ATA series. Additionally, Karsan exports its products internationally, serving markets across Europe and other regions. The company is headquartered in Bursa, Turkey, and its shares are listed on the Borsa Istanbul.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage