Turkiye Petrol Rafinerileri AS
IST:TUPRS.E

Watchlist Manager
Turkiye Petrol Rafinerileri AS Logo
Turkiye Petrol Rafinerileri AS
IST:TUPRS.E
Watchlist
Price: 188.7 TRY -0.32% Market Closed
Market Cap: 363.6B TRY

Turkiye Petrol Rafinerileri AS
Investor Relations

Turkey's industrial landscape is dominated by key players, and among them stands Turkiye Petrol Rafinerileri AS, commonly known as Tupras. This powerhouse refines crude oil into a range of petroleum products, providing essential resources that fuel Turkey's transportation, industry, and daily life. With its operations finely tuned to optimize efficiency, Tupras harnesses advanced refining processes across its network, turning raw crude imported from global suppliers into refined products like gasoline, diesel, and jet fuel. Its sophisticated refinery units strategically positioned across the country not only bolster Turkey's energy independence but also serve as vital links in the broader logistical chain of the region's energy market.

Financially, Tupras thrives on the intricate balance of supply and demand dynamics in the commodity markets. By operating in a capital-intensive industry, the company strategically invests in technology to trim operational costs and enhance product yield. Revenue generation hinges on its ability to swiftly adjust to market fluctuations, manage its supply chain adeptly, and maintain robust relationships with oil producers and distributors. By exporting surplus products, Tupras extends its influence beyond Turkey's borders, tapping into lucrative international markets. This blend of technological acumen and strategic foresight enables the company to navigate the volatile terrains of the oil industry, solidifying its role as a pivotal driver of Turkey's economy.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Jul 29, 2025
AI Summary
Q2 2025

Revenue: Tüpraş reported Q2 revenue of TRY 183 billion (about USD 4.6 billion).

Profitability: Net income for Q2 was TRY 8.9 billion, with gross profit at TRY 18 billion and EBITDA at TRY 15 billion.

Cash Position: The company maintained a strong cash position of USD 2.3 billion at quarter-end, aided by operational performance and a USD 500 million sustainability-linked loan.

Operational Strength: Q2 production reached 7 million tons, with capacity utilization at 98% and over 100% so far in Q3.

Guidance Unchanged: Management kept 2025 guidance unchanged for net refining margin ($5–6 per barrel), production (~26 million tons), sales (~30 million tons), capacity utilization (90–95%), and CapEx ($600 million).

Diesel Sales: Domestic diesel sales were down 9% YoY due to weaker demand from key export-linked industries and regional differences within Turkey.

Geopolitical Impact: The quarter was shaped by sanctions, Red Sea disruptions, and tensions in the Middle East, affecting margins and operations.

Moody's Upgrade: Moody's upgraded Tüpraş's rating following Turkey's sovereign upgrade.

Key Financials
Revenue
TRY 183 billion
Gross Profit
TRY 18 billion
Net Income
TRY 8.9 billion
EBITDA
TRY 15 billion
Cash Position
$2.3 billion
Production Volume (Q2)
7 million tons
Total Product Sales (Q2)
7.6 million tons
Domestic Gasoline Sales
1.4 million tons
Net Refining Margin
$5.3 per barrel
Capacity Utilization Rate (Q2)
98%
Capacity Utilization Rate (First Half)
90%
Production Volume (First Half)
12.9 million tons
Sales Volume (First Half)
14 million tons
CapEx (First Half)
$232 million
Net Debt to EBITDA
-0.9x
Net Cash
TRY 49 billion
Working Capital Requirement
TRY 1.1 billion
Other Earnings Calls

Management

Mr. Ibrahim Yelmenoglu
General Manager
No Bio Available
Mr. Dogan Korkmaz
CFO, Secretary & Assistant GM of Financial
No Bio Available
Mr. Levent Zagra
Assistant General Manager of Investment & Planning
No Bio Available
Mr. Ihsan Serdar Kemaloglu
Assistant General Manager of Technical
No Bio Available
Mr. Can Akcaoglu
Chief Legal & Compliance Counsel
No Bio Available
Ms. Ciler Teber
Corporate Communications Manager
No Bio Available
Erol Tolga Turksal
Sales & Marketing Director
No Bio Available
Mr. Onder Korkmaz
Assistant General Manager of Human resources
No Bio Available
R. Cagatay Olken
Strategy & Sustainability Director
No Bio Available

Contacts

Address
Istanbul
Gulbahar Mah. Buyukdere Cad. No: 101/A
Contacts
+902128789000
www.tupras.com.tr