Kalekim, a leading brand in the construction chemicals sector, completed the second quarter of 2025 in line with expectations, supported by strong investment initiatives. The company has initiated trial production at its facility in Iraq and increased production capacity through investments in Mersin and Diyarbakır. Kalekim closed the first half of the year with a net profit exceeding 500 million TL. During the first six months, total net sales reached 4.3 billion TL, with domestic sales of 2.92 billion TL and international sales of 1.34 billion TL.
As Türkiye’s leading brand in construction chemicals, Kalekim reported its financial results for the second quarter of 2025 to the Public Disclosure Platform (KAP). The company completed the first quarter in line with expectations and successfully carried this steady performance into the second quarter, supported by its ongoing investments.
Net Sales Reached 4.3 Billion TL in the First Half of the Year
Haluk Alperat, CFO of Kale Holding, stated that Kalekim completed the first half of 2025 in line with expectations:
“As a well-established brand in Türkiye’s construction chemicals sector, we continue on our path with a strong financial structure. Thanks to our domestic and international investments, we successfully closed the first half of the year as planned. Our net profit for the first half of 2025 reached 500 million TL. During this period, domestic sales amounted to 2.92 billion TL and international sales to 1.34 billion TL, bringing our total net sales to 4.3 billion TL. We aim to maintain this steady performance throughout the rest of the year and complete 2025 in line with our expectations.”
Distributed 200 Million TL in Dividends to Our Investors
“At Kalekim, we continue to translate our financial success into value for our investors. In April 2025, during the Ordinary General Assembly for 2024, and in line with the Board of Directors’ recommendation approved by our shareholders, we distributed a total of 200 million TL from 2024 profits as dividends. In accordance with the dividend policy announced during our IPO, the company has paid dividends for four consecutive years and is included in the BIST Dividend Index. We consider this step as a demonstration of confidence in our sustainable profitability. Moving forward, we aim to continue our growth journey alongside our investors with determination.”
Trial Production Started at Our Iraq Investment
Soner Çetinkaya, CEO of Kalekim, emphasized confidence in the second half of the year thanks to new investments:
“In the second quarter of 2025, we are proud to have made our Iraq facility, which we have been meticulously developing for a long time, ready for production. This investment is not only strategic for our company but also for the sector.
With an investment of approximately 10 million USD, our construction chemicals facility in Duhok, Iraq is now ready for production, and trial production has begun. After receiving approvals from local authorities, we will officially commence serial production and sales. Situated on a 27,000-square-meter site, the facility has an annual production capacity of 100,000 tons of dry mortar and 5,000 tons of paints/liquid construction chemicals. Through this investment, we aim to strengthen our competitive position in both Iraq and regional markets.”
Targeting Growth in North Africa with Our Morocco Investment
As part of our international growth strategy, we have also taken a significant step in the North African market. Our subsidiary, Kalekim Lyksor Kimya, has initiated a new investment process in Casablanca, Morocco, to strengthen its presence in the region. With a total investment of up to 1 million EUR, this initiative aims not only to increase our market share but also to open new partnership opportunities.
Production Commissioned in Mersin and Diyarbakır
On our journey to becoming a global brand, we are expanding production capacity through regional investments while enhancing our international presence. Accordingly, Kalekim Lyksor Kimya relocated production activities from Diyarbakır to Mersin to increase operational efficiency. However, due to market demand exceeding our forecasts, the Diyarbakır facility has been recommissioned. By continuing production in Mersin and simultaneously reactivating the Diyarbakır facility, we have increased our overall production capacity.
Kalekim concluded the first half of 2025 with strong operational steps and looks to the second half of the year with confidence. Moving forward, we will continue our global brand journey through investments in production, digitalization, sustainability, and innovative product development.”
