OYAK Cement has announced its financial results for the first quarter of 2025. According to the statement submitted to the Public Disclosure Platform (KAP), the company achieved TRY 10.355 billion in net sales and recorded an EBITDA of TRY 2.752 billion during this period.
Eralp Tunçsoy, CIMPOR Global CFO and Vice Chairman of the Board of Directors at OYAK Cement, commented on the first quarter of 2025 results as follows:
“As CIMPOR, despite tightening financial markets and increasingly challenging economic conditions, we have once again experienced the positive impact of being a ‘Global Local Player’—just as we did last year. The partnership we established with TCC Group Holdings has further strengthened OYAK Cement’s global standing. Thanks to our solid financial and operational performance in the Turkish market—an essential pillar of our growth strategy—we achieved sustainable growth and high profitability once again this quarter. In our high-level gathering with TCC Group Holdings held in Istanbul in April, we reaffirmed both our strong partnership and our confidence in the country. In addition to the robust trend in our domestic cement and concrete sales volume, our ongoing investments, solid cash flow, and efficient working capital management set us apart from other players in the sector, especially in terms of profitability. Our continued focus on flexibility, efficiency, and sustainability at the global level, alongside our strategic investments and initiatives in Türkiye, have been the key factors driving our financial and operational results this quarter. Looking ahead, although we foresee short-term challenges, we remain optimistic about the future and are committed to executing our strategies.”
OYAK Cement CEO Murat Sela also shared his insights on the first quarter results, stating:
“We are proud to be among the leading global players in the cement industry, which significantly contributes to the global economy through its vast commercial scale and employment impact. We are very pleased with our financial performance in the first quarter of 2025. These results reflect our confidence in the Turkish economy, our responsible operations, sustainability-driven investments, and successful digital transformation efforts.
With a strong focus on Occupational Health & Safety and Sustainability, we believe our agile management approach and innovative mindset will continue to create high value for our stakeholders in the upcoming periods. As OYAK Cement and CIMPOR, we are committed to achieving success not only in financial performance but also in our social responsibility initiatives. I sincerely thank all our employees and business partners for their contributions to this achievement.”
