Turkish pipe producer Borusan Pipe reported higher earnings in 2025, supported by stronger volumes and improved operational efficiency, according to its full-year financial results.
Net profit reached USD 31.7 mln in 2025, compared with a net loss of USD 5.1 mln in 2024. Revenue increased 6.3pct YoY to USD 1.8 bln, while sales volumes rose 12.1pct to 1.31 mln tons. Export markets accounted for 85pct of total revenue, with the U.S. remaining the largest market at 73pct.
Operational profitability improved significantly, with EBITDA rising 30.5pct YoY to USD 133 mln and EBITDA margin expanding to 7.4pct from 6.0pct in 2024.
The company said 2025 was marked by trade policy shifts, regional demand divergence and cost pressures, particularly in Turkey and Europe. It cited U.S. tariff developments, softer European demand and rising production costs as key challenges, requiring a disciplined and agile operating approach. Borusan also highlighted USD 1.8 bln worth of contracts signed in the U.S. during the year, with deliveries extending into 2027.
For 2026, Borusan expects sales volumes of 1.15-1.25 mln tons and revenue of USD 2.1-2.3 bln. The company projects EBITDA margin to improve to 8-10pct, supported by a higher share of value-added products and continued operational efficiency initiatives.
Founded in 1958, Borusan Pipe is one of Turkey’s leading steel pipe producers. Its domestic operations have a combined capacity of 750,000 tons per year for longitudinal welded pipes and 300,000 tons per year for spiral welded pipes, while its Vobarno plant in Italy produces 29,000 tons per year of cold-drawn special pipes. In the U.S., Borusan Berg Pipe operates a 330,000 tons per year longitudinal welded pipe mill in Panama City, Florida, and a 220,000 tons per year spiral welded pipe facility in Mobile, Alabama.
