According to the 2025 figures of the Central Bank of TR, the total number of businesses in the Turkish farm machinery industry increased by 3.6% to 1,327, and 24,417 people were employed in the sector. While equity decreased by 1.1% to 84.7 billion TL and the equity-to-assets ratio dropped from 47.3% to 41.1%, total assets climbed by 14.1% in TL terms to 206.8 billion TL. Based on the average USD exchange rate, equity decreased by 17.8% and total assets decreased by 5.1%.
Although 88.2% of the companies are micro or small-scale, these enterprises account for only 12.5% of total sales. On the other hand, just 21 large firms—representing 1.6% of the total number of companies—generate 64.1% of sales. The fact that medium-sized firms have reached a 23.4% share of sales is another noteworthy development regarding the sector’s scale structure.
A significant deterioration was observed in terms of profitability. The sector shifted from a net profit of approximately USD 356 million in 2024 to a net loss of approximately USD 16.6 million in 2025. While operating profit declined by 39.8% in USD terms, the operating profit margin fell from 13.5% to 9.2%, and the return on equity dropped from 14.8% to 4.4%.
Regarding financing and liquidity, financing expenses increased by 54.8% in TL terms and 28.7% in USD terms. Total sector exposure rose by 46.2% to reach TL 79.7 billion; even accounting for currency effects, it increased by 21.6% in USD terms. The ratio of total sector exposure to net sales climbed from 33.4% to 48.1%, while liquidity indicators weakened, with the acid-test ratio falling to 94.8%—dropping below the 100% mark.
In conclusion, 2025 was a year in which the sector’s financial outlook deteriorated significantly due to a contraction in the domestic market, rising operating and financing expenses, increased indebtedness, and weakening liquidity, despite the strong performance of overseas sales. When nominal TL-based indicators are evaluated alongside currency effects, it is evident that the sector contracted in USD terms across key metrics such as net sales, asset size, equity, and operating profit.
The outlook for the machinery sector as a whole was more positive in 2025 compared to our specific sector; net sales rose by 6.9% to reach USD 38.5 billion (based on the annual average exchange rate), and a marked recovery in net profitability was observed. However, the fact that the USD-denominated increase in operating profit was limited to 1.5%, the equity-to-assets ratio declined from 53.2% to 49.5%, and total sector risk rose by 22.1% in USD terms to USD 9.75 billion indicates that financial pressures persist. In summary, the machinery sector continued to grow in terms of sales and profitability in 2025, yet this growth was accompanied by rising indebtedness and weakening financial structure indicators.
