Formül Plastik ranks second in Turkey in plastic pipe exports; nine-month net profit 255.6 million lira
Runner-up in the plastic pipe and fittings category at İSİB's "Export Leaders of 2025" ceremony, Formül Plastik reported 2.89 billion lira revenue and 255.6 million lira net profit for the first nine months of 2026.
Borsa Istanbul-listed Formül Plastik ve Metal Sanayi (FRMPL) came second in Turkey in the "Largest Exporter of Plastic Pipes and Fittings" category at the "Export Leaders of 2025" award ceremony organized by the Climate Control Industry Exporters' Association (İSİB). The report does not state the company's export value.
Highlights from the company's non-consolidated financial statements for 1 January - 30 September 2026:
- Revenue: 2.89 billion TL
- Gross profit: 807.5 million TL
- Operating profit: 461.0 million TL
- Net profit for the period: 255.6 million TL
- Total assets: 6.37 billion TL; equity: 4.28 billion TL
- Paid-in capital: rose from 130 million TL to 160 million TL.
Note: in the source table the 2025 column covers the full year and the 2026 column the first nine months, so the two columns are not directly comparable.
What does this mean for a molder?
Pipe fittings (elbows, tees, couplings) are high-volume injection-molded parts; the growth of a strong domestic exporter suggests tooling and machine investment is continuing in this segment. See also our report on the company's Tekirdağ pipe plant.
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