Turkey’s industrial giant Tüpraş announced its balance sheet for the last quarter of 2024. Despite market expectations of 5.1 billion liras, the company reported a quarterly net profit of 3.98 billion liras. Tüpraş’s net profit for 2024 amounted to 18.31 billion liras, marking a 76% decrease compared to 2023. The company concluded 2023 with a net profit of 53.6 billion liras. Today, TUPRS shares are trading slightly lower at 129.80 liras, showing a 0.23% decrease. Tüpraş announced termination of buying Russian oil due to US sanctions. Levent Bayar, the Director of Investor Relations at Tüpraş, stated, “Due to the new sanctions, we have stopped buying Ural oil. We will receive our last shipments in February.” On January 10th, the US announced new sanctions targeting the Russian energy sector.

Tüpraş was one of the largest buyers of Russian oil. In 2023, the company imported 178 thousand barrels of Russian oil per day and increased this amount to 225 thousand barrels per day in 2024. How much dividend will Tüpraş pay in 2025? In 2025, Tüpraş will pay investors a dividend of 12.92 liras per share. This dividend will be paid in two installments. Investors will receive the first dividend payment of 6.61 liras per share on March 28, 2025. The second installment of 6.30 liras per share will be paid on September 30, 2025.