Frequently Asked Questions
On which stock exchange and market are Mega Metal shares traded, and under which ticker symbol?
Mega Metal shares are traded on the Borsa Istanbul Main Market under the ticker symbol “MEGMT.” The Company is included in the BIST 500, BIST ALL SHARES, BIST ALL SHARES-100, BIST INDUSTRIALS, BIST BASIC METAL, BIST KAYSERI, BIST MAIN, BIST PARTICIPATION ALL SHARES, and BIST PARTICIPATION 100 indices.
When did Mega Metal shares begin trading on the stock exchange?
Mega Metal shares began trading on Borsa Istanbul on December 15, 2023.
What is the Company’s paid-in capital?
Up-to-date information regarding the Company’s paid-in capital and share capital structure is available on the Shareholding Structure page.
What is Mega Metal’s core business?
Mega Metal is an industrial company specializing in the production of oxygen-free electrolytic copper wire, with a particular focus on the super-fine copper wire segment. Our products are used across a broad range of industries, including automotive, energy, electronics, communications, renewable energy, home appliances, aerospace, and robotics.
Do increases or decreases in copper prices affect the Company’s profitability?
The Company manages commodity price risk within the framework of an effective risk management policy and controls its exposure to copper price fluctuations through a fully hedged policy. Accordingly, increases or decreases in copper prices do not have a material impact on our financial performance or profitability. The key factors determining the Company’s profitability are operational efficiency, growth in sales volumes, product mix, the share of value-added products in total sales, and margins generated per unit of product sold.
What is the current status of the U.S. investment?
The Company is investing in a production facility in Fairfield County, South Carolina, United States. Trial production is currently ongoing at the facility, and production is planned to be increased gradually. The investment aims to establish Mega Metal as a local producer in the U.S. market, shorten delivery times, achieve logistics cost advantages, and provide uninterrupted supply to customers in the region. Material developments regarding the investment are disclosed to the public through the Public Disclosure Platform (KAP) in accordance with applicable regulations.
Does the Company plan to distribute dividends in the coming years?
Since its initial public offering, the Company has prioritized growth and capacity expansion investments and, therefore, has not distributed dividends. Dividend distribution is evaluated by taking into consideration the relevant year’s financial results, cash flows, and ongoing investment program. The final decision is made by the General Assembly, upon the recommendation of the Board of Directors.