Temsa results 2025: $554 million revenue, up 10% as company targets $1 billion

Turkish manufacturer Temsa stated it closed 2025 with revenue of USD 554 million, marking a 10 percent year-on-year increase in foreign currency terms and the highest figure in the company’s history.

The Temsa results 2025 also show international sales exceeding USD 316 million, up 7 percent compared with the previous year. International sales cover 57% of the company’s revenues.

During 2025, Temsa also entered six additional European countries (Finland, Norway, Poland, Croatia, Malta and Albania). This expansion forms part of Temsa’s stated objective to reach USD 1 billion in annual revenue over the coming years.

It should be noted that Temsa had announced revenue of USD 462.1 million for 2024, marking a 20 percent increase compared with USD 387.5 million in 2023. Based on the nominal USD figures previously disclosed, the increase from 2024 to 2025 appears higher than 10 percent, suggesting that the latest growth rate may reflect foreign exchange-adjusted or accounting-based calculations rather than a direct comparison of reported dollar revenues.

Temsa results 2025: five years of positive cash flow

According to the company, Temsa generated positive free cash flow for the fifth consecutive year, reflecting continued operational discipline and financial management.

Europe remained central to Temsa’s business development in 2025. Temsa recorded its highest-ever annual sales volumes in markets including France, Germany, the United Kingdom, Ireland, Belgium and Greece. Growth was particularly notable in right-hand drive markets, where unit deliveries increased by 60 percent compared with the previous year.

In the United Kingdom and Ireland, Temsa’s vehicle fleet reached 673 units, corresponding to approximately 15 percent market share in the coach segment. The Temsa results 2025 also include the largest single delivery to date of the LD SB E electric intercity coach, with a 10-unit order completed in Portugal. In Lithuania, 15 MD9 Electricity vehicles were dispatched to join the country’s public transport network.

Temsa results 2025 and electrification goals

Electrification remains a strategic pillar for Temsa. The company stresses that it currently offers 11 zero-emission models across city, intercity and coach segments. Temsa also operates an in-house battery pack assembly facility and develops its own battery management systems and electronic control units. This integrated approach supports product development and adaptation to specific market requirements.

Beyond its bus portfolio, Temsa is also working on energy storage and electrification solutions for maritime and other mobility applications.

Temsa CEO Evren Güzel said: “In a year shaped by economic volatility and market pressure, our ability to outperform the market demonstrates the strength of our organization and the clarity of our long-term strategy. We have combined operational excellence with disciplined financial management, generating positive free cash flow for the fifth consecutive year. Our ambition is to become the preferred mobility brand with a strong global footprint and a USD 1 billion revenue target,” Güzel added. “We are building this vision on leadership in focus segments, differentiation in niche markets, ecosystem partnerships in city mobility, and becoming a center of excellence for electrification and future mobility solutions.”