Simkat Valued Ahead of Farabourse IPO, With Nine-Month Net Profit of 490 Billion Tomans

Tabriz Wire and Cable Manufacturing Company, symbol Simkat, has been valued ahead of its initial public offering on Iran's Farabourse. According to figures presented at the offering press conference and reported by Mehr on Saturday, 17 October 2026 (25 Mehr 1405), operating revenue for the nine months to the end of Shahrivar 1405 was about 5 trillion tomans, 90 percent higher than a year earlier. Net profit rose from 172 billion tomans to 490 billion tomans, and pre-tax profit reached 640 billion tomans.

The chief executive forecast net profit of 536 billion tomans for fiscal 1405. Kardan Capital Services said its valuation report, prepared on 31 Ordibehesht 1405 (21 May 2026), puts the company's total value at 2.4 trillion tomans. The number of shares offered, the price range and the offering date have not been announced. These figures come from the company and its offering adviser and have not been independently verified.