Interim / Quarterly Report • Aug 6, 2025
Interim / Quarterly Report
Open in ViewerOpens in native device viewer
| Reviewed | Audited | |
|---|---|---|
| ASSETS | 30 June 2025 | 31 December 2024 |
| CURRENT ASSETS | 3.707.022.157 | 4.157.882.635 |
| Cash and cash equivalents | 1.673.230.729 | 1.638.081.804 |
| Trade receivables | ||
| - Trade receivables from third parties | 141.055.267 | 236.591.005 |
| Other receivables | ||
| - Other receivables from third parties | 16.498.869 | 3.968.245 |
| Inventories | 1.670.159.780 | 1.985.700.859 |
| Prepaid expenses | 20.262.616 | 9.078.267 |
| Current income tax assets | -- | 33.226.138 |
| Other current assets | 185.814.896 | 251.236.317 |
| NON-CURRENT ASSETS | 22.207.657.764 | 21.613.575.314 |
| Trade receivables | ||
| - Trade receivables from third parties | 35.434.209 | 27.460.512 |
| Other receivables | ||
| - Other receivables from third parties | 3.796.465 | 6.184.529 |
| Inventories | 2.995.103.889 | 2.576.207.518 |
| Investment properties | 18.754.245.000 | 18.548.842.465 |
| Tangible assets | 15.191.243 | 16.511.853 |
| Intangible assets | ||
| - Other intangible assets | 972.226 | 1.180.863 |
| Prepaid expenses | 395.232.181 | 428.254.147 |
| Other non-current assets | 7.682.551 | 8.933.427 |
| TOTAL ASSETS | 25.914.679.921 | 25.771.457.949 |
| Reviewed | Audited | |
|---|---|---|
| LIABILITIES | 30 June 2025 | 31 December 2024 |
| CURRENT LIABILITIES | 379.861.698 | 1.086.834.405 |
| Short-term portion of long-term borrowings | ||
| - Short-term portion of long-term borrowings from related parties |
-- | 13.185.410 |
| Trade payables | ||
| - Trade payables to related parties | 1.181.508 | 1.126.735 |
| - Trade payables to third parties | 118.864.718 | 197.913.281 |
| Payables for employee benefits | 2.945.324 | 1.965.419 |
| Other payables | ||
| - Other payables to third parties | 623.243 | 2.764.625 |
| Deferred revenue (Other than contract liabilities) | ||
| - Deferred revenue to related parties | 61.587.828 | 431.114.793 |
| - Deferred revenue to third parties | 38.040.281 | 405.601.883 |
| Current income tax liability | 141.372.626 | -- |
| Short term provisions | ||
| - Short-term provisions for employee benefits | 8.106.382 | 7.917.074 |
| Other current liabilities | 7.139.788 | 25.245.185 |
| NON-CURRENT LIABILITIES | 3.767.939.872 | 3.490.914.912 |
| Other Payables | ||
| - Other payables to third parties | 52.754.530 | 49.611.473 |
| Deferred revenue (Other than contract liabilities) | ||
| - Deferred revenue from third parties | 524.622.360 | 277.839.679 |
| Long term provisions | ||
| - Long-term provisions for employee benefits | 4.761.399 | 4.301.593 |
| - Other long-term provisions | 20.466.836 | 23.879.462 |
| Deferred tax liability | 3.165.334.747 | 3.135.282.705 |
| TOTAL LIABILITIES | 4.147.801.570 | 4.577.749.317 |
| EQUITY | 21.766.878.351 | 21.193.708.632 |
| Paid-in capital | 3.450.000.000 | 3.450.000.000 |
| Adjustment to share capital | 13.262.714.951 | 13.262.714.951 |
| Share premiums | 38.790.127 | 38.790.127 |
| Other comprehensive income not to be reclassified | ||
| to profit or loss | ||
| - Revaluation and measurement of gains/(losses) | (3.214.839) | (3.169.178) |
| Restricted reserves appropriated from profit | 279.217.917 | 279.217.917 |
| Retained earnings/(losses) | 4.166.154.815 | 622.532.164 |
| Net profit for the year | 573.215.380 | 3.543.622.651 |
| TOTAL LIABILITIES AND EQUITY | 25.914.679.921 | 25.771.457.949 |
| Reviewed | Not Reviewed | Reviewed | Not Reviewed | |
|---|---|---|---|---|
| PROFIT / LOSS | 1 January - 30 June 2025 |
1 April - 30 June 2025 |
1 January - 30 June 2024 |
1 April - 30 June 2024 |
| Revenue | 1.121.297.676 | 401.171.781 | 5.565.234.367 | 3.347.731.637 |
| Cost of sales (-) | (243.794.853) | (82.561.545) | (5.082.227.131) | (2.512.103.201) |
| Gross Profit | 877.502.823 | 318.610.236 | 483.007.236 | 835.628.436 |
| General administrative expenses (-) | (114.714.557) | (60.415.316) | (127.055.555) | (62.625.241) |
| Marketing expenses (-) | (20.133.028) | (9.628.062) | (33.051.468) | (13.529.832) |
| Other operating income | 377.043.990 | 362.660.291 | 3.886.835.562 | 3.176.314.042 |
| Other operating expense (-) | (116.394.971) | (33.938.184) | (710.538.907) | (533.648.281) |
| Operating Income/(Expenses) | 1.003.304.257 | 577.288.965 | 3.499.196.868 | 3.402.139.124 |
| Operating Profit Before Financial Income / (Expenses) |
1.003.304.257 | 577.288.965 | 3.499.196.868 | 3.402.139.124 |
| Financial expenses (-) | (2.263.767) | (914.559) | (14.751.343) | (5.940.641) |
| Monetary Gain / (Loss) | (206.239.322) | (367.257.230) | (618.884.646) | 71.787.450 |
| Profit From Continuing Operations Before Tax | 794.801.168 | 209.117.176 | 2.865.560.879 | 3.467.985.933 |
| Tax Income / (Expense) | (221.585.788) | 207.076.703 | -- | -- |
| - Period Tax Expense | (191.514.177) | (112.141.063) | -- | -- |
| - Deferred Tax Income / (Expense) | (30.071.611) | 319.217.766 | -- | -- |
| Net Profit for the Year | 573.215.380 | 416.193.879 | 2.865.560.879 | 3.467.985.933 |
| OTHER COMPREHENSIVE (LOSS)/INCOME Other comprehensive income not to be |
||||
| reclassified to profit or loss | ||||
| - Revaluation and measurement of gains/(losses) | (65.230) | (210.319) | (313.259) | (319.306) |
| - Deferred Tax Income / (Expense) | 19.569 | 63.095 | -- | |
| Total Other Comprehensive (Loss)/Income | (45.661) | (147.224) | (313.259) | (319.306) |
| Total Comprehensive Income | 573.169.719 | 416.046.655 | 2.865.247.620 | 3.467.666.627 |
| Earnings per share (in full TRY) | 0,166 | 0,121 | 0,971 | 1,176 |
| Other comprehensive income |
Retained Earnings | |||||||
|---|---|---|---|---|---|---|---|---|
| Paid in Capital |
Adjustment to share capital |
Share premium | Remeasurement of employee benefits |
Restricted Reserves |
Retained Earnings |
Net Profit for the year |
Total Equity | |
| Balances as of 1 January 2024 | 2.950.000.000 | 13.142.768.075 | 38.790.127 | (2.793.114) | 245.348.299 | (423.343.832) | 2.249.801.465 | 18.200.571.020 |
| Transfers Total comprehensive income |
-- -- |
-- -- |
-- -- |
-- (313.258) |
-- -- |
2.249.801.465 -- |
(2.249.801.465) 2.865.560.878 |
-- 2.865.247.620 |
| Balances as of 30 June 2024 |
2.950.000.000 | 13.142.768.075 | 38.790.127 | (3.106.372) | 245.348.299 | 1.826.457.633 | 2.865.560.878 | 21.065.818.640 |
| Balances as of 1 January 2025 | 3.450.000.000 | 13.262.714.951 | 38.790.127 | (3.169.178) | 279.217.917 | 622.532.164 | 3.543.622.651 | 21.193.708.632 |
| Transfers Total comprehensive income |
-- -- |
-- -- |
-- -- |
-- (45.661) |
-- -- |
3.543.622.651 -- |
(3.543.622.651) 573.215.380 |
-- 573.169.719 |
| Balances as of 30 June 2025 |
3.450.000.000 | 13.262.714.951 | 38.790.127 | (3.214.839) | 279.217.917 | 4.166.154.815 | 573.215.380 | 21.766.878.351 |
| Reviewed | Reviewed | |
|---|---|---|
| 1 January – | 1 January – | |
| 30 June 2025 | 30 June 2024 | |
| A. Cash flows from operating activities: | (18.035.336) | (751.817.612) |
| Profit for the year | 573.215.380 | 2.865.560.878 |
| Adjustments to reconcile net profit | (215.545.646) | (3.182.651.791) |
| Depreciation and amortization expenses | 2.215.790 | 3.269.649 |
| Adjustments related to provisions for employee benefits | 2.576.777 | 3.416.569 |
| Adjustments related to impairment on Loss (Reversal of Impairment | (204.336.335) | 38.447.938 |
| Loss) of Inventories | ||
| Adjustments to provision for expected credit loss | 1.313.696 | 2.916.208 |
| Adjustment related to interest income and expenses | (360.095.779) | (191.663.630) |
| Adjustment related to the fair value gain | ||
| Adjustments related to fair value gain on investment properties | (47.194.979) | (3.210.176.913) |
| Adjustments Related to Tax (Income) Expense | 221.585.788 | -- |
| Monetary Gain/Loss | 168.389.396 | 171.138.388 |
| Changes in net working capital | (375.467.040) | (434.338.519) |
| Adjustments related to increase/(decrease) in receivables | 86.248.345 | (1.407.832.410) |
| Adjustments related to (increase)/ decrease in inventories | (7.264.247) | 4.341.067.323 |
| Adjustments related to increase in prepaid expenses | 21.837.617 | 118.081.267 |
| Adjustments related to increase/decrease in trade payables | (78.993.790) | (734.113.695) |
| Adjustments related to increase in other payables from operating | 1.001.675 | 280.766 |
| activities | ||
| Adjustments related to deferred income | (490.305.886) | (3.164.601.560) |
| Adjustments related to increase/(decrease) in other working capital | 92.009.246 | 412.779.790 |
| Cash (used in)/provided from operations | (17.797.306) | (751.429.432) |
| Employment termination benefits paid | (238.030) | (388.180) |
| B. Cash Flows from Investing Activities | (50.648.809) | (37.846.229) |
| Cash inflows from sales of tangible and intangible assets | -- | 1.846 |
| Cash outflow from acquisition of property, plant and equipment's | ||
| and intangible assets | ||
| Cash outflow from acquisition of property, plant and equipment's | (414.416) | (214.658) |
| Cash outflow from acquisition of intangible assets | (272.127) | (258.979) |
| Cash inflow arising from sales of investment property | (49.962.266) | (37.374.438) |
| C. Cash flows from financing activities | 371.518.552 | 125.901.635 |
| Cash outflow from borrowings | (11.248.232) | (67.134.235) |
| Interest received | 383.452.079 | 206.112.785 |
| Interest paid | (685.295) | (13.076.915) |
| Change in cash and cash equivalents (A+B+C) | 302.834.407 | (663.762.206) |
| Inflation effect on cash and cash equivalents | (245.067.321) | (244.786.495) |
| Cash and cash equivalents at the beginning of the period | 1.577.835.539 | 1.494.768.579 |
| Cash and cash equivalents at the end of the period (A+B+C+D) | 1.635.602.625 | 586.219.878 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.