Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret A.S. (IST:BRSAN)

Turkey · Delayed Price · Currency is TRY

646.00

+28.00 (4.53%)

Oct 28, 2026, 12:39 PM GMT+3

IST:BRSAN Financials Overview

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	85,872	71,454	55,066	42,175	22,205	7,330
Revenue Growth	57.29%	29.76%	30.56%	89.94%	202.93%	96.57%
Gross Profit	8,138	5,977	3,583	7,066	3,128	590.39
Operating Income	4,762	3,312	1,735	5,663	2,346	289.87
Net Income	2,471	1,272	-226.61	4,103	1,350	94.32
Earnings Per Share	17.43	8.97	-1.60	28.94	9.52	0.67
EPS Growth	-	-	-	203.96%	1330.99%	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Turkey	10,387	10,698	10,692	9,500	5,392	2,917
Outside of Turkey	75,485	60,756	44,374	32,675	16,813	4,413
Total	85,872	71,454	55,066	42,175	22,205	7,330

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	9,393	5,460	2,356	3,809	1,548	2,257
Total Debt	16,781	13,253	12,258	10,267	9,354	5,090
Net Cash (Debt)	-7,388	-7,793	-9,902	-6,458	-7,806	-2,833
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-52.11	-54.97	-69.85	-45.56	-55.07	-19.99

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	12,606	9,448	1,259	8,814	-1,565	1,893
Capital Expenditures	-4,743	-2,480	-2,255	-1,882	-693.42	-204.99
Free Cash Flow	7,863	6,968	-995.31	6,932	-2,258	1,688
Free Cash Flow Growth	18.50%	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	9.48%	8.37%	6.51%	16.75%	14.09%	8.05%
Operating Margin	5.55%	4.63%	3.15%	13.43%	10.56%	3.96%
Pretax Margin	4.51%	2.82%	-0.12%	11.77%	7.92%	1.16%
Profit Margin	2.88%	1.78%	-0.41%	9.73%	6.08%	1.29%
FCF Margin	9.16%	9.75%	-1.81%	16.43%	-10.17%	23.03%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	37.07	61.87	-	20.42	8.83	40.58
P/FCF Ratio	11.65	11.29	-	12.09	-	2.27
PS Ratio	1.07	1.10	1.11	1.99	0.54	0.52