Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S. (IST:FORTE)

Turkey · Delayed Price · Currency is TRY

104.00

-0.20 (-0.19%)

Last updated: Oct 5, 2026, 5:59 PM GMT+3

IST:FORTE 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	3,835	2,438	2,332	959.88	685.13	215.35
Revenue Growth	73.54%	4.54%	142.92%	40.10%	218.15%	5.40%
Gross Profit	1,335	1,004	429.23	325.93	179.06	38.73
Operating Income	877.42	591.36	147.77	236.58	171.87	32.93
Net Income	2,616	2,329	-107.35	12.19	55.28	23.46
Earnings Per Share	39.04	34.76	-1.60	0.23	1.23	1.70
EPS Growth	-	-	-	-81.30%	-27.53%	-87.00%

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	507.06	507.28	138.81	399.31	90.86	27.56
Total Debt	2,486	1,834	153.01	107.11	162.87	1.11
Net Cash (Debt)	-1,979	-1,327	-14.21	292.2	-72.01	26.45
Net Cash Growth	-	-	-	-	-	-51.23%
Net Cash Per Share	-29.53	-19.80	-0.21	5.51	-1.60	1.91

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	3,505	2,874	124.59	295.19	-21.56	-9.16
Capital Expenditures	-62.82	-45.06	-89.06	-44.73	-3.39	-0.43
Free Cash Flow	3,443	2,829	35.53	250.46	-24.95	-9.58
Free Cash Flow Growth	-	7861.96%	-85.81%	-	-	-

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	34.82%	41.20%	18.41%	33.95%	26.14%	17.99%
Operating Margin	22.88%	24.26%	6.34%	24.65%	25.09%	15.29%
Pretax Margin	71.57%	98.47%	-4.11%	8.63%	12.03%	13.24%
Profit Margin	68.21%	95.55%	-4.60%	1.27%	8.07%	10.89%
FCF Margin	89.78%	116.05%	1.52%	26.09%	-3.64%	-4.45%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Oct '26 Oct 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.113	-	-	0.113
Dividend Per Share Growth	-	-	-	-
Dividend Yield	0.11%	-	-	0.17%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 6, 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	2.65	2.32	-	362.95	-	-
P/FCF Ratio	2.02	1.91	98.62	17.67	-	-
PS Ratio	1.81	2.22	1.50	4.61	-	-