Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S. (IST:FORTE)
Turkey flag Turkey · Delayed Price · Currency is TRY
76.75
+0.75 (0.99%)
At close: Oct 28, 2026

IST:FORTE Financials Overview

Millions TRY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,8352,4382,332959.88685.13215.35
Revenue Growth
73.54%4.54%142.92%40.10%218.15%5.40%
Gross Profit
1,3351,004429.23325.93179.0638.73
Operating Income
877.42591.36147.77236.58171.8732.93
Net Income
2,6162,329-107.3512.1955.2823.46
Earnings Per Share
39.0434.76-1.600.231.231.70
EPS Growth
----81.30%-27.53%-87.00%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commercial Activities
3,1591,9022,064856.59592.57202.44
Software Activities
1,246449.18117.51103.3792.5712.91
Crowdfunding Activities
4.723.291.46---
Agricultural Activities
120.2292.53205.06---
Eliminations
-696.24-9.56-56.81-0.08--
Total
3,8352,4382,332959.88685.13215.35

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
507.06507.28138.81399.3190.8627.56
Total Debt
2,4861,834153.01107.11162.871.11
Net Cash (Debt)
-1,979-1,327-14.21292.2-72.0126.45
Net Cash Growth
------51.23%
Net Cash Per Share
-29.53-19.80-0.215.51-1.601.91

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,5052,874124.59295.19-21.56-9.16
Capital Expenditures
-62.82-45.06-89.06-44.73-3.39-0.43
Free Cash Flow
3,4432,82935.53250.46-24.95-9.58
Free Cash Flow Growth
-7861.96%-85.81%---

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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
CurrentFY 2025FY 2024FY 2023
Period EndingOct '26 Dec '25 Dec '24 Dec '23
Dividend Per Share
0.113--0.113
Dividend Per Share Growth
----
Dividend Yield
0.15%--0.17%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
1.972.32-362.95--
P/FCF Ratio
1.491.9198.6217.67--
PS Ratio
1.342.221.504.61--