Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (IST:MANAS)

Turkey · Delayed Price · Currency is TRY

24.40

-2.70 (-9.96%)

At close: Sep 18, 2026

IST:MANAS 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	442.23	516.52	475.77	397.6	269.47	96.38
Revenue Growth	-20.64%	8.57%	19.66%	47.55%	179.58%	78.52%
Gross Profit	55.82	165.78	281.19	214.16	107.44	36.46
Operating Income	-208.88	-70.9	103.87	109.34	49.13	20.02
Net Income	-611.72	-410.74	-147.96	56.89	-39.4	4.11
Earnings Per Share	-2.62	-2.48	-1.61	0.71	-0.48	0.05
EPS Growth	-	-	-	-	-	-

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	411.71	499.74	446.98	397.66	292.41	94.71
Foreign	29.45	43.29	39.18	15.53	8.45	4.3
Unallocated	1.07	-26.51	-10.39	-15.59	-31.39	-2.63
Total	442.23	516.52	475.77	397.6	269.47	96.38

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	24.89	18.49	6.35	5.86	28.9	5.48
Total Debt	805.18	683.83	624.26	307.2	181.2	17.93
Net Cash (Debt)	-780.29	-665.33	-617.91	-301.34	-152.3	-12.46
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.34	-4.02	-6.73	-3.77	-1.84	-0.15

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	155.6	294.83	-76.46	-70.77	-42.32	-38.31
Capital Expenditures	-6.01	-7.56	-35.85	-13.19	-74.29	-0.94
Free Cash Flow	149.58	287.27	-112.31	-83.96	-116.61	-39.25
Free Cash Flow Growth	1.75%	-	-	-	-	-

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	12.62%	32.09%	59.10%	53.86%	39.87%	37.83%
Operating Margin	-47.23%	-13.73%	21.83%	27.50%	18.23%	20.77%
Pretax Margin	-124.97%	-74.87%	-29.56%	4.31%	-7.42%	6.19%
Profit Margin	-138.33%	-79.52%	-31.10%	14.31%	-14.62%	4.26%
FCF Margin	33.82%	55.62%	-23.61%	-21.12%	-43.27%	-40.72%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 20, 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	-	-	-	10.36	-	78.66
P/FCF Ratio	54.00	9.19	-	-	-	-
PS Ratio	18.27	5.11	1.55	1.48	4.04	3.35