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

Turkey · Delayed Price · Currency is TRY

3.560

+0.320 (9.88%)

At close: Nov 13, 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	Sep '26 Sep 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	392.61	516.52	475.77	397.6	269.47	96.38
Revenue Growth	-36.60%	8.57%	19.66%	47.55%	179.58%	78.52%
Gross Profit	46.28	165.78	281.19	214.16	107.44	36.46
Operating Income	-252.45	-70.9	103.87	109.34	49.13	20.02
Net Income	-799.14	-410.74	-147.96	56.89	-39.4	4.11
Earnings Per Share	-	-2.48	-1.61	0.71	-0.48	0.05
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	499.74	446.98	397.66	292.41	94.71
Foreign	43.29	39.18	15.53	8.45	4.3
Unallocated	-26.51	-10.39	-15.59	-31.39	-2.63
Total	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	Sep '26 Sep 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	25.92	18.49	6.35	5.86	28.9	5.48
Total Debt	694.22	683.83	624.26	307.2	181.2	17.93
Net Cash (Debt)	-668.3	-665.33	-617.91	-301.34	-152.3	-12.46
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	-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	Sep '26 Sep 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	319.58	294.83	-76.46	-70.77	-42.32	-38.31
Capital Expenditures	0.33	-7.56	-35.85	-13.19	-74.29	-0.94
Free Cash Flow	319.91	287.27	-112.31	-83.96	-116.61	-39.25
Free Cash Flow Growth	22.13%	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	11.79%	32.09%	59.10%	53.86%	39.87%	37.83%
Operating Margin	-64.30%	-13.73%	21.83%	27.50%	18.23%	20.77%
Pretax Margin	-197.34%	-74.87%	-29.56%	4.31%	-7.42%	6.19%
Profit Margin	-203.54%	-79.52%	-31.10%	14.31%	-14.62%	4.26%
FCF Margin	81.48%	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	Nov '26 Nov 14, 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	3.68	9.19	-	-	-	-
PS Ratio	3.00	5.11	1.55	1.48	4.04	3.35