Merit Turizm Yatirim ve Isletme Anonim Sirketi (IST:MERIT)

Turkey · Delayed Price · Currency is TRY

15.63

+0.04 (0.26%)

Last updated: Sep 7, 2026, 2:02 PM GMT+3

IST:MERIT 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	348.87	324.83	197	149.41	112.6	11.37
Revenue Growth	56.08%	64.89%	31.86%	32.68%	890.58%	135.82%
Gross Profit	337.31	312.42	184.46	124.58	74.66	9.94
Operating Income	211.79	181.21	97.55	75.61	46.81	5.23
Net Income	721.63	754.96	467.9	121.66	15.55	3.9
Earnings Per Share	-	2.24	1.39	0.36	0.05	0.03
EPS Growth	-	61.15%	284.59%	682.10%	61.50%	-64.11%

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
Net Cash (Debt)	4.05	6.5	1.58	2.69	2.27	0.05
Net Cash Growth	-97.60%	312.46%	-41.34%	18.20%	4872.62%	14.81%
Net Cash Per Share	-	0.02	0.00	0.01	0.01	0.00
Cash & Investments	4.05	6.5	1.58	2.69	2.27	0.05

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	244.76	238.87	69.8	59.2	10.7	13.03
Capital Expenditures	-0.3	-0.3	-	-	-	-
Free Cash Flow	244.46	238.56	69.8	59.2	10.7	13.03
Free Cash Flow Growth	660.91%	241.80%	17.89%	453.43%	-17.89%	240374.38%

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	96.69%	96.18%	93.64%	83.38%	66.31%	87.45%
Operating Margin	60.71%	55.78%	49.52%	50.61%	41.57%	45.98%
Pretax Margin	221.02%	247.48%	60.98%	45.14%	36.37%	45.97%
Profit Margin	206.85%	232.41%	237.51%	81.43%	13.81%	34.29%
FCF Margin	70.07%	73.44%	35.43%	39.63%	9.50%	114.62%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	1.000	-	0.140	0.083	0.083
Dividend Per Share Growth	0%	-	68.07%	0%	-
Dividend Yield	6.41%	-	0.90%	1.52%	2.51%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 7, 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	7.53	7.98	11.35	15.39	74.91	220.17
P/FCF Ratio	17.44	25.26	76.05	31.63	108.92	65.88
PS Ratio	15.55	18.55	26.95	12.53	10.35	75.51