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

IST:MERIT Financials Overview

Financials in millions TRY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	337.45	324.83	197	149.41	112.6	11.37
Revenue Growth	43.64%	64.89%	31.86%	32.68%	890.58%	135.82%
Gross Profit Gross Profit Growth	326.53	312.42	184.46	124.58	74.66	9.94
Operating Income Operating Income Growth	195.63	181.21	97.55	75.61	46.81	5.23
Net Income Net Income Growth	698.25	754.96	467.9	121.66	15.55	3.9
Earnings Per Share EPS Growth	2.07	2.24	1.39	0.36	0.05	0.03
EPS Growth	91.01%	61.15%	284.59%	682.10%	61.50%	-64.11%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash (Debt) Net Cash Growth	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 Net Cash Per Share Growth	0.01	0.02	0.00	0.01	0.01	0.00
Cash & Investments Cash & Investments Growth	4.05	6.5	1.58	2.69	2.27	0.05

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	301.24	238.87	69.8	59.2	10.7	13.03
Capital Expenditures CapEx Growth	-0.3	-0.3	-	-	-	-
Free Cash Flow Free Cash Flow Growth	300.94	238.56	69.8	59.2	10.7	13.03
Free Cash Flow Growth	-	241.80%	17.89%	453.43%	-17.89%	240374.38%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	96.76%	96.18%	93.64%	83.38%	66.31%	87.45%
Operating Margin	57.97%	55.78%	49.52%	50.61%	41.57%	45.98%
Pretax Margin	221.14%	247.48%	60.98%	45.14%	36.37%	45.97%
Profit Margin	206.92%	232.41%	237.51%	81.43%	13.81%	34.29%
FCF Margin	89.18%	73.44%	35.43%	39.63%	9.50%	114.62%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Dividend Per Share Dividend Per Share Growth	1.000	1.000	0.140	0.083	0.083
Dividend Per Share Growth	0%	614.29%	68.07%	0%	-
Dividend Yield	7.36%	5.59%	0.90%	1.52%	2.51%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	6.56	7.98	11.35	15.39	74.91	220.17
P/FCF Ratio	15.19	25.26	76.05	31.63	108.92	65.88
PS Ratio	13.55	18.55	26.95	12.53	10.35	75.51

Data Source: S&P Global Market Intelligence Last updated: Aug 19, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 9, 2026

Data Sources Report a data error