Marshall Boya Ve Vernik Sanayii A.S. (IST:MRSHL)

Turkey · Delayed Price · Currency is TRY

1,656.00

+1.00 (0.06%)

Last updated: Aug 26, 2026, 3:15 PM GMT+3

IST:MRSHL 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	4,159	4,375	5,317	4,496	3,145	751.61
Revenue Growth	-16.06%	-17.72%	18.25%	42.98%	318.37%	48.48%
Gross Profit	1,839	1,849	1,631	1,394	882.65	150.22
Operating Income	480.87	385.4	404.89	370.9	244.37	-19.41
Net Income	-79.64	-291.49	-318.67	-210.25	-35.9	-96.3
Earnings Per Share	-7.24	-26.51	-28.99	-19.28	-3.59	-9.63
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	9,916	11,143	11,270	9,559	5,013	1,400
Foreign	314.81	301.26	272.59	243.76	256.81	53.56
Unallocated	-6,072	-7,070	-6,226	-5,307	-2,125	-702.19
Total	4,159	4,375	5,317	4,496	3,145	751.61

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	363.88	338.74	484.18	888.13	888.27	102.36
Total Debt	559.33	658.73	627.19	530.09	1,248	305.19
Net Cash (Debt)	-195.44	-319.99	-143.01	358.04	-359.58	-202.84
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-17.78	-29.11	-13.01	32.83	-35.96	-20.28

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	702.71	203.72	226.94	752.72	434.31	-114.83
Capital Expenditures	-65.13	-52.93	-201.15	-133.43	-104.38	-55.74
Free Cash Flow	637.59	150.79	25.8	619.28	329.93	-170.57
Free Cash Flow Growth	406.64%	484.55%	-95.84%	87.70%	-	-

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	44.22%	42.28%	30.69%	31.01%	28.07%	19.99%
Operating Margin	11.56%	8.81%	7.61%	8.25%	7.77%	-2.58%
Pretax Margin	-1.95%	-5.16%	-5.49%	-7.22%	-0.89%	-13.49%
Profit Margin	-1.92%	-6.66%	-5.99%	-4.68%	-1.14%	-12.81%
FCF Margin	15.33%	3.45%	0.48%	13.77%	10.49%	-22.69%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 26, 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
P/FCF Ratio	28.54	114.33	662.32	32.72	13.03	-
PS Ratio	4.38	3.94	3.21	4.51	1.37	3.01