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

Turkey · Delayed Price · Currency is TRY

1,531.00

+11.00 (0.72%)

Last updated: Aug 4, 2026, 4:04 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	Mar '26 Mar 31, 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	3,936	4,375	5,317	4,496	3,145	751.61
Revenue Growth	-27.74%	-17.72%	18.25%	42.98%	318.37%	48.48%
Gross Profit	1,855	1,849	1,631	1,394	882.65	150.22
Operating Income	515.94	385.4	404.89	370.9	244.37	-19.41
Net Income	-215.25	-291.49	-318.67	-210.25	-35.9	-96.3
Earnings Per Share	-19.58	-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	Mar '26 Mar 31, 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	10,694	11,143	11,270	9,559	5,013	1,400
Foreign	284.36	301.26	272.59	243.76	256.81	53.56
Unallocated	-7,043	-7,070	-6,226	-5,307	-2,125	-702.19
Total	3,936	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	Mar '26 Mar 31, 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	327.42	338.74	484.18	888.13	888.27	102.36
Total Debt	662.15	658.73	627.19	530.09	1,248	305.19
Net Cash (Debt)	-334.72	-319.99	-143.01	358.04	-359.58	-202.84
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-30.45	-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	Mar '26 Mar 31, 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	64.42	203.72	226.94	752.72	434.31	-114.83
Capital Expenditures	-64.57	-52.93	-201.15	-133.43	-104.38	-55.74
Free Cash Flow	-0.15	150.79	25.8	619.28	329.93	-170.57
Free Cash Flow Growth	-	484.55%	-95.84%	87.70%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	47.13%	42.28%	30.69%	31.01%	28.07%	19.99%
Operating Margin	13.11%	8.81%	7.61%	8.25%	7.77%	-2.58%
Pretax Margin	-3.94%	-5.16%	-5.49%	-7.22%	-0.89%	-13.49%
Profit Margin	-5.47%	-6.66%	-5.99%	-4.68%	-1.14%	-12.81%
FCF Margin	-0.00%	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 4, 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	-	114.33	662.32	32.72	13.03	-
PS Ratio	4.25	3.94	3.21	4.51	1.37	3.01