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

IST:MRSHL Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	327.42	338.74	484.18	888.13	888.27	102.36
Cash & Short-Term Investments	327.42	338.74	484.18	888.13	888.27	102.36
Cash Growth	-9.63%	-30.04%	-45.48%	-0.02%	767.81%	-27.87%
Accounts Receivable	1,886	648.35	410.32	338.25	442.31	155.78
Other Receivables	146.47	138.3	56.94	59.35	19.03	27.05
Receivables	2,033	786.65	467.26	397.6	461.34	182.82
Inventory	395.5	461.54	522.09	466.73	464.82	268.87
Prepaid Expenses	52.35	12.48	11.15	25.82	19.85	11.61
Other Current Assets	184.78	290.65	373.93	240.23	176.27	83.3
Total Current Assets	2,993	1,890	1,859	2,019	2,011	648.96
Property, Plant & Equipment	1,318	1,244	1,433	1,027	732.71	151.72
Long-Term Investments	1.71	1.7	0.15	0.12	0.08	0.01
Other Intangible Assets	0.31	0.31	0.44	-	-	0.01
Long-Term Deferred Tax Assets	-	-	19.86	41.61	-	14
Other Long-Term Assets	31.04	29.31	33.74	29.17	22.55	1.71
Total Assets	4,344	3,165	3,346	3,116	2,766	816.41

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,705	1,404	1,273	1,321	982.8	461.53
Accrued Expenses	562.04	76.49	100.51	62.89	67.4	16.84
Short-Term Debt	-	-	-	528.63	1,243	302.05
Current Portion of Long-Term Debt	574.07	477.77	528.98	-	-	-
Current Portion of Leases	-	64.49	41.34	1.35	4.04	2.75
Current Income Taxes Payable	-	-	-	-	-	0.7
Current Unearned Revenue	12.06	32.61	126.25	-	8.15	7.4
Other Current Liabilities	130.19	21.12	10.13	23.51	13.16	2.67
Total Current Liabilities	2,983	2,076	2,081	1,937	2,319	793.95
Long-Term Debt	88.07	91.97	-	-	-	-
Long-Term Leases	-	24.5	56.87	0.11	0.69	0.39
Pension & Post-Retirement Benefits	50.17	47.22	39.22	60.75	39.18	14.95
Long-Term Deferred Tax Liabilities	84.1	46.47	-	-	60.93	-
Total Liabilities	3,206	2,286	2,177	1,998	2,419	809.29

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	10.99	10.99	10.99	10.99	10	10
Additional Paid-In Capital	1,245	1,131	1,131	864.05	0.79	0.04
Retained Earnings	-1,584	-1,589	-1,297	-747.54	-372.14	-32.86
Comprehensive Income & Other	1,466	1,326	1,324	990.6	707.76	29.93
Shareholders' Equity	1,138	879.24	1,169	1,118	346.41	7.12
Total Liabilities & Equity	4,344	3,165	3,346	3,116	2,766	816.41

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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
Filing Date Shares Outstanding	10.99	10.99	10.99	10.99	10	10
Total Common Shares Outstanding	10.99	10.99	10.99	10.99	10	10
Working Capital	9.34	-186.03	-222.03	81.27	-308.13	-144.99
Book Value Per Share	103.53	79.97	106.31	101.70	34.64	0.71
Tangible Book Value	1,138	878.93	1,168	1,118	346.41	7.11
Tangible Book Value Per Share	103.50	79.95	106.27	101.70	34.64	0.71
Land	-	6.16	6.16	4.7	3.26	0.2
Buildings	-	1,002	1,185	896.82	618.41	41.78
Machinery	-	6,059	6,105	4,581	3,084	311.15
Construction In Progress	-	106.49	189.67	86.92	68.31	21.99
Leasehold Improvements	-	102.24	109.71	83.82	58.05	3.63

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Jul 30, 2026

Data Sources Report a data error