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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	363.88	338.74	484.18	888.13	888.27	102.36
Cash & Short-Term Investments	363.88	338.74	484.18	888.13	888.27	102.36
Cash Growth	34.92%	-30.04%	-45.48%	-0.02%	767.81%	-27.87%
Accounts Receivable	2,435	648.35	410.32	338.25	442.31	155.78
Other Receivables	39.08	138.3	56.94	59.35	19.03	27.05
Receivables	2,474	786.65	467.26	397.6	461.34	182.82
Inventory	440.27	461.54	522.09	466.73	464.82	268.87
Prepaid Expenses	18.14	12.48	11.15	25.82	19.85	11.61
Other Current Assets	158.1	290.65	373.93	240.23	176.27	83.3
Total Current Assets	3,455	1,890	1,859	2,019	2,011	648.96
Property, Plant & Equipment	1,354	1,244	1,433	1,027	732.71	151.72
Long-Term Investments	1.72	1.7	0.15	0.12	0.08	0.01
Other Intangible Assets	0.29	0.31	0.44	-	-	0.01
Long-Term Deferred Tax Assets	-	-	19.86	41.61	-	14
Other Long-Term Assets	31.91	29.31	33.74	29.17	22.55	1.71
Total Assets	4,843	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,923	1,404	1,273	1,321	982.8	461.53
Accrued Expenses	838.22	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	472.36	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	63.05	32.61	126.25	-	8.15	7.4
Other Current Liabilities	132.78	21.12	10.13	23.51	13.16	2.67
Total Current Liabilities	3,429	2,076	2,081	1,937	2,319	793.95
Long-Term Debt	86.96	91.97	-	-	-	-
Long-Term Leases	-	24.5	56.87	0.11	0.69	0.39
Pension & Post-Retirement Benefits	45.61	47.22	39.22	60.75	39.18	14.95
Long-Term Deferred Tax Liabilities	43.34	46.47	-	-	60.93	-
Total Liabilities	3,605	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	Jun 30, 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	1,332	1,131	1,131	864.05	0.79	0.04
Retained Earnings	-1,677	-1,589	-1,297	-747.54	-372.14	-32.86
Comprehensive Income & Other	1,572	1,326	1,324	990.6	707.76	29.93
Shareholders' Equity	1,238	879.24	1,169	1,118	346.41	7.12
Total Liabilities & Equity	4,843	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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
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	25.67	-186.03	-222.03	81.27	-308.13	-144.99
Book Value Per Share	112.58	79.97	106.31	101.70	34.64	0.71
Tangible Book Value	1,237	878.93	1,168	1,118	346.41	7.11
Tangible Book Value Per Share	112.55	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: Jun 30, 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:

Aug 23, 2026

Data Sources Report a data error