Mazhar Zorlu Holding A.S. (IST:MZHLD)

Turkey · Delayed Price · Currency is TRY

4.170

-0.130 (-3.02%)

Last updated: Oct 2, 2026, 5:59 PM GMT+3

Mazhar Zorlu Holding A.S. 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	2,354	2,246	2,032	2,156	1,483	431.02
Revenue Growth	11.58%	10.53%	-5.75%	45.34%	244.17%	60.62%
Gross Profit	460.9	342.44	99.22	400.91	200.87	97.99
Operating Income	-56.17	-126.4	-297.35	54.14	0.15	27.94
Net Income	-28.3	-46.12	-312.66	-7.49	-12.54	-27.25
Earnings Per Share	-0.26	-0.42	-2.88	-0.07	-0.12	-0.25
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	1,891	2,059	2,239	2,343	1,508	427.16
Foreign	472.1	410.59	369.58	468.24	234.04	47.06
Unallocated	-9.58	-223.19	-576.53	-655.62	-258.24	-43.19
Total	2,354	2,246	2,032	2,156	1,483	431.02

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	11.15	17.87	17.32	15.77	169.72	28.63
Total Debt	221.53	193.63	106.01	52.77	30.67	26.3
Net Cash (Debt)	-210.39	-175.75	-88.7	-37.01	139.04	2.33
Net Cash Growth	-	-	-	-	5873.10%	-96.79%
Net Cash Per Share	-1.94	-1.62	-0.82	-0.34	1.28	0.02

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	-165.84	-135.4	76.61	-152.46	-19.93	-33.72
Capital Expenditures	-93.86	-79.94	-55.89	-74.18	-24.27	-149.94
Free Cash Flow	-259.7	-215.33	20.72	-226.64	-44.19	-183.66
Free Cash Flow Growth	-	-	-	-	-	-

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	19.58%	15.25%	4.88%	18.59%	13.54%	22.74%
Operating Margin	-2.39%	-5.63%	-14.63%	2.51%	0.01%	6.48%
Pretax Margin	-4.98%	-7.97%	-22.80%	-0.17%	8.87%	-12.74%
Profit Margin	-1.20%	-2.05%	-15.38%	-0.35%	-0.84%	-6.32%
FCF Margin	-11.03%	-9.59%	1.02%	-10.51%	-2.98%	-42.61%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 5, 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	-	-	34.48	-	-	-
PS Ratio	0.19	0.30	0.35	0.39	0.34	0.78