Net Holding A.S. (IST:NTHOL)

Turkey · Delayed Price · Currency is TRY

44.28

+0.98 (2.26%)

Aug 28, 2026, 6:09 PM GMT+3

Net 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	26,519	25,016	25,350	13,707	6,372	1,012
Revenue Growth	-1.65%	-1.32%	84.94%	115.12%	529.90%	139.96%
Gross Profit	5,460	6,785	7,322	5,435	2,159	368.94
Operating Income	2,779	4,178	3,619	2,887	1,398	106.59
Net Income	1,019	1,666	3,439	3,220	1,530	910.01
Earnings Per Share	-	3.33	6.19	5.71	3.22	1.93
EPS Growth	-	-46.20%	8.44%	77.25%	67.13%	-

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Tourism	28,422
Holding and Other	206.47
Elimination	-3,612
Total	25,016

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	4,132	3,291	2,748	2,953	1,829	1,210
Total Debt	12,092	10,043	9,523	7,990	5,547	3,416
Net Cash (Debt)	-7,960	-6,752	-6,776	-5,037	-3,719	-2,206
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	-13.50	-12.20	-8.93	-7.83	-4.67

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	593.99	2,916	11,087	5,554	5,382	957.95
Capital Expenditures	-791.18	-873.83	-12,592	-3,468	-1,859	-384.06
Free Cash Flow	-197.19	2,042	-1,506	2,086	3,523	573.89
Free Cash Flow Growth	-	-	-	-40.79%	513.94%	-

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	20.59%	27.12%	28.88%	39.65%	33.89%	36.47%
Operating Margin	10.48%	16.70%	14.27%	21.06%	21.95%	10.54%
Pretax Margin	6.29%	8.85%	19.38%	50.99%	27.34%	135.21%
Profit Margin	3.84%	6.66%	13.57%	23.49%	24.01%	89.97%
FCF Margin	-0.74%	8.16%	-5.94%	15.22%	55.30%	56.74%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 28, 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
PE Ratio	19.42	13.46	5.92	2.83	4.64	2.46
Forward PE	-	10.11	10.11	10.11	10.11	10.11
P/FCF Ratio	-	10.98	-	4.36	2.02	3.91
PS Ratio	0.75	0.90	0.80	0.66	1.11	2.22