Smartiks Yazilim A.S. (IST:SMART)

Turkey · Delayed Price · Currency is TRY

22.28

-0.54 (-2.37%)

Last updated: Sep 3, 2026, 1:01 PM GMT+3

Smartiks Yazilim 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	157.24	200.12	265.37	241.99	107.21	36.36
Revenue Growth	-44.10%	-24.59%	9.66%	125.72%	194.81%	33.68%
Gross Profit	107.07	140.9	217.24	194.99	85.79	20.63
Operating Income	-29.48	-0.45	38.35	51.57	0.99	1.81
Net Income	-37.23	-20.4	16.12	64.94	-45.13	3.81
Earnings Per Share	-	-0.64	0.51	2.04	-1.42	0.12
EPS Growth	-	-	-75.17%	-	-	1.99%

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	199.86	281.75	230.61	101.77	31.75
Foreign	1.97	3.11	12.54	10.73	5.07
Unallocated	-1.7	-19.48	-1.16	-5.29	-0.46
Total	200.12	265.37	241.99	107.21	36.36

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	1.42	9.75	1.82	2.88	3.93	5.23
Total Debt	121.69	97.2	81.48	40.96	27.42	10.07
Net Cash (Debt)	-120.27	-87.45	-79.66	-38.09	-23.49	-4.84
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	-2.74	-2.50	-1.20	-0.74	-0.15

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	413.58	199.73	205.5	106.13	47.53	24.71
Capital Expenditures	-0.25	-0.36	-1.12	-0.96	-1.75	-0.62
Free Cash Flow	413.33	199.38	204.38	105.17	45.78	24.09
Free Cash Flow Growth	112.08%	-2.45%	94.33%	129.73%	90.04%	35.16%

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	68.09%	70.41%	81.86%	80.58%	80.02%	56.74%
Operating Margin	-18.75%	-0.23%	14.45%	21.31%	0.93%	4.96%
Pretax Margin	-23.40%	-10.19%	6.07%	26.83%	-42.09%	8.91%
Profit Margin	-23.68%	-10.19%	6.08%	26.83%	-42.09%	10.49%
FCF Margin	262.87%	99.63%	77.02%	43.46%	42.70%	66.25%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 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	-	-	57.75	14.03	-	46.70
Forward PE	-	19.81	19.81	19.81	19.81	19.81
P/FCF Ratio	1.81	3.49	4.56	8.66	8.05	7.39
PS Ratio	5.29	3.47	3.51	3.77	3.44	4.90