VBT Yazilim Anonim Sirketi (IST:VBTYZ)

Turkey · Delayed Price · Currency is TRY

36.60

-0.26 (-0.71%)

Last updated: Sep 10, 2026, 5:59 PM GMT+3

IST:VBTYZ 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	2,908	2,428	3,019	3,082	1,178	198.51
Revenue Growth	11.64%	-19.60%	-2.02%	161.51%	493.67%	52.68%
Gross Profit	901.02	751.2	686.26	382.5	196.05	40.56
Operating Income	419.83	311.58	357.45	126.64	79.02	15.89
Net Income	161.89	175.04	46.09	145.11	10.65	34.15
Earnings Per Share	1.38	1.50	0.39	1.24	0.09	0.29
EPS Growth	61.89%	279.78%	-68.24%	1262.43%	-68.81%	74.18%

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	2,840	2,442	3,043	3,088	1,176	198.89
Foreign	91.02	11.62	19.16	6.19	5.9	0.12
Unallocated	-23.45	-25.6	-42.82	-11.85	-3.88	-0.5
Total	2,908	2,428	3,019	3,082	1,178	198.51

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	167.68	355.87	243.95	324.69	390.47	224.82
Total Debt	691.47	692.12	982.77	7.35	9.18	4.81
Net Cash (Debt)	-523.79	-336.25	-738.82	317.35	381.3	220.01
Net Cash Growth	-	-	-	-16.77%	73.31%	233.48%
Net Cash Per Share	-4.48	-2.87	-6.31	2.71	3.26	1.88

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	151.68	313.89	442.55	47.6	204.29	120.37
Capital Expenditures	-26.18	-19.14	-1,359	-62.41	-16.33	-16.97
Free Cash Flow	125.49	294.75	-916.72	-14.81	187.96	103.4
Free Cash Flow Growth	-	-	-	-	81.78%	79.87%

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	30.98%	30.94%	22.73%	12.41%	16.64%	20.43%
Operating Margin	14.44%	12.83%	11.84%	4.11%	6.71%	8.01%
Pretax Margin	9.01%	10.36%	1.19%	5.70%	3.13%	19.76%
Profit Margin	5.57%	7.21%	1.53%	4.71%	0.90%	17.20%
FCF Margin	4.32%	12.14%	-30.36%	-0.48%	15.95%	52.09%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 12, 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	26.23	11.32	61.99	21.07	140.61	16.05
P/FCF Ratio	33.66	6.72	-	-	7.97	5.30
PS Ratio	1.45	0.82	0.95	0.99	1.27	2.76