Arsan Holding A.S.

Arsan Holding A.S.

BBIST:ARSAN
2.89
TRY
-0.08
(-2.69%)
0.21EPS
14.65P/E
5.62BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.07
0.06
0.07
0.08
0.1
0.12
0.17
0.16
0.28
1.16
0.3
0.08
0.08
0.22
Basic EPS, GAAP
0.01
0.03
0.01
0.01
0.02
0.01
0.03
0.06
0.15
0.15
0.42
0.53
-0.22
0.22
Free Cash Flow per Basic Share
-0.01
-0.01
-0.01
- -
- -
0.01
0.02
0.07
- -
-0.04
0.56
0.55
0.18
0.39
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.06
0.09
0.1
0.1
0.17
0.17
0.21
0.28
0.48
1.87
3.39
5.02
6.03
7.59
Tangible Book Value per Share
0.06
0.09
0.1
0.1
0.17
0.17
0.21
0.28
0.48
1.86
3.39
5.02
6
7.59
Basic Weighted Avg Shares
1,657
1,762
1,762
1,762
1,762
1,762
1,762
1,762
1,762
1,762
1,762
1,762
1,762
1,763
Sales/Revenue/Turnover
111
107
122
141
169
214
294
276
499
2,047
529
149
136
397
Operating Margin (%)
-5.91
4.94
4.62
1.83
2.25
10.72
9.18
9.48
6.53
17.38
-97.54
-202.6
-146.48
-12.5
Depreciation Expense
6
7
6
6
5
7
7
10
11
61
102
60
91
51
Net Income, GAAP
10
45
19
13
29
13
60
112
272
270
743
930
-388
384
Effective Tax Rate (%)
5.59
- -
- -
2.7
0.69
48.68
1.46
1.71
- -
- -
48.44
17.79
- -
68.92
Profit Margin (%)
8.94
42.02
15.47
9.24
17.04
6.3
20.34
40.34
54.54
13.21
140.37
624.89
-284.26
96.81
Working Capital
-2
11
10
4
16
3
37
114
124
409
1,755
2,837
2,156
1,958
LT Debt
19
28
21
16
15
26
45
60
32
32
17
1
19
6
Total Equity
115
160
176
184
311
322
392
523
907
3,552
6,433
9,451
11,206
14,045
Return on Invested Capital (%)
-2.5
- -
- -
3.9
1.85
5.02
7.82
10.73
- -
- -
8.03
-0.37
- -
1.04
Return on Capital (%)
8.88
- -
- -
12.39
11.47
4.94
13.06
20.33
- -
- -
14.63
11.87
- -
3.45
Return on Common Equity (%)
9.28
33.58
11.47
7.26
12.01
4.47
17.58
25.65
40.42
13.07
16.03
12.54
-3.98
3.42

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
19
343
173
LT Borrowings
19
10
6
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,762
1,762
1,762
Market Capitalization
6,696
6,519
5,621

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,262
2,778
2,833
Cash, Cash Equivalents & STI
1,686
1,701
1,935
Accounts Receivable, Net
18
814
686
Inventories
77
58
54
Total Current Liabilities
106
942
874
Payables & Accruals
- -
- -
- -
ST Debt
19
343
173
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
64.4%
102.35%
18.57%
Free Cash Flow
297.35%
129.21%
-68.05%
Net Income, GAAP
66.85%
40.32%
-141.69%
Sales/Revenue/Turnover
32.98%
47.31%
-8.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24
29
41
39
149
2025
24
39
39
45
136
2026
116
197
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.52
- -
-0.08
0.53
2025
0.14
-0.05
-0.16
-0.14
-0.22
2026
0.3
0.21
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Alisan Arikan
Full Time Employees
110
Sector
Process industries
Industry
Textiles
Address
Kahramanmaras Turkey
IPO Date
Jun 25, 1998
Business
Arsan Holding A.S. is a diversified Turkish conglomerate primarily engaged in textile manufacturing, electric power generation, natural gas distribution, real estate development, and tourism and hospitality operations. Founded in 1948 and headquartered in Kahramanmaraş, Turkey, the company operates a network of industrial and commercial facilities serving domestic and international markets across Europe, the Middle East, and Asia. The company operates through five principal business segments: Textile, Energy, Natural Gas Distribution, Real Estate and Tourism, and Construction. Within its Textile division, the company manufactures and sells open-end and ring-spun cotton yarns, combed yarns, carded yarns, and synthetic blended yarns; raw, dyed, and printed knitted fabrics, including single jersey, pique, interlock, rib, and fleece; woven fabrics; and commission dyeing, washing, printing, bleaching, and textile finishing services. Within its Energy and Gas divisions, Arsan Holding engages in electricity generation through hydroelectric power plants (HEPP) and ground-mounted and rooftop photovoltaic solar power plants (SPP); wholesale electricity trading; and regional urban natural gas distribution network management, pipeline installation, and retail gas supply through affiliated utility enterprises. Within its Real Estate and Tourism division, the company owns, develops, leases, and manages commercial complexes, trade centers, and residential properties; and operates luxury hospitality assets, conference venues, sports facilities, and food and beverage operations, including the Clarion Hotel Kahramanmaraş. In addition, the group provides general construction and infrastructure contracting services, cold storage warehousing, and agricultural production. In recent strategic developments, Arsan Holding has focused on accelerating its transition toward renewable energy and modernizing its core industrial base. The group has significantly expanded its capital expenditures in self-consumption solar photovoltaic power plants (SPP/GES) to power its energy-intensive textile spinning and fabric finishing plants, mitigating rising energy costs and aligning with European sustainability and carbon-reduction standards. Concurrently, following regional seismic disruptions in Southeastern Turkey, the company undertook comprehensive structural restoration, technological modernization, and equipment overhauls across its manufacturing plants and hotel facilities in Kahramanmaraş, restoring full production capacity and upgrading operational efficiency. Arsan Holding continues to optimize its vertically integrated production supply chain while seeking further investments in clean energy generation and utility infrastructure.