Denge Yatirim Holding AS

Denge Yatirim Holding AS

BBIST:DENGE
1.42
TRY
-0.09
(-5.96%)
-0.58EPS
1.43BMarket 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
0.07
0.08
- -
0.01
- -
- -
1.28
0.32
1.82
1.3
1.61
1
0.99
Basic EPS, GAAP
0.06
0.06
0.08
0.07
0.03
- -
-0.41
0.01
0.21
-0.11
0.8
-1.02
-0.75
-0.52
Free Cash Flow per Basic Share
-0.09
0.06
-0.1
0.25
-0.34
0.02
- -
0.82
-0.26
0.18
-2.35
-0.34
-1.09
-0.61
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.22
0.28
0.36
0.43
0.49
0.49
0.08
0.05
1.04
2.55
3.38
3.4
2.3
2.54
Tangible Book Value per Share
0.22
0.22
0.36
0.43
0.49
0.49
0.08
-0.29
0.86
2.3
3.11
3.05
1.97
2.15
Basic Weighted Avg Shares
131
131
131
131
131
131
131
73
436
436
436
436
600
525
Sales/Revenue/Turnover
9
10
10
- -
1
- -
- -
93
137
794
566
700
603
519
Operating Margin (%)
78.54
82.09
84.2
-9,729.77
-3.5
- -
-27,763.88
8.59
4.86
-1.79
-8.27
-11.4
-18.82
-17.82
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
3
12
40
59
45
34
Net Income, GAAP
8
8
10
9
4
- -
-54
- -
91
-50
347
-445
-447
-275
Effective Tax Rate (%)
1.54
0.28
1.39
- -
18.28
- -
- -
55.38
- -
45.46
47.68
- -
- -
- -
Profit Margin (%)
85.54
84.14
98.16
62,808.98
326.82
- -
-25,705.68
0.47
66.46
-6.26
61.32
-63.48
-74.2
-52.92
Working Capital
24
28
44
53
- -
85
31
-29
31
218
-78
-50
167
-305
LT Debt
- -
- -
- -
- -
- -
- -
- -
7
281
575
150
125
89
144
Total Equity
30
38
47
55
64
84
30
34
591
1,592
1,107
1,497
1,352
1,488
Return on Invested Capital (%)
26.21
22.21
19.89
- -
-0.11
- -
- -
- -
- -
-0.59
10.27
- -
- -
- -
Return on Capital (%)
26.17
22.52
23.39
- -
6.83
- -
- -
2.2
- -
-23.8
22.79
- -
- -
- -
Return on Common Equity (%)
31.47
24.89
23.64
16.96
6.83
0.3
-144.45
4.94
39.67
-6.36
26.89
-30.19
-31.34
-18.96

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
125
108
49
LT Borrowings
87
81
143
LT Finance Leases
2
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
599
599
599
Market Capitalization
1,821
1,360
1,431

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
567
600
559
Cash, Cash Equivalents & STI
64
32
11
Accounts Receivable, Net
194
237
207
Inventories
62
83
75
Total Current Liabilities
399
439
865
Payables & Accruals
- -
- -
- -
ST Debt
125
108
49
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
180.12%
357.15%
-9.68%
Free Cash Flow
1,405.04%
-316.48%
345.22%
Net Income, GAAP
-889.62%
3,957.7%
0.59%
Sales/Revenue/Turnover
- -
101.51%
-13.95%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
145
177
166
144
700
2025
199
181
125
157
603
2026
148
88
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.48
0.61
0.21
-0.98
-1.02
2025
-0.59
-0.19
-0.23
-0.06
-0.75
2026
-0.06
-0.13
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Full Time Employees
66
Sector
Finance
Industry
Investment managers
Address
Istanbul Turkey
IPO Date
Aug 2, 2012
Business
Denge Yatirim Holding AS is a Turkey-based investment holding company engaged in acquiring, managing, and developing a diversified portfolio of businesses across logistics, real estate development, industrial mining, and technology infrastructure. Founded in 2007 and headquartered in Istanbul, Turkey, the company has been publicly traded on Borsa Istanbul under the ticker DENGE since 2012. Denge Yatirim Holding directs the strategic planning, capital allocation, corporate governance, and operational oversight of its subsidiaries and affiliated operating companies, serving commercial, industrial, and institutional clients primarily across Turkey. The company provides a comprehensive range of products and services organized across its primary operating divisions: Logistics and Supply Chain Services, which provides full truckload (FTL) and less-than-truckload (LTL) road freight transportation, micro-distribution logistics, reverse logistics, multi-temperature controlled cold-chain storage, bonded warehousing, and integrated supply chain management solutions through Site Lojistik AS; Real Estate Development and Property Management, which encompasses residential housing construction, commercial office and business center development, architectural engineering contracting, urban project development, and property leasing through Denge Investment Gayrimenkul Gelistirme AS; Industrial Minerals and Mining, which comprises the extraction, crushing, screening, processing, and commercial supply of industrial minerals including feldspar, nepheline syenite, and wollastonite for ceramics, glass, and industrial manufacturing applications; and Technology and Infrastructure Solutions, which historically encompassed telecommunications network infrastructure, system integration, enterprise security systems, video imaging hardware, computer peripherals distribution, and technical maintenance services. In recent strategic developments, Denge Yatirim Holding has actively restructured its investment portfolio and expanded its industrial footprint. The holding acquired an initial 9.26% equity stake in mining enterprise SB Celik Madencilik Sanayi ve Ticaret AS and exercised a subsequent purchase option to acquire an additional 9.26% stake for an aggregate transaction value of 1.75 billion Turkish Lira payable in structured installments through August 2027, substantially accelerating its expansion into the natural resources and industrial mineral sector. To optimize its operational profile and streamline business activities, the company completed the divestment of its 75% equity stake in telecommunications and systems integration subsidiary Metrobil Teknoloji AS for 95 million Turkish Lira. In its real estate segment, following the demerger and corporate reorganization of Fer Gayrimenkul Gelistirme ve Insaat AS, the company consolidated its real estate rights and portfolio assets—including major commercial and residential developments such as Premier Kampus, Parima Residence, and iTower—under its wholly owned subsidiary Denge Investment Gayrimenkul Gelistirme AS. Furthermore, Denge Yatirim Holding enhanced its capital structure and financial flexibility by increasing its registered capital ceiling from 600 million Turkish Lira to 3.6 billion Turkish Lira through 2029, completing capital increase initiatives to pay down commercial bank liabilities and strengthen working capital reserves.