Derluks Yatirim Holding AS

Derluks Yatirim Holding AS

BBIST:DERHL
1.29
TRY
-0.07
(-5.15%)
0.01EPS
2.57BMarket Cap
Derluks Yatirim Holding AS
BIST:DERHL
(Istanbul Exchange)

Recent

price

1.29

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
0.08
0.13
0.29
0.4
0.32
0.49
2.33
3.43
4.08
4.38
4.52
Revenue per Share
- -
- -
0.01
0.01
0.01
0.04
0.08
0.14
0.03
0.01
- -
Basic EPS, GAAP
- -
-0.01
- -
-0.05
- -
-0.05
0.1
-0.17
-0.71
-0.29
0.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.02
0.02
0.04
0.09
0.11
0.4
0.49
1.65
1.69
1.72
2.01
Book Value per Share
0.02
0.02
0.04
0.09
0.11
0.39
0.48
1.63
1.67
1.71
2
Tangible Book Value per Share
568
568
568
470
630
630
725
752
989
989
989
Basic Weighted Avg Shares
47
72
166
187
204
309
1,689
2,583
4,032
4,332
4,469
Sales/Revenue/Turnover
7.49
6.3
8.38
5.49
3.43
2.33
7.14
7.73
7.25
14.13
16.07
Operating Margin (%)
- -
- -
- -
2
2
4
43
65
97
142
211
Depreciation Expense
2
3
4
4
7
27
56
107
34
9
-2
Net Income, GAAP
4.53
10.82
28.4
18.3
1.94
5.21
15.62
33.83
- -
80.25
94.18
Effective Tax Rate (%)
5.3
3.71
2.17
2.05
3.61
8.85
3.32
4.13
0.83
0.21
-0.06
Profit Margin (%)
6
9
12
45
64
56
83
438
985
733
1,071
Working Capital
8
12
8
7
2
196
334
607
338
472
521
LT Debt
10
12
22
59
75
443
792
1,795
2,330
2,389
2,804
Total Equity
- -
12.3
26.14
14.51
11.75
6.55
13.72
9.59
- -
3.91
1.18
Return on Invested Capital (%)
- -
19.23
13.31
12.19
11.96
6.03
-9.15
7.32
- -
1.73
0.36
Return on Capital (%)
- -
24.37
20.74
9.42
11.88
17.25
18.51
13.4
2.31
0.54
-0.14
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,710
1,943
1,830
LT Borrowings
186
261
194
LT Finance Leases
286
294
326
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
989
989
989
Market Capitalization
2,592
2,827
2,573

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,784
3,117
3,466
Cash, Cash Equivalents & STI
120
121
190
Accounts Receivable, Net
1,398
1,412
1,251
Inventories
1,023
1,289
1,645
Total Current Liabilities
2,051
2,215
2,395
Payables & Accruals
- -
- -
- -
ST Debt
1,710
1,943
1,830
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
145.04%
2.54%
Free Cash Flow
- -
-292.04%
-58.75%
Net Income, GAAP
- -
64.99%
-72.72%
Sales/Revenue/Turnover
- -
122.93%
7.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
672
879
1,230
874
4,032
2025
1,034
1,439
920
1,340
4,332
2026
913
1,296
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.05
-0.01
0.01
0.03
2025
0.02
0.01
0.01
-0.03
0.01
2026
- -
0.01
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Derluks Yatirim Holding AS is a diversified Turkish investment holding company engaged in apparel manufacturing, renewable energy generation, and fast-moving consumer goods (FMCG) distribution and marketing. Founded in 2002 and headquartered in Istanbul, Turkey, the company operates through several operating subsidiaries and serves domestic and international markets across Europe, Central Asia, the Middle East, and North America. The company organizes its business operations into three primary segments: Ready-to-Wear Apparel, Renewable Energy, and FMCG and Distribution. Through its apparel division, operating under the proprietary Emiliano Zapata brand, the company designs, manufactures, wholesales, retails, and exports premium men's outerwear, genuine leather jackets, shearling garments, tailored suits, blazers, trousers, shirts, knitwear, casual apparel, footwear, and fashion accessories across more than 30 countries via dedicated retail boutiques, multi-brand department stores, and digital commerce channels. In the renewable energy segment, the company develops, owns, and operates grid-connected solar photovoltaic power plants located across multiple provinces in Turkey, including Agri, Adiyaman, Izmir, and Sanliurfa, with an aggregate installed capacity of 15.32 MWp, while also holding electricity supply licenses for commercial power sales. Through its FMCG and distribution business, managed by wholly owned subsidiary Vizyon Global Tuketim Malzemeleri Pazarlama Sanayi Ticaret AS, the company operates nationwide warehousing, logistics, and wholesale distribution networks; serves as an authorized regional distributor for beverage and food brands such as Erikli, Nestle, Tuborg, Fresa, and Meysu; manages nationwide sales networks for Koska confectionery products; and produces and markets proprietary consumer product lines, including Frozen Kitchen frozen bakery goods, pastries, and dough products, as well as Pafity companion animal pet foods and cat litter. In recent corporate developments, the company executed a major strategic restructuring by merging its apparel subsidiary Emiliano Zapata Giyim ve Sanayi AS with its renewable energy unit Toprak Yenilenebilir Enerji Sanayi Ticaret AS to form Soho Giyim ve Enerji AS, creating an integrated operating platform consolidating its textile and clean energy assets. Derluks Yatirim Holding subsequently initiated and advanced regulatory filings with the Capital Markets Board of Turkey (SPK) for the planned initial public offering (IPO) of Soho Giyim ve Enerji AS. To fund ongoing portfolio expansion and optimize its balance sheet, the company approved and executed substantial equity capital expansions, including a bonus issue raising paid-in capital from TRY 197.3 million to TRY 989.2 million, alongside securing SPK approval for a TRY 2.0 billion debt issuance ceiling to issue short- and medium-term financing bonds to qualified institutional investors. Additionally, the company has expanded commercial operations for its proprietary consumer goods brands, securing broader retail and supermarket distribution contracts for its Frozen Kitchen and Pafity product lines.