Global Menkul Degerler A.S.

Global Menkul Degerler A.S.

BBIST:GLBMD
8.05
TRY
-0.86
(-9.65%)
-0.77EPS
1.68BMarket 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
76.32
67.59
85.02
64.06
71.06
65.44
62.92
91.54
70.17
168.97
232.78
233.81
233.43
273.6
Basic EPS, GAAP
- -
-0.01
-0.04
-0.07
0.04
0.03
0.02
0.15
0.02
0.28
1.69
0.15
-0.6
-0.77
Free Cash Flow per Basic Share
0.07
-0.14
-0.12
-0.04
0.01
0.21
-0.15
-0.45
0.03
0.65
7.73
3.26
-4.6
0.47
Dividend per Share
- -
-0.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.44
0.43
0.38
0.32
0.37
0.4
0.37
0.52
0.55
1.67
4.06
5.45
4.82
5.33
Tangible Book Value per Share
0.44
0.43
0.37
0.31
0.36
0.39
0.36
0.51
0.53
1.61
4.01
5.36
4.67
5.18
Basic Weighted Avg Shares
118
118
118
118
118
118
118
118
118
118
118
118
118
118
Sales/Revenue/Turnover
9,006
7,976
10,033
7,559
8,385
7,722
7,424
10,802
8,280
19,938
27,468
27,589
27,545
32,285
Operating Margin (%)
-0.02
-0.04
-0.13
-0.2
0.07
0.11
0.07
0.28
0.42
0.82
1.11
1.24
0.62
0.63
Depreciation Expense
1
- -
1
1
1
1
2
2
3
20
28
21
28
36
Net Income, GAAP
- -
-1
-4
-8
5
4
2
18
3
33
199
18
-71
-91
Effective Tax Rate (%)
770.47
- -
- -
- -
- -
27.82
35.14
25.48
77.12
48.01
- -
64.09
- -
- -
Profit Margin (%)
- -
-0.01
-0.04
-0.1
0.06
0.05
0.02
0.17
0.03
0.16
0.72
0.06
-0.26
-0.28
Working Capital
45
44
28
28
34
38
35
57
59
177
314
430
394
459
LT Debt
- -
- -
- -
- -
- -
- -
- -
1
- -
12
24
5
3
3
Total Equity
52
51
45
37
43
47
44
62
64
197
479
643
569
629
Return on Invested Capital (%)
13.84
- -
- -
- -
- -
8.77
5.43
19.11
4.17
20.84
- -
13.72
- -
- -
Return on Capital (%)
-12.08
- -
- -
- -
- -
12.03
7.87
20.22
4.84
16.98
- -
9.68
- -
- -
Return on Common Equity (%)
-0.08
-1.29
-9.02
-18.73
12.69
8.43
3.98
33.82
4.44
24.97
58.87
3.12
-11.78
-15.4

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
650
609
835
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
118
118
118
Market Capitalization
1,617
1,370
1,676

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,794
3,131
6,019
Cash, Cash Equivalents & STI
667
574
577
Accounts Receivable, Net
1,952
2,273
5,108
Inventories
- -
- -
- -
Total Current Liabilities
2,400
2,708
5,560
Payables & Accruals
- -
- -
- -
ST Debt
650
609
835
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
41.74%
75.26%
-11.43%
Free Cash Flow
414.56%
572.46%
-240.98%
Net Income, GAAP
161.49%
178.9%
-507.67%
Sales/Revenue/Turnover
17.55%
31.1%
-0.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,238
5,863
5,696
5,887
27,589
2025
8,240
6,942
7,494
7,239
27,545
2026
8,554
8,999
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
0.48
-0.11
-0.18
0.15
2025
0.01
-0.21
-0.19
-0.26
-0.6
2026
-0.24
-0.09
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Gülseyma Dogançay
Full Time Employees
117
Sector
Finance
Industry
Investment banks/Brokers
Address
Istanbul Turkey
IPO Date
Jun 29, 2011
Business
Global Menkul Degerler A.S. is a Turkey-based financial services and investment brokerage firm that specializes in capital markets intermediary activities, corporate finance, and investment advisory. Founded in 1990 and headquartered in Istanbul, Turkey, the company operates as a subsidiary of Global Yatirim Holding A.S. and serves retail investors, high-net-worth individuals, domestic and international institutional investors, and corporate clients. The company operates across multiple financial service lines, providing a comprehensive range of products and services that include equity and fixed income brokerage, facilitating trading in Borsa Istanbul Equity Market securities, government bonds, treasury bills, corporate bonds, Eurobonds, repo, and reverse repo transactions, alongside margin trading and short selling facilities; derivatives and foreign exchange trading, executing futures and options contracts on the Borsa Istanbul Derivatives Market (VIOP), leveraged foreign exchange (Forex) transactions, and precious metals trading; corporate finance and investment banking, offering underwriting and advisory for initial public offerings (IPOs), secondary public offerings, private placements, corporate debt issuances, mergers and acquisitions (M&A), corporate restructuring, and company valuations; research and investment advisory, delivering macroeconomic analysis, equity research, sector reports, technical analysis, and model portfolio strategies; and wealth management and fund distribution, offering access to mutual funds traded on the Turkey Electronic Fund Distribution Platform (TEFAS) and customized investment solutions. The firm delivers its services through a domestic branch network across major Turkish commercial hubs and through digital distribution channels, including its proprietary Global OnLine web and mobile trading platforms. In recent operational and strategic developments, Global Menkul Degerler A.S. has significantly expanded its digital brokerage capabilities by rolling out fully integrated remote customer onboarding (digital KYC) systems, modernizing its Global OnLine mobile application with advanced algorithmic trading tools and real-time market data integration, and broadening its direct market access (DMA) and API connectivity solutions for institutional and algorithmic traders. Additionally, the company has expanded its capital market underwriting pipeline by serving as lead manager and syndicate member for new equity offerings and corporate debt issuances on Borsa Istanbul, while enhancing strategic collaboration with affiliate asset manager Global MD Portfoy to introduce structured investment products and multi-asset wealth management services tailored to expanding domestic capital market participation.