Gulermak Agir Sanayi Insaat Ve Taahhut A.S.

Gulermak Agir Sanayi Insaat Ve Taahhut A.S.

BBIST:GLRMK
112.40
TRY
-2.60
(-2.26%)
11.54EPS
14.92P/E
55.36BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
58.02
65.17
77.19
140.05
143.07
156.64
Basic EPS, GAAP
2.06
0.54
4.78
14.48
13.45
11.5
Free Cash Flow per Basic Share
15.56
7.09
14.24
6.58
5.11
7.65
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
18.85
14.25
15.7
33.41
55.01
87.93
Tangible Book Value per Share
18.8
14.21
15.66
31.99
52.42
84.14
Basic Weighted Avg Shares
323
323
323
323
318
317
Sales/Revenue/Turnover
18,717
21,023
24,901
45,179
45,533
49,647
Operating Margin (%)
7.66
5.11
11.6
10.09
10.55
10.25
Depreciation Expense
- -
- -
- -
1,229
1,162
1,086
Net Income, GAAP
663
175
1,543
4,672
4,279
3,644
Effective Tax Rate (%)
22.42
- -
- -
17.61
30.17
26.39
Profit Margin (%)
3.54
0.83
6.2
10.34
9.4
7.34
Working Capital
5,641
4,032
8,392
20,859
31,092
39,757
LT Debt
262
213
2,052
3,596
9,052
12,582
Total Equity
6,083
4,597
5,063
10,778
17,749
28,378
Return on Invested Capital (%)
- -
- -
- -
27.79
13.69
11.82
Return on Capital (%)
- -
- -
- -
35.96
19.36
12.62
Return on Common Equity (%)
- -
3.28
31.95
58.98
30.01
17.08

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,154
4,914
5,151
LT Borrowings
8,105
9,416
11,707
LT Finance Leases
947
887
875
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
323
323
323
Market Capitalization
56,455
58,616
55,358

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
57,211
57,786
69,018
Cash, Cash Equivalents & STI
14,419
12,259
17,439
Accounts Receivable, Net
5,118
7,145
8,591
Inventories
509
570
774
Total Current Liabilities
26,119
22,004
29,260
Payables & Accruals
- -
- -
- -
ST Debt
5,154
4,914
5,151
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
64.68%
Free Cash Flow
- -
- -
-23.35%
Net Income, GAAP
- -
- -
-8.4%
Sales/Revenue/Turnover
- -
- -
0.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,005
7,661
8,597
23,996
45,179
2025
8,947
11,556
9,034
19,305
45,533
2026
9,660
11,648
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.55
1.24
3.36
6.68
14.48
2025
4.99
4.31
4.41
1.55
13.45
2026
1.88
3.77
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Alper Uzman
Full Time Employees
3,492
Sector
Industrial services
Industry
Engineering & construction
Address
Bahçelievler Mahallesi Gölbasi AN Turkey 06830
IPO Date
Jan 17, 2025
Business
Gulermak Agir Sanayi Insaat Ve Taahhut A.S. engages in construction and contracting services; it designs, builds, and maintains civil and industrial projects; it undertakes turnkey construction, project management, and engineering works. The company focuses on large-scale infrastructure, industrial facilities, residential and commercial developments, and public sector projects, including energy, transport, and complex structural works. It offers project planning, design-build, procurement, construction management, site supervision, quality assurance, health and safety programs, and commissioning services; it provides engineering and construction solutions across multiple stages from feasibility studies to delivery and handover. Geographically, Gulermak operates in Turkey and cross-border markets within the region, leveraging local presence and international partnerships to execute projects. Founding year and headquarters: established in 1960s (Turkish construction sector origin) with headquarters in Istanbul, Turkey. Subsidiaries and parent relationships: operates as part of Gulermak Group with affiliated entities in construction and civil engineering; engages through joint ventures and strategic alliances for large-scale bids and international projects. Latest major changes include recent partnerships and consortiums for major infrastructure tenders; participation in acquisitions or equity investments to expand capabilities; new regional projects and service expansions in energy and transport sectors; reorganizations to enhance project delivery, safety, and sustainability standards. Industry context and target markets: construction and engineering services across public-private partnerships, infrastructure development, energy facilities, transportation corridors, and high-rise developments; targets government agencies, developers, and corporate clients seeking turnkey execution and integrated project delivery. Geographic operations emphasize Turkey and select international markets in Europe, the Middle East, and adjacent regions where large-scale public works and private development opportunities arise. Founding year and headquarters location are noted above; the company maintains relationships with local and international suppliers, subcontractors, and financial partners to support project execution.