Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S.

Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S.

BBIST:HATSN
22.22
TRY
-0.90
(-3.89%)
12.10BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.73
2.07
10.17
14.75
22.41
21.35
- -
Basic EPS, GAAP
0.03
0.03
3.16
4.73
3.76
-0.86
- -
Free Cash Flow per Basic Share
-0.17
-3.6
1.5
-3.23
-0.97
-2.05
0.96
Dividend per Share
- -
- -
0.4
- -
- -
- -
- -
Book Value per Share
0.24
0.27
5.28
17.75
27.01
26.2
29.18
Tangible Book Value per Share
0.24
0.26
5.27
17.75
26.95
26.2
29.18
Basic Weighted Avg Shares
222
222
222
222
222
222
222
Sales/Revenue/Turnover
384
458
2,253
3,267
4,963
4,729
- -
Operating Margin (%)
6.86
10.94
34.21
14.11
11.25
-0.21
- -
Depreciation Expense
2
1
94
194
303
360
455
Net Income, GAAP
7
7
700
1,047
832
-191
- -
Effective Tax Rate (%)
- -
43.98
14.56
- -
33.4
1,584.85
- -
Profit Margin (%)
1.82
1.52
31.08
32.06
16.77
-4.05
- -
Working Capital
7
-75
124
1,413
1,658
327
54
LT Debt
93
404
794
823
601
403
442
Total Equity
58
68
1,169
3,932
5,982
5,803
6,463
Return on Invested Capital (%)
- -
1.89
44.81
- -
9.74
0.71
- -
Return on Capital (%)
- -
0.92
60.65
- -
14.18
-7.18
- -
Return on Common Equity (%)
- -
12.38
114.07
41.06
16.79
-3.25
- -

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
274
420
427
LT Borrowings
363
485
407
LT Finance Leases
40
36
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
222
222
222
Market Capitalization
8,559
8,213
12,105

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,569
1,908
1,894
Cash, Cash Equivalents & STI
510
679
621
Accounts Receivable, Net
32
140
98
Inventories
626
554
573
Total Current Liabilities
1,242
1,628
1,841
Payables & Accruals
- -
- -
- -
ST Debt
274
420
427
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
386.38%
-3%
Free Cash Flow
- -
326.23%
111.5%
Net Income, GAAP
- -
1,973.44%
-122.99%
Sales/Revenue/Turnover
- -
100.65%
-4.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
738
806
- -
- -
4,963
2025
827
1,305
- -
1,455
4,729
2026
681
640
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.09
0.22
- -
- -
3.76
2025
0.4
0.76
- -
-2.02
-0.86
2026
-0.32
-1.34
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Turker Yaltir
Full Time Employees
333
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Istanbul Turkey
IPO Date
Sep 22, 2023
Business
Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S. operates as a maritime engineering, shipbuilding, and ship repair company based in Turkey. Founded in 2006 and headquartered in Yalova, Turkey, the company operates as a subsidiary of Pekar Group and maintains extensive shipyard facilities within the Altinova Shipyard Zone along the Sea of Marmara. Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S. operates primarily through two core business segments: Ship Newbuilding and Ship Repair, Maintenance, and Conversion. The company's comprehensive product and service offerings comprise new vessel construction, including chemical and product tankers, container feeder ships, multi-purpose dry cargo vessels, tugboats, workboats, fishing vessels, live fish carriers, offshore support vessels, and non-propelled barges; ship drydocking, maintenance, and routine repair services, including hull steel renewals, hydro-blasting and grit blasting, marine anti-fouling coatings and painting, main engine and auxiliary machinery overhaul, propulsion shaft and propeller servicing, electrical and automation repairs, piping prefabrication and installation, and rudder system overhauls; complex vessel conversions and structural modifications, including vessel lengthening, deadweight capacity increases, cargo hold reconfigurations, and specialized vessel repurposing; green maritime retrofits, including Ballast Water Treatment System (BWTS) turn-key integration, Exhaust Gas Cleaning System (EGCS/scrubber) installation, alternative fuel system adaptations, and energy-saving device retrofits; and maritime transport, logistics, and marine contracting services. The company caters to domestic and international shipowners, commercial fleet operators, and maritime transport enterprises across Europe, the Mediterranean, the Black Sea, and the Middle East utilizing its Panamax- and Post-Panamax-capable floating drydocks, extensive quayside berthing, heavy-lift gantry cranes, and closed fabrication workshops. In recent developments, Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret A.S. successfully completed its initial public offering (IPO) on Borsa Istanbul under the ticker symbol HATSN, raising equity capital to finance infrastructural expansions and working capital requirements. Over the last one to two years, the company has directed capital expenditures toward enlarging its drydocking and lifting capacities through floating dock investments, expanding its footprint in high-margin green retrofit engineering for vessels complying with International Maritime Organization (IMO) decarbonization standards, securing multiple high-value international ship repair and specialized newbuilding contracts, and modernizing its automated steel cutting and robotic welding facilities.