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Ihlas Gayrimenkul Proje Gelistirme ve Ticaret A.S.

Ihlas Gayrimenkul Proje Gelistirme ve Ticaret A.S.

BBIST:IHLGM
0.99
TRY
-0.05
(-4.81%)
0.82EPS
2.20P/E
1.81BMarket 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
0.01
0.14
0.01
0.04
0.11
0.11
0.33
0.48
0.95
1.15
0.66
0.63
1.72
1.92
Basic EPS, GAAP
-0.01
- -
- -
-0.01
-0.02
-0.01
0.1
0.01
0.11
-1.09
-1.68
-0.62
0.65
0.82
Free Cash Flow per Basic Share
-0.1
-0.01
-0.01
- -
-0.49
-0.08
-0.44
-0.14
-0.06
-0.17
-0.29
-0.07
0.01
-0.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.6
0.6
0.6
0.59
0.7
0.68
0.67
0.86
0.96
2.07
1.3
1.09
1.73
2.38
Tangible Book Value per Share
0.4
0.4
0.41
0.41
0.6
0.59
0.66
0.85
0.96
2.03
1.25
1.02
1.67
2.31
Basic Weighted Avg Shares
93
93
93
93
97
163
421
703
1,000
1,000
1,000
1,000
1,000
1,000
Sales/Revenue/Turnover
1
13
1
3
11
18
138
338
953
1,147
657
630
1,723
1,919
Operating Margin (%)
-408.69
-21.02
-231.87
-70.41
-13.53
-22.23
4.4
6.43
6.7
-64.2
-65.99
10.46
-51.61
-52.39
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
2
2
13
14
25
36
39
Net Income, GAAP
-1
- -
- -
-1
-2
-2
43
4
108
-1,089
-1,677
-615
655
822
Effective Tax Rate (%)
- -
102.93
- -
- -
- -
- -
20.64
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-95.16
0.62
-24.14
-18.72
-19.93
-9.93
30.89
1.1
11.29
-94.99
-255.13
-97.63
38.01
42.81
Working Capital
19
18
18
18
79
166
571
1,131
883
1,668
1,830
1,759
2,815
4,413
LT Debt
- -
- -
- -
- -
- -
- -
32
51
35
30
24
34
46
90
Total Equity
54
54
56
55
113
111
518
857
965
2,079
1,305
1,089
1,735
2,385
Return on Invested Capital (%)
- -
0.1
- -
- -
- -
- -
7.42
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
0.33
- -
- -
- -
- -
15.21
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-1.36
0.15
-0.42
-1.17
-2.57
-1.58
13.5
0.54
11.81
-71.83
-99.46
-51.52
46.45
46.97

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
11
122
LT Borrowings
- -
- -
- -
LT Finance Leases
46
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,000
1,000
1,000
Market Capitalization
2,050
1,940
1,810

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,159
4,924
6,417
Cash, Cash Equivalents & STI
43
42
111
Accounts Receivable, Net
123
78
497
Inventories
3,410
4,178
5,066
Total Current Liabilities
1,344
1,753
2,004
Payables & Accruals
- -
- -
- -
ST Debt
2
11
122
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
67.06%
26.72%
59.32%
Free Cash Flow
9,775.46%
3.76%
-115.27%
Net Income, GAAP
-72.45%
293.98%
-206.43%
Sales/Revenue/Turnover
168.35%
65.78%
173.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
106
186
187
100
630
2025
138
161
237
1,235
1,723
2026
160
288
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
-0.47
-0.13
-0.2
-0.62
2025
0.46
-0.3
-0.04
0.54
0.65
2026
0.29
0.04
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Sadi Çiçekçi
Full Time Employees
311
Sector
Finance
Industry
Real estate development
Address
Istanbul Turkey
IPO Date
Dec 1, 1989
Website
ihlasgayrimenkul.com
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Business
İhlas Gayrimenkul Proje Geliştirme ve Ticaret A.Ş. is a Turkey-based real estate development, construction, and property investment company engaged in the planning, architectural design, engineering, construction, marketing, and sales of large-scale residential and commercial properties. Founded in 1985 and headquartered in Istanbul, Turkey, the company operates as a subsidiary of İhlas Holding A.Ş. and primarily targets individual homebuyers, institutional property investors, and commercial tenants across Turkey, with major operations concentrated throughout the greater Istanbul metropolitan region. The company manages its operations through distinct property and contracting lines, offering core products and services that include: Residential Real Estate Development, comprising master-planned communities, high-rise residential complexes, and branded housing projects under flagship trademarks such as Bizim Evler (including Bizim Evler Güzelce, Bizim Evler 12, and Bizim Evler 13), Marmara Evleri 4, and Kristal Şehir; Commercial and Mixed-Use Properties, encompassing retail units, shopping arcades, business offices, and integrated community facilities; Land Acquisition and Urban Transformation, involving raw land development, site assembly, zoning compliance, architectural planning, and urban regeneration projects; and Turnkey Construction and Property Management, providing structural and civil contracting, infrastructure execution, interior fit-outs, sales and marketing administration, and post-handover property services. In recent strategic and operational developments, the company has advanced the construction and inventory rollout of its newest residential phases, Bizim Evler 12 and Bizim Evler 13. Concurrently, İhlas Gayrimenkul executed a major strategic realignment to focus exclusively on property development by terminating its legacy mining license transfer and royalty agreements in 2026 and initiating the formal handover and return of its fourth-group mining sites. Additionally, the company has updated its registered capital ceiling and transitioned to net profitability following comprehensive operational restructuring programs.