Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret A.S.

Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret A.S.

BBIST:KATMR
1.10
TRY
-0.04
(-3.51%)
0.21EPS
12.72P/E
5.79BMarket 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
0.42
0.48
0.89
0.41
0.51
0.77
0.52
0.57
0.38
1.5
1.5
1.19
1.04
1.14
Basic EPS, GAAP
-0.02
0.03
0.05
0.03
0.03
-0.04
-0.03
-0.06
-0.04
-0.23
-0.17
0.4
0.31
0.21
Free Cash Flow per Basic Share
-0.18
0.14
0.03
-0.23
-0.21
-0.17
-0.14
-0.19
-0.04
0.78
0.84
0.49
-0.65
-0.23
Dividend per Share
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.08
0.12
0.18
0.21
0.26
0.22
0.21
0.38
0.6
2.76
3.28
4.92
4.02
4.88
Tangible Book Value per Share
0.08
0.11
0.17
0.18
0.22
0.15
0.16
0.35
0.58
2.66
3.17
4.86
3.97
4.81
Basic Weighted Avg Shares
350
350
350
350
350
350
540
624
1,053
1,053
1,468
1,468
2,153
2,275
Sales/Revenue/Turnover
146
170
311
145
177
270
279
353
401
1,575
2,195
1,753
2,248
2,596
Operating Margin (%)
9.41
11.39
14.01
19.66
30.57
22.17
28.08
45.16
33
-4.93
-3.7
16.06
21.94
14.89
Depreciation Expense
1
1
2
2
3
4
4
3
4
12
43
220
109
93
Net Income, GAAP
-8
9
19
10
12
-16
-14
-37
-42
-245
-245
586
662
481
Effective Tax Rate (%)
- -
2.86
21.56
16.93
18.79
- -
- -
- -
- -
- -
- -
26.87
19.48
8.59
Profit Margin (%)
-5.61
5.48
5.99
6.64
6.62
-5.81
-4.86
-10.62
-10.41
-15.56
-11.15
33.39
29.45
18.54
Working Capital
37
55
66
65
169
140
537
609
1,043
3,445
5,087
6,575
7,718
9,006
LT Debt
37
48
48
52
157
152
531
531
591
1,181
1,193
709
331
155
Total Equity
31
43
63
72
92
76
113
240
636
2,905
4,817
7,225
8,646
10,500
Return on Invested Capital (%)
- -
11.44
23.89
15.45
15.6
- -
- -
- -
- -
- -
- -
4.83
7.18
6.57
Return on Capital (%)
- -
12.51
19.02
11.54
11.87
- -
- -
- -
- -
- -
- -
11.85
8.08
6.22
Return on Common Equity (%)
-24.63
27.27
36.19
14.24
14.27
-18.66
-14.37
-21.26
-9.52
-13.84
-6.34
9.72
8.34
5.31

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,758
2,148
2,159
LT Borrowings
322
28
150
LT Finance Leases
9
12
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,153
2,153
2,153
Market Capitalization
6,008
5,749
5,792

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,112
13,337
12,904
Cash, Cash Equivalents & STI
387
168
125
Accounts Receivable, Net
1,737
1,928
1,682
Inventories
7,805
9,018
8,989
Total Current Liabilities
4,394
4,839
3,897
Payables & Accruals
- -
- -
- -
ST Debt
1,758
2,148
2,159
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
84.37%
131.42%
19.66%
Free Cash Flow
-338.66%
-496.84%
-293.25%
Net Income, GAAP
7.51%
34.5%
13.07%
Sales/Revenue/Turnover
40.55%
70.82%
28.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
509
570
177
311
1,753
2025
691
695
589
493
2,248
2026
635
880
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
-0.03
0.08
0.21
0.4
2025
0.31
0.06
0.06
0.06
0.31
2026
0.16
-0.07
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Mehmet Katmerci
Full Time Employees
322
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Iizmir Turkey
IPO Date
Nov 11, 2010
Business
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret A.S. designs, develops, manufactures, and exports on-vehicle superstructures, municipal equipment, and tactical defense and security vehicles. Founded in 1985 and headquartered in Izmir, Turkey, the company operates production plants and an accredited research and development center across facilities in Izmir and Ankara. Katmerciler serves municipal public works departments, commercial logistics operators, law enforcement agencies, and armed forces across more than 80 countries worldwide. The company operates through two primary business segments: On-Vehicle Equipment and Defense Industry. The On-Vehicle Equipment segment manufactures nearly thirty certified superstructure variations, comprising firefighting and emergency rescue vehicles; environmental maintenance vehicles, including hydraulic garbage compactors, vacuum sewage trucks, hydro-jetting sewer cleaners, and mechanical road sweepers; transportation and distribution equipment, including potable water tankers, fuel tankers, dump bodies, tippers, hook loaders, and cargo carriers; and vehicle recovery and lifting machinery, including telescopic and articulated hydraulic aerial work platforms, auto recovery vehicles, and sliding bed transporters. The company integrates its commercial superstructures onto vehicle chassis supplied by major automotive manufacturers, including Ford Trucks, Mercedes-Benz, MAN, Volvo, and Isuzu. The Defense Industry segment develops wheeled armored combat vehicles, homeland security apparatus, and robotic systems. Key offerings include the HIZIR and HIZIR II 4x4 mine-resistant ambush-protected vehicles; the KHAN 4x4 armored personnel carrier; the ATES armored border surveillance and reconnaissance vehicle; the KIRAC next-generation criminal investigation vehicle; the TOMA riot control vehicle; the UKAP remotely operated unmanned ground vehicle platform; armored logistics trucks; armored ambulances; and heavy-duty tank transporters. In recent developments, Katmerciler has expanded its international footprint and strengthened its defense and municipal order pipeline. In July 2025, the company entered into a strategic collaboration agreement with Malaysian defense company DRB-HICOM Defence Technologies (Deftech) to pursue joint defense vehicle opportunities in Southeast Asia. In May 2025, the company secured a USD 20.4 million supply contract with the Turkish Ministry of National Defence. These awards followed high-value export orders finalized in late 2024, consisting of a USD 10.5 million international municipal firefighting vehicle contract and a USD 3.8 million order for tank transport systems and spare parts. In corporate asset management and operational streamlining, the company completed the divestment of a factory facility and real estate asset in the Ankara Baskent Organized Industrial Zone for TRY 140 million in April 2024. Furthermore, Katmerciler established a dedicated Sustainability Committee and implemented corporate governance upgrades in alignment with Borsa Istanbul sustainability guidelines.