Kutahya Seker Fabrikasi AS

Kutahya Seker Fabrikasi AS

BBIST:KTSKR
51.30
TRY
-1.45
(-2.75%)
5.06BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.84
4.2
4.91
5.78
23.47
52.73
55.26
31.82
- -
Basic EPS, GAAP
0.4
0.75
0.68
2.22
8.71
7.43
10.84
-2.11
- -
Free Cash Flow per Basic Share
-0.29
1.79
1.67
0.69
-3.45
19.46
24.55
-11.25
-4.3
Dividend per Share
0.62
0.41
0.69
0.78
- -
5.17
- -
6.52
- -
Book Value per Share
1.94
2.27
12.39
13.88
60.06
90.71
133.73
124.37
144.81
Tangible Book Value per Share
1.93
2.26
12.39
13.88
60.06
90.71
133.73
124.33
144.77
Basic Weighted Avg Shares
46
46
46
46
46
46
46
46
46
Sales/Revenue/Turnover
131
193
226
266
1,080
2,425
2,542
1,464
- -
Operating Margin (%)
13.65
16.97
17.32
14.37
33.36
16.22
0.95
-22.08
- -
Depreciation Expense
6
4
2
10
-161
145
179
103
103
Net Income, GAAP
19
35
31
102
401
342
499
-97
- -
Effective Tax Rate (%)
12.45
13.76
13.94
19.58
22.91
- -
27.4
- -
- -
Profit Margin (%)
14.23
17.93
13.83
38.37
37.1
14.09
19.62
-6.64
- -
Working Capital
75
94
96
115
624
1,041
1,610
1,134
1,342
LT Debt
- -
- -
- -
- -
- -
138
- -
- -
- -
Total Equity
89
104
570
638
2,763
4,172
6,152
5,721
6,661
Return on Invested Capital (%)
- -
24.18
7.52
3.83
15.54
- -
0.56
- -
- -
Return on Capital (%)
- -
38.2
11.37
18.02
23.11
- -
10.11
- -
- -
Return on Common Equity (%)
- -
35.84
9.28
16.87
23.56
9.85
9.66
-1.64
- -

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
98
141
240
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
3,450
3,312
5,065

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,292
1,542
1,726
Cash, Cash Equivalents & STI
604
336
387
Accounts Receivable, Net
1
35
225
Inventories
1,588
1,036
765
Total Current Liabilities
1,158
311
384
Payables & Accruals
- -
- -
- -
ST Debt
98
141
240
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
87.25%
-7%
Free Cash Flow
- -
-287.98%
-145.84%
Net Income, GAAP
- -
86.14%
-119.48%
Sales/Revenue/Turnover
- -
82.19%
-42.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
703
168
279
996
2,542
2025
723
499
- -
406
1,464
2026
790
479
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.54
1.24
0.07
5.91
10.84
2025
0.22
0.29
- -
-2.14
-2.11
2026
-1.04
-0.32
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
6.52
2026
- -
- -
- -
- -
- -

Company Description

CEO
Cemil Cahit Yasan
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Kutahya Turkey
IPO Date
Jul 8, 2021
Business
Kütahya Şeker Fabrikası A.Ş. is a Turkey-based agricultural and food processing enterprise primarily engaged in the manufacturing, refining, packaging, and commercial distribution of crystal sugar and agro-industrial by-products. Founded on February 27, 1953, and headquartered in Kütahya, Turkey, the company operates under the ownership umbrella of prominent industrial groups including Kiler Holding and Torunlar Gıda, with its shares publicly listed on the Borsa Istanbul under the ticker symbol KTSKR. The company's core operations center on processing sugar beets sourced through extensive contracted farming programs across the Aegean and Central Anatolian regions, as well as refining raw sugar. Its primary product and service offerings comprise: crystal granulated sugar marketed in various retail and bulk industrial formats; packaged cube sugar designed for consumer and food service channels; refined sugar processed from raw sugar inputs; molasses (melas), utilized as a key raw material in yeast production, industrial alcohol manufacturing, and fermentation industries; fresh and pressed sugar beet pulp (yaş küspe), distributed as nutrient-dense feed to the livestock and dairy farming sectors; and agricultural support services, including the procurement and provision of certified sugar beet seeds, crop nutrients, agricultural credit facilities, and agronomic consulting for regional contracted farmers. In recent corporate and operational developments, Kütahya Şeker Fabrikası A.Ş. has focused on expanding capital flexibility, enhancing energy efficiency, and modernizing plant infrastructure. In July 2026, the company successfully amended its articles of association to raise its registered capital ceiling to TRY 1.38 billion, strengthening its equity foundation for future strategic investments. To mitigate industrial utility expenses and advance its green transition, the company has completed and commissioned on-site solar photovoltaic power plant (GES) installations to generate renewable electricity for its production complex. In addition, the enterprise continues to execute its annual production campaigns, marked by the commencement of its 73rd beet reception and processing campaign, while advancing continuous capital expenditure programs in packaging automation, extraction efficiency, and logistics management across its domestic market.