KIZILBUK GAYRIMENKUL YATIRIM ORTAKLIGI A.S.

KIZILBUK GAYRIMENKUL YATIRIM ORTAKLIGI A.S.

BBIST:KZBGY
1.13
TRY
-0.03
(-2.59%)
0.11EPS
22.23P/E
10.12BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
3.23
0.48
0.49
Basic EPS, GAAP
- -
0.8
-0.68
2.38
0.21
0.11
Free Cash Flow per Basic Share
- -
0.14
0.25
-0.05
0.23
0.4
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.55
2.43
2.75
5.27
5.48
6.39
Tangible Book Value per Share
0.55
2.43
2.75
5.27
5.48
6.38
Basic Weighted Avg Shares
4,000
4,000
4,000
4,000
4,000
4,000
Sales/Revenue/Turnover
- -
- -
- -
12,900
1,934
1,979
Operating Margin (%)
- -
- -
- -
29.96
58.88
41.52
Depreciation Expense
- -
11
8
18
31
47
Net Income, GAAP
- -
3,210
-2,736
9,521
853
455
Effective Tax Rate (%)
- -
- -
- -
24.98
58.61
78.08
Profit Margin (%)
- -
- -
- -
73.81
44.12
23
Working Capital
413
1,354
1,489
3,826
2,847
2,743
LT Debt
2
2
- -
603
1,518
2,012
Total Equity
2,193
9,710
11,007
21,082
21,932
25,541
Return on Invested Capital (%)
- -
44.65
- -
51.69
6.46
2.93
Return on Capital (%)
- -
53.98
- -
57.37
5.75
2.65
Return on Common Equity (%)
- -
53.93
-26.41
59.34
3.97
2.04

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,217
2,526
2,823
LT Borrowings
1,518
1,834
2,004
LT Finance Leases
- -
13
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,000
4,000
4,000
Market Capitalization
13,080
13,320
10,120

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,247
7,396
6,952
Cash, Cash Equivalents & STI
56
264
131
Accounts Receivable, Net
759
790
86
Inventories
3,596
4,442
5,095
Total Current Liabilities
3,399
3,972
4,209
Payables & Accruals
- -
- -
- -
ST Debt
2,217
2,526
2,823
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
4.03%
Free Cash Flow
- -
- -
-534.72%
Net Income, GAAP
- -
- -
-91.04%
Sales/Revenue/Turnover
- -
- -
-85.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
9,855
12,900
2025
801
420
194
701
1,934
2026
487
597
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
1.63
-0.18
0.5
2.38
2025
0.04
0.06
-0.06
0.2
0.21
2026
0.02
-0.04
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Mahmut Sefa Çelik
Full Time Employees
121
Sector
Finance
Industry
Real estate investment trusts
Address
Istanbul Turkey
IPO Date
Aug 12, 2021
Business
Kizilbuk Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust primarily engaged in the development, investment, marketing, and management of thermal tourism, hospitality, and residential properties, with a strategic focus on integrated wellness and fractional ownership vacation resorts. The company operates predominantly through its flagship project, the Sinpas Kizilbuk Thermal Wellness Resort located in Marmaris, Mugla, Turkey; providing fractional ownership and timeshare vacation units structured across various suite sizes and seasonal periods; specialized thermal health and balneotherapy amenities, including indoor and outdoor thermal pools, classical Turkish baths, sauna complexes, thalassotherapy pools, and physical wellness centers; luxury resort hotel accommodation and hospitality management services; integrated leisure and entertainment infrastructure comprising aquaparks, adventure facilities, family entertainment zones, and private marina and beach facilities; commercial retail and gastronomic spaces consisting of shopping promenades, cafes, and fine dining restaurants; as well as ongoing property management, facility maintenance, and real estate portfolio advisory services. Founded in 2020 as part of the Sinpas Group and headquartered in Istanbul, Turkey, the company serves both domestic and international leisure and investment clientele. In recent operational developments, Kizilbuk Gayrimenkul Yatirim Ortakligi A.S. has accelerated construction and delivery milestones across multiple phases of its Marmaris development while expanding direct marketing channels for international vacation ownership sales. The company has also actively managed regulatory compliance, securing updated environmental and municipal zoning approvals in the Mugla region to ensure operational continuity, while optimizing its balance sheet through capital increases and strategic project financing agreements to support ongoing infrastructure rollouts and establish operational partnerships with specialized hospitality and wellness management entities.