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    Hotels/Resorts/Cruise lines
Marmaris Altinyunus Turistik Tesisler A.S

Marmaris Altinyunus Turistik Tesisler A.S

BBIST:MAALT
649.50
TRY
-57.50
(-8.13%)
4.29EPS
210.50P/E
7.79BMarket 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
1.17
0.98
1.22
0.43
1.16
0.82
0.89
0.89
0.88
1.7
5.37
7.45
7.16
6.83
Basic EPS, GAAP
0.19
0.53
0.59
0.17
0.44
2.42
3.12
3.03
7.99
-17.94
-7.51
-22.45
4.25
4.29
Free Cash Flow per Basic Share
-0.62
0.64
0.84
0.96
1
12.74
-0.85
-5.38
2.3
-43.72
-50.79
-169.75
-126.62
-126.62
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9.24
9.77
10.36
10.51
10.97
13.49
16.77
19.95
28.33
64.77
376.13
469.82
567.47
567.47
Tangible Book Value per Share
9.24
9.77
10.36
10.51
10.97
13.49
16.77
19.94
28.33
64.74
376.1
444.75
547.74
547.74
Basic Weighted Avg Shares
6
6
6
6
6
6
6
6
6
6
7
7
7
7
Sales/Revenue/Turnover
6
5
7
2
6
5
5
5
5
9
37
52
50
48
Operating Margin (%)
-7.05
18.54
27.73
-104.32
8.06
-6.6
-16.2
1.05
-17.23
-177.94
-28.25
-32.65
-14.67
-14.3
Depreciation Expense
2
2
2
2
2
2
2
2
2
21
29
36
30
30
Net Income, GAAP
1
3
3
1
2
13
17
17
44
-99
-52
-156
30
30
Effective Tax Rate (%)
- -
- -
17.66
13.76
18.83
21.66
21.01
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
15.79
53.96
48.39
39.5
38.15
294.61
351.74
339.6
903.11
-1,058.28
-139.86
-301.14
59.41
62.69
Working Capital
10
15
20
18
22
108
121
111
141
79
1,585
509
1,021
1,021
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
51
54
57
55
58
71
88
105
149
340
2,621
3,273
4,903
4,903
Return on Invested Capital (%)
-1.4
3.09
3.24
-3.68
0.76
-0.29
-0.79
0.05
-0.66
- -
- -
- -
-0.18
-0.17
Return on Capital (%)
2.01
5.59
5.89
1.68
4.32
20.72
21.61
17.31
34.76
- -
- -
- -
0.73
0.73
Return on Common Equity (%)
2.01
5.58
5.89
1.68
4.31
20.72
21.6
17.3
34.73
-40.46
-3.53
-5.31
0.73
0.73

Capital Structure

TRY

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
9
Market Capitalization
5,577
7,991
7,793

Working Capital

TRY

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
392
184
1,326
Cash, Cash Equivalents & STI
360
149
1,289
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
143
368
305
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
98.25%
183.06%
49.79%
Free Cash Flow
-27.24%
-377.7%
-25.41%
Net Income, GAAP
43.24%
-25.56%
-118.96%
Sales/Revenue/Turnover
50.77%
85.15%
-3.92%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2
8
5
3
37
2024
10
11
12
13
52
2025
10
11
12
14
50

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-2.45
4.84
4.67
-7.7
-7.51
2024
-4.05
-11.67
-8.87
3.52
-22.45
2025
-2.55
4.35
0.36
2.13
4.25

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
Full Time Employees
17
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
Antalya Turkey
IPO Date
Aug 28, 1987
Website
mares.com.tr
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Business
Marmaris Altinyunus Turistik Tesisler A.S. is a Turkey-based tourism and hospitality company primarily engaged in the development, ownership, operation, and commercial leasing of hotel and leisure properties. Founded in 1986 and headquartered in Antalya, Turkey, the company operates as a subsidiary of Koc Holding A.S. Marmaris Altinyunus Turistik Tesisler A.S. offers a comprehensive range of hospitality and leisure solutions, comprising upscale and resort hotel accommodations; food and beverage services, including fine-dining restaurants, cafes, bars, and catering; banquet, conference, and convention hosting facilities; health, spa, and wellness treatments; leisure and sports amenities, including private beach facilities, outdoor swimming pools, and water sports; and commercial real estate leasing and hospitality asset management. The company's core asset portfolio centers on Mares Hotel, a beachfront five-star resort complex situated in Marmaris, Mugla, and the Divan Talya Hotel property located in Muratpasa, Antalya. In recent major corporate developments, the company has undertaken a comprehensive multi-billion Turkish Lira redevelopment project to completely reconstruct the Divan Talya Hotel and convention facilities in Antalya into a premier luxury hotel managed under the Divan brand, increasing its investment incentive certificate to approximately TRY 2.7 billion to support enhanced capacity and modern infrastructure. Furthermore, the company restructured its long-term operational lease arrangements for Mares Hotel in Marmaris, completing the transfer and assignment of the facility lease to TatilBudur Seyahat Acenteligi ve Turizm A.S. through 2035, securing upfront assignment consideration and long-term revenue-linked rental income streams.