Merko Gida Sanayi ve Ticaret A.S. Class A

Merko Gida Sanayi ve Ticaret A.S. Class A

BBIST:MERKO
0.91
TRY
-0.06
(-6.19%)
-0.08EPS
1.35BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.98
0.64
0.74
0.84
0.98
0.29
- -
0.13
0.21
2.63
2.03
2.55
0.76
0.77
Basic EPS, GAAP
0.09
0.01
-0.06
-0.12
-0.26
-0.07
- -
0.01
- -
-0.68
0.17
0.67
-0.07
-0.08
Free Cash Flow per Basic Share
-0.03
-0.01
-0.03
0.01
0.14
-0.06
- -
-0.09
0.01
-0.57
0.33
0.12
-0.37
-0.4
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.23
0.24
0.26
0.13
0.14
0.09
0.06
0.27
0.46
0.77
1.86
2.61
2.75
2.75
Tangible Book Value per Share
0.23
0.24
0.25
0.13
0.14
0.09
0.06
0.27
0.46
0.57
1.67
2.6
2.74
2.74
Basic Weighted Avg Shares
113
113
113
113
118
229
245
459
535
636
689
747
850
798
Sales/Revenue/Turnover
111
72
83
95
116
67
- -
61
115
1,673
1,396
1,902
650
617
Operating Margin (%)
6.05
4.73
-0.04
-5.03
-13.92
-27.14
- -
10.32
9.54
14.62
29.76
-0.79
-0.21
-3.98
Depreciation Expense
2
2
2
3
4
4
- -
5
6
25
51
55
74
74
Net Income, GAAP
10
1
-6
-14
-31
-16
- -
6
2
-433
116
500
-57
-62
Effective Tax Rate (%)
9.47
28.12
- -
- -
- -
- -
- -
- -
- -
- -
43.83
- -
120.99
123.44
Profit Margin (%)
8.85
0.91
-7.52
-14.51
-26.71
-23.56
- -
9.49
1.66
-25.92
8.3
26.28
-8.84
-10.01
Working Capital
10
17
9
-11
-13
-4
-15
38
-10
328
866
95
258
258
LT Debt
- -
5
3
5
4
6
5
- -
- -
95
72
158
61
61
Total Equity
26
27
29
15
32
22
16
145
245
1,288
2,534
1,947
2,335
2,335
Return on Invested Capital (%)
16.43
9.06
- -
- -
- -
- -
- -
- -
- -
- -
11.23
- -
0.56
0.67
Return on Capital (%)
26.82
4.87
- -
- -
- -
- -
- -
- -
- -
- -
5.27
- -
-3.05
-3.44
Return on Common Equity (%)
46.38
2.5
-22.46
-62.71
-132.98
-58.59
- -
7.19
0.98
-115.82
12.25
29.98
-2.68
-2.89

Capital Structure

TRY

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
372
410
376
LT Borrowings
56
27
35
LT Finance Leases
41
33
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
850
850
850
Market Capitalization
1,566
1,978
1,352

Working Capital

TRY

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
1,137
888
716
Cash, Cash Equivalents & STI
305
199
132
Accounts Receivable, Net
116
110
40
Inventories
365
249
174
Total Current Liabilities
603
487
458
Payables & Accruals
- -
- -
- -
ST Debt
372
410
376
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
140.8%
117.75%
19.91%
Free Cash Flow
- -
-1,891.84%
-464.45%
Net Income, GAAP
- -
-4,565.99%
-111.49%
Sales/Revenue/Turnover
- -
279.76%
-65.82%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
283
560
321
147
1,396
2025
427
610
493
- -
1,902
2026
88
198
155
177
650

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.02
0.05
0.04
0.17
2025
-0.01
0.12
-0.07
- -
0.67
2026
-0.03
0.1
0.23
-0.37
-0.07

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Hüsnü Hakan Güner
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Istanbul Turkey
IPO Date
Sep 23, 1994
Business
Merko Gıda Sanayi ve Ticaret A.Ş. is a Turkey-based agribusiness and food processing company primarily engaged in the industrial manufacturing, processing, packaging, and international trade of tomato products and preserved agricultural commodities. The company operates through integrated processing and contract farming operations, supplying food manufacturers, quick-service restaurant chains, retail private labels, and food service operators across global markets. The company's product portfolio is organized into tomato-based products and processed fruit and vegetable offerings, comprising industrial tomato paste in diverse brix concentrations and aseptic bag-in-box and drum packaging; aseptic diced tomatoes; canned whole peeled tomatoes; crushed and chopped canned tomatoes; tomato puree and passata; concentrated tomato juice; and individually quick frozen (IQF) fruits and vegetables, including green peas, peppers, broccoli, spinach, sweet corn, strawberries, cherries, and plums. Merko Gıda also provides contract agriculture coordination, specialized private-label packing, cold chain storage, and customized ingredient formulations tailored for global food manufacturing applications. Headquartered in Istanbul, Turkey, with core manufacturing and canning operations situated in its consolidated processing complex in Tepecik (Mustafakemalpaşa, Bursa), the company also maintains regional facilities and storage assets across Yalova and Karamürsel. Merko Gıda serves both the domestic Turkish food industry and international export destinations throughout Europe, North America, the Middle East, and the Asia-Pacific region, including Germany, the United Kingdom, France, the Netherlands, Italy, Switzerland, the United States, and Japan. Founded in 1982 and publicly traded on Borsa Istanbul under the ticker MERKO, the company operates under the ownership and strategic backing of AG Girişim Holding A.Ş. In recent developments, Merko Gıda has executed strategic portfolio adjustments and operational modernizations to optimize its core processing assets. The company completed a phased reduction of its equity interest in preserved food manufacturer Frigo-Pak Gıda Maddeleri Sanayi ve Ticaret A.Ş. to redeploy capital into high-margin product capabilities and capacity enhancements at its primary Tepecik plant, notably expanding diced and peeled tomato processing lines and integrating advanced freeze-dry technologies. In parallel, controlling shareholder AG Girişim Holding A.Ş. augmented its equity stake through open-market share acquisitions on Borsa Istanbul, reinforcing the group's capitalization. Furthermore, Merko Gıda strengthened its international market footprint through new distribution partnerships focused on Asian markets, particularly Japan, while bolstering its corporate equity structure through a bonus share capital increase.