Netas Telekomunikasyon A.S.

Netas Telekomunikasyon A.S.

BBIST:NETAS
67.00
TRY
-2.00
(-2.90%)
-1.91EPS
4.15BMarket Cap
Netas Telekomunikasyon A.S.
BIST:NETAS
(Istanbul Exchange)

Recent

price

67.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
4.18
5.19
8.48
9.74
11.42
15.56
14.95
17.3
15.79
20.47
26.72
35.4
61.84
107.27
141.45
185.47
232.71
Revenue per Share
0.35
0.28
0.38
0.03
0.18
0.53
0.29
0.83
-1.3
-2.29
-1.1
-10.3
-0.47
1.54
-4.33
-5.39
-2.06
Basic EPS, GAAP
0.48
0.38
-1.27
-2.69
0.6
0.92
-1.19
2.08
-1.37
1.16
3.74
-3.57
-1.32
6.56
7.96
-1.48
9.82
Free Cash Flow per Basic Share
0.69
0.28
0.58
1.1
- -
- -
- -
0.62
1.11
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.38
5.3
4.76
4.46
4.98
6.74
8.47
8.55
9.52
8.26
9.02
0.57
0.21
3.36
0.05
-4.65
-2.53
Book Value per Share
4.37
4.44
3.99
3.36
3.82
5.35
6.84
6.96
7.53
5.32
5.1
-4.77
-6.87
-7.18
-12.05
-18.84
-17.76
Tangible Book Value per Share
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
Basic Weighted Avg Shares
271
337
550
631
741
1,009
970
1,122
1,024
1,328
1,733
2,296
4,012
6,958
9,175
12,030
15,094
Sales/Revenue/Turnover
6.77
6.64
3.81
1.97
2.95
4.16
6.66
6.76
-4.89
-2.44
-0.02
-22.54
1.27
1.62
-0.54
0.53
2.98
Operating Margin (%)
4
5
7
10
16
20
22
26
33
61
77
96
96
111
145
189
194
Depreciation Expense
23
18
24
2
12
34
19
54
-84
-149
-71
-668
-31
100
-281
-350
-134
Net Income, GAAP
- -
15.42
- -
50.77
- -
27.12
17.65
- -
- -
- -
- -
- -
- -
- -
- -
- -
3,349.65
Effective Tax Rate (%)
8.48
5.34
4.43
0.35
1.6
3.4
1.93
4.77
-8.22
-11.19
-4.1
-29.1
-0.76
1.43
-3.06
-2.91
-0.89
Profit Margin (%)
146
123
258
197
190
228
332
339
317
314
106
-559
-816
-1,264
-1,714
-1,851
-2,039
Working Capital
- -
- -
- -
- -
- -
- -
- -
24
- -
226
66
61
65
156
328
862
808
LT Debt
284
344
309
289
323
437
550
555
618
536
586
35
18
223
17
-278
-135
Total Equity
- -
5.77
- -
0.35
- -
2.73
1.97
- -
- -
- -
- -
- -
- -
- -
- -
- -
-547.86
Return on Invested Capital (%)
- -
6.03
- -
1.2
- -
9.15
6.54
- -
- -
- -
- -
- -
- -
- -
- -
- -
-386.2
Return on Capital (%)
8.51
5.72
7.46
0.73
3.87
9.03
3.78
9.69
-14.37
-25.76
-12.69
-214.86
-121.48
86.26
-253.61
- -
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,100
2,386
2,492
LT Borrowings
556
431
499
LT Finance Leases
306
289
309
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
65
65
65
Market Capitalization
3,684
3,976
4,151

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,764
7,344
9,427
Cash, Cash Equivalents & STI
357
394
645
Accounts Receivable, Net
4,339
4,700
5,772
Inventories
720
700
734
Total Current Liabilities
8,615
9,449
11,467
Payables & Accruals
- -
- -
- -
ST Debt
2,100
2,386
2,492
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-76.45%
-159.7%
-1,721.37%
Free Cash Flow
-158.35%
-190.46%
-118.63%
Net Income, GAAP
-13.08%
-7.76%
24.74%
Sales/Revenue/Turnover
30.69%
48.72%
31.12%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,719
2,187
2,451
2,819
9,175
2025
2,122
3,420
2,817
3,672
12,030
2026
3,429
5,177
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.31
-1.66
-1.03
-0.31
-4.33
2025
-1.23
-0.45
-2.34
-1.37
-5.39
2026
-1.18
2.83
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Netas Telekomunikasyon A.S. provides information and communications technology solutions, telecommunications equipment, software development, defense communications technologies, and systems integration services. Founded in 1967 and headquartered in Istanbul, Turkey, the company operates as a subsidiary of ZTE Cooperatief U.A. (ZTE Corporation), with significant minority ownership held by the Turkish Armed Forces Foundation and public investors on Borsa Istanbul. The company serves telecommunications service providers, enterprise corporations, public sector agencies, defense organizations, and financial institutions across Turkey, Central Asia, Eastern Europe, the Middle East, and North Africa. The company operates through integrated business segments that deliver end-to-end technology architectures and hardware-software ecosystems. Its core products and services include telecommunications and network infrastructure, comprising 5G and cellular radio access networks, optical transmission systems, IP/MPLS routing and switching equipment, broadband access platforms, and core network architectures; enterprise solutions and system integration, offering private and hybrid cloud architectures, software-defined enterprise networking, unified communications, server and data center storage systems, and virtualization solutions; cybersecurity and managed IT services, including security operations center management, threat intelligence, perimeter security, identity and access governance, endpoint protection, and outsourced IT infrastructure maintenance; defense and public safety solutions, featuring tactical communication systems, military-grade routers and switches, avionics interface units, naval command-and-control communication systems, and cryptographic secure IP communications; software development and digital transformation offerings, providing custom enterprise software engineering, IoT and smart city platforms, automated energy management, digital banking systems, and automated test and quality assurance services; and hardware manufacturing, involving the domestic production and assembly of optical network terminals, wireless routers, and localized telecommunications hardware. Through its subsidiary BDH Bilisim Destek Hizmetleri, the company also delivers nationwide multi-brand IT support, hardware maintenance, and field repair services. In recent strategic developments, Netas Telekomunikasyon has expanded its localized manufacturing operations in Turkey in collaboration with parent company ZTE Corporation, focusing on the domestic production of Wi-Fi 6 modems, optical transmission hardware, and 5G-ready network devices. The company has secured key network modernization and infrastructure rollout contracts with major national mobile and fixed-line operators, including Turkcell, Turk Telekom, and Vodafone Turkey, to accelerate 5G readiness, fiber broadband expansion, and data center scalability. In the defense sector, Netas has deepened its project integration with leading Turkish defense contractors for proprietary avionics, indigenous communication switches, and naval electronics. In addition, the company has expanded strategic alliances with global technology providers, including Cisco, Microsoft, Dell Technologies, and Fortinet, to bolster its multi-cloud, artificial intelligence, and zero-trust cybersecurity portfolios, while channeling ongoing research and development investments toward Open RAN technologies, private 5G network deployments, and AI-driven predictive analytics for smart transportation and industrial IoT systems.