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    Utilities

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    Gas distributors
Naturelgaz Sanayi Ve Ticaret A.S.

Naturelgaz Sanayi Ve Ticaret A.S.

BBIST:NTGAZ
9.61
TRY
-0.24
(-2.44%)
7.86BMarket Cap
Naturelgaz Sanayi Ve Ticaret A.S.
BIST:NTGAZ
(Istanbul Exchange)

Recent

price

9.61

P/E

ratio

- -

div

yld

-1.24%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
0.36
0.63
0.66
1.04
10.15
8.46
10.87
11.52
- -
Revenue per Share
-0.05
0.04
0.13
0.04
1.61
0.2
0.69
1.31
- -
Basic EPS, GAAP
0.05
0.13
0.09
0.11
0.6
0.67
0.41
0.67
1.16
Free Cash Flow per Basic Share
- -
- -
- -
0.05
0.05
1.04
0.71
0.67
-0.12
Dividend per Share
0.16
0.2
0.34
0.83
3.99
4.91
6.78
7.31
8.7
Book Value per Share
0.15
0.19
0.33
0.83
3.97
4.89
6.76
7.29
8.68
Tangible Book Value per Share
690
690
690
671
690
690
690
690
690
Basic Weighted Avg Shares
250
433
453
696
7,004
5,835
7,501
7,951
- -
Sales/Revenue/Turnover
6.14
15.99
15.1
8.6
19.77
9.45
13.32
15.31
- -
Operating Margin (%)
8
8
28
37
242
471
511
483
466
Depreciation Expense
-32
30
90
26
1,108
139
479
901
- -
Net Income, GAAP
- -
20.77
- -
13.37
9.36
19.98
36.96
38.74
- -
Effective Tax Rate (%)
-12.77
6.88
19.89
3.76
15.82
2.39
6.38
11.33
- -
Profit Margin (%)
-25
-3
-12
76
895
555
593
565
868
Working Capital
73
55
33
16
66
44
252
190
292
LT Debt
109
139
234
575
2,753
3,391
4,677
5,042
5,998
Total Equity
- -
24.11
- -
10.22
70.12
13.66
14.48
13.89
- -
Return on Invested Capital (%)
- -
19.34
- -
7.42
64.94
5.14
11.93
17.82
- -
Return on Capital (%)
- -
24.07
48.41
6.47
66.58
4.54
11.86
18.53
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
154
217
193
LT Borrowings
152
142
131
LT Finance Leases
38
219
160
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
690
690
690
Market Capitalization
7,245
8,087
7,859

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,632
2,419
1,747
Cash, Cash Equivalents & STI
335
1,085
801
Accounts Receivable, Net
1,071
1,097
658
Inventories
82
94
114
Total Current Liabilities
1,067
1,231
879
Payables & Accruals
- -
- -
- -
ST Debt
154
217
193
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
118.69%
7.8%
Free Cash Flow
- -
100.72%
64.4%
Net Income, GAAP
- -
860.76%
88.19%
Sales/Revenue/Turnover
- -
195.44%
5.99%
Total Cash Common Dividend
- -
- -
-6.27%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,899
1,142
1,496
2,064
7,501
2025
2,878
1,759
- -
2,637
7,951
2026
3,055
1,970
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.02
0.09
0.34
0.69
2025
0.67
0.11
- -
0.53
1.31
2026
0.81
0.13
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.05
0.03
0.71
2025
- -
- -
-0.15
0.03
0.67
2026
- -
- -
- -
- -
- -
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Business
Naturelgaz Sanayi ve Ticaret A.S. operates as an off-grid natural gas distribution and energy logistics company in Turkey. A subsidiary of Global Yatirim Holding A.S., the company specializes in the purchase, compression, liquefaction, storage, and overland transport of compressed natural gas (CNG) and liquefied natural gas (LNG) to commercial, industrial, municipal, and transportation customers located outside the reach of the pipeline grid. The company operates through four core business segments: Bulk CNG and LNG, Citygas, Auto CNG, and Well CNG. Its product and service offerings comprise Bulk Industrial CNG and LNG delivered via specialized road tankers and tube trailers for manufacturing plants, asphalt facilities, food processors, power generation stations, and hospitality facilities; Citygas infrastructure and logistics providing transported natural gas supply to regional natural gas distribution companies, municipalities, and isolated townships lacking pipeline access; Auto CNG fueling services and diesel-to-CNG vehicle conversion systems for heavy-duty commercial transport fleets, municipal buses, and waste management vehicles; and Well CNG services providing on-site gas compression and transport solutions for remote, unconnected natural gas extraction wells to feed the national transmission grid. The company maintains an operational footprint spanning Turkey, supported by 13 industrial filling plants, dedicated Auto CNG stations, over 60,000 CNG cylinders, specialized road trailers, and cryogenic LNG storage units. In recent developments, Naturelgaz has advanced its operational decarbonization, fleet capacity, and commercial contract pipeline. The company completed and commissioned an 18.4 MWp (15 MWe) solar photovoltaic power plant in the Bulanik district of Mus, generating renewable electricity to support its internal compression facilities and reduce operating carbon intensity. In commercial operations, Naturelgaz secured major competitive supply contracts, including a 310 million kWh LNG and CNG supply agreement to power 17 processing factories of the General Directorate of Tea Enterprises (CAYKUR). Furthermore, the company has continued to expand its logistics infrastructure through investments in next-generation high-capacity transport containers and expanded cryogenic storage tanks to meet rising demand across industrial and municipal citygas customer segments. Naturelgaz Sanayi ve Ticaret A.S. was founded in 2004, is headquartered in Istanbul, Turkey, and trades on Borsa Istanbul under the ticker NTGAZ.