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    Non-energy minerals

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    Forest products
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS

Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS

BBIST:ORMA
117.10
TRY
-8.80
(-6.99%)
4.89BMarket 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
13.54
20.96
11.31
11.24
11.57
15.67
17.11
18.7
35.19
135.16
170.04
164.11
164.14
- -
Basic EPS, GAAP
-3.46
-2.67
-0.84
-3.03
-1.74
-2.12
-0.73
-1.62
-3.09
24.35
18.41
15.95
-0.79
- -
Free Cash Flow per Basic Share
-4.87
-2.39
-2.34
0.36
0.91
3.01
-0.51
1.44
-16.71
-0.9
10.6
-10.01
7.56
- -
Dividend per Share
0.04
0.05
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.39
7.11
8.35
5.19
5.8
7.4
6.98
13.16
24.89
104.72
189.22
267.04
254.03
298.96
Tangible Book Value per Share
7.39
7.11
8.33
5.18
5.75
7.36
6.96
13.15
24.88
104.37
188.8
266.6
253.73
298.57
Basic Weighted Avg Shares
10
10
22
22
27
27
27
27
27
27
27
27
27
27
Sales/Revenue/Turnover
135
210
248
246
315
426
465
509
957
3,676
4,625
4,464
4,464
- -
Operating Margin (%)
-12.17
-7.69
-0.73
-0.95
8.95
15.09
13.92
15.59
14.19
11.52
9.53
1.59
6.24
- -
Depreciation Expense
18
19
7
12
2
19
22
23
29
91
71
225
233
- -
Net Income, GAAP
-35
-27
-18
-66
-47
-58
-20
-44
-84
662
501
434
-21
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
34.55
- -
116.44
- -
Profit Margin (%)
-25.56
-12.76
-7.43
-26.94
-15.08
-13.51
-4.25
-8.66
-8.77
18.02
10.83
9.72
-0.48
- -
Working Capital
-67
-95
-134
-202
-266
-220
-243
-270
-488
-834
-956
-1,973
-2,141
-2,303
LT Debt
111
96
94
70
64
139
124
141
148
172
178
174
295
540
Total Equity
74
71
183
114
158
201
190
358
677
2,848
5,147
7,264
6,910
8,132
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.49
- -
-0.29
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
15.29
- -
-1.29
- -
Return on Common Equity (%)
- -
-36.87
-14.5
-44.74
-34.96
-32.09
-10.12
-16.08
-16.22
37.58
12.52
6.99
-0.3
- -

Capital Structure

TRY

•

in mil. unless spec.
Jun'24
Dec'24
Jun'26
ST Debt
1,074
2,047
2,691
LT Borrowings
124
157
516
LT Finance Leases
9
18
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
6,204
5,266
4,885

Working Capital

TRY

•

in mil. unless spec.
Jun'24
Dec'24
Jun'26
Total Current Assets
1,199
1,499
2,027
Cash, Cash Equivalents & STI
119
218
50
Accounts Receivable, Net
260
311
825
Inventories
578
674
573
Total Current Liabilities
2,156
3,472
4,330
Payables & Accruals
- -
- -
- -
ST Debt
1,074
2,047
2,691
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
63.82%
105.35%
-4.87%
Free Cash Flow
-317.78%
-602.09%
-175.48%
Net Income, GAAP
-63.12%
-188.27%
-104.94%
Sales/Revenue/Turnover
47.58%
78.93%
0.02%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

TRY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,464
2025
- -
- -
4,464
2026
- -
- -
- -

Semi-annual Earnings Per Share

TRY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
15.95
2025
- -
- -
-0.79
2026
- -
- -
- -

Semi-annual Dividends Per Share

TRY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Neslihan Demirel
Sector
Non-energy minerals
Industry
Forest products
Address
Istanbul Turkey
IPO Date
Oct 23, 2012
Website
orma.com.tr
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Business
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is a Turkey-based integrated forest products manufacturer specializing in the design, fabrication, and marketing of wood-based panel boards, decorative surfaces, and chemical binding agents. Founded in 1970 and headquartered in Istanbul, Turkey, with its primary manufacturing complex located in Isparta, the company operates as a key industrial unit under Gol Yatirim Holding AS alongside affiliated entity Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS. Orma processes roundwood, forestry byproducts, and industrial wood residuals into value-added engineered wood solutions supplied to furniture manufacturers, interior architects, shopfitters, and the broader building construction industry across Turkey and more than 30 export destinations globally. The company's comprehensive product portfolio includes raw particleboard (chipboard) produced across three dedicated manufacturing lines with an aggregate processing capacity of approximately 2,220 cubic meters per day (over 710,000 cubic meters annually); melamine-faced particleboard (MFPB) offered in more than 200 decors and 13 distinct surface textures, including high gloss, ash, woodline, natural wood, textile, and fine sand; moisture-resistant green particleboard engineered specifically for high-humidity environments such as bathroom and kitchen cabinetry; resin-impregnated decorative papers produced through continuous lines with an annual output capacity exceeding 90 million square meters; melamine pressing and coating services with an annual capacity of approximately 4.5 million sheets; and industrial formaldehyde resins utilized in resin formulation and board adhesion. In recent corporate and operational developments, the company achieved full-scale commercial mass production at its newly constructed 53,000-metric-ton-per-year formaldehyde chemical synthesis facility following successful plant commissioning, thereby completing strategic backward vertical integration and reducing external resin dependency. Additionally, Orma has expanded its sustainability governance through the implementation and disclosure of Turkish Sustainability Reporting Standards (TSRS) frameworks, maintained confirmed investment-grade credit ratings from JCR Eurasia Rating, and executed continuous modernization across its pressing and impregnation lines to satisfy stringent low-emission regulatory benchmarks including E1, REACH, and F-Four-Star environmental certifications.