Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S.

Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S.

BBIST:PKART
68.75
TRY
-5.75
(-7.72%)
4.54EPS
29.14P/E
3.01BMarket 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
2.79
2.56
3.24
3.65
5.52
7.42
8.93
11.45
14.99
47.35
78.79
111.65
100.45
115.5
Basic EPS, GAAP
0.09
0.01
0.09
0.16
0.17
0.23
0.37
0.32
0.82
-1.8
-0.05
3.5
3.03
4.54
Free Cash Flow per Basic Share
-0.04
-0.08
0.22
0.13
-0.8
0.97
0.36
-0.04
1.44
-1.24
12.61
-10.6
0.76
5.23
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.42
1.43
1.51
1.65
1.81
2.04
2.55
2.86
3.63
8.07
13.08
20.16
21.19
26.58
Tangible Book Value per Share
1.42
1.42
1.5
1.6
1.78
2.01
2.53
2.84
3.63
8.02
12.95
19.96
21.09
26.5
Basic Weighted Avg Shares
23
23
23
23
23
23
23
23
23
23
23
23
23
23
Sales/Revenue/Turnover
64
58
74
83
125
169
203
261
341
1,077
1,792
2,540
2,285
2,616
Operating Margin (%)
3.96
-0.27
2.22
5.09
3.6
5.5
4.44
4.37
8.91
6.04
6.04
4.59
6.95
8.82
Depreciation Expense
1
1
1
2
2
2
2
2
2
9
19
41
37
42
Net Income, GAAP
2
- -
2
4
4
5
8
7
19
-41
-1
80
69
103
Effective Tax Rate (%)
23.88
33.63
20.2
16.44
20.62
22.21
22.59
23.09
25.81
- -
- -
34.08
37.66
43.82
Profit Margin (%)
3.28
0.26
2.7
4.33
3.03
3.07
4.13
2.82
5.44
-3.81
-0.07
3.13
3.01
3.93
Working Capital
24
24
25
28
32
37
43
50
63
101
65
138
231
337
LT Debt
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
Total Equity
32
33
34
38
41
46
58
65
83
183
297
459
482
605
Return on Invested Capital (%)
6.45
-0.36
6.05
10.54
8.74
10.62
15.54
12.31
25.35
- -
- -
18.92
12.85
21.22
Return on Capital (%)
6.41
0.52
5.94
9.99
8.9
11.04
15.72
11.7
26.48
- -
- -
21.06
14.65
20.31
Return on Common Equity (%)
6.68
0.48
5.95
10
9.66
11.81
16.07
11.93
25.14
-30.81
-0.49
21.06
14.65
20.31

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
1,669
1,724
3,012

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
535
556
550
Cash, Cash Equivalents & STI
73
62
127
Accounts Receivable, Net
331
337
272
Inventories
84
87
85
Total Current Liabilities
304
270
212
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
33.95%
54.12%
5.14%
Free Cash Flow
-617.21%
-1,008.79%
-107.15%
Net Income, GAAP
-695.51%
-1,425.48%
-13.46%
Sales/Revenue/Turnover
49.19%
68.96%
-10.04%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
599
615
604
-1,459,884
2,540
2025
443
611
356
1,046
2,285
2026
704
510
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.37
0.92
0.67
-2,411.04
3.5
2025
-0.06
0.08
-0.2
3.21
3.03
2026
0.78
0.72
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Özlem Akkaya
Sector
Commercial services
Industry
Commercial printing/Forms
Address
Istanbul Turkey
IPO Date
Aug 19, 2004
Business
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. is a Turkey-based digital security and smart card manufacturing company that designs, produces, personalizes, and distributes secure card systems and related technology solutions. Founded in 2000 and headquartered in Istanbul, Turkey, the company operates a specialized, high-security 9,000-square-meter production facility in Silivri and is majority-owned by Gemalto B.V., a subsidiary of Thales Group. The company operates across the digital identity, telecommunications, financial technology, and secure transactions sectors. Its core product and service portfolio includes payment and banking cards; contact, contactless, and dual-interface EMV-compliant debit, credit, and prepaid cards certified by Visa and Mastercard; telecommunications subscriber identity module (SIM) cards and USIM cards; government and national identity credentials, including electronic identity cards, e-government access cards, driver licenses, and digital authentication badges; public transit and contactless fare collection cards; Public Key Infrastructure (PKI) security cards, smart card readers, and cryptographic authentication tokens; utility metering cards; and commercial loyalty and private-label gift cards. In addition to physical card manufacturing, Plastikkart provides comprehensive card lifecycle management and technical services; including secure chip embedding and card body milling; micro-printing and high-security offset printing; card personalization and magnetic stripe/chip encoding; PIN generation, packaging, and secure direct-to-consumer or branch fulfillment; cryptographic key management and secure data processing; server hosting and database storage services; and smart card architecture consulting and technical training. Plastikkart serves a diverse client base comprising commercial and retail banks, payment service providers, mobile network operators, government agencies, municipal transit authorities, utility providers, and corporate enterprises across Turkey and select export markets in Europe, the Middle East, and Africa (EMEA). In recent corporate developments, Plastikkart has advanced significant capital and operational restructuring initiatives. In 2026, the company approved a 1,218.68% bonus share capital increase to expand its paid-in capital from TRY 22.75 million to TRY 300.00 million through internal equity resources, subsequently filing for issuance approval with the Capital Markets Board of Turkey (SPK). To optimize its balance sheet and strengthen its financial structure, the company resolved to offset accumulated prior-year losses utilizing positive differences from inflation-adjusted capital equity reserves. Additionally, Plastikkart appointed BDO Denet as its independent auditing firm and continues to modernize its Silivri manufacturing and personalization infrastructure to align with next-generation digital identity solutions and security standards under the technological framework of Thales Group.