TAB Gida Sanayi ve Ticaret A.S.

TAB Gida Sanayi ve Ticaret A.S.

BBIST:TABGD
191.30
TRY
-4.70
(-2.40%)
59.00BMarket Cap
Nov 11Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.29
14.67
63.58
121.44
160.35
182.31
- -
Basic EPS, GAAP
-1.19
-0.5
7.09
14.93
9.58
10.06
- -
Free Cash Flow per Basic Share
1.58
1.47
8.21
11.5
9.24
16.37
9.31
Dividend per Share
- -
- -
- -
- -
0.85
4.07
-0.55
Book Value per Share
-1.42
-0.49
12.38
53.49
79.36
85.26
102.21
Tangible Book Value per Share
-1.77
-0.86
10.31
50.26
74.58
80.28
96.44
Basic Weighted Avg Shares
261
261
261
238
261
261
261
Sales/Revenue/Turnover
2,167
3,834
16,612
28,858
41,897
47,637
- -
Operating Margin (%)
-2.9
6.94
2.2
8.78
9.77
8.15
- -
Depreciation Expense
14
19
2,023
3,528
5,179
5,665
6,166
Net Income, GAAP
-310
-130
1,853
3,549
2,502
2,628
- -
Effective Tax Rate (%)
- -
- -
6.16
9.26
33.56
35.09
- -
Profit Margin (%)
-14.31
-3.4
11.16
12.3
5.97
5.52
- -
Working Capital
-1,018
-1,109
-3,205
3,761
5,337
4,499
5,222
LT Debt
716
1,035
2,396
1,939
2,962
3,969
4,605
Total Equity
-371
-128
3,236
13,976
20,737
22,278
26,708
Return on Invested Capital (%)
- -
- -
11.56
17.5
11.28
8.14
- -
Return on Capital (%)
- -
- -
49.94
33.76
13.7
12.15
- -
Return on Common Equity (%)
- -
- -
- -
41.23
14.42
12.22
- -

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,450
2,720
2,951
LT Borrowings
- -
- -
- -
LT Finance Leases
3,969
4,189
4,605
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
261
261
261
Market Capitalization
54,636
63,024
59,000

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,728
13,963
14,584
Cash, Cash Equivalents & STI
6,465
6,699
5,734
Accounts Receivable, Net
2,504
2,836
3,273
Inventories
625
713
861
Total Current Liabilities
8,228
8,938
9,361
Payables & Accruals
- -
- -
- -
ST Debt
2,450
2,720
2,951
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-462.57%
7.43%
Free Cash Flow
- -
108.68%
77.22%
Net Income, GAAP
- -
-302.27%
5.02%
Sales/Revenue/Turnover
- -
108.56%
13.7%
Total Cash Common Dividend
- -
- -
378.63%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,833
10,167
10,684
9,097
41,897
2025
11,404
14,682
- -
13,459
47,637
2026
13,150
16,243
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
3.97
2.75
1.45
9.58
2025
1.55
5.74
- -
0.43
10.06
2026
0.86
5.79
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.85
2025
- -
- -
-0.74
0.19
4.07
2026
- -
- -
- -
- -
- -

Company Description

Sector
Consumer services
Industry
Restaurants
Address
Istanbul Turkey
IPO Date
Oct 26, 2023
Business
TAB Gida Sanayi ve Ticaret A.S. is a Turkey-based quick-service restaurant operator that manages, develops, and franchises a multi-brand portfolio of international and proprietary fast-food concepts. Founded in 1994 and headquartered in Istanbul, Turkey, the company operates as a key subsidiary of TFI TAB Food Investments. TAB Gida offers an extensive selection of food and beverage products and restaurant services across multiple categories, including flame-grilled beef and chicken burgers, french fries, onion rings, chicken tenders, and carbonated beverages through Burger King; Louisiana-style fried chicken, spicy tenders, chicken sandwiches, biscuits, and cajun sides through Popeyes; artisanal New York-style pizzas, pasta dishes, strombolis, and garlic breads through Sbarro; slow-roasted beef sandwiches, curly fries, chicken sandwiches, and specialty milkshakes through Arby's; customizable submarine sandwiches, wraps, salads, cookies, and breakfast items through Subway; traditional Turkish spit-roasted beef and chicken döner, meat wraps, iskender plates, and ayran yogurt drinks through its proprietary Usta Dönerci brand; and stone-oven baked flatbreads, minced meat and cheese pides, soups, and traditional desserts through its proprietary Usta Pideci brand. The company serves mass-market retail consumers across Turkey, Northern Cyprus, North Macedonia, and Georgia through dine-in restaurants, takeaway counters, drive-thru facilities, third-party delivery aggregators, and its proprietary digital ordering and loyalty platform, Tikla Gelsin. In recent developments, TAB Gida completed a landmark initial public offering on Borsa Istanbul in October 2023 under the ticker TABGD, setting records for market participation in Turkish equity capital markets. Over the past two years, the company has actively integrated and expanded the Subway master franchise network across Turkey, surpassed 1,600 total restaurant locations, upgraded its digital omnichannel capabilities with personalized loyalty programs on Tikla Gelsin, and invested in supply chain infrastructure, kitchen automation, and rooftop solar energy installations across its logistics facilities to drive cost efficiencies and environmental sustainability.