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    Wholesale distributors
TGS Dis Ticaret AS

TGS Dis Ticaret AS

BBIST:TGSAS
115.70
TRY
-9.60
(-7.66%)
5.24EPS
33.79P/E
2.66BMarket 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
0.34
0.44
0.86
0.62
0.65
1.31
1.74
1.18
1.79
6.83
11.78
13.85
15.76
20.03
Basic EPS, GAAP
0.06
0.15
0.16
0.19
0.15
0.71
0.77
0.21
0.9
0.5
2.27
7.79
6.03
5.24
Free Cash Flow per Basic Share
-1.9
2.87
0.2
0.09
0.65
-0.43
0.6
0.31
-0.19
-0.64
1.65
9.97
-1.62
4.57
Dividend per Share
0.08
- -
- -
- -
- -
0.01
0.1
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.38
1.47
1.67
1.86
2.01
2.73
3.41
3.63
4.47
9.8
12.05
19.75
21.6
27.24
Tangible Book Value per Share
1.38
1.47
1.67
1.86
2.01
2.73
3.41
3.63
4.47
9.8
12.05
19.75
21.6
27.24
Basic Weighted Avg Shares
15
15
15
15
15
15
15
15
15
15
15
15
15
15
Sales/Revenue/Turnover
5
7
13
9
10
20
26
18
27
102
177
208
236
300
Operating Margin (%)
25.61
49.97
30.05
55.31
46
60.72
55.89
35.5
55.41
38.64
43.26
68
44.62
55.1
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
2
3
2
Net Income, GAAP
1
2
2
3
2
11
12
3
14
7
34
117
90
79
Effective Tax Rate (%)
22.18
22.06
29.46
18.14
27.82
11.7
19.13
37.15
25.34
75.54
37.66
16.89
9.15
7.36
Profit Margin (%)
17.26
34.58
18.44
30.47
22.72
54.2
44.27
18.11
50.3
7.31
19.29
56.29
38.25
26.19
Working Capital
20
20
21
23
25
35
47
49
62
134
148
243
287
345
LT Debt
- -
2
1
- -
- -
1
- -
- -
1
- -
- -
3
1
11
Total Equity
21
22
24
27
29
40
50
53
67
147
181
296
324
409
Return on Invested Capital (%)
1.86
4.98
8.62
6.32
4.75
32.08
30.51
7.15
26.35
10.47
32.58
54.21
36.85
45.1
Return on Capital (%)
1.66
5.52
9.23
13.9
5.47
29.71
25.6
6.88
22.78
7.15
21.57
50.12
30.76
24.57
Return on Common Equity (%)
4.19
10.76
10.25
11.03
7.78
30.76
25.76
6.23
22.53
7
20.8
49.01
29.15
23.67

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
5
4
LT Borrowings
1
- -
- -
LT Finance Leases
- -
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
2,550
2,361
2,658

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,956
18,581
17,571
Cash, Cash Equivalents & STI
63
84
41
Accounts Receivable, Net
14,302
16,817
15,732
Inventories
321
297
370
Total Current Liabilities
15,669
18,281
17,226
Payables & Accruals
- -
- -
- -
ST Debt
2
5
4
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.89%
48.41%
9.35%
Free Cash Flow
24.77%
20.6%
-116.27%
Net Income, GAAP
116.95%
170.45%
-22.67%
Sales/Revenue/Turnover
51.66%
87.37%
13.8%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32
39
46
70
208
2025
74
58
61
75
236
2026
79
86
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.82
1.49
1.18
2.8
7.79
2025
2.56
-3.74
1.21
2.27
6.03
2026
0.24
1.52
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Engin Nukan
Sector
Distribution services
Industry
Wholesale distributors
Address
Istanbul Turkey
IPO Date
Jun 7, 2012
Website
tgsas.com
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Business
TGS Dis Ticaret AS is a Turkey-based foreign trade capital company engaged in export intermediation, customs facilitation, and international commercial trading services primarily for the textile, apparel, and consumer goods industries. Founded in 1999 and headquartered in Istanbul, Turkey, the company operates under the Foreign Trade Capital Company status, facilitating global trade for domestic manufacturers by managing export logistics, regulatory compliance, and cross-border transactions. TGS Dis Ticaret AS provides a comprehensive suite of foreign trade solutions, including export documentation and supply chain coordination; Value Added Tax (VAT) refund processing and export incentive management; customs clearance administration and regulatory advisory; international market development and trade finance facilitation; and the cross-border wholesale distribution of ready-to-wear apparel, such as knitwear, woven garments, denim, and outerwear; home textiles, yarns, and technical fabrics; leather apparel and footwear; and general manufactured consumer goods. The company primarily serves export markets across the European Union, including Germany, the United Kingdom, Spain, and Italy, as well as North America, the Middle East, and North Africa. In recent developments, TGS Dis Ticaret AS has focused on expanding its client manufacturer network and diversifying export corridors toward North American and Middle Eastern markets to mitigate regional trade volatility. Additionally, the company has implemented digital integration initiatives across its export documentation and VAT reconciliation workflows to accelerate transaction processing, while enhancing advisory frameworks to assist partner manufacturers with European Union sustainability and carbon border compliance standards.