Turk Ilac ve Serum Sanayi AS

Turk Ilac ve Serum Sanayi AS

BBIST:TRILC
0.85
TRY
+0.07
(+8.97%)
-0.42EPS
3.67BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.33
0.6
0.94
0.19
0.65
1.58
2.68
2.48
3.31
Basic EPS, GAAP
0.05
0.09
0.08
0.03
0.04
-0.08
0.15
0.07
-0.42
Free Cash Flow per Basic Share
0.19
0.24
0.2
0.02
-0.09
0.11
0.28
-0.51
0.25
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.3
0.39
0.4
0.14
0.31
1.04
1.71
1.86
1.84
Tangible Book Value per Share
0.3
0.38
0.4
0.14
0.31
1.03
1.71
1.85
1.84
Basic Weighted Avg Shares
162
162
162
1,037
1,037
1,037
1,037
1,037
1,035
Sales/Revenue/Turnover
53
97
152
200
673
1,637
2,774
2,568
3,426
Operating Margin (%)
30.12
36.65
29.39
35.81
11.08
6.21
14.56
21.11
19.33
Depreciation Expense
- -
- -
- -
7
8
14
40
9
16
Net Income, GAAP
8
14
13
33
37
-82
153
72
-430
Effective Tax Rate (%)
6.99
0.83
22.91
17.21
20.74
- -
- -
26.45
- -
Profit Margin (%)
15.75
14.79
8.86
16.71
5.52
-4.99
5.5
2.82
-12.56
Working Capital
-7
-5
-19
13
122
224
259
1,014
503
LT Debt
15
18
18
23
14
31
28
915
762
Total Equity
48
62
65
148
324
1,074
1,775
1,924
1,911
Return on Invested Capital (%)
- -
31.69
22.36
24.13
15.03
- -
- -
13.28
- -
Return on Capital (%)
- -
36.96
27.11
29.86
15.68
- -
- -
18.89
- -
Return on Common Equity (%)
- -
26.04
21.11
31.24
15.73
-11.68
10.71
3.91
-23.56

Capital Structure

TRY

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
1,039
1,476
1,985
LT Borrowings
857
798
714
LT Finance Leases
- -
- -
48
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,037
1,037
1,037
Market Capitalization
3,631
3,124
3,670

Working Capital

TRY

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
2,412
2,867
3,676
Cash, Cash Equivalents & STI
15
18
12
Accounts Receivable, Net
1,352
1,277
1,381
Inventories
483
639
774
Total Current Liabilities
1,770
2,460
3,174
Payables & Accruals
- -
- -
- -
ST Debt
1,039
1,476
1,985
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
110.16%
8.39%
Free Cash Flow
- -
-210.08%
-281.01%
Net Income, GAAP
- -
-100.15%
-52.59%
Sales/Revenue/Turnover
- -
94.74%
-7.45%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
623
416
730
877
2,774
2024
480
1,006
630
880
2,568
2025
643
732
1,172
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.06
-0.01
-0.05
0.02
0.15
2024
-0.04
0.12
- -
- -
0.07
2025
-0.29
-0.24
0.12
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

CEO
Yunus Emre Battal
Full Time Employees
709
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Ankara Turkey
IPO Date
Mar 5, 2021
Business
Turk Ilac ve Serum Sanayi AS is a Turkey-based pharmaceutical and healthcare manufacturing company that develops, produces, markets, and distributes sterile parenteral solutions, injectable pharmaceuticals, vaccines, and solid dosage formulations. Founded in 2010 and headquartered in Ankara, Turkey, the company operates an integrated 56,000-square-meter manufacturing complex in Akyurt, Ankara. The company organizes its core product portfolio into several primary categories: intravenous large-volume parenteral solutions under the TURKFLEKS brand, including isotonic sodium chloride, dextrose, balanced electrolyte, and Ringer's lactate infusions; small-volume parenterals, ampoules, and vials, featuring antiemetic injectable solutions such as KEMOTRON, antibiotic formulations like CEPAREN, and injectable anesthetics and analgesics; biological products and vaccines, notably the TETADIF tetanus toxoid vaccine and related immunobiological formulations; hemodialysis and peritoneal dialysis solutions; enteral and parenteral clinical nutrition formulations and amino acid complexes; solid and semi-solid oral pharmaceuticals, encompassing prescription tablets, capsules, ointments, and dermatological creams; and medical devices, chemical raw materials, and veterinary pharmaceuticals. In addition to proprietary manufacturing, the company provides contract manufacturing services, regulatory representation, and commercial agency services for domestic and international pharmaceutical enterprises. Turk Ilac ve Serum Sanayi AS serves public and private hospitals, clinical healthcare providers, and retail pharmacy networks across Turkey, acting as a primary supplier to the Turkish State Supply Office Health Market, while exporting products to international markets across Central Asia, the Middle East, Eastern Europe, and Africa. In recent operational and strategic developments, the company entered into an exclusive commercial partnership with CEO Pharma to manage the marketing and nationwide distribution of its prescription pharmaceutical portfolio across retail pharmacy channels; secured major international export supply contracts, including a multi-million-dollar supply agreement with the Ministry of Health and Medical Industry of Turkmenistan for critical hospital serums and medications; expanded procurement delivery volumes under recurring State Supply Office tenders for its core TURKFLEKS, KEMOTRON, and CEPAREN product lines; initiated plans to establish integrated pharmaceutical production joint ventures across select African markets; and implemented corporate and capital structure adjustments, including registered capital ceiling revisions and operational realignments under formal debt restructuring proceedings.