Ulusoy Un Sanayi ve Ticaret AS

Ulusoy Un Sanayi ve Ticaret AS

BBIST:ULUUN
6.17
TRY
-0.09
(-1.44%)
0.78EPS
16.19P/E
6.86BMarket 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
0.91
1.23
1.37
1.57
2.47
4.08
4.17
5.79
12.52
52.78
81.29
166.51
89.25
107.66
Basic EPS, GAAP
0.01
0.02
0.01
0.02
0.02
0.03
0.04
0.06
0.19
3.64
-1.33
-0.55
-0.17
0.57
Free Cash Flow per Basic Share
0.12
-0.1
-0.06
-0.04
-0.01
-0.09
-0.14
-0.35
0.17
0.7
-3.95
8.02
0.05
-4.31
Dividend per Share
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
0.67
- -
- -
- -
Book Value per Share
0.12
0.22
0.23
0.24
0.27
0.34
0.37
0.51
0.97
7.97
12.79
18.06
18.28
22.25
Tangible Book Value per Share
0.12
0.22
0.23
0.24
0.27
0.34
0.37
0.51
0.97
5.86
9.84
14.28
14.63
18.03
Basic Weighted Avg Shares
750
750
750
734
732
732
732
750
743
715
704
385
750
748
Sales/Revenue/Turnover
682
922
1,030
1,152
1,806
2,985
3,052
4,345
9,309
37,720
57,262
64,036
66,938
80,573
Operating Margin (%)
4.13
3.77
2.91
6.95
2.44
3.07
3.43
2.91
4.76
5.93
2.83
1.6
2.25
0.75
Depreciation Expense
1
1
2
3
3
3
6
14
11
233
497
860
777
749
Net Income, GAAP
8
14
8
15
17
20
27
43
140
2,602
-937
-211
-131
423
Effective Tax Rate (%)
24.3
19.14
19.18
15.55
14.17
12.83
25.1
1.08
24.95
11.2
- -
- -
- -
- -
Profit Margin (%)
1.18
1.54
0.81
1.28
0.92
0.67
0.88
1
1.5
6.9
-1.64
-0.33
-0.2
0.53
Working Capital
45
121
104
107
182
262
267
366
437
2,315
3,157
2,951
5,869
7,061
LT Debt
2
3
1
10
79
171
199
293
282
1,384
1,935
1,346
5,083
5,442
Total Equity
87
163
170
179
196
243
273
385
728
5,979
10,210
14,825
14,966
18,327
Return on Invested Capital (%)
- -
18.22
15.91
19.85
14.94
37
18.8
19.96
31.91
40.46
- -
- -
- -
- -
Return on Capital (%)
- -
12.68
6.65
8.56
10
10.54
10.29
11.82
15.09
50.59
- -
- -
- -
- -
Return on Common Equity (%)
- -
11.34
4.99
8.47
8.85
9.07
10.45
13.16
25.09
77.61
-12.04
-1.82
-0.96
2.95

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,878
4,112
4,679
LT Borrowings
5,061
5,090
5,412
LT Finance Leases
23
32
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
750
750
750
Market Capitalization
4,883
5,678
6,863

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
28,610
29,838
36,848
Cash, Cash Equivalents & STI
6,223
9,598
12,868
Accounts Receivable, Net
11,418
14,624
15,951
Inventories
2,864
2,129
3,236
Total Current Liabilities
22,741
23,384
29,787
Payables & Accruals
- -
- -
- -
ST Debt
2,878
4,112
4,679
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
101.95%
185.47%
0.95%
Free Cash Flow
37.44%
-162.1%
-98.86%
Net Income, GAAP
194.16%
347.08%
-37.9%
Sales/Revenue/Turnover
66.61%
97.53%
4.53%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,817
14,849
11,630
12,989
64,036
2025
19,534
13,807
14,653
24,068
66,938
2026
19,831
22,021
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
-0.1
-0.28
-0.03
-0.55
2025
-0.17
-0.34
0.07
0.21
-0.17
2026
0.09
0.2
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Full Time Employees
902
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Samsun Turkey
IPO Date
Nov 21, 2014
Business
Ulusoy Un Sanayi ve Ticaret AS is a Turkey-based agribusiness and food manufacturing company engaged in the industrial milling, production, distribution, and international trading of wheat flour, cereal-based foodstuffs, and agricultural commodities. Founded in 1969 and headquartered in Samsun, Turkey, the company operates an integrated supply chain model spanning grain procurement, processing, licensed silo warehousing, and domestic and international commodity merchandising. The company's product and service portfolio comprises: commercial and industrial wheat flours, including bakery flour, bread flour, baguette flour, chapati and flatbread flour, biscuit and pastry flour, pizza flour, noodle flour, whole wheat flour, and rye flour marketed under the U Plus, U Pro, and U Chef brands; retail packaged flours, specialty baking blends, organic flours, and gluten-free products distributed under the Söke brand; durum wheat semolina and processed dry pasta products for retail and food service sectors; agricultural milling by-products, including wheat bran and meal used as livestock feed ingredients; international and domestic physical commodity trading of wheat, barley, corn, oilseeds, and soybeans; and licensed agricultural warehousing, grain elevator operations, and bulk storage logistics services. Ulusoy Un serves industrial bakeries, global food processors, wholesale distributors, retail supermarkets, and institutional clients across Turkey, exporting its manufactured products to more than 90 countries throughout the Middle East, Africa, Asia, and Europe. The company conducts production across milling complexes in Samsun, Çorlu, and Hatay/Antakya, while managing international commodity trading via its Geneva, Switzerland-based subsidiary Rolweg S.A., domestic food trading through Alfaway Gıda Sanayi ve Ticaret A.Ş., and licensed grain storage through Ulidaş Tarım Ürünleri Lisanslı Depoculuk A.Ş. In recent strategic developments, Ulusoy Un has expanded downstream into high-value packaged foods, enlarged its international manufacturing footprint, and invested in energy transition projects. In November 2024, the company acquired an 85% majority stake in Italian pasta manufacturer Pastificio Mediterranea S.r.l. to expand its European production and market reach, complementing investments in a new pasta production plant in Samsun. This follows the acquisition of consumer flour producer Söke Değirmencilik Sanayi ve Ticaret A.Ş., which completed an initial public offering on Borsa Istanbul in 2023 and acquired an equity interest in United States-based Rudi's Organic and Gluten Free Brands Inc. Additionally, Ulusoy Un commissioned an industrial milling plant in Hatay/Antakya, expanded licensed warehousing capacity through Ulidaş with facilities in Germencik and Samsun, commissioned an 11-megawatt solar photovoltaic plant in Konya/Ilgın, and secured an 80 million euro financing facility from the European Bank for Reconstruction and Development to fund further solar and wind power installations across Turkey.