1. Turkey Stocks

  2. •

    Consumer non-durables

  3. •

    Household/Personal care
Viking Kagit ve Seluloz A.S.

Viking Kagit ve Seluloz A.S.

BBIST:VKING
11.60
TRY
-0.81
(-6.53%)
-22.85EPS
1.01BMarket 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
2.82
3.14
3.21
3.62
4.4
5.48
5.33
6.02
8.1
35.05
31.84
25.23
18.1
15.09
Basic EPS, GAAP
-0.75
-0.19
-0.53
-0.35
-0.39
-0.46
-0.8
-0.64
-2.82
0.66
-1.4
-15.13
-23.4
-22.85
Free Cash Flow per Basic Share
-0.75
-0.01
-0.19
0.23
0.21
0.26
-0.97
0.07
-1.4
-3.14
-11.88
-13.38
-8.61
-11.08
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.41
0.42
0.37
0.01
0.85
0.66
0.12
-0.57
0.54
7.61
8.64
1.15
1.43
-3.74
Tangible Book Value per Share
0.4
0.41
0.36
-0.01
0.83
0.64
0.09
-0.59
0.52
7.29
8.38
0.99
1.27
-3.91
Basic Weighted Avg Shares
40
40
41
45
42
42
42
42
42
42
42
42
42
42
Sales/Revenue/Turnover
113
125
133
163
185
230
224
253
340
1,472
1,337
1,060
760
634
Operating Margin (%)
-5.48
0.83
2.02
4.61
2.87
8.77
4
6.96
-0.78
-6.18
-13.86
-20.89
-35.53
-64.46
Depreciation Expense
6
7
8
8
8
7
10
11
12
53
86
108
113
112
Net Income, GAAP
-30
-8
-22
-16
-16
-19
-34
-27
-118
28
-59
-635
-983
-960
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
7.58
- -
- -
- -
- -
Profit Margin (%)
-26.53
-5.99
-16.55
-9.77
-8.78
-8.4
-14.96
-10.59
-34.77
1.89
-4.41
-59.94
-129.28
-151.42
Working Capital
-49
-38
-33
-51
-43
-87
-120
-171
-313
-803
-1,291
-2,261
-2,948
-3,948
LT Debt
46
61
71
61
68
45
48
31
35
13
63
144
331
262
Total Equity
16
17
17
- -
36
28
5
-24
23
320
363
48
60
-157
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-23.99
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
25.3
- -
- -
- -
- -
Return on Common Equity (%)
-157.15
-45.59
-131.9
-188.33
-90.08
-61.04
-206.24
- -
- -
16.27
-17.27
-308.96
-1,815.23
- -

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,527
2,233
2,392
LT Borrowings
330
285
262
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
1,390
1,069
1,008

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
395
375
290
Cash, Cash Equivalents & STI
25
24
25
Accounts Receivable, Net
184
172
132
Inventories
161
145
108
Total Current Liabilities
3,343
3,792
4,238
Payables & Accruals
- -
- -
- -
ST Debt
2,527
2,233
2,392
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1,112.82%
211.47%
24.88%
Free Cash Flow
-256.69%
-353.34%
-35.63%
Net Income, GAAP
98.51%
187.64%
54.71%
Sales/Revenue/Turnover
38.02%
61.83%
-28.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
301
228
241
188
1,060
2025
272
222
186
156
760
2026
180
111
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.74
-3.31
-4.75
-4.68
-15.13
2025
-3.87
-4.56
-6.01
-10.31
-23.4
2026
-3.66
-2.87
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Mehmet Ergun Nalbantoglu
Sector
Consumer non-durables
Industry
Household/Personal care
Address
Izmir Turkey
IPO Date
Oct 24, 1994
Website
viking.com.tr
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Business
Viking Kagit ve Seluloz A.S. is a Turkey-based manufacturer and distributor of tissue paper, hygiene paper products, and cellulose-based specialty papers. Operating as a subsidiary of Yasar Holding, the company manufactures and markets a comprehensive portfolio of consumer and away-from-home (AfH) paper goods. Its core product lines include consumer tissue products such as multi-ply toilet paper, kitchen towels, napkins, facial tissues, and pocket handkerchiefs sold under retail brand names including Premia, Lily, Senso, and Pufla; away-from-home and professional hygiene solutions comprising jumbo toilet rolls, center-pull towels, V-fold and Z-fold dispenser hand towels, examination couch rolls, and industrial wiping rolls marketed under the Select and Viking Professional brands; and semi-finished parent reels and specialty packaging papers supplied to converting and packaging industries. The company also produces eco-friendly and 100% recycled paper lines, notably under its Select Nature brand, utilizing advanced de-inking technology. Viking Kagit ve Seluloz distributes its products across domestic retail and institutional channels, as well as exporting to international markets throughout Europe, the Middle East, Central Asia, and Africa. Founded in 1969 and headquartered in Izmir, Turkey, the company operates integrated manufacturing and converting facilities located in Aliaga, Izmir. In recent operational developments, Viking Kagit ve Seluloz has advanced its modernization and sustainability initiatives by commissioning rooftop solar photovoltaic power systems at its Aliaga production facility to increase renewable energy self-sufficiency and reduce carbon emissions. Additionally, the company has expanded its converting line capacities to meet growing demand for high-value-added and eco-certified tissue goods, broadened its FSC-certified and recycled product portfolio across international export channels, and executed capital structure adjustments, including registered capital ceiling increases, to support long-term operational growth and supply chain efficiency.