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Turk Altin Isletmeleri A.S.

Turk Altin Isletmeleri A.S.

KOZAL.IS
Turk Altin Isletmeleri A.S.TR flagIstanbul Stock Exchange
52.70
TRY
+1.50
- -
168.73BMarket Cap
Turk Altin Isletmeleri A.S.
KOZAL.IS
(Istanbul Stock Exchange)

Recent

price

52.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.06
0.11
0.15
0.25
0.33
0.29
0.28
0.32
0.3
0.5
0.89
1.01
1.25
3.5
3.66
2.73
4.28
Revenue per Share
0.03
0.05
0.07
0.14
0.19
0.16
0.15
0.12
0.17
0.37
0.55
0.57
0.94
-1.03
0.18
0.19
1.4
Basic EPS, GAAP
- -
0.03
0.06
0.12
0.13
0.04
0.13
0.14
0.08
0.23
0.42
0.31
0.66
0.91
-1.08
-0.39
0.9
Free Cash Flow per Basic Share
0.02
0.02
0.01
0.01
0.03
0.05
0.1
- -
- -
- -
- -
- -
- -
1.55
0.71
- -
- -
Dividend per Share
0.04
0.06
0.13
0.25
0.4
0.5
0.55
0.69
0.84
1.2
1.75
2.32
3.26
6.2
6.47
6.44
9.25
Book Value per Share
0.05
0.07
0.13
0.26
0.42
0.52
0.58
0.73
0.87
1.24
1.79
2.36
3.3
7.24
9.25
9.22
13
Tangible Book Value per Share
3,205
3,205
3,202
3,203
3,202
3,202
3,202
3,202
3,202
3,202
3,202
3,202
3,202
3,202
3,202
3,202
3,202
Basic Weighted Avg Shares
196
342
472
806
1,043
929
886
1,039
968
1,611
2,849
3,250
4,002
11,207
11,705
8,736
13,706
Sales/Revenue/Turnover
50.6
53.63
59.83
65.34
64.93
48.05
51.84
41.81
44.72
50.32
56.81
52.37
44.96
37.55
10.17
1.88
14.2
Operating Margin (%)
31
76
66
76
81
139
142
72
92
84
225
225
219
1,001
1,059
1,254
920
Depreciation Expense
80
147
235
460
618
498
495
395
532
1,174
1,767
1,810
3,004
-3,305
586
604
4,497
Net Income, GAAP
20.64
19.93
18.3
17.72
17.89
4.72
11.25
33.5
18.91
17.67
21.75
23
25.22
- -
- -
36.26
1.25
Effective Tax Rate (%)
40.93
42.88
49.88
57.15
59.25
53.58
55.86
38.04
54.97
72.88
62.03
55.71
75.06
-29.49
5.01
6.91
32.81
Profit Margin (%)
23
67
192
540
951
1,025
1,225
1,655
2,022
2,989
4,411
5,794
8,274
16,396
13,876
12,534
18,236
Working Capital
38
29
18
7
- -
- -
- -
- -
- -
- -
1
9
29
25
9
1
1
LT Debt
153
231
439
859
1,365
1,693
1,869
2,349
2,815
3,988
5,758
7,564
10,568
23,273
29,770
29,572
41,646
Total Equity
47.24
60.87
59.97
61.51
48.01
27.57
22.72
13.65
13.7
19.78
25.84
19.45
14.47
- -
- -
0.35
5.53
Return on Invested Capital (%)
57.29
72.87
72.89
76.35
59.41
34.6
32.59
20.12
21.79
35.99
37.33
27.72
33.53
- -
- -
2.9
18.28
Return on Capital (%)
67.97
90.48
75.19
74.86
59.13
34.46
29.52
19.96
21.79
35.98
37.34
27.76
33.65
-21.82
2.89
2.92
18.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
3
2
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,202
3,202
3,202
Market Capitalization
92,727
76,844
80,750

Working Capital

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
16,958
18,185
21,363
Cash, Cash Equivalents & STI
13,724
14,873
18,333
Accounts Receivable, Net
2
2
1
Inventories
1,597
1,868
1,327
Total Current Liabilities
2,101
2,225
3,128
Payables & Accruals
- -
- -
- -
ST Debt
3
2
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.05%
43.71%
-0.67%
Free Cash Flow
29.88%
-32.03%
-63.35%
Net Income, GAAP
-7.13%
-51.27%
3.02%
Sales/Revenue/Turnover
34.54%
39.26%
-25.37%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2,834
2,530
3,239
3,006
11,705
2024
4,046
2,819
2,477
1,145
8,736
2025
4,220
2,752
5,589
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.11
0.35
-0.67
- -
0.18
2024
-0.08
-0.02
0.32
- -
0.19
2025
0.16
0.36
0.86
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.71
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Turk Altin Isletmeleri A.S., formerly Koza Altin Isletmeleri A.S., explores for, develops, and operates gold mines in Turkey. The company owns and operates seven mines, including Ovacik-Bergama-Izmir, Cukuralan-Izmir, Kaymaz-Eskisehir, Mastra-Gumushane, Himmetdede-Kayseri, Coraklitepe-Izmir, and others in the Aegean and East Anatolian regions; it processes ore using tank leach methods with ball and rod mills at facilities such as Ovacik and Kaymaz plants to produce gold bullion. Founded in 1989 and headquartered in Ankara at Ugur Mumcu Mahallesi, Fatih Sultan Mehmet Bulvari, Istanbul Yolu 10. Km No:310, the company focuses on sustainable gold mining with high environmental performance, targeting corporate customers and contributing to the Turkish economy through domestic operations. In November 2025, the company changed its name to Turk Altin Isletmeleri A.S., with corresponding updates to trading codes on Borsa Istanbul; it maintains its position as a key player in Turkey's gold sector under parent Türk Altın Holding A.S., formerly Koza İpek Holding, amid ongoing production expansions.