Golden Bazaar company screen
MERIT
Merit Turizm
Latest period read
Golden Bazaar2026/3
Income statement46.7M TRYRevenue
Margin read46.0M TRYGross profit
Operating strength15.9M TRYOperating profit
Cash-profit proxy44.4M TRYFAVÖK
Debt loadN/ANet debt
Balance-sheet riskN/AFinancial debt
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GOLDEN BAZAARBIST Company Financial Report
MERIT
Merit Turizm
Total assets19.1B TRY
Equity19.0B TRY
F/K6.78
PD/DD0.30
Net profit27.9M TRY
Company information
Legal nameMerit Turizm Yatırım ve İşletme A.Ş.
SectorTurizm / otel işletmeciliği
MarketBIST 500
Cityİstanbul
Foundation / registry date1988-10-07
IPO date07 Oct 2021
First trading date07 Oct 2021
Websitehttps://www.meritturizm.com
Return intelligence
Processed date: 02 Jun 20261M TRY+2.87%
1Y TRY+45.38%
SAME SECTOR COMPARISON
Market date: 02 Jun 2026Same sector peers
Comparison basis: Accounting group / Turizm / otel işletmeciliğiPeer universe: 1With market data: 1
Swipe horizontally to see the full peer table.
Period ratio matrix
Margin, liquidity, and profitability heatmap
Green marks stronger readings; red marks weak or riskier readings. A full historical valuation multiple matrix needs market cap and enterprise value for each period.
| Ratio | 2024/12 | 2025/6 | 2025/9 | 2025/12 | 2026/3 |
|---|---|---|---|---|---|
| Gross profit marginGross profit divided by revenue. | +93.6% | +96.0% | +95.6% | +96.2% | +98.6% |
| EBITDA marginEBITDA divided by revenue. | +551.7% | +168.7% | +226.1% | +316.9% | +95.1% |
| Net profit marginNet period profit divided by revenue. | +237.5% | +146.8% | +211.2% | +232.4% | +59.8% |
| Operating profit marginOperating profit divided by revenue. | +60.6% | +22.2% | +51.8% | +61.9% | +34.1% |
| Current ratioCurrent assets divided by current liabilities. | 3.05 | 13.34 | 2.28 | 3.14 | 7.94 |
| Leverage ratioTotal liabilities divided by total assets. | +0.2% | +0.2% | +0.3% | +0.4% | +0.2% |
| Return on equityNet period profit divided by equity. | +3.7% | +1.0% | +2.6% | +4.4% | +0.1% |
| Return on assetsNet period profit divided by total assets. | +3.6% | +1.0% | +2.6% | +4.4% | +0.1% |
| Debt / equityTotal liabilities divided by equity. | +0.2% | +0.2% | +0.3% | +0.4% | +0.2% |
Balance periods
All Balance Sheets
Current assets, non-current assets, liabilities, and equity are shown together by reporting period.
| Line item | 2026/3 | 2025/12 | 2025/9 | 2025/6 | 2025/3 | 2024/12 | 2024/9 | 2024/6 | 2024/3 |
|---|---|---|---|---|---|---|---|---|---|
| Current assets | 134.9M | 166.5M | 77.5M | 241.2M | 58.2M | 55.9M | 35.1M | 38.0M | 38.1M |
| Non-current assets | 18.9B | 17.2B | 15.6B | 11.3B | 10.7B | 9.7B | 9.5B | 8.8B | 8.0B |
| Total assets | 19.1B | 17.3B | 15.7B | 11.5B | 10.8B | 9.8B | 9.5B | 8.8B | 8.0B |
| Current liabilities | 17.0M | 52.9M | 34.0M | 18.1M | 13.7M | 18.3M | 25.4M | 12.6M | 25.3M |
| Non-current liabilities | 12.5M | 10.9M | 6.9M | 6.1M | 5.8M | 4.3M | 24.1M | 31.4M | 11.6M |
| Total liabilities | 29.5M | 63.8M | 40.9M | 24.2M | 19.5M | 22.6M | 49.5M | 44.1M | 36.9M |
| Equity | 19.0B | 17.3B | 15.7B | 11.5B | 10.8B | 9.8B | 9.5B | 8.8B | 8.0B |
| Net debt | — | — | — | — | — | — | — | — | — |
Cash flow periods
Cash Flow Summary
Operating, investing, and financing cash flows are shown by reporting period. Free cash flow is shown when available.
| Line item | 2026/3 | 2025/12 | 2025/9 | 2025/6 |
|---|---|---|---|---|
| Operating cash flow | -772,160 | 238.9M | 92.4M | -8.2M |
| Investing cash flow | 0 | -180.0M | -39.9M | 223.4M |
| Financing cash flow | 0 | -53.6M | -51.4M | -47.8M |
Income statement
Revenue, margin, operating profit, and net profit trend.
5 lines9 periods shown
| Financial line | 2026/3 | 2025/12 | 2025/9 | 2025/6 | 2025/3 | 2024/12 | 2024/9 | 2024/6 | 2024/3 | Last period change |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 27.9M | 755.0M | 414.5M | 112.9M | 17.7M | 357.5M | 251.9M | 173.5M | 85.3M | -96.30% |
| Revenue | 46.7M | 324.8M | 196.3M | 76.9M | 30.2M | 150.5M | 86.2M | 43.8M | 17.4M | -85.62% |
| Gross Profit | 46.0M | 312.4M | 187.7M | 73.8M | 29.7M | 140.9M | 79.4M | 41.3M | 16.5M | -85.26% |
| Operating Profit | 15.9M | 201.0M | 101.6M | 17.0M | 8.1M | 91.2M | 50.9M | 30.2M | 10.4M | -92.08% |
| Cost Of Sales | -675,137 | -12.4M | -8.6M | -3.1M | -462,314 | -9.6M | -6.8M | -2.6M | -892,231 | +94.56% |
Cash flow
Cash movements from operating, investing, and financing activities.
3 lines4 periods shown
| Financial line | 2026/3 | 2025/12 | 2025/9 | 2025/6 | Last period change |
|---|---|---|---|---|---|
| Investing Cash Flow | 0 | -180.0M | -39.9M | 223.4M | +100.00% |
| Operating Cash Flow | -772,160 | 238.9M | 92.4M | -8.2M | -100.32% |
| Financing Cash Flow | 0 | -53.6M | -51.4M | -47.8M | +100.00% |
Financial trends
2024/1264.3M TL
2025/330.2M TL
2025/646.7M TL
2025/9119.4M TL
2025/12128.6M TL
2026/346.7M TL