Golden Bazaar company screen
THYAO
Turkish Airlines
Latest period read
Golden Bazaar2026/3
Income statement258.0M TRYRevenue
Margin read21.6M TRYGross profit
Operating strength-2.5M TRYOperating profit
Cash-profit proxy58.1B TRYFAVÖK
Debt load742,814 TRYNet debt
Balance-sheet risk813,955 TRYFinancial debt
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GOLDEN BAZAARBIST Company Financial Report
THYAO
Turkish Airlines
Total assets2.2B TRY
Equity966.4M TRY
F/K3.18
PD/DD0.43
Net profit9.9M TRY
Company information
Legal nameTÜRK HAVA YOLLARI A.O.
SectorAirlines
MarketStar Market / BIST 30
CityIstanbul
Foundation / registry date1960-01-30
IPO date10 Dec 1990
First trading date10 Dec 1990
Websitehttps://www.turkishairlines.com
Return intelligence
Processed date: 02 Jun 20261M TRY-2.92%
1Y TRY+12.12%
1M USD-12.52%
1Y USD-13.94%
SAME SECTOR COMPARISON
Market date: 02 Jun 2026Same sector peers
Comparison basis: Accounting group / HavacılıkPeer universe: 2With market data: 2
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 | 2024/6 | 2024/9 | 2024/12 | 2025/6 | 2025/9 | 2025/12 | 2026/3 |
|---|---|---|---|---|---|---|---|
| Gross profit marginGross profit divided by revenue. | +15.6% | +20.4% | +19.2% | +13.8% | +17.2% | +16.3% | +8.4% |
| EBITDA marginEBITDA divided by revenue. | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | Not calculable |
| Net profit marginNet period profit divided by revenue. | +11.3% | +16.1% | +15.2% | +6.1% | +11.7% | +12.4% | +3.8% |
| Operating profit marginOperating profit divided by revenue. | +6.2% | +11.8% | +10.8% | +6.0% | +9.8% | +9.4% | -1.0% |
| Current ratioCurrent assets divided by current liabilities. | 0.94 | 0.97 | 1.01 | 0.92 | 0.98 | 0.99 | 0.97 |
| Leverage ratioTotal liabilities divided by total assets. | +54.8% | +54.3% | +51.4% | +54.5% | +53.0% | +54.4% | +55.2% |
| Return on equityNet period profit divided by equity. | +6.7% | +14.4% | +16.7% | +3.3% | +9.6% | +13.0% | +1.0% |
| Return on assetsNet period profit divided by total assets. | +3.0% | +6.6% | +8.1% | +1.5% | +4.5% | +5.9% | +0.5% |
| Debt / equityTotal liabilities divided by equity. | +121.2% | +118.8% | +105.8% | +119.7% | +112.6% | +119.1% | +123.3% |
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 | 485.6M | 436.4M | 425.7M | 397.1M | 352.7M | 341.9M | 338.9M | 312.0M | 275.6M |
| Non-current assets | 1.7B | 1.6B | 1.4B | 1.3B | 1.2B | 1.1B | 1.0B | 921.8M | 890.4M |
| Total assets | 2.2B | 2.0B | 1.8B | 1.7B | 1.5B | 1.4B | 1.4B | 1.2B | 1.2B |
| Current liabilities | 498.4M | 442.1M | 433.4M | 431.7M | 393.0M | 339.5M | 348.0M | 331.6M | 306.6M |
| Non-current liabilities | 693,301 | 643,413 | 517,094 | 468,803 | 424.5M | 380,061 | 387.0M | 344.5M | 343.9M |
| Total liabilities | 1.2B | 1.1B | 950.5M | 900.5M | 817.5M | 719.6M | 735.0M | 676.1M | 650.5M |
| Equity | 966.4M | 911.3M | 844.0M | 752.1M | 717.4M | 680.0M | 618.7M | 557.8M | 515.5M |
| Net debt | 742,814 | 678,218 | 544,290 | 485,801 | — | 393,947 | — | — | — |
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 | 2025/3 | 2024/12 | 2024/9 | 2024/6 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 43,336 | 185,813 | 140,149 | 107,879 | 34,510 | 156,474 | 158,467 | 83,856 |
| Investing cash flow | -46,257 | -144,669 | -57,499 | -43,961 | -22,792 | 10,003 | -9,995 | -8,535 |
| Financing cash flow | -8,798 | -49,234 | -75,700 | -61,292 | -18,040 | -75,360 | -109,305 | -63,764 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 258.0M | 955.5M | 690.8M | 408.0M | 176.7M | 745.4M | 551.9M | 330.1M | 147.2M | -73.00% |
| Cost Of Sales | -236.4M | -799.9M | -572.1M | -351.9M | -165.0M | -602.5M | -439.6M | -278.7M | -131.1M | +70.45% |
| Gross Profit | 21.6M | 155.6M | 118.7M | 56.1M | 11.7M | 142.9M | 112.3M | 51.4M | 16.1M | -86.14% |
| Net Income | 9.9M | 118.1M | 81.0M | 24.9M | -1.9M | 113.4M | 88.8M | 37.3M | 6.9M | -91.66% |
| Operating Profit | -2.5M | 90.1M | 67.6M | 24.5M | -2.9M | 80.4M | 65.4M | 20.3M | 1.2M | -102.72% |
Cash flow
Cash movements from operating, investing, and financing activities.
3 lines8 periods shown
| Financial line | 2026/3 | 2025/12 | 2025/9 | 2025/6 | 2025/3 | 2024/12 | 2024/9 | 2024/6 | Last period change |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 43,336 | 185,813 | 140,149 | 107,879 | 34,510 | 156,474 | 158,467 | 83,856 | -76.68% |
| Financing Cash Flow | -8,798 | -49,234 | -75,700 | -61,292 | -18,040 | -75,360 | -109,305 | -63,764 | +82.13% |
| Investing Cash Flow | -46,257 | -144,669 | -57,499 | -43,961 | -22,792 | 10,003 | -9,995 | -8,535 | +68.03% |
Financial trends
2024/12193.5M TL
2025/3176.7M TL
2025/6231.3M TL
2025/9282.8M TL
2025/12264.6M TL
2026/3258.0M TL