Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Margun Enerji Uretim Sanayi ve Ticaret AS
Physical assets are 68.3% of total assets, a heavy footprint. Capex is 0.22x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by -0.13x, which is below 1.
Utilities often turn net PP&E at about 0.3x to 1.0x. This name is at 0.10x.
Physical asset ratio
68.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 14.26BpropertyPlantAndEquipmentNetInventoryTRY 47.69MinventoryTotal assetsTRY 20.95BtotalAssetsResult 68.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.10xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueTRY 1.38BtotalRevenueNet PP&ETRY 14.26BpropertyPlantAndEquipmentNetResult 0.10x
Revenue per dollar of the physical asset base.
Capex / D&A
0.22xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexTRY 96.81McapitalExpendituresD&ATRY 432.26MreconciledDepreciationResult 0.22x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
TRY 4.37Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 20.95BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 65.90MintangibleAssetsLiabilitiesTRY 8.00BtotalLiabTangible bookTRY 12.88BShares2,950,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 4.37
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.97xPrice / tangible bookPrice / tangible book per sharePriceTRY 4.25Latest quoteTangible book / shareTRY 4.372025-12-31Result 0.97x
Price TRY 4.25.
Fixed-charge coverage
-0.13xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-TRY 293.85MebitdaCapexTRY 96.81McapitalExpendituresInterestTRY 610.91MinterestExpenseShort-term debtTRY 2.37BshortLongTermDebtEBITDA − capex-TRY 390.66MPrincipal due is the current portion of debt.Result -0.13x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
5.5%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowTRY 690.22MfreeCashFlowMarket capTRY 12.54BMarketCapitalizationResult 5.5%
Latest free cash flow divided by current market cap (TRY 12.54B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 74.29MoperatingIncomeTax expenseTRY 278.93MtaxProvisionPretax income-TRY 1.34BincomeBeforeTaxTax rate—EquityTRY 12.92BtotalStockholderEquityDebtTRY 4.37BlongTermDebt + shortLongTermDebtCashTRY 417.85McashInvested capitalTRY 16.88BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.01x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | —Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventoryTRY 0.00inventoryTotal assetsTRY 204.84MtotalAssetsResult — | —Fixed asset turnover · 2018-12-31Revenue / net PP&ERevenueTRY 14.07MtotalRevenueNet PP&E—Not reportedResult — | 0.03xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexTRY 55.00KcapitalExpendituresD&ATRY 2.12MreconciledDepreciationResult 0.03x | TRY 0.14Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 204.84MtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 0.00Not reported, treated as 0LiabilitiesTRY 146.58MtotalLiabTangible bookTRY 58.26MShares410,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result TRY 0.14 | 0.96xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 22.26MebitdaCapexTRY 55.00KcapitalExpendituresInterestTRY 9.18MinterestExpenseShort-term debtTRY 14.06MshortLongTermDebtEBITDA − capexTRY 22.20MPrincipal due is the current portion of debt.Result 0.96x | -TRY 149.57MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-TRY 149.52MtotalCashFromOperatingActivitiesCapexTRY 55.00KcapitalExpendituresFree cash flow-TRY 149.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -TRY 149.57M | 4.9%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 9.69MoperatingIncomeTax expenseTRY 3.16MtaxProvisionPretax incomeTRY 10.96MincomeBeforeTaxTax rate28.9%EquityTRY 58.26MtotalStockholderEquityDebtTRY 82.01MlongTermDebt + shortLongTermDebtCashTRY 90.98KcashInvested capitalTRY 140.18MResult 4.9% | —EBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeTRY 9.69MoperatingIncomeNet PP&E—Not reportedResult — |
| 2019 | 95.0%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 470.46MpropertyPlantAndEquipmentNetInventoryTRY 0.00inventoryTotal assetsTRY 495.48MtotalAssetsResult 95.0% | 0.05xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueTRY 23.76MtotalRevenueNet PP&ETRY 470.46MpropertyPlantAndEquipmentNetResult 0.05x | 2.96xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexTRY 18.17McapitalExpendituresD&ATRY 6.15MreconciledDepreciationResult 2.96x | TRY 0.44Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 495.48MtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 0.00Not reported, treated as 0LiabilitiesTRY 313.29MtotalLiabTangible bookTRY 182.19MShares410,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result TRY 0.44 | 1.29xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 89.77MebitdaCapexTRY 18.17McapitalExpendituresInterestTRY 22.53MinterestExpenseShort-term debtTRY 32.86MshortLongTermDebtEBITDA − capexTRY 71.59MPrincipal due is the current portion of debt.Result 1.29x | -TRY 128.02MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-TRY 109.84MtotalCashFromOperatingActivitiesCapexTRY 18.17McapitalExpendituresFree cash flow-TRY 128.02MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -TRY 128.02M | 0.6%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 2.15MoperatingIncomeTax expense-TRY 4.49MtaxProvisionPretax incomeTRY 61.09MincomeBeforeTaxTax rate0.0%EquityTRY 182.19MtotalStockholderEquityDebtTRY 174.83MlongTermDebt + shortLongTermDebtCashTRY 17.13McashInvested capitalTRY 339.89MResult 0.6% | 0.00xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeTRY 2.15MoperatingIncomeNet PP&ETRY 470.46MpropertyPlantAndEquipmentNetResult 0.00x |
| 2020 | 87.6%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 967.10MpropertyPlantEquipmentInventoryTRY 1.89MinventoryTotal assetsTRY 1.11BtotalAssetsResult 87.6% | 0.09xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueTRY 89.18MtotalRevenueNet PP&ETRY 967.10MpropertyPlantEquipmentResult 0.09x | 0.57xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexTRY 6.63McapitalExpendituresD&ATRY 11.64MreconciledDepreciationResult 0.57x | TRY 1.14Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 1.11BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 158.17KintangibleAssetsLiabilitiesTRY 639.32MtotalLiabTangible bookTRY 466.85MShares410,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 1.14 | 0.96xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 169.12MebitdaCapexTRY 6.63McapitalExpendituresInterestTRY 88.42MinterestExpenseShort-term debtTRY 81.09MshortLongTermDebtEBITDA − capexTRY 162.49MPrincipal due is the current portion of debt.Result 0.96x | -TRY 224.56MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-TRY 217.93MtotalCashFromOperatingActivitiesCapexTRY 6.63McapitalExpendituresFree cash flow-TRY 224.56MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -TRY 224.56M | 7.9%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 60.29MoperatingIncomeTax expense-TRY 7.97MincomeTaxExpensePretax incomeTRY 69.07MincomeBeforeTaxTax rate0.0%EquityTRY 467.00MtotalStockholderEquityDebtTRY 390.81MlongTermDebt + shortLongTermDebtCashTRY 97.56McashInvested capitalTRY 760.26MResult 7.9% | 0.06xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeTRY 60.29MoperatingIncomeNet PP&ETRY 967.10MpropertyPlantEquipmentResult 0.06x |
| 2021 | 78.6%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 4.61BpropertyPlantEquipmentInventoryTRY 2.92MinventoryTotal assetsTRY 5.86BtotalAssetsResult 78.6% | 0.11xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueTRY 508.83MtotalRevenueNet PP&ETRY 4.61BpropertyPlantEquipmentResult 0.11x | 0.42xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexTRY 35.76McapitalExpendituresD&ATRY 86.14MreconciledDepreciationResult 0.42x | TRY 10.50Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 5.86BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 133.88KintangibleAssetsLiabilitiesTRY 1.56BtotalLiabTangible bookTRY 4.30BShares410,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 10.50 | 1.99xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 1.65BebitdaCapexTRY 35.76McapitalExpendituresInterestTRY 549.44MinterestExpenseShort-term debtTRY 262.20MshortLongTermDebtEBITDA − capexTRY 1.62BPrincipal due is the current portion of debt.Result 1.99x | -TRY 940.57MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-TRY 828.26MtotalCashFromOperatingActivitiesCapexTRY 35.76McapitalExpendituresFree cash flow-TRY 940.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -TRY 940.57M | 3.3%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 151.03MoperatingIncomeTax expenseTRY 5.23MincomeTaxExpensePretax incomeTRY 1.02BincomeBeforeTaxTax rate0.5%EquityTRY 4.30BtotalStockholderEquityDebtTRY 1.22BlongTermDebt + shortLongTermDebtCashTRY 901.29McashInvested capitalTRY 4.62BResult 3.3% | 0.03xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeTRY 151.03MoperatingIncomeNet PP&ETRY 4.61BpropertyPlantEquipmentResult 0.03x |
| 2022 | 74.0%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 5.87BpropertyPlantEquipmentInventoryTRY 3.10MinventoryTotal assetsTRY 7.93BtotalAssetsResult 74.0% | 0.11xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueTRY 654.22MtotalRevenueNet PP&ETRY 5.87BpropertyPlantEquipmentResult 0.11x | 0.32xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexTRY 35.76McapitalExpendituresD&ATRY 111.74MreconciledDepreciationResult 0.32x | TRY 14.56Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 7.93BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 181.38KintangibleAssetsLiabilitiesTRY 1.97BtotalLiabTangible bookTRY 5.97BShares410,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 14.56 | 1.52xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 844.55MebitdaCapexTRY 35.76McapitalExpendituresInterestTRY 87.98MinterestExpenseShort-term debtTRY 444.79MshortLongTermDebtEBITDA − capexTRY 808.79MPrincipal due is the current portion of debt.Result 1.52x | TRY 524.25MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowTRY 629.71MtotalCashFromOperatingActivitiesCapexTRY 35.76McapitalExpendituresFree cash flowTRY 524.25MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result TRY 524.25M | 3.5%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 234.83MoperatingIncomeTax expenseTRY 10.71MincomeTaxExpensePretax incomeTRY 644.83MincomeBeforeTaxTax rate1.7%EquityTRY 5.97BtotalStockholderEquityDebtTRY 1.49BlongTermDebt + shortLongTermDebtCashTRY 783.71McashInvested capitalTRY 6.67BResult 3.5% | 0.04xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeTRY 234.83MoperatingIncomeNet PP&ETRY 5.87BpropertyPlantEquipmentResult 0.04x |
| 2023 | 72.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 13.75BpropertyPlantAndEquipmentNetInventoryTRY 66.56MinventoryTotal assetsTRY 19.05BtotalAssetsResult 72.5% | 0.08xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueTRY 1.10BtotalRevenueNet PP&ETRY 13.75BpropertyPlantAndEquipmentNetResult 0.08x | 0.19xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexTRY 55.46McapitalExpendituresD&ATRY 295.22MreconciledDepreciationResult 0.19x | TRY 4.29Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 19.05BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 222.23KintangibleAssetsLiabilitiesTRY 6.39BtotalLiabTangible bookTRY 12.67BShares2,950,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 4.29 | 0.59xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 943.68MebitdaCapexTRY 55.46McapitalExpendituresInterestTRY 327.59MinterestExpenseShort-term debtTRY 1.17BshortLongTermDebtEBITDA − capexTRY 888.22MPrincipal due is the current portion of debt.Result 0.59x | -TRY 494.08MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-TRY 438.62MtotalCashFromOperatingActivitiesCapexTRY 55.46McapitalExpendituresFree cash flow-TRY 494.08MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -TRY 494.08M | 1.3%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 209.41MoperatingIncomeTax expense-TRY 127.93MtaxProvisionPretax incomeTRY 320.86MincomeBeforeTaxTax rate0.0%EquityTRY 12.67BtotalStockholderEquityDebtTRY 3.91BlongTermDebt + shortLongTermDebtCashTRY 372.24McashInvested capitalTRY 16.21BResult 1.3% | 0.02xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeTRY 209.41MoperatingIncomeNet PP&ETRY 13.75BpropertyPlantAndEquipmentNetResult 0.02x |
| 2024 | 61.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 13.57BpropertyPlantAndEquipmentNetInventoryTRY 67.97MinventoryTotal assetsTRY 22.14BtotalAssetsResult 61.6% | 0.11xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueTRY 1.49BtotalRevenueNet PP&ETRY 13.57BpropertyPlantAndEquipmentNetResult 0.11x | 0.21xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexTRY 82.44McapitalExpendituresD&ATRY 391.79MreconciledDepreciationResult 0.21x | TRY 5.15Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 22.14BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 1.03MintangibleAssetsLiabilitiesTRY 6.96BtotalLiabTangible bookTRY 15.19BShares2,950,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 5.15 | 0.08xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDATRY 266.76MebitdaCapexTRY 82.44McapitalExpendituresInterestTRY 483.29MinterestExpenseShort-term debtTRY 1.97BshortLongTermDebtEBITDA − capexTRY 184.31MPrincipal due is the current portion of debt.Result 0.08x | TRY 182.99MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowTRY 265.44MtotalCashFromOperatingActivitiesCapexTRY 82.44McapitalExpendituresFree cash flowTRY 182.99MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result TRY 182.99M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 90.73MoperatingIncomeTax expense-TRY 239.37MtaxProvisionPretax income-TRY 608.33MincomeBeforeTaxTax rate—EquityTRY 15.19BtotalStockholderEquityDebtTRY 4.48BlongTermDebt + shortLongTermDebtCashTRY 150.79McashInvested capitalTRY 19.52BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.01xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeTRY 90.73MoperatingIncomeNet PP&ETRY 13.57BpropertyPlantAndEquipmentNetResult 0.01x |
| 2025 | 68.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ETRY 14.26BpropertyPlantAndEquipmentNetInventoryTRY 47.69MinventoryTotal assetsTRY 20.95BtotalAssetsResult 68.3% | 0.10xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueTRY 1.38BtotalRevenueNet PP&ETRY 14.26BpropertyPlantAndEquipmentNetResult 0.10x | 0.22xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexTRY 96.81McapitalExpendituresD&ATRY 432.26MreconciledDepreciationResult 0.22x | TRY 4.37Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsTRY 20.95BtotalAssetsGoodwillTRY 0.00Not reported, treated as 0IntangiblesTRY 65.90MintangibleAssetsLiabilitiesTRY 8.00BtotalLiabTangible bookTRY 12.88BShares2,950,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result TRY 4.37 | -0.13xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-TRY 293.85MebitdaCapexTRY 96.81McapitalExpendituresInterestTRY 610.91MinterestExpenseShort-term debtTRY 2.37BshortLongTermDebtEBITDA − capex-TRY 390.66MPrincipal due is the current portion of debt.Result -0.13x | TRY 690.22MFree cash flow · 2025-12-31Reported free cash flowOperating cash flowTRY 787.03MtotalCashFromOperatingActivitiesCapexTRY 96.81McapitalExpendituresFree cash flowTRY 690.22MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result TRY 690.22M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeTRY 74.29MoperatingIncomeTax expenseTRY 278.93MtaxProvisionPretax income-TRY 1.34BincomeBeforeTaxTax rate—EquityTRY 12.92BtotalStockholderEquityDebtTRY 4.37BlongTermDebt + shortLongTermDebtCashTRY 417.85McashInvested capitalTRY 16.88BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.01xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeTRY 74.29MoperatingIncomeNet PP&ETRY 14.26BpropertyPlantAndEquipmentNetResult 0.01x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: TRY 14.26B
Inventory: TRY 47.69M
Total assets: TRY 20.95B
Goodwill: TRY 0.00
Intangibles: TRY 65.90M
Liabilities: TRY 8.00B
Tangible book: TRY 12.88B
Shares: 2,950,000,000
Revenue: TRY 1.38B
Capex: TRY 96.81M
D&A: TRY 432.26M
EBITDA: -TRY 293.85M
Interest: TRY 610.91M
Short-term debt: TRY 2.37B
Free cash flow: TRY 690.22M
Operating income: TRY 74.29M
Invested capital: TRY 16.88B
Tax rate: —