Cash flow Bastas Baskent Cimento Sanayi ve Ticaret

Equities

BASCM

TREBASC00013

Delayed Borsa Istanbul Other stock markets 11:09:46 2026-04-10 am EDT			5-day change	1st Jan Change
13.84 ^TRY	+1.17%		+2.14%	+1.24%

Mar. 02	Bastas Baskent Cimento Sanayi ve Ticaret A.S. announces Annual dividend, payable on October 23, 2026	CI
Mar. 02	Bastas Baskent Cimento Sanayi ve Ticaret A.S. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

08d0674541f5d5112957161f.F9LqKDFRrWwJUfcQqC77R7F0BSqa0YWZ-gWSLkX1D1M.I76GTm4CxyBwYMVP_ULDH4Q7N2XQ_OOgn3T7ZjW5PWVemqZ8QwHCCHtlsg

Published financial data: BASTAS BASKENT CIMENTO SANAYI VE TICARET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	905M	2.58B	6.37B	8.42B	11.25B
Total Revenues	905M	2.58B	6.37B	8.42B	11.25B
Cost of Goods Sold, Total	850M	2.11B	5.17B	7.68B	9.49B
Gross Profit	55.17M	467M	1.2B	739M	1.77B
Selling General & Admin Expenses, Total	59.93M	153M	380M	624M	887M
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	-	817K	17.86M	23.45M	26.94M
Other Operating Expenses	-9.02M	-3.35M	-4.33M	-84.51M	-25.11M
Other Operating Expenses, Total	50.91M	151M	394M	563M	889M
Operating Income	4.26M	317M	805M	177M	880M
Interest Expense, Total	-55.42M	-161M	-255M	-472M	-263M
Interest And Investment Income	12.38M	14.85M	60.02M	93.21M	143M
Net Interest Expenses	-43.04M	-146M	-195M	-379M	-120M
Income (Loss) On Equity Invest.	-	220K	28.06M	1.62M	19.82M
Currency Exchange Gains (Loss)	-12.91M	29.74M	-41.38M	-63.98M	-74.06M
Other Non Operating Income (Expenses)	-	-8.08M	-289M	-134M	-215M
EBT, Excl. Unusual Items	-51.69M	193M	307M	-398M	491M
Gain (Loss) On Sale Of Investments	584K	25.99K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	90.96K	2.67M	39.13M	6.34M	5.22M
Legal Settlements	-1.92M	-2.27M	-3.17M	-6.36M	-10.53M
Other Unusual Items	7.45K	524K	1.9M	-14.54K	5.06M
EBT, Incl. Unusual Items	-52.93M	194M	345M	-398M	491M
Income Tax Expense	-9.65M	10.58M	-631M	205M	99.1M
Earnings From Continuing Operations	-43.27M	183M	976M	-603M	392M
Net Income to Company	-43.27M	183M	976M	-603M	392M
Net Income - (IS)	-43.27M	183M	976M	-603M	392M
Net Income to Common Incl Extra Items	-43.27M	183M	976M	-603M	392M
Net Income to Common Excl. Extra Items	-43.27M	183M	976M	-603M	392M
Per Share Items
Net EPS - Basic	-0.33	0.46	1.48	-0.91	0.59
Basic EPS - Continuing Operations	-0.33	0.46	1.48	-0.91	0.59
Basic Weighted Average Shares Outstanding	132M	396M	660M	660M	660M
Net EPS - Diluted	-0.33	0.46	1.48	-0.91	0.59
Diluted EPS - Continuing Operations	-0.33	0.46	1.48	-0.91	0.59
Diluted Weighted Average Shares Outstanding	132M	396M	660M	660M	660M
Normalized Basic EPS	-0.25	0.3	0.29	-0.38	0.47
Normalized Diluted EPS	-0.25	0.3	0.29	-0.38	0.47
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	31.5M	350M	1.02B	478M	1.34B
EBITA	5.18M	317M	807M	184M	897M
EBIT	4.26M	317M	805M	177M	880M
EBITDAR	31.51M	352M	1.02B	497M	1.39B
Effective Tax Rate - (Ratio)	18.24	5.47	-182.7	-51.58	20.18
Current Domestic Taxes	315K	9.33M	93.13M	-3.08M	-
Total Current Taxes	315K	9.33M	93.13M	-3.08M	51.86M
Deferred Domestic Taxes	-9.97M	1.25M	-724M	208M	-
Total Deferred Taxes	-9.97M	1.25M	-724M	208M	47.24M
Normalized Net Income	-32.3M	120M	192M	-249M	307M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	13.01M	20.21M	51.35M	77.01M	108M
Selling and Marketing Expenses	13.01M	20.21M	51.35M	77.01M	108M
General and Administrative Expenses	45.78M	130M	324M	518M	715M
Research And Development Expense From Footnotes	-	817K	17.86M	23.45M	26.94M
Net Rental Expense, Total	11.53K	1.23M	2.53M	18.78M	45.04M
Imputed Operating Lease Interest Expense	15.56K	2.83M	7.48M	184M	417M
Imputed Operating Lease Depreciation	-4.03K	-1.6M	-4.95M	-166M	-372M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	107M	466M	380M	166M	346M
Short Term Investments	-	-	-	984K	984K
Total Cash And Short Term Investments	107M	466M	380M	167M	347M
Accounts Receivable, Total	346M	842M	1.32B	1.71B	2.57B
Other Receivables	106K	2.96M	619K	1M	880K
Total Receivables	346M	845M	1.32B	1.71B	2.57B
Inventory	164M	402M	547M	686M	1B
Prepaid Expenses	40.51K	6.79M	11.67M	6.65M	24.12M
Other Current Assets, Total	54.91M	63.43M	48.49M	48.05M	102M
Total Current Assets	672M	1.78B	2.31B	2.62B	4.05B
Gross Property Plant And Equipment	923M	1.13B	9.37B	13.6B	17.82B
Accumulated Depreciation	-500M	-561M	-6.14B	-9.1B	-12.31B
Net Property Plant And Equipment	423M	572M	3.23B	4.5B	5.51B
Long-term Investments	16.84M	17.06M	81.01M	119M	175M
Goodwill	-	-	-	-	-
Other Intangibles, Total	2.53M	2.16M	20.88M	40.5M	66.32M
Deferred Tax Assets Long-Term	7.88M	10.52M	206M	96.39M	83.11M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	8.2M	35.92M	5.88M	7.42M	12.13M
Total Assets	1.13B	2.42B	5.84B	7.38B	9.89B
Liabilities
Accounts Payable, Total	218M	614M	926M	1.08B	1.55B
Accrued Expenses, Total	15.13M	26.37M	100M	149M	203M
Short-term Borrowings	385M	611M	297M	259M	50.3M
Current Portion of Leases	64.98M	24.65M	9.58M	10.94M	1.11M
Current Income Taxes Payable	-	11.63M	7.4M	-	49.59M
Unearned Revenue Current, Total	5.66M	8.48M	44.54M	16.68M	7.71M
Other Current Liabilities	5.2M	9.8M	6.04M	14.38M	14.94M
Total Current Liabilities	693M	1.31B	1.39B	1.53B	1.88B
Long-Term Leases	25.8M	4.27M	16.99M	31.39M	8.88M
Unearned Revenue Non Current	-	-	-	7.71M	8.67M
Pension & Other Post Retirement Benefits	11.46M	34.7M	56.36M	112M	161M
Deferred Tax Liability Non Current	5.16M	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	736M	1.35B	1.47B	1.68B	2.06B
Common Stock, Total	132M	660M	660M	660M	660M
Additional Paid In Capital	7.76M	13.48M	92.29M	133M	174M
Retained Earnings	196M	379M	1.95B	2.22B	3.29B
Comprehensive Income and Other	59.51M	23.31M	1.67B	2.69B	3.71B
Total Common Equity	394M	1.08B	4.38B	5.7B	7.84B
Total Equity	394M	1.08B	4.38B	5.7B	7.84B
Total Liabilities And Equity	1.13B	2.42B	5.84B	7.38B	9.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	132M	660M	660M	660M	660M
ECS Total Common Shares Outstanding	132M	660M	660M	660M	660M
Book Value / Share	3	1.63	6.64	8.63	11.87
Tangible Book Value	392M	1.07B	4.36B	5.66B	7.77B
Tangible Book Value Per Share	2.98	1.63	6.6	8.57	11.77
Total Debt	476M	640M	324M	301M	60.28M
Net Debt	369M	174M	-55.54M	134M	-287M
Debt Equivalent Oper. Leases	92.24K	9.84M	20.25M	150M	360M
Equity Method Investments, Total	16.84M	17.06M	81.01M	119M	175M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	64.94M	289M	409M	322M	537M
Inventories - Work In Process, Total	22.7M	59.02M	65.35M	72.67M	100M
Inventories - Finished Goods, Total	7.15M	30.62M	29.94M	27.71M	42.19M
Inventories - Others	68.99M	23.01M	42.05M	264M	322M
Land - (BS)	42.35M	42.35M	502M	727M	961M
Buildings, Total	106M	106M	1.22B	1.91B	2.5B
Machinery, Total	617M	741M	6.8B	10.56B	13.93B
Full Time Employees	328	354	385	410	390
Accumulated Allowance for Doubtful Accounts (Supple)	9.03M	17.12M	14.17M	14.53M	16.24M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-43.27M	183M	976M	-603M	392M
Depreciation & Amortization - CF	63.02M	69.54M	250M	344M	459M
Amortization of Goodwill and Intangible Assets - (CF)	914K	748K	2.24M	7.16M	16.96M
Depreciation & Amortization, Total	63.93M	70.29M	252M	351M	476M
(Gain) Loss From Sale Of Asset	-2.41M	-	-9.42M	-4.54M	-73.78M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-584K	-220K	-28.06M	-1.62M	-19.82M
Provision and Write-off of Bad Debts	228K	8.7M	-2.95M	-	-
Other Operating Activities, Total	35.8M	141M	-24.82M	429M	407M
Change In Accounts Receivable	-144M	-506M	-480M	195M	-333M
Change In Inventories	-90.25M	-238M	170M	103M	-104M
Change In Accounts Payable	66.89M	396M	-85.34M	-254M	182M
Change in Other Net Operating Assets	-27.27M	-42.35M	71.5M	-2.09M	-81.31M
Cash from Operations	-141M	12.89M	840M	213M	846M
Capital Expenditure	-18.73M	-220M	-406M	-117M	-168M
Sale of Property, Plant, and Equipment	2.63M	1.89M	10.11M	4.54M	89.74M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-1.32M	-	-9.47M	-11.3M	-
Sale (Purchase) of Intangible assets	-606K	-	-13.01M	-17.52M	-
Other Investing Activities, Total	4.98M	9.84M	-14.07M	3.17M	61.18M
Cash from Investing	-13.04M	-208M	-433M	-138M	-17.18M
Short Term Debt Issued, Total	526M	1.1B	626M	1.15B	597M
Total Debt Issued	526M	1.1B	626M	1.15B	597M
Short Term Debt Repaid, Total	-267M	-905M	-934M	-1.05B	-1.07B
Long-Term Debt Repaid, Total	-48.3M	-69.03M	-43.85M	-45.07M	-54.02M
Total Debt Repaid	-315M	-974M	-978M	-1.1B	-1.12B
Issuance of Common Stock	-	534M	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-21.56M	-111M	-142M	-360M	-118M
Cash from Financing	189M	554M	-494M	-311M	-644M
Foreign Exchange Rate Adjustments	-	-	-302M	-145M	-124K
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-56.65M
Net Change in Cash	34.64M	359M	-388M	-381M	128M
Supplemental Items
Cash Interest Paid	21.56M	111M	142M	360M	118M
Cash Income Tax Paid (Refund)	118K	32.29M	47.55M	20.38M	36.38M
Levered Free Cash Flow	-198M	-377M	456M	57.16M	377M
Unlevered Free Cash Flow	-164M	-277M	615M	352M	542M
Change In Net Working Capital	211M	325M	-279M	-24.62M	317M
Net Debt Issued / Repaid	210M	131M	-351M	48.58M	-526M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.28	11.15	8.39	1.4	5.63
Return on Total Capital	0.36	15.31	10.98	1.73	6.99
Return On Equity %	-10.59	24.9	25.07	-10.04	5.13
Return on Common Equity	-10.59	24.9	25.07	-10.04	5.13
Margin Analysis
Gross Profit Margin %	6.09	18.1	18.82	8.78	15.72
SG&A Margin	6.62	5.93	5.97	7.41	7.88
EBITDA Margin %	3.48	13.57	15.98	5.68	11.95
EBITA Margin %	0.57	12.3	12.67	2.18	7.97
EBIT Margin %	0.47	12.27	12.63	2.1	7.82
Income From Continuing Operations Margin %	-4.78	7.09	15.32	-7.16	3.48
Net Income Margin %	-4.78	7.09	15.32	-7.16	3.48
Net Avail. For Common Margin %	-4.78	7.09	15.32	-7.16	3.48
Normalized Net Income Margin	-3.57	4.66	3.02	-2.95	2.73
Levered Free Cash Flow Margin	-21.9	-14.61	7.16	0.68	3.35
Unlevered Free Cash Flow Margin	-18.08	-10.72	9.66	4.18	4.81
Asset Turnover
Asset Turnover	0.94	1.45	1.06	1.06	1.15
Fixed Assets Turnover	2.17	5.19	2.04	1.84	1.98
Receivables Turnover (Average Receivables)	3.32	4.35	4.7	4.66	4.68
Inventory Turnover (Average Inventory)	7.17	7.48	8.19	10.41	9.98
Short Term Liquidity
Current Ratio	0.97	1.36	1.66	1.71	2.16
Quick Ratio	0.65	1	1.22	1.23	1.56
Operating Cash Flow to Current Liabilities	-0.2	0.01	0.6	0.14	0.45
Days Sales Outstanding (Average Receivables)	109.97	83.97	77.65	78.58	78.01
Days Outstanding Inventory (Average Inventory)	50.94	48.8	44.59	35.16	36.56
Average Days Payable Outstanding	71.43	64.53	70.72	58.47	56.48
Cash Conversion Cycle (Average Days)	89.47	68.25	51.53	55.28	58.1
Long Term Solvency
Total Debt/Equity	120.61	59.53	7.4	5.29	0.77
Total Debt / Total Capital	54.67	37.31	6.89	5.02	0.76
LT Debt/Equity	6.54	0.4	0.39	0.55	0.11
Long-Term Debt / Total Capital	2.97	0.25	0.36	0.52	0.11
Total Liabilities / Total Assets	65.1	55.57	25.07	22.81	20.78
EBIT / Interest Expense	0.08	1.97	3.16	0.37	3.35
EBITDA / Interest Expense	1.23	2.41	4.15	1.12	5.16
(EBITDA - Capex) / Interest Expense	0.89	1.04	2.55	0.87	4.52
Total Debt / EBITDA	6.98	1.65	0.31	0.57	0.04
Net Debt / EBITDA	5.41	0.45	-0.05	0.25	-0.21
Total Debt / (EBITDA - Capex)	9.62	3.83	0.5	0.73	0.05
Net Debt / (EBITDA - Capex)	7.46	1.04	-0.09	0.33	-0.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	61.36	185.08	32.61	-8.47	2.13
Gross Profit, 1 Yr. Growth %	137.95	746.82	73.15	-57.29	82.86
EBITDA, 1 Yr. Growth %	1.37K	1.01K	63.39	-67.44	114.87
EBITA, 1 Yr. Growth %	-121.64	6.03K	95	-84.22	273.62
EBIT, 1 Yr. Growth %	-117.23	7.33K	95.88	-84.79	281.45
Earnings From Cont. Operations, 1 Yr. Growth %	4.27	-522.93	-1.54K	-142.79	-149.66
Net Income, 1 Yr. Growth %	4.27	-522.93	-1.54K	-142.79	-149.66
Normalized Net Income, 1 Yr. Growth %	3.86	-477.01	58.17	-189.7	-194.28
Diluted EPS Before Extra, 1 Yr. Growth %	4.27	-240.35	-1.54K	-142.79	-149.66
Accounts Receivable, 1 Yr. Growth %	73.63	143.68	-5.26	-10.13	14.79
Inventory, 1 Yr. Growth %	122.71	145.15	-23.75	-13.05	11.54
Net Property, Plant and Equip., 1 Yr. Growth %	2.99	35.26	6.4	-3.44	-6.43
Total Assets, 1 Yr. Growth %	42.36	114.15	-4.89	-12.54	2.39
Tangible Book Value, 1 Yr. Growth %	-6.66	173.85	28.25	-10.12	4.95
Common Equity, 1 Yr. Growth %	-6.69	172.64	28.48	-9.9	5.09
Cash From Operations, 1 Yr. Growth %	-2.75K	-109.13	4.27K	-78.55	203.91
Capital Expenditures, 1 Yr. Growth %	6.74	1.07K	41.04	-83.4	-41.04
Levered Free Cash Flow, 1 Yr. Growth %	3.03K	90.11	-162.73	-10.83	-191.91
Unlevered Free Cash Flow, 1 Yr. Growth %	-2.66K	68.97	-215.75	19.72	-2.32K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	37.26	114.47	165.25	32.38	10.62
Gross Profit, 2 Yr. CAGR %	-4.98	348.89	366.14	3.34	1.11
EBITDA, 2 Yr. CAGR %	-17.36	1.18K	468.53	-12.37	-4.34
EBITA, 2 Yr. CAGR %	-49.41	264.25	1.15K	-33.35	-12.23
EBIT, 2 Yr. CAGR %	-53.19	257.72	1.27K	-34.42	-12.94
Earnings From Cont. Operations, 2 Yr. CAGR %	376.56	110	374.97	198.53	-47.26
Net Income, 2 Yr. CAGR %	376.56	110	374.97	198.53	-47.26
Normalized Net Income, 2 Yr. CAGR %	464.79	96.76	145.3	43.06	5.26
Diluted EPS Before Extra, 2 Yr. CAGR %	376.58	20.97	112.06	198.53	-47.26
Accounts Receivable, 2 Yr. CAGR %	62.05	105.51	95.35	10.88	16.21
Inventory, 2 Yr. CAGR %	60.85	133.66	82.7	-2.16	12.67
Net Property, Plant and Equip., 2 Yr. CAGR %	0.43	18.02	176.06	21.8	8.75
Total Assets, 2 Yr. CAGR %	27.58	74.61	127.39	9.59	8.27
Tangible Book Value, 2 Yr. CAGR %	-7.78	59.88	233.47	29.01	11.12
Common Equity, 2 Yr. CAGR %	-7.83	59.5	233.2	29.28	11.32
Cash From Operations, 2 Yr. CAGR %	43.52	55.56	143.9	232.89	-7.63
Capital Expenditures, 2 Yr. CAGR %	-6.94	253.9	365.63	-36.38	-51.06
Levered Free Cash Flow, 2 Yr. CAGR %	182.41	671.04	51.65	-71.96	142.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	97.92	557.57	93.89	-18.62	35.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.9	75.12	124.75	110.28	32.81
Gross Profit, 3 Yr. CAGR %	-3.01	97.01	272.54	137.52	36.72
EBITDA, 3 Yr. CAGR %	-14	96.57	681.04	147.66	29.23
EBITA, 3 Yr. CAGR %	-37.94	150.38	223.13	228.72	29.43
EBIT, 3 Yr. CAGR %	-41.18	153.43	219.21	246.09	28.92
Earnings From Cont. Operations, 3 Yr. CAGR %	18.61	357.97	186.53	140.65	79.6
Net Income, 3 Yr. CAGR %	18.61	357.97	186.53	140.65	79.6
Normalized Net Income, 3 Yr. CAGR %	33.02	391.73	83.5	98.2	36.22
Diluted EPS Before Extra, 3 Yr. CAGR %	18.61	217.07	67.38	40.58	79.6
Accounts Receivable, 3 Yr. CAGR %	43.53	85.55	87.71	70.45	22.7
Inventory, 3 Yr. CAGR %	16.25	85.11	95.17	61.22	11.8
Net Property, Plant and Equip., 3 Yr. CAGR %	4.35	10.91	98.73	119.84	22.02
Total Assets, 3 Yr. CAGR %	19.51	51.63	94.53	86.9	17.19
Tangible Book Value, 3 Yr. CAGR %	-4.51	32.55	118.13	143.46	31.74
Common Equity, 3 Yr. CAGR %	-5.29	32.31	117.99	143.52	31.98
Cash From Operations, 3 Yr. CAGR %	86.18	-42.7	440.19	14.64	253.25
Capital Expenditures, 3 Yr. CAGR %	-9.14	116.6	184.97	83.93	-16.42
Levered Free Cash Flow, 3 Yr. CAGR %	89.79	147.5	315.85	-33.95	-19.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	99.19	87.76	358.2	29.08	0.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.53	38.52	65.55	77.29	82.16
Gross Profit, 5 Yr. CAGR %	-9.53	38.73	81.74	64.65	137.97
EBITDA, 5 Yr. CAGR %	-18.46	33.32	83.06	59.66	262.89
EBITA, 5 Yr. CAGR %	-40.13	41.03	106.19	55.5	106.46
EBIT, 5 Yr. CAGR %	-42.42	40.96	107.44	55.47	104.29
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.21	34.43	106.6	216.29	56.7
Net Income, 5 Yr. CAGR %	-4.21	34.43	106.6	216.29	56.7
Normalized Net Income, 5 Yr. CAGR %	-5.28	29.61	69.52	200.62	58.09
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.21	7.81	49.64	129.09	13.49
Accounts Receivable, 5 Yr. CAGR %	27.69	42.41	62.3	66.98	66.76
Inventory, 5 Yr. CAGR %	23.86	39.97	39.29	61.07	68.6
Net Property, Plant and Equip., 5 Yr. CAGR %	2.71	8.91	53.99	60.7	68.05
Total Assets, 5 Yr. CAGR %	14.67	30.08	54.58	60.43	65.61
Tangible Book Value, 5 Yr. CAGR %	-2.37	19.61	57.47	65.12	79.25
Common Equity, 5 Yr. CAGR %	-2.37	18.91	56.64	65.1	79.31
Cash From Operations, 5 Yr. CAGR %	13.87	-22.68	107.42	25.42	175.54
Capital Expenditures, 5 Yr. CAGR %	-18.37	54.98	74.68	40.06	57.13
Levered Free Cash Flow, 5 Yr. CAGR %	348.1	302.81	73.5	18.11	126.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	187.03	111.07	97.05	53.15	142.96