EFOR YATIRIM SANAYI TICARET ANONIM SIRKETI

Income Statement Efor Yatirim Sanayi Ticaret Anonim Sirketi

Stocks

EFOR

TREEFOR00013

Food Processing

Market Closed - Borsa Istanbul Other stock markets 08:39:57 17/07/2026 pm IST			5-day change	1st Jan Change
17.86 ^TRY	+6.63%		+23.60%	-26.20%

20/05	Efor Yatirim says it targets 100,000 tonnes fresh tea procurement, 20,000 tonnes black tea production in 2026	RE
19/05	Efor Yatirim says CMB rejects planned acquisition of 'Of Caysan' on May 15	RE

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Published financial data: EFOR YATIRIM SANAYI TICARET ANONIM SIRKETI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	262.65Cr	600.85Cr	596.48Cr	673.27Cr	1.23TCr
Total Revenues	262.65Cr	600.85Cr	596.48Cr	673.27Cr	1.23TCr
Cost of Goods Sold, Total	232.71Cr	537.86Cr	500.2Cr	550.78Cr	1.01TCr
Gross Profit	30Cr	63Cr	96Cr	122.5Cr	226.85Cr
Selling General & Admin Expenses, Total	8.89Cr	19Cr	23Cr	36Cr	61Cr
Provision for Bad Debts	-	-	-	59.17L	-27.1L
Other Operating Expenses	10.59L	1.51Cr	-4.27Cr	-2.22Cr	93.96L
Other Operating Expenses, Total	8.99Cr	21Cr	19Cr	34Cr	62Cr
Operating Income	21Cr	42Cr	77Cr	88Cr	165.2Cr
Interest Expense, Total	-2.34Cr	-8.52Cr	-14Cr	-26Cr	-38Cr
Interest And Investment Income	9.99Cr	9.57Cr	34Cr	11Cr	7.7Cr
Net Interest Expenses	7.65Cr	1.05Cr	19Cr	-15Cr	-30Cr
Currency Exchange Gains (Loss)	-2.01Cr	-3.04Cr	-20Cr	-15Cr	-79Cr
Other Non Operating Income (Expenses)	-6Cr	-16Cr	-15Cr	-27Cr	-38Cr
EBT, Excl. Unusual Items	21Cr	24Cr	62Cr	31Cr	18Cr
Gain (Loss) On Sale Of Investments	-81.46L	-60.85L	-67.32L	-1.12Cr	79.81L
Asset Writedown	-	-	-	-2.42Cr	-6.72Cr
Legal Settlements	-93.43T	-19.09L	-9L	-8L	-12.24L
EBT, Incl. Unusual Items	20Cr	23Cr	62Cr	28Cr	12Cr
Income Tax Expense	1.85Cr	6.52Cr	5.39Cr	-16Cr	12Cr
Earnings From Continuing Operations	18Cr	17Cr	56Cr	44Cr	22.48L
Net Income to Company	18Cr	17Cr	56Cr	44Cr	22.48L
Net Income - (IS)	18Cr	17Cr	56Cr	44Cr	22.48L
Net Income to Common Incl Extra Items	18Cr	17Cr	56Cr	44Cr	22.48L
Net Income to Common Excl. Extra Items	18Cr	17Cr	56Cr	44Cr	22.48L
Per Share Items
Net EPS - Basic	6.03T	241.03	0.62	0.22	0
Basic EPS - Continuing Operations	6.03T	241.03	0.62	0.22	0
Basic Weighted Average Shares Outstanding	29.72T	7L	91Cr	198.69Cr	217.8Cr
Net EPS - Diluted	6.03T	241.03	0.62	0.22	0
Diluted EPS - Continuing Operations	6.03T	241.03	0.62	0.22	0
Diluted Weighted Average Shares Outstanding	29.72T	7L	91Cr	198.69Cr	217.8Cr
Normalized Basic EPS	4.33T	217.3	0.43	0.1	0.05
Normalized Diluted EPS	4.33T	217.3	0.43	0.1	0.05
Dividend Per Share	-	-	-	0.02	-
Payout Ratio	-	-	-	-	2.44T
Supplemental Items
EBITDA	23Cr	44Cr	81Cr	95Cr	178.62Cr
EBITA	21Cr	42Cr	77Cr	88Cr	165.49Cr
EBIT	21Cr	42Cr	77Cr	88Cr	165.2Cr
EBITDAR	23Cr	45Cr	82Cr	96Cr	181.26Cr
Effective Tax Rate - (Ratio)	9.37	28.27	8.75	-58.25	98.15
Total Current Taxes	1.92Cr	5.14Cr	5Cr	25.48L	1.77Cr
Total Deferred Taxes	-7L	1.38Cr	39.55L	-16Cr	10Cr
Normalized Net Income	13Cr	15Cr	39Cr	20Cr	11Cr
Supplemental Operating Expense Items
Advertising Expense	-	-	-	31.7L	5.9Cr
Marketing Expenses	-	-	-	-	28Cr
Selling and Marketing Expenses	3.85Cr	13Cr	12Cr	14Cr	34Cr
General and Administrative Expenses	4.63Cr	5.54Cr	9.8Cr	20Cr	24Cr
Net Rental Expense, Total	37.34L	51.83L	1.06Cr	1.52Cr	2.64Cr
Imputed Operating Lease Interest Expense	-	74.58L	1.11Cr	1.87Cr	4.31Cr
Imputed Operating Lease Depreciation	-	-22.75L	-5L	-34.98L	-1.67Cr
Maintenance & Repair Expenses, Total	8L	29.3L	18.64L	41.21L	32.78L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	19Cr	7.29Cr	7.86Cr	43Cr	122.74Cr
Short Term Investments	3.38Cr	-	-	-	-
Total Cash And Short Term Investments	22Cr	7.29Cr	7.86Cr	43Cr	122.74Cr
Accounts Receivable, Total	44Cr	82Cr	86Cr	123.12Cr	150.05Cr
Other Receivables	1.11Cr	2.34Cr	70.95L	1.45Cr	2.02Cr
Total Receivables	45Cr	85Cr	87Cr	124.57Cr	152.07Cr
Inventory	48Cr	80Cr	114.2Cr	263.25Cr	389.82Cr
Prepaid Expenses	12.66L	10.65L	2.5Cr	3.85Cr	12Cr
Other Current Assets, Total	9.87Cr	29Cr	16Cr	84Cr	74Cr
Total Current Assets	125.51Cr	201.55Cr	227.04Cr	518.59Cr	750.29Cr
Gross Property Plant And Equipment	64Cr	102.31Cr	150.2Cr	258.75Cr	403.58Cr
Accumulated Depreciation	-4.23Cr	-6.59Cr	-9.71Cr	-17Cr	-31Cr
Net Property Plant And Equipment	59Cr	96Cr	140.48Cr	241.96Cr	372.18Cr
Other Intangibles, Total	15.73L	10.11L	8L	1.06Cr	3.94Cr
Deferred Tax Assets Long-Term	-	-	-	5.96Cr	-
Other Long-Term Assets, Total	3L	36Cr	72Cr	88Cr	28Cr
Total Assets	185.09Cr	332.91Cr	439.79Cr	855.68Cr	1.15TCr
Liabilities
Accounts Payable, Total	78Cr	99Cr	34Cr	225.93Cr	512.69Cr
Accrued Expenses, Total	77.12L	1.11Cr	1.98Cr	3.98Cr	4.93Cr
Short-term Borrowings	7L	21.47L	5.9Cr	6.23Cr	13Cr
Current Portion of Long-Term Debt	3.5Cr	59Cr	85Cr	128.83Cr	71Cr
Current Portion of Leases	41.91L	1.74Cr	1.27Cr	1.53Cr	22Cr
Current Income Taxes Payable	1.26Cr	1.08Cr	10L	-	86.66L
Unearned Revenue Current, Total	32Cr	21Cr	51Cr	49Cr	6.47Cr
Other Current Liabilities	87.65L	2Cr	2.21Cr	10Cr	24Cr
Total Current Liabilities	117.43Cr	184.68Cr	181.38Cr	425.63Cr	654.36Cr
Long-Term Debt	5.12Cr	20Cr	37Cr	36Cr	32Cr
Long-Term Leases	1.84Cr	3.05Cr	2.27Cr	2.38Cr	2.15Cr
Unearned Revenue Non Current	-	-	30.36L	8L	2L
Pension & Other Post Retirement Benefits	39.17L	44.25L	81.73L	1Cr	2.95Cr
Deferred Tax Liability Non Current	2.89Cr	6.18Cr	11Cr	-	1.48Cr
Other Non Current Liabilities	4L	21.65L	21.69L	26.62L	38.85L
Total Liabilities	127.72Cr	214.77Cr	233.03Cr	465.29Cr	693.53Cr
Common Stock, Total	5Cr	15Cr	30Cr	36Cr	217.8Cr
Additional Paid In Capital	-	-	-	91Cr	50Cr
Retained Earnings	25Cr	38Cr	100Cr	169.51Cr	138.23Cr
Comprehensive Income and Other	28Cr	65Cr	77Cr	93Cr	55Cr
Total Common Equity	57Cr	118.14Cr	206.77Cr	390.38Cr	461.09Cr
Total Equity	57Cr	118.14Cr	206.77Cr	390.38Cr	461.09Cr
Total Liabilities And Equity	185.09Cr	332.91Cr	439.79Cr	855.68Cr	1.15TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.72T	7L	180Cr	217.8Cr	217.8Cr
ECS Total Common Shares Outstanding	29.72T	7L	180Cr	217.8Cr	217.8Cr
Book Value / Share	19.31T	1.72T	1.15	1.79	2.12
Tangible Book Value	57Cr	118.04Cr	206.69Cr	389.32Cr	457.15Cr
Tangible Book Value Per Share	19.25T	1.72T	1.15	1.79	2.1
Total Debt	11Cr	84Cr	131.76Cr	174.9Cr	139.65Cr
Net Debt	-11Cr	76Cr	123.91Cr	131.55Cr	17Cr
Debt Equivalent Oper. Leases	2.99Cr	4.15Cr	8.5Cr	12Cr	21Cr
Account Code - Inventory Valuation	-	-	6	6	6
Inventories - Finished Goods, Total	43Cr	80Cr	111.15Cr	259.89Cr	381.85Cr
Inventories - Others	5.07Cr	3.44Cr	3.62Cr	3.36Cr	7.98Cr
Land - (BS)	28Cr	31Cr	47Cr	55Cr	110.58Cr
Buildings, Total	14Cr	35Cr	38Cr	57Cr	125.99Cr
Machinery, Total	19Cr	24Cr	49Cr	97Cr	145.46Cr
Full Time Employees	-	-	300	351	440
Accumulated Allowance for Doubtful Accounts (Supple)	1.23Cr	1.59Cr	1.46Cr	1.5Cr	2.95Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	18Cr	17Cr	56Cr	44Cr	22.48L
Depreciation & Amortization - CF	2.26Cr	2.96Cr	3.97Cr	7.6Cr	14Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	7L	28.91L
Depreciation & Amortization, Total	2.26Cr	2.96Cr	3.97Cr	7.67Cr	14Cr
Amortization of Deferred Charges, Total - (CF)	4L	6L	5L	-	-
(Gain) Loss From Sale Of Asset	-3.27Cr	-43.15L	-1.14Cr	90.87L	-1.15Cr
Asset Writedown & Restructuring Costs	4L	-10Cr	-25Cr	-67.31L	6.72Cr
Provision and Write-off of Bad Debts	-	-	-	22.01L	1.38Cr
Other Operating Activities, Total	28.29L	12Cr	11Cr	-1.32Cr	52Cr
Change In Accounts Receivable	-29Cr	-38Cr	-3.75Cr	-15Cr	10Cr
Change In Inventories	-11Cr	-36Cr	-31Cr	-119.24Cr	-45Cr
Change In Accounts Payable	38Cr	21Cr	-65Cr	183.55Cr	216.96Cr
Change in Unearned Revenues	5.47Cr	-11Cr	31Cr	-16Cr	-58Cr
Change in Other Net Operating Assets	-1.27Cr	-17Cr	13Cr	-57Cr	37Cr
Cash from Operations	20Cr	-61Cr	-11Cr	28Cr	234.44Cr
Capital Expenditure	-2.56Cr	-32Cr	-46Cr	-88Cr	-33Cr
Sale of Property, Plant, and Equipment	6.32Cr	1.19Cr	4.59Cr	1.46Cr	3.05Cr
Cash Acquisitions	-	-	-	-	-3.76Cr
Divestitures	-10Cr	-	-	-	-
Sale (Purchase) of Real Estate properties	5.88Cr	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-2.39Cr	-1.15Cr	72.92L	3.41Cr
Other Investing Activities, Total	91.08L	75.27L	2.19Cr	-	-
Cash from Investing	16.62L	-32Cr	-41Cr	-86Cr	-30Cr
Long-Term Debt Issued, Total	-	70Cr	48Cr	11Cr	-
Total Debt Issued	-	70Cr	48Cr	11Cr	-
Long-Term Debt Repaid, Total	-10Cr	-	-	-	-89Cr
Total Debt Repaid	-10Cr	-	-	-	-89Cr
Issuance of Common Stock	7.32Cr	20Cr	17Cr	97Cr	-
Repurchase of Common Stock	-	-	-	-	-13Cr
Common Dividends Paid	-	-	-	-	-5.5Cr
Common & Preferred Stock Dividends Paid	-	-	-	-	-5.5Cr
Other Financing Activities, Total	-2.27Cr	-8.09Cr	-13Cr	-17Cr	-31Cr
Cash from Financing	-5.11Cr	82Cr	52Cr	91Cr	-138.41Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	13Cr
Net Change in Cash	15Cr	-11Cr	56.55L	33Cr	79Cr
Supplemental Items
Cash Interest Paid	2.27Cr	8.09Cr	13Cr	25Cr	36Cr
Cash Income Tax Paid (Refund)	1.34Cr	2.69Cr	3.49Cr	4.67Cr	1.16Cr
Levered Free Cash Flow	-	-88Cr	-62Cr	-65Cr	226.32Cr
Unlevered Free Cash Flow	-	-82Cr	-54Cr	-48Cr	249.82Cr
Change In Net Working Capital	-	80Cr	60Cr	23Cr	-165.21Cr
Net Debt Issued / Repaid	-10Cr	70Cr	48Cr	11Cr	-89Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	10.15	12.53	7.84	9.08
Return on Total Capital	-	19.46	17.92	11.15	15.4
Return On Equity %	-	18.85	34.62	13.58	0.05
Return on Common Equity	-	18.85	34.62	13.58	0.05
Margin Analysis
Gross Profit Margin %	11.4	10.48	16.14	18.19	18.39
SG&A Margin	3.38	3.23	3.87	5.32	4.94
EBITDA Margin %	8.62	7.37	13.57	14.1	14.48
EBITA Margin %	7.98	7	12.99	13.13	13.42
EBIT Margin %	7.98	7	12.99	13.12	13.39
Income From Continuing Operations Margin %	6.82	2.75	9.43	6.55	0.02
Net Income Margin %	6.82	2.75	9.43	6.55	0.02
Net Avail. For Common Margin %	6.82	2.75	9.43	6.55	0.02
Normalized Net Income Margin	4.9	2.48	6.54	2.92	0.92
Levered Free Cash Flow Margin	-	-14.58	-10.47	-9.63	18.35
Unlevered Free Cash Flow Margin	-	-13.7	-8.99	-7.2	20.25
Asset Turnover
Asset Turnover	-	2.32	1.54	0.96	1.08
Fixed Assets Turnover	-	7.75	5.05	3.22	3.58
Receivables Turnover (Average Receivables)	-	9.49	7.08	5.82	7.93
Inventory Turnover (Average Inventory)	-	8.37	5.14	2.71	2.74
Short Term Liquidity
Current Ratio	1.07	1.09	1.25	1.22	1.15
Quick Ratio	0.57	0.5	0.52	0.39	0.42
Operating Cash Flow to Current Liabilities	0.17	-0.33	-0.06	0.07	0.36
Days Sales Outstanding (Average Receivables)	-	38.45	51.59	62.88	46.04
Days Outstanding Inventory (Average Inventory)	-	43.59	70.94	135.08	133.15
Average Days Payable Outstanding	-	56.82	45.42	73.21	140.26
Cash Conversion Cycle (Average Days)	-	25.22	77.11	124.75	38.93
Long Term Solvency
Total Debt/Equity	19.07	70.9	63.73	44.8	30.29
Total Debt / Total Capital	16.02	41.48	38.92	30.94	23.25
LT Debt/Equity	12.13	19.69	19.23	9.81	7.45
Long-Term Debt / Total Capital	10.19	11.52	11.75	6.78	5.72
Total Liabilities / Total Assets	69	64.51	52.99	54.38	60.07
EBIT / Interest Expense	8.95	4.94	5.5	3.38	4.39
EBITDA / Interest Expense	9.92	5.29	5.78	3.67	4.77
(EBITDA - Capex) / Interest Expense	8.82	1.57	2.49	0.3	3.9
Total Debt / EBITDA	0.47	1.86	1.62	1.82	0.78
Net Debt / EBITDA	-0.47	1.7	1.52	1.37	0.09
Total Debt / (EBITDA - Capex)	0.53	6.25	3.76	21.99	0.95
Net Debt / (EBITDA - Capex)	-0.53	5.71	3.53	16.54	0.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	128.76	-0.73	-10.04	39.97
Gross Profit, 1 Yr. Growth %	-	110.36	52.85	1.28	41.48
EBITDA, 1 Yr. Growth %	-	95.4	82.93	-6.61	43.77
EBITA, 1 Yr. Growth %	-	100.8	84.19	-9.15	43.05
EBIT, 1 Yr. Growth %	-	100.8	84.19	-9.17	42.92
Earnings From Cont. Operations, 1 Yr. Growth %	-	-7.66	239.96	-37.48	-99.61
Net Income, 1 Yr. Growth %	-	-7.66	239.96	-37.48	-99.61
Normalized Net Income, 1 Yr. Growth %	-	15.88	161.47	-59.78	-50.82
Diluted EPS Before Extra, 1 Yr. Growth %	-	-96	-99.74	-71.27	-99.61
Accounts Receivable, 1 Yr. Growth %	-	86.24	4.71	13.78	-6.89
Inventory, 1 Yr. Growth %	-	66.42	42.31	83.72	13.13
Net Property, Plant and Equip., 1 Yr. Growth %	-	61.15	46.77	37.26	17.52
Total Assets, 1 Yr. Growth %	-	79.86	32.11	55.06	3.09
Tangible Book Value, 1 Yr. Growth %	-	106.29	75.1	50.12	-10.29
Common Equity, 1 Yr. Growth %	-	105.9	75.02	50.47	-9.76
Cash From Operations, 1 Yr. Growth %	-	-411.08	-81.95	-548.08	537.23
Capital Expenditures, 1 Yr. Growth %	-	1.13T	46.63	51.26	-71.6
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-28.71	-32.62	-267.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-34.8	-43.07	-319.55
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	50.7	5.86	28.38
Gross Profit, 2 Yr. CAGR %	-	-	79.31	39.45	36.95
EBITDA, 2 Yr. CAGR %	-	-	89.06	46.44	32.57
EBITA, 2 Yr. CAGR %	-	-	92.31	44.95	30.43
EBIT, 2 Yr. CAGR %	-	-	92.31	44.89	30.35
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	77.18	63.3	-94.36
Net Income, 2 Yr. CAGR %	-	-	77.18	63.3	-94.36
Normalized Net Income, 2 Yr. CAGR %	-	-	74.07	14.88	-51.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-98.99	-96.97	-96.35
Accounts Receivable, 2 Yr. CAGR %	-	-	39.65	22.27	17.76
Inventory, 2 Yr. CAGR %	-	-	53.89	81.12	64.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	53.79	58.99	45.31
Total Assets, 2 Yr. CAGR %	-	-	54.14	60.32	44.65
Tangible Book Value, 2 Yr. CAGR %	-	-	90.06	81.61	32.77
Common Equity, 2 Yr. CAGR %	-	-	89.83	81.78	33.31
Cash From Operations, 2 Yr. CAGR %	-	-	-25.07	-32.21	511.34
Capital Expenditures, 2 Yr. CAGR %	-	-	325.47	66.82	-25.01
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-13.98	53.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-23.24	71.26
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	36.86	27.09
Gross Profit, 3 Yr. CAGR %	-	-	-	59.93	53.28
EBITDA, 3 Yr. CAGR %	-	-	-	61.22	59.21
EBITA, 3 Yr. CAGR %	-	-	-	61.58	57.86
EBIT, 3 Yr. CAGR %	-	-	-	61.54	57.77
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	35.04	-76.14
Net Income, 3 Yr. CAGR %	-	-	-	35.04	-76.14
Normalized Net Income, 3 Yr. CAGR %	-	-	-	15.21	-8.65
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-96.7	-98.41
Accounts Receivable, 3 Yr. CAGR %	-	-	-	40.68	22.13
Inventory, 3 Yr. CAGR %	-	-	-	76.08	69.36
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	59.71	57.25
Total Assets, 3 Yr. CAGR %	-	-	-	66.59	51.37
Tangible Book Value, 3 Yr. CAGR %	-	-	-	89.49	57.04
Common Equity, 3 Yr. CAGR %	-	-	-	89.49	57.44
Cash From Operations, 3 Yr. CAGR %	-	-	-	12.66	56.51
Capital Expenditures, 3 Yr. CAGR %	-	-	-	225.09	1.14
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	37.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	44.8