BTCIM FINANCIAL STATEMENTS

Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi — balance sheet, income statement and cash flow trends

BTCIMBatiçim Bati Anadolu Çimento Sanayii Anonim Sirketi

🇹🇷 Turkey · IS · Basic Materials · Building Materials

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue15.2 B ₺-8.3%

Gross Profit1.4 B ₺-38.1%

Operating Income-410.5 M ₺-147.3%

EBITDA970.3 M ₺-57.0%

Net Income-936.7 M ₺-1,171.0%

Peer Comparison· Building Materials

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BTCIM	-8.3%	9.0%	6.4%	-6.2%
FBU	-10.6%	29.5%	3.5%	-4.7%
USLM	9.5%	48.1%	52.2%	35.4%
KNF	9.6%	18.3%	15.4%	4.6%
EXP	2.1%	28.3%	33.0%	18.4%
JHX	24.7%	36.8%	19.3%	2.2%
Industry median	1.9%	22.1%	15.4%	3.5%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BTCIM	-8.3%	9.0%	6.4%	-6.2%
NUHCM	-1.2%	22.1%	19.3%	0.2%
CMENT	-8.8%	17.2%	13.4%	3.9%
AKCNS	-2.5%	13.0%	14.0%	2.2%
CIMSA	26.7%	19.1%	18.9%	7.1%
KONYA	2.0%	19.3%	12.8%	2.8%
Industry median	1.9%	22.1%	15.4%	3.5%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity26.8 B ₺70%
Current Liabilities6.4 B ₺17%
Long-term Liabilities5.3 B ₺14%

Key Figures

YoY change

Total Assets38.5 B ₺+25.9%

Total Liabilities11.7 B ₺+28.8%

Total Equity26.8 B ₺+24.8%

Cash & ST Investments124.6 M ₺+31.8%

Total Debt5.6 B ₺+12.8%

Net Debt5.4 B ₺+12.4%

Peer Comparison· Building Materials

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BTCIM	0.96	20.8%	5.61	69.6%
FBU	1.50	97.0%	16.02	47.3%
USLM	20.73	0.5%	-1.97	92.6%
KNF	2.67	95.1%	2.85	40.8%
EXP	3.66	121.8%	1.96	38.4%
JHX	1.58	74.5%	4.85	46.9%
Industry median	1.65	21.8%	0.64	67.6%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BTCIM	0.96	20.8%	5.61	69.6%
NUHCM	3.01	6.7%	-1.23	80.9%
CMENT	2.09	2.2%	-0.63	75.2%
AKCNS	1.60	16.4%	-0.02	71.3%
CIMSA	0.96	63.1%	2.54	48.6%
KONYA	1.43	13.3%	0.64	72.3%
Industry median	1.65	21.8%	0.64	67.6%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow2.9 B ₺—

Capital Expenditures-1.1 B ₺—

Free Cash Flow1.7 B ₺+21.1%

Dividends Paid-77 M ₺—

Peer Comparison· Building Materials

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BTCIM	19.0%	11.5%	7.5%	-308.3%
FBU	11.0%	6.7%	4.3%	-233.1%
USLM	42.7%	24.8%	17.9%	120.5%
KNF	10.8%	-0.2%	10.9%	235.5%
EXP	26.6%	8.6%	18.1%	144.9%
JHX	12.2%	4.2%	8.0%	567.8%
Industry median	12.1%	4.2%	8.5%	131.7%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BTCIM	19.0%	11.5%	7.5%	-308.3%
NUHCM	22.2%	12.8%	9.9%	13,765.2%
CMENT	9.0%	3.4%	6.4%	233.7%
AKCNS	11.0%	2.9%	8.3%	491.6%
CIMSA	12.1%	-3.9%	14.2%	169.3%
KONYA	8.4%	0.6%	8.4%	299.7%
Industry median	12.1%	4.2%	8.5%	131.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on BTCIM

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.