SASA FINANCIAL STATEMENTS

Sasa Polyester Sanayi A.S. — balance sheet, income statement and cash flow trends

SASASasa Polyester Sanayi A.S.

🇹🇷 Turkey · IS · Basic Materials · Specialty Chemicals

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

Revenue60.2 B ₺+4.0%

Gross Profit4.6 B ₺-44.5%

Operating Income1.7 B ₺-63.8%

EBITDA9.4 B ₺+15.7%

Net Income-21.7 B ₺-248.3%

Peer Comparison· Specialty Chemicals

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
SASA	4.0%	7.7%	15.6%	-36.0%
MTX	2.5%	24.9%	17.3%	7.6%
IOSP	0.2%	27.4%	10.0%	6.4%
NGVT	-10.3%	39.3%	1.4%	-10.6%
KWR	6.3%	34.4%	8.8%	0.2%
CC	0.1%	15.1%	2.3%	-7.1%
Industry median	1.2%	26.7%	14.7%	3.5%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
SASA	4.0%	7.7%	15.6%	-36.0%
MRSHL	-13.7%	46.2%	13.3%	-4.4%
POLTK	33.7%	26.7%	9.7%	-2.3%
POLHO	-19.2%	20.7%	16.9%	-23.2%
KLKIM	15.3%	41.1%	21.8%	9.1%
Industry median	1.2%	26.7%	14.7%	3.5%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity171.7 B ₺49%
Current Liabilities67.1 B ₺19%
Long-term Liabilities115 B ₺33%

Key Figures

YoY change

Total Assets353.8 B ₺+39.0%

Total Liabilities182.1 B ₺+46.2%

Total Equity171.7 B ₺+32.1%

Cash & ST Investments5.8 B ₺+867.6%

Total Debt143.7 B ₺+38.2%

Net Debt138 B ₺+33.4%

Peer Comparison· Specialty Chemicals

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
SASA	0.63	83.7%	14.70	48.5%
MTX	2.13	55.9%	1.75	49.9%
IOSP	2.98	3.8%	-1.33	73.9%
NGVT	1.42	3,199.7%	67.21	2.4%
KWR	2.45	65.2%	4.31	49.1%
CC	1.82	2,042.3%	29.00	3.0%
Industry median	1.87	63.0%	2.15	46.9%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
SASA	0.63	83.7%	14.70	48.5%
MRSHL	1.00	58.2%	0.57	26.2%
POLTK	1.93	9.7%	-0.03	56.4%
POLHO	0.87	14.6%	1.38	74.7%
KLKIM	2.34	4.6%	-0.70	73.3%
Industry median	1.87	63.0%	2.15	46.9%

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 Flow8.1 B ₺-27.8%

Capital Expenditures-6.2 B ₺—

Free Cash Flow2.3 B ₺—

Dividends Paid0 ₺—

Peer Comparison· Specialty Chemicals

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
SASA	13.5%	3.8%	10.3%	-37.5%
MTX	10.8%	5.6%	5.3%	142.4%
IOSP	7.1%	4.3%	2.8%	111.7%
NGVT	25.1%	20.3%	4.8%	-237.7%
KWR	7.4%	7.4%	1.3%	3,364.4%
CC	5.7%	2.6%	3.1%	-80.8%
Industry median	9.6%	5.8%	5.0%	111.7%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
SASA	13.5%	3.8%	10.3%	-37.5%
MRSHL	2.4%	0.1%	2.3%	-54.0%
POLTK	1.4%	-2.6%	4.0%	-62.0%
POLHO	14.5%	5.2%	11.2%	-62.5%
KLKIM	9.4%	4.0%	5.3%	103.2%
Industry median	9.6%	5.8%	5.0%	111.7%

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 SASA

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 6, 26. This content is for informational purposes only and is not investment advice.