SMART FINANCIAL STATEMENTS

Smartiks Yazilim A.S. — balance sheet, income statement and cash flow trends

SMARTSmartiks Yazilim A.S.

🇹🇷 Turkey · IS · Technology · Software - Infrastructure

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Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
0100 M200 M202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue184 M ₺Gross Profit131.2 M ₺ · 71%Operating Income-22.4 M ₺ · -12%Pre-tax Income-40.2 M ₺ · -22%Net Income-40.2 M ₺ · -22%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue184 M ₺-30.3%
Gross Profit131.2 M ₺-36.7%
Operating Income-22.4 M ₺-168.6%
EBITDA99.7 M ₺-37.7%
Net Income-40.2 M ₺-385.2%

Peer Comparison· Software - Infrastructure

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
SMART-30.3%71.3%54.2%-21.8%
BKKT-59.0%31.7%-8.5%-8.3%
VERI0.6%48.4%-61.9%-120.4%
TCX6.2%24.1%12.9%-20.1%
RPAY1.0%75.1%-51.0%-82.7%
PSFE3.3%48.4%20.1%-11.4%
Industry median10.2%70.5%17.8%8.9%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
0250 M500 M750 M202120222023202420252026

Capital Structure

Q1 2026
Total Assets757.6 M
  • Equity447.9 M ₺59%
  • Current Liabilities296.4 M ₺39%
  • Long-term Liabilities13.4 M ₺2%

Key Figures

YoY change
Total Assets757.6 M ₺+53.7%
Total Liabilities309.7 M ₺+188.9%
Total Equity447.9 M ₺+16.1%
Cash & ST Investments2.4 M ₺-49.3%
Total Debt112.3 M ₺+74.6%
Net Debt110.5 M ₺+78.1%

Peer Comparison· Software - Infrastructure

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
SMART0.1825.1%1.1059.1%
BKKT4.130.0%0.6280.1%
VERI0.5292.6%-0.5331.6%
TCX0.29-383.6%12.76-24.9%
RPAY1.7983.7%-2.2441.9%
PSFE1.16411.1%6.5113.2%
Industry median1.4325.1%-0.0234.8%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
-200 M0200 M202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
0100 M200 M279.5 M ₺Operating-270.2 M ₺Investing-12 M ₺Financing-2.7 M ₺Net Change

Key Figures

YoY change
Operating Cash Flow279.5 M ₺+93.2%
Capital Expenditures-270.4 M ₺—
Free Cash Flow9.3 M ₺—
Dividends Paid0 ₺—

Peer Comparison· Software - Infrastructure

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
SMART151.9%5.1%147.0%-695.7%
BKKT-3.9%-4.2%0.3%47.5%
VERI-52.1%-56.6%4.5%43.2%
TCX2.3%-2.1%4.4%-11.4%
RPAY33.7%12.8%20.9%-40.8%
PSFE14.2%10.0%4.2%-124.1%
Industry median23.2%17.1%2.9%143.9%

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

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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.