Income Statement Baydoner Restoranlari

Stocks

BYDNR

TREBYDN00012

Restaurants & Bars

Market Closed - Borsa Istanbul Other stock markets 11:08:34 2026-06-15 EDT			5-day change	1st Jan Change
40.46 ^TRY	+4.55%		-2.51%	+51.20%

05-11	Baydoner Restoranlari A.S. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-11	Baydoner Restoranlari A.S. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: BAYDONER RESTORANLARI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022	2023	2024	2025
Revenues	1.55B	1.94B	3.15B	3.96B
Total Revenues	1.55B	1.94B	3.15B	3.96B
Cost of Goods Sold, Total	1.19B	1.51B	2.68B	3.57B
Gross Profit	359M	440M	471M	398M
Selling General & Admin Expenses, Total	149M	220M	468M	660M
Other Operating Expenses	5.7M	5.93M	-16.73M	-75.88M
Other Operating Expenses, Total	154M	226M	451M	584M
Operating Income	204M	213M	19.83M	-186M
Interest Expense, Total	-86.83M	-124M	-232M	-117M
Interest And Investment Income	33.56M	103M	252M	132M
Net Interest Expenses	-53.27M	-20.87M	19.87M	15.02M
Income (Loss) On Equity Invest.	2.19M	818K	-	-
Currency Exchange Gains (Loss)	4.35K	3.59M	-	-
Other Non Operating Income (Expenses)	45.85M	44.29M	-137M	122M
EBT, Excl. Unusual Items	199M	241M	-97.15M	-49.22M
Restructuring Charges	-6.1M	-	-	-
Gain (Loss) On Sale Of Investments	-70.25K	-1.87M	-196K	-
Insurance Settlements	290K	210K	-	-
Legal Settlements	-11.09M	-3.71M	-	-
Other Unusual Items	12.98M	-24.26M	-	-
EBT, Incl. Unusual Items	195M	212M	-97.34M	-49.22M
Income Tax Expense	63.38M	50.35M	19.9M	51.73M
Earnings From Continuing Operations	132M	161M	-117M	-101M
Net Income to Company	132M	161M	-117M	-101M
Net Income - (IS)	132M	161M	-117M	-101M
Net Income to Common Incl Extra Items	132M	161M	-117M	-101M
Net Income to Common Excl. Extra Items	132M	161M	-117M	-101M
Per Share Items
Net EPS - Basic	1.88	2.24	-1.63	-1.2
Basic EPS - Continuing Operations	1.88	2.24	-1.63	-1.2
Basic Weighted Average Shares Outstanding	70M	71.99M	71.99M	84M
Net EPS - Diluted	1.88	2.24	-1.63	-1.2
Diluted EPS - Continuing Operations	1.88	2.24	-1.63	-1.2
Diluted Weighted Average Shares Outstanding	70M	71.99M	71.99M	84M
Normalized Basic EPS	1.78	2.09	-0.84	-0.37
Normalized Diluted EPS	1.78	2.09	-0.84	-0.37
Dividend Per Share	-	-	0.71	-
Payout Ratio	-	-	-	-61.2
Supplemental Items
EBITDA	293M	309M	188M	143M
EBITA	235M	244M	72.3M	-98.66M
EBIT	204M	213M	19.83M	-186M
EBITDAR	324M	345M	220M	222M
Effective Tax Rate - (Ratio)	32.49	23.79	-20.44	-105.11
Total Current Taxes	24.2M	42.37M	30.94M	25.69M
Total Deferred Taxes	39.18M	7.98M	-11.05M	26.04M
Normalized Net Income	124M	151M	-60.72M	-30.76M
Interest on Long-Term Debt	60.92M	111M	232M	117M
Supplemental Operating Expense Items
Advertising Expense	-	-	22.65M	33.77M
Marketing Expenses	15.85M	9.9M	18.86M	6.84M
Selling and Marketing Expenses	45.35M	32.23M	69.5M	46.45M
General and Administrative Expenses	99.55M	184M	366M	535M
Net Rental Expense, Total	31.66M	36.8M	32.13M	79.04M
Imputed Operating Lease Interest Expense	-	108M	91.63M	77.03M
Imputed Operating Lease Depreciation	-	-71.43M	-59.5M	2.01M
Maintenance & Repair Expenses, Total	13.93M	21.6M	-	-

Fiscal Period: December	2022	2023	2024	2025
Assets
Cash And Equivalents	164M	357M	441M	174M
Total Cash And Short Term Investments	164M	357M	441M	174M
Accounts Receivable, Total	81.69M	116M	58.95M	89.43M
Other Receivables	730K	797K	76.59M	160M
Total Receivables	82.42M	117M	136M	250M
Inventory	139M	159M	240M	208M
Prepaid Expenses	3.76M	3.85M	6.73M	8.35M
Other Current Assets, Total	10.59M	48.68M	51.75M	19.39M
Total Current Assets	400M	686M	876M	660M
Gross Property Plant And Equipment	1.5B	1.64B	2.91B	4.88B
Accumulated Depreciation	-681M	-809M	-1.52B	-2.6B
Net Property Plant And Equipment	821M	833M	1.39B	2.28B
Long-term Investments	18.88M	11.9M	-	-
Goodwill	-	-	40.65M	-
Other Intangibles, Total	111M	88.97M	21.23M	67.45M
Accounts Receivable Long-Term	7.52M	5.25M	-	-
Other Long-Term Assets, Total	2.65M	38.07M	276M	169M
Total Assets	1.36B	1.66B	2.6B	3.18B
Liabilities
Accounts Payable, Total	145M	145M	307M	394M
Accrued Expenses, Total	40.13M	60.87M	111M	150M
Short-term Borrowings	97.02M	6.57M	3.51M	10.33M
Current Portion of Long-Term Debt	15.43M	14.24M	41.89M	55.15M
Current Portion of Leases	103M	113M	233M	310M
Current Income Taxes Payable	2.6M	18.95M	-	-
Unearned Revenue Current, Total	41.71M	32.82M	33.47M	13.33M
Other Current Liabilities	24.56M	20.39M	19.29M	18.32M
Total Current Liabilities	469M	412M	750M	951M
Long-Term Debt	6.24M	3.27M	128M	72.78M
Long-Term Leases	183M	135M	332M	503M
Unearned Revenue Non Current	2.34M	-	33.43M	11.86M
Pension & Other Post Retirement Benefits	17.51M	6.36M	28.58M	-
Deferred Tax Liability Non Current	150M	116M	85.07M	139M
Other Non Current Liabilities	-	-	-	34.94M
Total Liabilities	828M	673M	1.36B	1.71B
Common Stock, Total	70M	84M	84M	84M
Additional Paid In Capital	-	264M	381M	498M
Retained Earnings	342M	504M	452M	438M
Comprehensive Income and Other	121M	139M	327M	447M
Total Common Equity	534M	990M	1.24B	1.47B
Total Equity	534M	990M	1.24B	1.47B
Total Liabilities And Equity	1.36B	1.66B	2.6B	3.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	70M	84M	84M	84M
ECS Total Common Shares Outstanding	70M	84M	84M	84M
Book Value / Share	7.63	11.79	14.8	17.47
Tangible Book Value	422M	901M	1.18B	1.4B
Tangible Book Value Per Share	6.04	10.73	14.06	16.66
Total Debt	404M	272M	739M	952M
Net Debt	240M	-85.15M	297M	778M
Debt Equivalent Oper. Leases	253M	294M	257M	632M
Equity Method Investments, Total	18.88M	11.9M	-	-
Account Code - Inventory Valuation	-	3	3	3
Inventories - Raw Materials, Total	58.52M	32.75M	230M	201M
Inventories - Finished Goods, Total	74.43M	124M	4.86M	7.07M
Inventories - Others	6.47M	2.58M	5.17M	-
Land - (BS)	34.91M	35.22M	64.4M	65.13M
Machinery, Total	554M	587M	497M	834M
Full Time Employees	-	1.48K	1.58K	1.66K
Accumulated Allowance for Doubtful Accounts (Supple)	554K	15.7K	-	-

Fiscal Period: December	2022	2023	2024	2025
Net Income	132M	161M	-117M	-101M
Depreciation & Amortization - CF	310M	278M	351M	603M
Amortization of Goodwill and Intangible Assets - (CF)	30.93M	30.78M	52.47M	87.37M
Depreciation & Amortization, Total	341M	309M	403M	690M
(Gain) Loss From Sale Of Asset	-	-	-	-1.83M
Provision and Write-off of Bad Debts	356K	538K	-	-
Other Operating Activities, Total	-60.61M	-157M	-147M	240M
Change In Accounts Receivable	11.14M	-17.87M	7.49M	-33.49M
Change In Inventories	-75.53M	-19.53M	-10.85M	106M
Change In Accounts Payable	6.62M	200K	184M	94.99M
Change in Unearned Revenues	-48.19M	-11.23M	-	-
Change in Other Net Operating Assets	30.83M	-54.65M	-327M	-112M
Cash from Operations	337M	211M	-7.56M	883M
Capital Expenditure	-84.79M	-91.89M	-308M	-1.19B
Sale of Property, Plant, and Equipment	343K	4.5M	4.11M	11.24M
Sale (Purchase) of Intangible assets	-2.48M	-8.46M	-	-
Investment in Marketable and Equity Securities, Total	-	-	-32.5M	-
Other Investing Activities, Total	-	-	246M	174M
Cash from Investing	-86.93M	-95.84M	-90.29M	-1.01B
Long-Term Debt Issued, Total	255M	73.85M	455M	83.49M
Total Debt Issued	255M	73.85M	455M	83.49M
Long-Term Debt Repaid, Total	-443M	-377M	-55.59M	-14.55M
Total Debt Repaid	-443M	-377M	-55.59M	-14.55M
Issuance of Common Stock	-	278M	-	-
Common Dividends Paid	-	-	-	-61.78M
Common & Preferred Stock Dividends Paid	-	-	-	-61.78M
Other Financing Activities, Total	6.19M	104M	-309M	-177M
Cash from Financing	-182M	77.93M	90.63M	-170M
Foreign Exchange Rate Adjustments	-	-	28.63K	28.63K
Miscellaneous Cash Flow Adjustments	-	-	-67M	-109M
Net Change in Cash	68.45M	193M	-74.19M	-404M
Supplemental Items
Cash Interest Paid	-	-	309M	177M
Cash Income Tax Paid (Refund)	-78.14M	25M	68.51M	44.19M
Levered Free Cash Flow	-	196M	76.34M	-652M
Unlevered Free Cash Flow	-	274M	221M	-578M
Change In Net Working Capital	-	68.12M	-113M	-41.47M
Net Debt Issued / Repaid	-188M	-303M	399M	68.94M

Fiscal Period: December	2022	2023	2024	2025
Profitability
Return on Assets	-	8.82	0.5	-3.53
Return on Total Capital	-	12.13	0.64	-4.64
Return On Equity %	-	21.17	-9.07	-6.52
Return on Common Equity	-	21.17	-9.07	-6.52
Margin Analysis
Gross Profit Margin %	23.14	22.6	14.94	10.05
SG&A Margin	9.59	11.32	14.84	16.66
EBITDA Margin %	18.88	15.86	5.96	3.61
EBITA Margin %	15.18	12.56	2.3	-2.49
EBIT Margin %	13.18	10.98	0.63	-4.69
Income From Continuing Operations Margin %	8.5	8.3	-3.72	-2.55
Net Income Margin %	8.5	8.3	-3.72	-2.55
Net Avail. For Common Margin %	8.5	8.3	-3.72	-2.55
Normalized Net Income Margin	8.03	7.75	-1.93	-0.78
Levered Free Cash Flow Margin	-	10.08	2.42	-16.44
Unlevered Free Cash Flow Margin	-	14.08	7.02	-14.6
Asset Turnover
Asset Turnover	-	1.29	1.26	1.2
Fixed Assets Turnover	-	2.35	2.43	1.93
Receivables Turnover (Average Receivables)	-	19.65	41.03	47.59
Inventory Turnover (Average Inventory)	-	10.09	11.41	13.64
Short Term Liquidity
Current Ratio	0.85	1.66	1.17	0.69
Quick Ratio	0.53	1.15	0.77	0.45
Operating Cash Flow to Current Liabilities	0.72	0.51	-0.01	0.93
Days Sales Outstanding (Average Receivables)	-	18.58	8.92	7.67
Days Outstanding Inventory (Average Inventory)	-	36.18	32.09	26.77
Average Days Payable Outstanding	-	34.66	35.14	42.01
Cash Conversion Cycle (Average Days)	-	20.1	5.87	-7.57
Long Term Solvency
Total Debt/Equity	75.76	27.47	59.42	64.87
Total Debt / Total Capital	43.1	21.55	37.27	39.35
LT Debt/Equity	35.4	13.92	37.03	39.26
Long-Term Debt / Total Capital	20.14	10.92	23.23	23.81
Total Liabilities / Total Assets	60.81	40.45	52.19	53.87
EBIT / Interest Expense	2.35	1.72	0.09	-1.59
EBITDA / Interest Expense	6.28	4.2	1.82	4.31
(EBITDA - Capex) / Interest Expense	5.31	3.46	0.5	-5.9
Total Debt / EBITDA	0.74	0.52	1.75	1.89
Net Debt / EBITDA	0.44	-0.16	0.7	1.54
Total Debt / (EBITDA - Capex)	0.88	0.63	6.41	-1.38
Net Debt / (EBITDA - Capex)	0.52	-0.2	2.58	-1.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	25.49	12.19	-3.88
Gross Profit, 1 Yr. Growth %	-	22.58	-25.88	-35.34
EBITDA, 1 Yr. Growth %	-	5.44	-65.33	-41.75
EBITA, 1 Yr. Growth %	-	3.85	-79.08	-204.25
EBIT, 1 Yr. Growth %	-	4.5	-93.43	-816.68
Earnings From Cont. Operations, 1 Yr. Growth %	-	22.51	-158.49	-34.22
Net Income, 1 Yr. Growth %	-	22.51	-158.49	-34.22
Normalized Net Income, 1 Yr. Growth %	-	21.22	-132.07	-61.29
Diluted EPS Before Extra, 1 Yr. Growth %	-	19.12	-158.49	-43.62
Accounts Receivable, 1 Yr. Growth %	-	42.32	-37.69	15.91
Inventory, 1 Yr. Growth %	-	14.01	4.73	-33.79
Net Property, Plant and Equip., 1 Yr. Growth %	-	1.44	15.28	25.83
Total Assets, 1 Yr. Growth %	-	22.11	8.29	-6.55
Tangible Book Value, 1 Yr. Growth %	-	113.36	-10.12	-9.48
Common Equity, 1 Yr. Growth %	-	85.54	-7.3	-9.84
Cash From Operations, 1 Yr. Growth %	-	-37.47	-101.37	-9.03K
Capital Expenditures, 1 Yr. Growth %	-	8.36	-52.87	196.24
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-153.31	-954.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-430.26	-317.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	42.57	18.81
Gross Profit, 2 Yr. CAGR %	-	-	14.57	-20.8
EBITDA, 2 Yr. CAGR %	-	-	-19.91	-48.58
EBITA, 2 Yr. CAGR %	-	-	-44.56	-46.57
EBIT, 2 Yr. CAGR %	-	-	-68.84	-21.5
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-5.64	-29.03
Net Income, 2 Yr. CAGR %	-	-	-5.64	-29.03
Normalized Net Income, 2 Yr. CAGR %	-	-	-30.14	-59.69
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-6.96	-34.3
Accounts Receivable, 2 Yr. CAGR %	-	-	-15.05	-2.78
Inventory, 2 Yr. CAGR %	-	-	31.3	-4.73
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	29.94	37.79
Total Assets, 2 Yr. CAGR %	-	-	38.17	15.09
Tangible Book Value, 2 Yr. CAGR %	-	-	67.22	3.2
Common Equity, 2 Yr. CAGR %	-	-	52.62	4.6
Cash From Operations, 2 Yr. CAGR %	-	-	-85.03	26.44
Capital Expenditures, 2 Yr. CAGR %	-	-	90.56	35.19
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	113.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	193.83
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	36.75
Gross Profit, 3 Yr. CAGR %	-	-	-	3.57
EBITDA, 3 Yr. CAGR %	-	-	-	-21.21
EBITA, 3 Yr. CAGR %	-	-	-	-25.14
EBIT, 3 Yr. CAGR %	-	-	-	-3.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-8.48
Net Income, 3 Yr. CAGR %	-	-	-	-8.48
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-37.23
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-13.87
Accounts Receivable, 3 Yr. CAGR %	-	-	-	3.06
Inventory, 3 Yr. CAGR %	-	-	-	14.32
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	40.62
Total Assets, 3 Yr. CAGR %	-	-	-	32.67
Tangible Book Value, 3 Yr. CAGR %	-	-	-	49.08
Common Equity, 3 Yr. CAGR %	-	-	-	40.08
Cash From Operations, 3 Yr. CAGR %	-	-	-	37.82
Capital Expenditures, 3 Yr. CAGR %	-	-	-	141.48