IST:ADEL Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,100	3,550	3,265	1,675	486.16
Revenue Growth (YoY)	-40.85%	8.71%	94.94%	244.56%	24.29%
Cost of Revenue	1,267	1,733	1,741	1,253	332.29
Gross Profit	832.78	1,817	1,525	421.88	153.87
Selling, General & Admin	1,011	1,329	985.99	427.91	112.95
Research & Development	17.5	24.82	17.88	10.15	1.33
Other Operating Expenses	18.58	39.81	28.41	3.35	2.04
Operating Expenses	1,047	1,393	1,032	441.41	116.33
Operating Income	-214.03	423.49	492.3	-19.53	37.54
Interest Expense	-748.01	-751	-458.14	-281.66	-66.6
Interest & Investment Income	69.66	196.07	192.28	62.47	14.44
Earnings From Equity Investments	-	-	-1.62	-	-
Currency Exchange Gain (Loss)	12.84	49.4	111.88	28.55	0.12
Other Non Operating Income (Expenses)	186.43	147.59	295.6	198.36	-0.4
EBT Excluding Unusual Items	-693.11	65.55	632.3	-11.81	-14.91
Gain (Loss) on Sale of Investments	36.89	40.93	5.56	-0.14	-0.01
Legal Settlements	-	-6.63	-	-	1.13
Pretax Income	-656.22	99.84	637.87	-11.95	-13.78
Income Tax Expense	-153.86	75.44	8.42	7.48	-1.08
Net Income	-502.37	24.4	629.44	-19.43	-12.7
Net Income to Common	-502.37	24.4	629.44	-19.43	-12.7
Net Income Growth	-	-96.12%	-	-	-
Shares Outstanding (Basic)	260	260	260	260	260
Shares Outstanding (Diluted)	260	260	260	260	260
EPS (Basic)	-1.93	0.09	2.42	-0.07	-0.05
EPS (Diluted)	-1.93	0.09	2.42	-0.07	-0.05
EPS Growth	-	-96.12%	-	-	-
Free Cash Flow	-303.37	388.48	330.41	66.13	30.23
Free Cash Flow Per Share	-1.17	1.50	1.27	0.25	0.12
Dividend Per Share	-	0.577	0.577	0.069	0.058
Dividend Growth	-	0.02%	732.90%	20.10%	-
Gross Margin	39.66%	51.18%	46.69%	25.19%	31.65%
Operating Margin	-10.19%	11.93%	15.08%	-1.17%	7.72%
Profit Margin	-23.93%	0.69%	19.28%	-1.16%	-2.61%
Free Cash Flow Margin	-14.45%	10.94%	10.12%	3.95%	6.22%
EBITDA	-114.58	538.61	590.78	42.5	47.87
EBITDA Margin	-5.46%	15.17%	18.09%	2.54%	9.85%
D&A For EBITDA	99.45	115.13	98.48	62.02	10.33
EBIT	-214.03	423.49	492.3	-19.53	37.54
EBIT Margin	-10.19%	11.93%	15.08%	-1.17%	7.72%
Effective Tax Rate	-	75.56%	1.32%	-	-
Advertising Expenses	51.36	107.5	39.82	15.16	5.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.