IST:AEFES 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	243,847	302,825	230,829	155,060	39,284
Revenue Growth (YoY)	-19.48%	31.19%	48.86%	294.71%	46.90%
Cost of Revenue	153,108	185,071	146,562	102,124	25,252
Gross Profit	90,739	117,754	84,267	52,936	14,032
Selling, General & Admin	64,114	82,519	56,002	36,170	9,943
Other Operating Expenses	798.88	183.44	-909.39	-542.18	-412.77
Operating Expenses	64,913	82,702	55,092	35,628	9,530
Operating Income	25,827	35,051	29,175	17,308	4,502
Interest Expense	-19,215	-18,859	-9,708	-5,463	-1,092
Interest & Investment Income	7,826	5,733	4,383	1,770	1,039
Earnings From Equity Investments	5.29	-5.46	-207.66	445.5	-542.38
Currency Exchange Gain (Loss)	-574.68	3,463	-456.74	1,417	618.64
Other Non Operating Income (Expenses)	11,702	14,895	37,163	15,417	-398.84
EBT Excluding Unusual Items	25,571	40,277	60,347	30,896	4,127
Gain (Loss) on Sale of Investments	-381.78	-368.08	-654.51	-1,087	-333.89
Other Unusual Items	147.88	-13.28	1.72	3.85	1.21
Pretax Income	25,603	40,572	59,849	29,822	3,803
Income Tax Expense	8,266	10,015	11,422	6,818	1,436
Earnings From Continuing Operations	17,337	30,556	48,427	23,004	2,367
Net Income to Company	17,337	30,556	48,427	23,004	2,367
Minority Interest in Earnings	-8,380	-13,387	-16,478	-7,619	-1,299
Net Income	8,957	17,169	31,950	15,384	1,068
Net Income to Common	8,957	17,169	31,950	15,384	1,068
Net Income Growth	-47.83%	-46.26%	107.68%	1340.06%	31.12%
Shares Outstanding (Basic)	5,921	5,921	5,921	5,921	5,921
Shares Outstanding (Diluted)	5,921	5,921	5,921	5,921	5,921
EPS (Basic)	1.51	2.90	5.40	2.60	0.18
EPS (Diluted)	1.51	2.90	5.40	2.60	0.18
EPS Growth	-47.83%	-46.26%	107.68%	1340.06%	31.12%
Free Cash Flow	16,680	19,157	20,297	6,200	5,133
Free Cash Flow Per Share	2.82	3.23	3.43	1.05	0.87
Dividend Per Share	-	0.127	0.235	0.213	0.185
Dividend Growth	-	-45.79%	10.28%	14.88%	-4.13%
Gross Margin	37.21%	38.88%	36.51%	34.14%	35.72%
Operating Margin	10.59%	11.58%	12.64%	11.16%	11.46%
Profit Margin	3.67%	5.67%	13.84%	9.92%	2.72%
Free Cash Flow Margin	6.84%	6.33%	8.79%	4.00%	13.07%
EBITDA	37,944	49,143	39,531	25,526	6,779
EBITDA Margin	15.56%	16.23%	17.13%	16.46%	17.26%
D&A For EBITDA	12,118	14,092	10,357	8,218	2,277
EBIT	25,827	35,051	29,175	17,308	4,502
EBIT Margin	10.59%	11.58%	12.64%	11.16%	11.46%
Effective Tax Rate	32.29%	24.69%	19.08%	22.86%	37.75%

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