IST:ALVES Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,395	4,626	1,550	423.35	165.93
Revenue Growth (YoY)	16.63%	198.35%	266.24%	155.13%	-
Cost of Revenue	4,335	3,763	1,356	380.92	153.28
Gross Profit	1,061	863.2	194.12	42.43	12.66
Selling, General & Admin	158.27	151.22	57.3	16.22	8.7
Other Operating Expenses	11.22	10.17	-42.97	-19.19	-5.73
Operating Expenses	169.49	161.4	14.33	-2.98	2.97
Operating Income	891.27	701.8	179.79	45.4	9.69
Interest Expense	-436.48	-203.17	-90.84	-23.46	-8.68
Interest & Investment Income	50.53	0.04	0.78	0.11	0.06
Currency Exchange Gain (Loss)	-15.83	-14.38	-15.72	-7.81	0.12
Other Non Operating Income (Expenses)	-320.69	11.28	-32.31	-	-
EBT Excluding Unusual Items	168.8	495.57	41.69	14.25	1.19
Gain (Loss) on Sale of Investments	-72.49	-	-0.17	-0.14	-
Pretax Income	96.31	495.57	41.52	14.1	1.19
Income Tax Expense	-7.68	74.63	-6.08	-1.36	-0.07
Earnings From Continuing Operations	104	420.94	47.6	15.46	1.26
Minority Interest in Earnings	-	-	-	0.68	0.94
Net Income	104	420.94	47.6	16.14	2.2
Net Income to Common	104	420.94	47.6	16.14	2.2
Net Income Growth	-75.29%	784.32%	194.91%	633.93%	-
Shares Outstanding (Basic)	160	160	50	8	5
Shares Outstanding (Diluted)	160	160	50	8	5
Shares Change (YoY)	-	220.97%	513.66%	62.47%	-
EPS (Basic)	0.65	2.63	0.95	1.99	0.44
EPS (Diluted)	0.65	2.63	0.95	1.99	0.44
EPS Growth	-75.29%	175.52%	-51.94%	351.74%	-
Free Cash Flow	-841.36	-421.79	-87.31	42.63	-72.59
Free Cash Flow Per Share	-5.26	-2.64	-1.75	5.25	-14.52
Gross Margin	19.66%	18.66%	12.52%	10.02%	7.63%
Operating Margin	16.52%	15.17%	11.60%	10.72%	5.84%
Profit Margin	1.93%	9.10%	3.07%	3.81%	1.32%
Free Cash Flow Margin	-15.59%	-9.12%	-5.63%	10.07%	-43.75%
EBITDA	1,016	764.85	187.7	49.02	12.08
EBITDA Margin	18.84%	16.54%	12.11%	11.58%	7.28%
D&A For EBITDA	125.1	63.05	7.91	3.62	2.39
EBIT	891.27	701.8	179.79	45.4	9.69
EBIT Margin	16.52%	15.17%	11.60%	10.72%	5.84%
Effective Tax Rate	-	15.06%	-	-	-
Advertising Expenses	12.12	18.26	2.39	1.95	0.29

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.