IST:ALVES Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	6,145	5,395	4,626	1,550	423.35	165.93
Revenue Growth (YoY)	9.04%	16.63%	198.35%	266.24%	155.13%	-
Cost of Revenue	4,884	4,335	3,763	1,356	380.92	153.28
Gross Profit	1,262	1,061	863.2	194.12	42.43	12.66
Selling, General & Admin	204.47	158.27	151.22	57.3	16.22	8.7
Other Operating Expenses	7.04	11.22	10.17	-42.97	-19.19	-5.73
Operating Expenses	211.51	169.49	161.4	14.33	-2.98	2.97
Operating Income	1,050	891.27	701.8	179.79	45.4	9.69
Interest Expense	-642.63	-436.48	-203.17	-90.84	-23.46	-8.68
Interest & Investment Income	29.44	50.53	0.04	0.78	0.11	0.06
Currency Exchange Gain (Loss)	-81.71	-15.83	-14.38	-15.72	-7.81	0.12
Other Non Operating Income (Expenses)	-87.67	-320.69	11.28	-32.31	-	-
EBT Excluding Unusual Items	267.5	168.8	495.57	41.69	14.25	1.19
Gain (Loss) on Sale of Investments	-72.49	-72.49	-	-0.17	-0.14	-
Pretax Income	195.02	96.31	495.57	41.52	14.1	1.19
Income Tax Expense	61.51	-7.68	74.63	-6.08	-1.36	-0.07
Earnings From Continuing Operations	133.51	104	420.94	47.6	15.46	1.26
Minority Interest in Earnings	-	-	-	-	0.68	0.94
Net Income	133.51	104	420.94	47.6	16.14	2.2
Net Income to Common	133.51	104	420.94	47.6	16.14	2.2
Net Income Growth	-56.93%	-75.29%	784.32%	194.91%	633.93%	-
Shares Outstanding (Basic)	160	160	160	50	8	5
Shares Outstanding (Diluted)	160	160	160	50	8	5
Shares Change (YoY)	-	-	220.97%	513.66%	62.47%	-
EPS (Basic)	0.83	0.65	2.63	0.95	1.99	0.44
EPS (Diluted)	0.83	0.65	2.63	0.95	1.99	0.44
EPS Growth	-56.93%	-75.29%	175.52%	-51.94%	351.74%	-
Free Cash Flow	-888.42	-841.36	-421.79	-87.31	42.63	-72.59
Free Cash Flow Per Share	-5.55	-5.26	-2.64	-1.75	5.25	-14.52
Gross Margin	20.53%	19.66%	18.66%	12.52%	10.02%	7.63%
Operating Margin	17.09%	16.52%	15.17%	11.60%	10.72%	5.84%
Profit Margin	2.17%	1.93%	9.10%	3.07%	3.81%	1.32%
Free Cash Flow Margin	-14.46%	-15.59%	-9.12%	-5.63%	10.07%	-43.75%
EBITDA	1,176	1,016	764.85	187.7	49.02	12.08
EBITDA Margin	19.13%	18.84%	16.54%	12.11%	11.58%	7.28%
D&A For EBITDA	125.46	125.1	63.05	7.91	3.62	2.39
EBIT	1,050	891.27	701.8	179.79	45.4	9.69
EBIT Margin	17.09%	16.52%	15.17%	11.60%	10.72%	5.84%
Effective Tax Rate	31.54%	-	15.06%	-	-	-
Advertising Expenses	-	12.12	18.26	2.39	1.95	0.29

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.