IST:ALVES 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	9,665	7,062	4,626	1,550	423.35
Revenue Growth (YoY)	36.86%	52.67%	198.35%	266.24%	155.13%
Cost of Revenue	7,474	5,674	3,763	1,356	380.92
Gross Profit	2,191	1,388	863.2	194.12	42.43
Selling, General & Admin	333.61	207.17	151.22	57.3	16.22
Other Operating Expenses	-11.77	14.69	10.17	-42.97	-19.19
Operating Expenses	321.84	221.85	161.4	14.33	-2.98
Operating Income	1,869	1,167	701.8	179.79	45.4
Interest Expense	-1,329	-571.32	-203.17	-90.84	-23.46
Interest & Investment Income	175.36	66.14	0.04	0.78	0.11
Currency Exchange Gain (Loss)	-116.32	-20.72	-14.38	-15.72	-7.81
Other Non Operating Income (Expenses)	-268.91	-419.75	11.28	-32.31	-
EBT Excluding Unusual Items	330.29	220.95	495.57	41.69	14.25
Gain (Loss) on Sale of Investments	-3.82	-94.88	-	-0.17	-0.14
Pretax Income	326.52	126.07	495.57	41.52	14.1
Income Tax Expense	223.62	-10.06	74.63	-6.08	-1.36
Earnings From Continuing Operations	102.9	136.12	420.94	47.6	15.46
Minority Interest in Earnings	-	-	-	-	0.68
Net Income	102.9	136.12	420.94	47.6	16.14
Net Income to Common	102.9	136.12	420.94	47.6	16.14
Net Income Growth	-24.41%	-67.66%	784.32%	194.91%	633.93%
Shares Outstanding (Basic)	1,600	1,600	1,600	498	81
Shares Outstanding (Diluted)	1,600	1,600	1,600	498	81
Shares Change (YoY)	-	-	220.97%	513.66%	62.47%
EPS (Basic)	0.06	0.09	0.26	0.10	0.20
EPS (Diluted)	0.06	0.09	0.26	0.10	0.20
EPS Growth	-24.41%	-67.66%	175.52%	-51.94%	351.75%
Free Cash Flow	-1,430	-1,101	-421.79	-87.31	42.63
Free Cash Flow Per Share	-0.89	-0.69	-0.26	-0.17	0.53
Gross Margin	22.67%	19.66%	18.66%	12.52%	10.02%
Operating Margin	19.34%	16.52%	15.17%	11.60%	10.72%
Profit Margin	1.06%	1.93%	9.10%	3.07%	3.81%
Free Cash Flow Margin	-14.80%	-15.59%	-9.12%	-5.63%	10.07%
EBITDA	2,053	1,311	764.85	187.7	49.02
EBITDA Margin	21.24%	18.57%	16.54%	12.11%	11.58%
D&A For EBITDA	183.73	144.52	63.05	7.91	3.62
EBIT	1,869	1,167	701.8	179.79	45.4
EBIT Margin	19.34%	16.52%	15.17%	11.60%	10.72%
Effective Tax Rate	68.49%	-	15.06%	-	-
Advertising Expenses	48.52	15.87	18.26	2.39	1.95

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