IST:ASELS 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	180,445	157,340	106,252	66,860	20,139
Revenue Growth (YoY)	14.69%	48.08%	58.92%	231.99%	25.05%
Cost of Revenue	123,018	107,393	77,225	49,027	13,490
Gross Profit	57,427	49,946	29,028	17,833	6,649
Selling, General & Admin	9,413	10,368	6,975	4,219	1,228
Research & Development	6,252	4,343	3,820	2,018	332.75
Other Operating Expenses	436.83	849.16	309.03	-46.24	-104.34
Operating Expenses	16,102	15,560	11,104	6,191	1,457
Operating Income	41,325	34,386	17,923	11,642	5,192
Interest Expense	-6,217	-5,742	-4,446	-2,021	-620.77
Interest & Investment Income	6,318	3,313	2,055	1,118	387.21
Earnings From Equity Investments	-254.22	-75.91	-2.13	31.9	-2.82
Currency Exchange Gain (Loss)	-1,229	-2,907	9,549	2,901	2,330
Other Non Operating Income (Expenses)	-13,552	-18,154	-14,647	-14,574	-
EBT Excluding Unusual Items	26,391	10,819	10,432	-902.35	7,286
Legal Settlements	-	-	-22.4	-9.87	-89.8
Pretax Income	26,391	10,819	10,409	-912.23	7,196
Income Tax Expense	-3,527	-9,106	-237.7	-2,102	69.08
Earnings From Continuing Operations	29,918	19,925	10,647	1,189	7,127
Minority Interest in Earnings	31.79	99.51	-120.98	92.65	3.22
Net Income	29,950	20,025	10,526	1,282	7,131
Net Income to Common	29,950	20,025	10,526	1,282	7,131
Net Income Growth	49.56%	90.24%	721.08%	-82.02%	60.27%
Shares Outstanding (Basic)	4,560	4,560	4,560	4,560	4,560
Shares Outstanding (Diluted)	4,560	4,560	4,560	4,560	4,560
EPS (Basic)	6.57	4.39	2.31	0.28	1.56
EPS (Diluted)	6.57	4.39	2.31	0.28	1.56
EPS Growth	49.56%	90.24%	721.07%	-82.02%	60.27%
Free Cash Flow	34,934	20,145	4,451	7,321	1,044
Free Cash Flow Per Share	7.66	4.42	0.98	1.61	0.23
Dividend Per Share	-	0.235	0.112	0.088	0.101
Dividend Growth	-	109.80%	27.53%	-13.08%	15.05%
Gross Margin	31.82%	31.74%	27.32%	26.67%	33.02%
Operating Margin	22.90%	21.86%	16.87%	17.41%	25.78%
Profit Margin	16.60%	12.73%	9.91%	1.92%	35.41%
Free Cash Flow Margin	19.36%	12.80%	4.19%	10.95%	5.19%
EBITDA	46,861	38,638	22,835	14,088	5,625
EBITDA Margin	25.97%	24.56%	21.49%	21.07%	27.93%
D&A For EBITDA	5,536	4,252	4,912	2,446	432.19
EBIT	41,325	34,386	17,923	11,642	5,192
EBIT Margin	22.90%	21.86%	16.87%	17.41%	25.78%
Effective Tax Rate	-	-	-	-	0.96%
Advertising Expenses	115.18	35.43	29.68	15.72	5.35

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