IST:AYDEM 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	12,920	8,617	9,181	7,566	1,241
Revenue Growth (YoY)	49.94%	-6.14%	21.35%	509.76%	-7.43%
Operations & Maintenance	13.9	10.63	7.08	6.73	2.07
Selling, General & Admin	843.1	831.89	904.71	318.2	94.15
Other Operating Expenses	10,059	6,468	5,292	3,232	705.76
Total Operating Expenses	10,916	7,310	6,204	3,557	801.97
Operating Income	2,005	1,307	2,977	4,008	438.78
Interest Expense	-2,861	-2,892	-2,576	-1,765	-488.32
Interest Income	3,192	1,508	1,009	82.59	10.55
Net Interest Expense	331.18	-1,385	-1,567	-1,682	-477.77
Currency Exchange Gain (Loss)	-7,335	-5,256	-14,256	-978.53	34.13
Other Non-Operating Income (Expenses)	5,945	9,360	13,692	13,254	-14.79
EBT Excluding Unusual Items	944.85	4,027	844.71	14,601	-19.64
Gain (Loss) on Sale of Investments	-2,685	-24,982	-5,289	-4,954	-
Insurance Settlements	5.05	160.98	-	12.53	6.38
Legal Settlements	-3.03	-2.6	-32.04	3.19	-1.07
Other Unusual Items	-	-	188.14	435.71	-
Pretax Income	-1,738	-20,796	-4,289	10,099	-14.33
Income Tax Expense	1,066	-5,390	-2,440	5,126	105.96
Earnings From Continuing Ops.	-2,804	-15,406	-1,848	4,973	-120.29
Net Income	-2,804	-15,406	-1,848	4,973	-120.29
Net Income to Common	-2,804	-15,406	-1,848	4,973	-120.29
Shares Outstanding (Basic)	699	699	701	701	703
Shares Outstanding (Diluted)	699	699	701	701	703
Shares Change (YoY)	-	-0.27%	-0.01%	-0.36%	0.48%
EPS (Basic)	-4.01	-22.04	-2.64	7.10	-0.17
EPS (Diluted)	-4.01	-22.04	-2.64	7.10	-0.17
Free Cash Flow	6,685	3,868	3,236	4,542	1,104
Free Cash Flow Per Share	9.56	5.53	4.62	6.48	1.57
Dividend Per Share	-	-	0.546	-	-
Profit Margin	-21.70%	-178.78%	-20.13%	65.73%	-9.70%
Free Cash Flow Margin	51.74%	44.88%	35.25%	60.04%	88.95%
EBITDA	4,742	5,136	5,943	6,097	887.32
EBITDA Margin	36.70%	59.60%	64.73%	80.59%	71.52%
D&A For EBITDA	2,737	3,829	2,966	2,089	448.54
EBIT	2,005	1,307	2,977	4,008	438.78
EBIT Margin	15.52%	15.17%	32.42%	52.98%	35.36%
Effective Tax Rate	-	-	-	50.76%	-

Source: S&P Global Market Intelligence. Utility template. Financial Sources.