IST:AYES 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	12,061	7,460	7,794	5,390	1,341
Revenue Growth (YoY)	61.68%	-4.29%	44.61%	302.05%	122.18%
Cost of Revenue	11,549	7,221	7,174	4,963	1,212
Gross Profit	511.54	238.68	620.26	426.63	128.1
Selling, General & Admin	293.98	194.91	196.2	97.54	30.89
Other Operating Expenses	-97.67	48.53	11.02	-1.1	4.96
Operating Expenses	196.31	243.43	207.22	96.43	35.85
Operating Income	315.22	-4.76	413.04	330.2	92.25
Interest Expense	-375.62	-463.28	-195.98	-79.14	-10.31
Interest & Investment Income	438.82	546.65	150.57	30.67	0.63
Currency Exchange Gain (Loss)	-	-5.84	22.35	-18.46	-39.57
Other Non Operating Income (Expenses)	710.11	-86	-200.05	-159.7	-
EBT Excluding Unusual Items	1,089	-13.24	189.93	103.56	43.01
Gain (Loss) on Sale of Investments	-95.1	-4.24	-21.66	-	-
Gain (Loss) on Sale of Assets	-	2.31	1.96	2.23	3.95
Legal Settlements	-	-1.14	0.17	0.39	-0.43
Pretax Income	993.43	-16.31	170.4	106.18	46.52
Income Tax Expense	-36.77	-72.21	53.33	21.9	10.63
Net Income	1,030	55.9	117.07	84.28	35.89
Net Income to Common	1,030	55.9	117.07	84.28	35.89
Net Income Growth	1742.89%	-52.25%	38.90%	134.84%	132.65%
Shares Outstanding (Basic)	-	150	150	150	150
Shares Outstanding (Diluted)	-	150	150	150	150
EPS (Basic)	-	0.37	0.78	0.56	0.24
EPS (Diluted)	-	0.37	0.78	0.56	0.24
EPS Growth	-	-52.25%	38.89%	134.84%	139.26%
Free Cash Flow	-933.16	412.62	-1,213	88.32	-61.95
Free Cash Flow Per Share	-	2.75	-8.09	0.59	-0.41
Dividend Per Share	-	0.059	0.060	0.049	-
Dividend Growth	-	-2.12%	22.65%	-	-
Gross Margin	4.24%	3.20%	7.96%	7.92%	9.55%
Operating Margin	2.61%	-0.06%	5.30%	6.13%	6.88%
Profit Margin	8.54%	0.75%	1.50%	1.56%	2.68%
Free Cash Flow Margin	-7.74%	5.53%	-15.56%	1.64%	-4.62%
EBITDA	362.02	35.11	420.04	337.3	94.86
EBITDA Margin	3.00%	0.47%	5.39%	6.26%	7.08%
D&A For EBITDA	46.8	39.87	7	7.1	2.61
EBIT	315.22	-4.76	413.04	330.2	92.25
EBIT Margin	2.61%	-0.06%	5.30%	6.13%	6.88%
Effective Tax Rate	-	-	31.30%	20.62%	22.86%
Advertising Expenses	-	0.72	0.24	0.22	0.07

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