IST:AZTEK 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	9,009	10,493	8,645	4,864	1,082
Revenue Growth (YoY)	-14.14%	21.37%	77.74%	349.72%	44.46%
Cost of Revenue	7,907	8,674	7,000	4,239	920.06
Gross Profit	1,103	1,819	1,645	624.58	161.5
Selling, General & Admin	700.33	581.13	338.84	150.65	33.43
Other Operating Expenses	1.27	0.35	-0.26	-0.46	-0.37
Operating Expenses	701.17	582.47	338.09	150.81	33.06
Operating Income	401.42	1,236	1,307	473.76	128.44
Interest Expense	-786.14	-649.97	-300.15	-107.14	-27.04
Interest & Investment Income	110.72	108.55	62.15	31.1	13.32
Currency Exchange Gain (Loss)	63.14	58.51	82.86	7.57	2.77
Other Non Operating Income (Expenses)	-254.97	-530.08	-477.19	-121.22	0.5
EBT Excluding Unusual Items	-465.83	223.39	674.76	284.08	118
Gain (Loss) on Sale of Investments	106.04	257.85	71.14	-	-
Pretax Income	-359.79	481.24	745.91	284.08	118
Income Tax Expense	50.62	184.84	335.28	115.43	29.38
Earnings From Continuing Operations	-410.41	296.4	410.63	168.65	88.62
Minority Interest in Earnings	0.67	2.24	1.23	-0.55	-0.07
Net Income	-409.74	298.64	411.86	168.1	88.55
Preferred Dividends & Other Adjustments	-	-	-	-0	-
Net Income to Common	-409.74	298.64	411.86	168.1	88.55
Net Income Growth	-	-27.49%	145.00%	89.83%	15.32%
Shares Outstanding (Basic)	1,000	1,000	1,000	867	800
Shares Outstanding (Diluted)	1,000	1,000	1,000	867	800
Shares Change (YoY)	-	-	15.38%	8.33%	-
EPS (Basic)	-0.41	0.30	0.41	0.19	0.11
EPS (Diluted)	-0.41	0.30	0.41	0.19	0.11
EPS Growth	-	-27.49%	112.34%	75.23%	15.32%
Free Cash Flow	-296.26	-75.63	-255.87	-168.5	10.24
Free Cash Flow Per Share	-0.30	-0.08	-0.26	-0.19	0.01
Dividend Per Share	-	0.136	0.250	0.106	-
Dividend Growth	-	-45.73%	136.67%	-	-
Gross Margin	12.24%	17.33%	19.03%	12.84%	14.93%
Operating Margin	4.46%	11.78%	15.12%	9.74%	11.88%
Profit Margin	-4.55%	2.85%	4.76%	3.46%	8.19%
Free Cash Flow Margin	-3.29%	-0.72%	-2.96%	-3.46%	0.95%
EBITDA	441.07	1,266	1,325	484.96	130.43
EBITDA Margin	4.90%	12.06%	15.33%	9.97%	12.06%
D&A For EBITDA	39.65	29.19	18.36	11.2	1.99
EBIT	401.42	1,236	1,307	473.76	128.44
EBIT Margin	4.46%	11.78%	15.12%	9.74%	11.88%
Effective Tax Rate	-	38.41%	44.95%	40.63%	24.90%
Advertising Expenses	35.34	24.02	16.27	4.66	1.23

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