IST:BALAT Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4.56	10.08	21.32	10.98	4.55	2.1
Revenue Growth (YoY)	-76.79%	-52.73%	94.09%	141.30%	117.02%	243.82%
Cost of Revenue	17.4	13.73	32.05	13.64	3.75	1.69
Gross Profit	-12.83	-3.65	-10.74	-2.66	0.8	0.41
Selling, General & Admin	7.91	18.04	11.08	7.88	1.06	0.95
Other Operating Expenses	20.55	17.57	-5.9	1.75	12.06	0.8
Operating Expenses	28.46	35.61	5.18	9.62	13.13	1.75
Operating Income	-41.29	-39.26	-15.92	-12.28	-12.33	-1.34
Interest Expense	-0	-0.1	-0.53	-0.54	-0.29	-0.33
Interest & Investment Income	0.04	-	-	2.35	0.17	0.14
Currency Exchange Gain (Loss)	0.49	0.52	-3.31	0.77	1.21	-0.07
Other Non Operating Income (Expenses)	-74.37	30.26	39.6	17.51	-0	-0
EBT Excluding Unusual Items	-113.71	-8.58	19.84	7.81	-11.24	-1.6
Gain (Loss) on Sale of Assets	-1.53	-1.53	-	-	-	-
Other Unusual Items	-	-	-	-	1.23	1.17
Pretax Income	-115.24	-10.11	19.84	7.81	-10.01	-0.42
Income Tax Expense	-34.71	-	-27.71	11.24	0.9	-1.23
Earnings From Continuing Operations	-80.53	-10.11	47.56	-3.43	-10.9	0.81
Minority Interest in Earnings	15.4	-0.99	-6.93	1.63	-0.47	-0.48
Net Income	-65.14	-11.1	40.63	-1.8	-11.37	0.33
Net Income to Common	-65.14	-11.1	40.63	-1.8	-11.37	0.33
Shares Outstanding (Basic)	6	13	13	13	13	12
Shares Outstanding (Diluted)	6	13	13	13	13	12
Shares Change (YoY)	-69.92%	-	-	-	9.96%	-
EPS (Basic)	-10.53	-0.83	3.04	-0.13	-0.85	0.03
EPS (Diluted)	-10.53	-0.83	3.04	-0.13	-0.85	0.03
Free Cash Flow	12.12	-2.99	-21.06	1.58	-15.16	0.54
Free Cash Flow Per Share	1.96	-0.22	-1.57	0.12	-1.13	0.04
Gross Margin	-281.29%	-36.19%	-50.36%	-24.19%	17.56%	19.40%
Operating Margin	-905.09%	-389.56%	-74.66%	-111.81%	-270.86%	-63.93%
Profit Margin	-1427.63%	-110.10%	190.57%	-16.36%	-249.78%	15.60%
Free Cash Flow Margin	265.70%	-29.64%	-98.78%	14.40%	-333.14%	25.86%
EBITDA	-39.74	-36.36	-12.93	-10.27	-10.74	0.25
EBITDA Margin	-	-	-60.63%	-93.50%	-235.88%	11.98%
D&A For EBITDA	1.56	2.9	2.99	2.01	1.59	1.59
EBIT	-41.29	-39.26	-15.92	-12.28	-12.33	-1.34
EBIT Margin	-	-	-74.66%	-111.81%	-270.86%	-63.93%
Effective Tax Rate	-	-	-	143.89%	-	-

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