IST:BALSU 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	15,782	14,671	12,955	11,002	13,002
Revenue Growth (YoY)	43.45%	13.25%	17.75%	-15.38%	-
Cost of Revenue	13,964	13,126	11,297	10,063	10,835
Gross Profit	1,818	1,544	1,658	938.52	2,167
Selling, General & Admin	728.82	708.38	667.6	621.13	524.23
Other Operating Expenses	-113.49	-96.82	-130.53	-38.39	-19.63
Operating Expenses	615.33	611.56	537.07	582.75	504.59
Operating Income	1,202	932.67	1,121	355.78	1,662
Interest Expense	-900.24	-1,211	-1,005	-540.27	-326.24
Interest & Investment Income	70.91	21.94	7.08	31.88	45.13
Currency Exchange Gain (Loss)	-520.89	-111.62	11.4	398.59	782.68
Other Non Operating Income (Expenses)	612.17	545.93	717.75	-317.31	-1,326
EBT Excluding Unusual Items	464.41	177.97	851.8	-71.34	837.06
Gain (Loss) on Sale of Investments	0.04	-0.1	-	-6.84	-130.55
Pretax Income	464.46	177.88	851.8	-78.18	706.51
Income Tax Expense	69.65	-27.76	-166.68	-137.71	217.97
Net Income	394.81	205.63	1,018	59.53	488.54
Net Income to Common	394.81	205.63	1,018	59.53	488.54
Net Income Growth	563.22%	-79.81%	1610.90%	-87.81%	-
Shares Outstanding (Basic)	98	98	98	98	98
Shares Outstanding (Diluted)	98	98	98	98	98
EPS (Basic)	4.02	2.09	10.37	0.61	4.98
EPS (Diluted)	4.02	2.09	10.37	0.61	4.98
EPS Growth	563.23%	-79.81%	1610.89%	-87.81%	-
Free Cash Flow	-1,526	-988.82	-40.93	-658.02	893.28
Free Cash Flow Per Share	-15.54	-10.07	-0.42	-6.70	9.10
Gross Margin	11.52%	10.53%	12.80%	8.53%	16.66%
Operating Margin	7.62%	6.36%	8.65%	3.23%	12.78%
Profit Margin	2.50%	1.40%	7.86%	0.54%	3.76%
Free Cash Flow Margin	-9.67%	-6.74%	-0.32%	-5.98%	6.87%
EBITDA	1,305	1,039	1,205	429.47	1,697
EBITDA Margin	8.27%	7.08%	9.30%	3.90%	13.05%
D&A For EBITDA	102.39	106.54	84.52	73.69	34.72
EBIT	1,202	932.67	1,121	355.78	1,662
EBIT Margin	7.62%	6.36%	8.65%	3.23%	12.78%
Effective Tax Rate	15.00%	-	-	-	30.85%
Advertising Expenses	-	3.72	17.62	-	-

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.