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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	13,055	14,671	12,955	11,002	13,002
Revenue Growth (YoY)	13.98%	13.25%	17.75%	-15.38%	-
Cost of Revenue	12,103	13,126	11,297	10,063	10,835
Gross Profit	952.47	1,544	1,658	938.52	2,167
Selling, General & Admin	713.37	708.38	667.6	621.13	524.23
Other Operating Expenses	-1.19	-96.82	-130.53	-38.39	-19.63
Operating Expenses	712.18	611.56	537.07	582.75	504.59
Operating Income	240.29	932.67	1,121	355.78	1,662
Interest Expense	-1,263	-1,211	-1,005	-540.27	-326.24
Interest & Investment Income	30.02	21.94	7.08	31.88	45.13
Currency Exchange Gain (Loss)	-202.27	-111.62	11.4	398.59	782.68
Other Non Operating Income (Expenses)	354.92	545.93	717.75	-317.31	-1,326
EBT Excluding Unusual Items	-839.78	177.97	851.8	-71.34	837.06
Gain (Loss) on Sale of Investments	-0.06	-0.1	-	-6.84	-130.55
Pretax Income	-839.98	177.88	851.8	-78.18	706.51
Income Tax Expense	-43.78	-27.76	-166.68	-137.71	217.97
Net Income	-796.21	205.63	1,018	59.53	488.54
Net Income to Common	-796.21	205.63	1,018	59.53	488.54
Net Income Growth	-	-79.81%	1610.90%	-87.81%	-
Shares Outstanding (Basic)	114	98	98	98	98
Shares Outstanding (Diluted)	114	98	98	98	98
EPS (Basic)	-6.98	2.09	10.37	0.61	4.98
EPS (Diluted)	-6.98	2.09	10.37	0.61	4.98
EPS Growth	-	-79.81%	1610.89%	-87.81%	-
Free Cash Flow	-1,978	-988.82	-40.93	-658.02	893.28
Free Cash Flow Per Share	-17.34	-10.07	-0.42	-6.70	9.10
Gross Margin	7.30%	10.53%	12.80%	8.53%	16.66%
Operating Margin	1.84%	6.36%	8.65%	3.23%	12.78%
Profit Margin	-6.10%	1.40%	7.86%	0.54%	3.76%
Free Cash Flow Margin	-15.15%	-6.74%	-0.32%	-5.98%	6.87%
EBITDA	334.63	1,039	1,205	429.47	1,697
EBITDA Margin	2.56%	7.08%	9.30%	3.90%	13.05%
D&A For EBITDA	94.34	106.54	84.52	73.69	34.72
EBIT	240.29	932.67	1,121	355.78	1,662
EBIT Margin	1.84%	6.36%	8.65%	3.23%	12.78%
Effective Tax Rate	-	-	-	-	30.85%
Advertising Expenses	-	3.72	17.62	-	-

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