IST:BANVT 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	33,492	41,275	30,789	20,274	5,321
Revenue Growth (YoY)	-18.86%	34.06%	51.86%	280.98%	44.69%
Cost of Revenue	32,644	31,750	27,223	20,837	4,652
Gross Profit	847.97	9,525	3,566	-563.25	669.88
Selling, General & Admin	3,594	4,005	2,379	1,585	373.58
Research & Development	0.72	1.16	0.62	0.34	3.15
Other Operating Expenses	348.44	-878.84	-1,135	-168.86	-4.73
Operating Expenses	3,943	3,127	1,245	1,417	372
Operating Income	-3,095	6,398	2,321	-1,980	297.87
Interest Expense	-894.56	-1,022	-878.29	-424.78	-193.48
Interest & Investment Income	2,092	1,339	192.84	104.25	220.44
Currency Exchange Gain (Loss)	-269.74	-409.4	-2,137	-576.34	-167.26
Other Non Operating Income (Expenses)	-739.78	334.78	2,535	1,939	-13.85
EBT Excluding Unusual Items	-2,906	6,640	2,034	-937.65	143.72
Gain (Loss) on Sale of Investments	-	-	-	-	-25.78
Gain (Loss) on Sale of Assets	-	96.34	-	-	-
Pretax Income	-2,906	6,736	2,034	-937.65	118.29
Income Tax Expense	208.8	2,025	587.9	14.41	23.14
Earnings From Continuing Operations	-3,115	4,711	1,446	-952.06	95.15
Earnings From Discontinued Operations	-	-	-71.26	-30.61	-
Net Income	-3,115	4,711	1,374	-982.67	95.15
Net Income to Common	-3,115	4,711	1,374	-982.67	95.15
Net Income Growth	-	242.75%	-	-	-
Shares Outstanding (Basic)	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100
EPS (Basic)	-31.14	47.10	13.74	-9.82	0.95
EPS (Diluted)	-31.14	47.10	13.74	-9.82	0.95
EPS Growth	-	242.75%	-	-	-
Free Cash Flow	-23,409	-16,463	-15,812	-14,440	-3,450
Free Cash Flow Per Share	-234.04	-164.60	-158.09	-144.37	-34.49
Gross Margin	2.53%	23.08%	11.58%	-2.78%	12.59%
Operating Margin	-9.24%	15.50%	7.54%	-9.77%	5.60%
Profit Margin	-9.30%	11.41%	4.46%	-4.85%	1.79%
Free Cash Flow Margin	-69.89%	-39.89%	-51.36%	-71.23%	-64.83%
EBITDA	-1,353	8,290	4,013	-1,261	525.22
EBITDA Margin	-4.04%	20.08%	13.03%	-6.22%	9.87%
D&A For EBITDA	1,741	1,892	1,692	719.22	227.35
EBIT	-3,095	6,398	2,321	-1,980	297.87
EBIT Margin	-9.24%	15.50%	7.54%	-9.77%	5.60%
Effective Tax Rate	-	30.06%	28.91%	-	19.56%
Advertising Expenses	86.01	98.32	43.73	54.27	21.92

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.