IST:BARMA 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	3,380	3,494	2,859	2,847	771.09
Revenue Growth (YoY)	-3.26%	22.20%	0.42%	269.22%	87.10%
Cost of Revenue	2,440	2,593	2,158	2,051	566.81
Gross Profit	939.79	901.04	701	796.16	204.28
Selling, General & Admin	737.06	533.24	253.84	151.59	39.37
Other Operating Expenses	-11.66	-34.81	108.06	42	-1.03
Operating Expenses	725.4	498.43	361.9	193.59	38.33
Operating Income	214.39	402.61	339.1	602.57	165.95
Interest Expense	-581.45	-429.02	-173.23	-117.08	-19.2
Interest & Investment Income	7.01	54.89	129.04	50.19	17.55
Currency Exchange Gain (Loss)	-8.35	144.16	246.62	47.11	4.82
Other Non Operating Income (Expenses)	474.87	47.61	-339.11	-272.25	-8.21
EBT Excluding Unusual Items	106.46	220.25	202.41	310.53	160.92
Gain (Loss) on Sale of Investments	2.6	17.25	19.41	-	-
Pretax Income	109.06	237.5	221.82	310.53	160.95
Income Tax Expense	130.65	-55.3	55.55	101.14	38.79
Net Income	-21.59	292.8	166.27	209.4	122.16
Net Income to Common	-21.59	292.8	166.27	209.4	122.16
Net Income Growth	-	76.10%	-20.59%	71.41%	160.76%
Shares Outstanding (Basic)	263	263	263	263	225
Shares Outstanding (Diluted)	263	263	263	263	225
Shares Change (YoY)	-0.04%	0.04%	-	16.67%	9900.00%
EPS (Basic)	-0.08	1.11	0.63	0.80	0.54
EPS (Diluted)	-0.08	1.11	0.63	0.80	0.54
EPS Growth	-	76.03%	-20.59%	46.92%	-97.39%
Free Cash Flow	-1,299	-2,256	-465.84	-34.43	-44.35
Free Cash Flow Per Share	-4.95	-8.59	-1.77	-0.13	-0.20
Gross Margin	27.80%	25.79%	24.52%	27.96%	26.49%
Operating Margin	6.34%	11.52%	11.86%	21.16%	21.52%
Profit Margin	-0.64%	8.38%	5.82%	7.36%	15.84%
Free Cash Flow Margin	-38.44%	-64.58%	-16.29%	-1.21%	-5.75%
EBITDA	478.07	618.35	474.04	690.19	180.7
EBITDA Margin	14.14%	17.70%	16.58%	24.24%	23.43%
D&A For EBITDA	263.68	215.74	134.94	87.62	14.75
EBIT	214.39	402.61	339.1	602.57	165.95
EBIT Margin	6.34%	11.52%	11.86%	21.16%	21.52%
Effective Tax Rate	119.79%	-	25.04%	32.57%	24.10%
Advertising Expenses	6.82	7.15	7.26	7.77	0.89

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