IST:BARMA 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	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	Dec '20 Dec 31, 2020
Revenue	2,540	2,669	2,859	2,847	771.09	412.13
Revenue Growth (YoY)	-32.27%	-6.64%	0.42%	269.22%	87.10%	35.54%
Cost of Revenue	1,893	1,981	2,158	2,051	566.81	322.88
Gross Profit	646.51	688.38	701	796.16	204.28	89.25
Selling, General & Admin	563.93	407.39	253.84	151.59	39.37	27.71
Other Operating Expenses	-63.52	-26.6	108.06	42	-1.03	7.64
Operating Expenses	500.41	380.79	361.9	193.59	38.33	35.35
Operating Income	146.1	307.59	339.1	602.57	165.95	53.9
Interest Expense	-336.75	-327.77	-173.23	-117.08	-19.2	-13.6
Interest & Investment Income	19.36	41.94	129.04	50.19	17.55	2.86
Currency Exchange Gain (Loss)	115.61	110.14	246.62	47.11	4.82	-2.59
Other Non Operating Income (Expenses)	382.96	36.38	-339.11	-272.25	-8.21	-4.71
EBT Excluding Unusual Items	327.28	168.27	202.41	310.53	160.92	35.86
Gain (Loss) on Sale of Investments	-5.06	13.18	19.41	-	-	-
Pretax Income	322.22	181.44	221.82	310.53	160.95	37.07
Income Tax Expense	143.72	-42.25	55.55	101.14	38.79	-9.77
Net Income	178.5	223.69	166.27	209.4	122.16	46.85
Net Income to Common	178.5	223.69	166.27	209.4	122.16	46.85
Net Income Growth	0.90%	34.54%	-20.59%	71.41%	160.76%	87.58%
Shares Outstanding (Basic)	263	263	263	263	225	2
Shares Outstanding (Diluted)	263	263	263	263	225	2
Shares Change (YoY)	-0.00%	-	-	16.67%	9900.00%	-
EPS (Basic)	0.68	0.85	0.63	0.80	0.54	20.82
EPS (Diluted)	0.68	0.85	0.63	0.80	0.54	20.82
EPS Growth	0.90%	34.54%	-20.59%	46.92%	-97.39%	87.58%
Free Cash Flow	-1,956	-1,724	-465.84	-34.43	-44.35	-32.03
Free Cash Flow Per Share	-7.45	-6.57	-1.77	-0.13	-0.20	-14.24
Gross Margin	25.45%	25.79%	24.52%	27.96%	26.49%	21.66%
Operating Margin	5.75%	11.52%	11.86%	21.16%	21.52%	13.08%
Profit Margin	7.03%	8.38%	5.82%	7.36%	15.84%	11.37%
Free Cash Flow Margin	-77.03%	-64.58%	-16.29%	-1.21%	-5.75%	-7.77%
EBITDA	349.73	472.41	474.04	690.19	180.7	64.79
EBITDA Margin	13.77%	17.70%	16.58%	24.24%	23.43%	15.72%
D&A For EBITDA	203.63	164.82	134.94	87.62	14.75	10.88
EBIT	146.1	307.59	339.1	602.57	165.95	53.9
EBIT Margin	5.75%	11.52%	11.86%	21.16%	21.52%	13.08%
Effective Tax Rate	44.60%	-	25.04%	32.57%	24.10%	-
Advertising Expenses	-	5.46	7.26	7.77	0.89	0.12

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