IST:BARMA Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,601	3,380	3,494	2,859	2,847	771.09
Revenue Growth (YoY)	43.30%	-3.26%	22.20%	0.42%	269.22%	87.10%
Cost of Revenue	2,636	2,440	2,593	2,158	2,051	566.81
Gross Profit	965.3	939.79	901.04	701	796.16	204.28
Selling, General & Admin	684.18	737.06	533.24	253.84	151.59	39.37
Other Operating Expenses	40.64	-11.66	-34.81	108.06	42	-1.03
Operating Expenses	724.81	725.4	498.43	361.9	193.59	38.33
Operating Income	240.48	214.39	402.61	339.1	602.57	165.95
Interest Expense	-665.88	-581.45	-429.02	-173.23	-117.08	-19.2
Interest & Investment Income	22.73	7.01	54.89	129.04	50.19	17.55
Currency Exchange Gain (Loss)	-8.35	-8.35	144.16	246.62	47.11	4.82
Other Non Operating Income (Expenses)	621.49	474.87	47.61	-339.11	-272.25	-8.21
EBT Excluding Unusual Items	210.47	106.46	220.25	202.41	310.53	160.92
Gain (Loss) on Sale of Investments	2.6	2.6	17.25	19.41	-	-
Pretax Income	213.07	109.06	237.5	221.82	310.53	160.95
Income Tax Expense	311.03	130.65	-55.3	55.55	101.14	38.79
Net Income	-97.96	-21.59	292.8	166.27	209.4	122.16
Net Income to Common	-97.96	-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	-1,097	-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	26.80%	27.80%	25.79%	24.52%	27.96%	26.49%
Operating Margin	6.68%	6.34%	11.52%	11.86%	21.16%	21.52%
Profit Margin	-2.72%	-0.64%	8.38%	5.82%	7.36%	15.84%
Free Cash Flow Margin	-30.45%	-38.44%	-64.58%	-16.29%	-1.21%	-5.75%
EBITDA	518.14	478.07	618.35	474.04	690.19	180.7
EBITDA Margin	14.39%	14.14%	17.70%	16.58%	24.24%	23.43%
D&A For EBITDA	277.66	263.68	215.74	134.94	87.62	14.75
EBIT	240.48	214.39	402.61	339.1	602.57	165.95
EBIT Margin	6.68%	6.34%	11.52%	11.86%	21.16%	21.52%
Effective Tax Rate	145.97%	119.79%	-	25.04%	32.57%	24.10%
Advertising Expenses	-	6.82	7.15	7.26	7.77	0.89

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