IST:BESTE 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	448.69	345.48	287.52	178.95
Revenue Growth (YoY)	29.87%	20.16%	60.67%	-
Operations & Maintenance	2.81	2.48	1.98	1.08
Selling, General & Admin	18.56	24.92	15.58	10.35
Other Operating Expenses	320.46	257.99	182.23	72.39
Total Operating Expenses	341.84	285.39	199.8	83.81
Operating Income	106.85	60.1	87.72	95.13
Interest Expense	-66.15	-52.51	-56.32	-42.97
Interest Income	1.89	5.07	2.97	7.24
Net Interest Expense	-64.26	-47.44	-53.35	-35.74
Currency Exchange Gain (Loss)	217.82	101.6	24.71	13.67
Other Non-Operating Income (Expenses)	-	-	-2.23	-1.43
EBT Excluding Unusual Items	260.41	114.25	56.84	71.63
Gain (Loss) on Sale of Investments	-	-	-19.68	-
Legal Settlements	-	-	-0.21	-0.11
Other Unusual Items	-13.17	-9.64	0.98	-2.19
Pretax Income	247.24	104.62	37.93	69.34
Income Tax Expense	56.98	-17.39	-14.98	-0.36
Net Income	190.26	122	52.91	69.7
Net Income to Common	190.26	122	52.91	69.7
Net Income Growth	55.95%	130.59%	-24.09%	-
Shares Outstanding (Basic)	150	110	57	50
Shares Outstanding (Diluted)	150	110	57	50
Shares Change (YoY)	36.19%	94.20%	13.43%	-
EPS (Basic)	1.27	1.11	0.93	1.39
EPS (Diluted)	1.27	1.11	0.93	1.39
EPS Growth	14.51%	18.74%	-33.07%	-
Free Cash Flow	236.92	221.36	181.06	138.94
Free Cash Flow Per Share	1.58	2.01	3.19	2.78
Profit Margin	42.40%	35.31%	18.40%	38.95%
Free Cash Flow Margin	52.80%	64.07%	62.97%	77.64%
EBITDA	255.98	295.19	167.71	150.51
EBITDA Margin	57.05%	85.44%	58.33%	84.11%
D&A For EBITDA	149.13	235.1	80	55.38
EBIT	106.85	60.1	87.72	95.13
EBIT Margin	23.81%	17.39%	30.51%	53.16%
Effective Tax Rate	23.05%	-	-	-

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