IST:BEYAZ 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	15,010	15,154	15,056	5,682	1,471	1,300
Revenue Growth (YoY)	-20.54%	0.65%	164.99%	286.34%	13.13%	67.62%
Cost of Revenue	14,370	14,812	14,359	5,433	1,410	1,237
Gross Profit	639.38	341.6	697.86	249.17	60.78	63.12
Selling, General & Admin	278.03	225.56	181.33	79.53	23.52	15.77
Other Operating Expenses	2.04	111.69	115.89	22.26	4.71	-0.23
Operating Expenses	280.07	337.25	297.22	101.79	28.23	15.54
Operating Income	359.31	4.35	400.64	147.38	32.55	47.58
Interest Expense	-33.11	-98.43	-121.79	-35.14	-2.94	-6.96
Interest & Investment Income	238.75	244.02	138.6	48.73	11.32	7.21
Currency Exchange Gain (Loss)	2.51	1.54	30.75	13.35	10.21	0
Other Non Operating Income (Expenses)	-338.5	-184.35	-225.42	-140.33	-	-
EBT Excluding Unusual Items	228.96	-32.86	222.78	33.99	51.14	47.83
Legal Settlements	-	-	-	-	-	-0.04
Pretax Income	230.62	-32.86	222.78	33.99	51.14	47.8
Income Tax Expense	31.3	4.99	76.83	11.04	13.09	10.05
Net Income	199.31	-37.85	145.95	22.95	38.05	37.75
Net Income to Common	199.31	-37.85	145.95	22.95	38.05	37.75
Net Income Growth	84.63%	-	536.04%	-39.70%	0.81%	160.91%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
Shares Change (YoY)	0.03%	-	-0.08%	0.15%	-0.07%	-0.09%
EPS (Basic)	2.00	-0.38	1.46	0.23	0.38	0.38
EPS (Diluted)	2.00	-0.38	1.46	0.23	0.38	0.38
EPS Growth	84.58%	-	536.55%	-39.79%	0.88%	161.14%
Free Cash Flow	657.57	606.74	787.45	30.94	54.7	74.27
Free Cash Flow Per Share	6.59	6.09	7.90	0.31	0.55	0.74
Dividend Per Share	0.110	0.110	0.110	0.308	0.170	0.090
Dividend Growth	-	-	-64.20%	81.29%	88.20%	-
Gross Margin	4.26%	2.25%	4.63%	4.38%	4.13%	4.86%
Operating Margin	2.39%	0.03%	2.66%	2.59%	2.21%	3.66%
Profit Margin	1.33%	-0.25%	0.97%	0.40%	2.59%	2.90%
Free Cash Flow Margin	4.38%	4.00%	5.23%	0.55%	3.72%	5.71%
EBITDA	359.96	19.45	415.65	154.13	33.68	48.45
EBITDA Margin	2.40%	0.13%	2.76%	2.71%	2.29%	3.73%
D&A For EBITDA	0.64	15.09	15.01	6.74	1.13	0.87
EBIT	359.31	4.35	400.64	147.38	32.55	47.58
EBIT Margin	2.39%	0.03%	2.66%	2.59%	2.21%	3.66%
Effective Tax Rate	13.57%	-	34.49%	32.48%	25.59%	21.02%
Advertising Expenses	-	1.07	0.94	0.56	0.84	0.87

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