IST:BEYAZ 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	20,210	19,835	15,056	5,682	1,471
Revenue Growth (YoY)	1.89%	31.74%	164.99%	286.34%	13.13%
Cost of Revenue	19,440	19,387	14,359	5,433	1,410
Gross Profit	769.91	448.28	697.86	249.17	60.78
Selling, General & Admin	352.52	295.24	181.33	79.53	23.52
Other Operating Expenses	16.83	147.35	115.89	22.26	4.71
Operating Expenses	369.35	442.58	297.22	101.79	28.23
Operating Income	400.56	5.7	400.64	147.38	32.55
Interest Expense	-60.88	-126.66	-121.79	-35.14	-2.94
Interest & Investment Income	265.41	319.41	138.6	48.73	11.32
Currency Exchange Gain (Loss)	2.66	2.01	30.75	13.35	10.21
Other Non Operating Income (Expenses)	-352.74	-243.48	-225.42	-140.33	-
EBT Excluding Unusual Items	255.01	-43.01	222.78	33.99	51.14
Gain (Loss) on Sale of Investments	-0.03	-	-	-	-
Pretax Income	254.98	-43.01	222.78	33.99	51.14
Income Tax Expense	122.64	6.53	76.83	11.04	13.09
Net Income	132.33	-49.55	145.95	22.95	38.05
Net Income to Common	132.33	-49.55	145.95	22.95	38.05
Net Income Growth	-	-	536.04%	-39.70%	0.81%
Shares Outstanding (Basic)	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100
Shares Change (YoY)	-	-	-0.08%	0.15%	-0.07%
EPS (Basic)	1.33	-0.50	1.46	0.23	0.38
EPS (Diluted)	1.33	-0.50	1.46	0.23	0.38
EPS Growth	-	-	536.55%	-39.79%	0.88%
Free Cash Flow	259.29	794.18	787.45	30.94	54.7
Free Cash Flow Per Share	2.60	7.97	7.90	0.31	0.55
Dividend Per Share	-	0.110	0.110	0.308	0.170
Dividend Growth	-	-	-64.20%	81.29%	88.20%
Gross Margin	3.81%	2.26%	4.63%	4.38%	4.13%
Operating Margin	1.98%	0.03%	2.66%	2.59%	2.21%
Profit Margin	0.66%	-0.25%	0.97%	0.40%	2.59%
Free Cash Flow Margin	1.28%	4.00%	5.23%	0.55%	3.72%
EBITDA	426.68	25.45	415.65	154.13	33.68
EBITDA Margin	2.11%	0.13%	2.76%	2.71%	2.29%
D&A For EBITDA	26.12	19.76	15.01	6.74	1.13
EBIT	400.56	5.7	400.64	147.38	32.55
EBIT Margin	1.98%	0.03%	2.66%	2.59%	2.21%
Effective Tax Rate	48.10%	-	34.49%	32.48%	25.59%
Advertising Expenses	1.51	1.4	0.94	0.56	0.84

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