IST:BULGS 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,315	3,281	640.47	257.59	122.1
Revenue Growth (YoY)	70.54%	412.24%	148.64%	110.97%	-
Cost of Revenue	827.71	997.86	364.32	233.47	105.61
Gross Profit	1,487	2,283	276.15	24.12	16.49
Selling, General & Admin	44.59	37.53	15.21	8.35	5.82
Other Operating Expenses	-1.06	-1.64	3.96	0.19	0.73
Operating Expenses	43.53	35.89	19.17	8.54	6.55
Operating Income	1,444	2,247	256.98	15.58	9.94
Interest Expense	-18.62	-4.77	-0.9	-0.82	-1.59
Currency Exchange Gain (Loss)	-	-	-	-	15.16
Other Non Operating Income (Expenses)	-243.09	-980.98	-34.04	-15.99	-29.28
EBT Excluding Unusual Items	1,182	1,261	222.04	-1.23	-5.78
Gain (Loss) on Sale of Investments	-1,838	122.89	1,581	-0.48	78.27
Pretax Income	-655.78	1,384	1,803	-1.71	72.49
Net Income	-655.78	1,384	1,803	-1.71	72.49
Net Income to Common	-655.78	1,384	1,803	-1.71	72.49
Net Income Growth	-	-23.23%	-	-	-
Shares Outstanding (Basic)	217	200	40	30	30
Shares Outstanding (Diluted)	217	200	40	30	30
Shares Change (YoY)	171.25%	400.00%	33.33%	-	-
EPS (Basic)	-3.02	6.92	45.08	-0.06	2.42
EPS (Diluted)	-3.02	6.92	45.08	-0.06	2.42
EPS Growth	-	-84.65%	-	-	-
Free Cash Flow	-885.57	1,251	1,906	0.7	-5.99
Free Cash Flow Per Share	-4.08	6.25	47.65	0.02	-0.20
Gross Margin	64.24%	69.58%	43.12%	9.36%	13.50%
Operating Margin	62.36%	68.49%	40.12%	6.05%	8.14%
Profit Margin	-28.33%	42.19%	281.51%	-0.66%	59.37%
Free Cash Flow Margin	-38.26%	38.13%	297.60%	0.27%	-4.91%
EBITDA	1,445	2,248	257.07	15.68	10.01
EBITDA Margin	62.40%	68.51%	40.14%	6.09%	8.20%
D&A For EBITDA	0.93	0.68	0.09	0.1	0.07
EBIT	1,444	2,247	256.98	15.58	9.94
EBIT Margin	62.36%	68.49%	40.12%	6.05%	8.14%

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