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	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
Revenue	1,350	3,281	640.47	257.59	122.1
Revenue Growth (YoY)	-60.90%	412.24%	148.64%	110.97%	-
Cost of Revenue	1,260	997.86	364.32	233.47	105.61
Gross Profit	89.59	2,283	276.15	24.12	16.49
Selling, General & Admin	46.96	37.53	15.21	8.35	5.82
Other Operating Expenses	444.54	-1.64	3.96	0.19	0.73
Operating Expenses	491.49	35.89	19.17	8.54	6.55
Operating Income	-401.9	2,247	256.98	15.58	9.94
Interest Expense	-0.63	-4.77	-0.9	-0.82	-1.59
Currency Exchange Gain (Loss)	-	-	-	-	15.16
Other Non Operating Income (Expenses)	-249.72	-980.98	-34.04	-15.99	-29.28
EBT Excluding Unusual Items	-652.26	1,261	222.04	-1.23	-5.78
Gain (Loss) on Sale of Investments	1,445	122.89	1,581	-0.48	78.27
Pretax Income	792.39	1,384	1,803	-1.71	72.49
Net Income	792.39	1,384	1,803	-1.71	72.49
Net Income to Common	792.39	1,384	1,803	-1.71	72.49
Net Income Growth	-57.02%	-23.23%	-	-	-
Shares Outstanding (Basic)	251	200	40	30	30
Shares Outstanding (Diluted)	251	200	40	30	30
Shares Change (YoY)	56.87%	400.00%	33.33%	-	-
EPS (Basic)	3.16	6.92	45.08	-0.06	2.42
EPS (Diluted)	3.16	6.92	45.08	-0.06	2.42
EPS Growth	-72.60%	-84.65%	-	-	-
Free Cash Flow	-355.21	1,251	1,906	0.7	-5.99
Free Cash Flow Per Share	-1.42	6.25	47.65	0.02	-0.20
Gross Margin	6.64%	69.58%	43.12%	9.36%	13.50%
Operating Margin	-29.78%	68.49%	40.12%	6.05%	8.14%
Profit Margin	58.71%	42.19%	281.51%	-0.66%	59.37%
Free Cash Flow Margin	-26.32%	38.13%	297.60%	0.27%	-4.91%
EBITDA	-409.22	2,248	257.07	15.68	10.01
EBITDA Margin	-30.32%	68.51%	40.14%	6.09%	8.20%
D&A For EBITDA	-7.32	0.68	0.09	0.1	0.07
EBIT	-401.9	2,247	256.98	15.58	9.94
EBIT Margin	-29.78%	68.49%	40.12%	6.05%	8.14%

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