IST:BURCE 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	672.18	1,763	950.94	556.71	119.01
Revenue Growth (YoY)	-61.87%	85.39%	70.81%	367.79%	45.96%
Cost of Revenue	580.18	1,326	716.54	407.04	94.89
Gross Profit	91.99	436.94	234.4	149.67	24.12
Selling, General & Admin	172.48	173.23	97.42	57.06	13.2
Research & Development	17.84	18.88	13.26	5.82	1.18
Other Operating Expenses	61.81	14.44	19.88	0.24	1.46
Operating Expenses	252.14	206.55	130.57	63.13	15.83
Operating Income	-160.14	230.39	103.83	86.55	8.29
Interest Expense	-37.38	-24.17	-26.65	-17.9	-7.24
Interest & Investment Income	4.96	12.25	3.55	2.1	0.13
Currency Exchange Gain (Loss)	2.82	-14.15	-16.45	-1.89	1.7
Other Non Operating Income (Expenses)	3.15	-68.03	53.61	36.4	-
EBT Excluding Unusual Items	-186.58	136.28	117.89	105.26	2.89
Gain (Loss) on Sale of Investments	-0.35	-1.73	-0.08	-	-0.14
Pretax Income	-186.94	134.55	117.81	106.33	2.75
Income Tax Expense	-33.49	43.91	38.99	-2.53	0.25
Earnings From Continuing Operations	-153.45	90.64	78.81	108.86	2.5
Minority Interest in Earnings	26.8	-27.67	-2.67	-6.58	-0.24
Net Income	-126.64	62.97	76.14	102.28	2.27
Net Income to Common	-126.64	62.97	76.14	102.28	2.27
Net Income Growth	-	-17.30%	-25.56%	4414.67%	-19.82%
Shares Outstanding (Basic)	84	84	84	84	84
Shares Outstanding (Diluted)	84	84	84	84	84
EPS (Basic)	-1.50	0.75	0.90	1.21	0.03
EPS (Diluted)	-1.50	0.75	0.90	1.21	0.03
EPS Growth	-	-17.30%	-25.56%	4414.79%	-19.82%
Free Cash Flow	-113.07	50.32	148.11	105.52	5.65
Free Cash Flow Per Share	-1.34	0.60	1.76	1.25	0.07
Dividend Per Share	-	-	0.163	-	-
Gross Margin	13.69%	24.78%	24.65%	26.88%	20.27%
Operating Margin	-23.82%	13.07%	10.92%	15.55%	6.97%
Profit Margin	-18.84%	3.57%	8.01%	18.37%	1.90%
Free Cash Flow Margin	-16.82%	2.85%	15.57%	18.95%	4.75%
EBITDA	-110.78	275.19	125.63	101.77	11.38
EBITDA Margin	-16.48%	15.61%	13.21%	18.28%	9.56%
D&A For EBITDA	49.37	44.8	21.8	15.22	3.09
EBIT	-160.14	230.39	103.83	86.55	8.29
EBIT Margin	-23.82%	13.07%	10.92%	15.55%	6.97%
Effective Tax Rate	-	32.63%	33.10%	-	9.03%

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