Çan2 Termik A.S. 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	6,160	7,989	8,419	11,400	1,193
Revenue Growth (YoY)	-22.90%	-5.10%	-26.15%	855.59%	61.31%
Operations & Maintenance	163.34	128.55	181.99	124.1	19.81
Selling, General & Admin	245.07	326.45	266.92	111.38	24.56
Other Operating Expenses	6,509	6,968	6,935	7,420	853.09
Total Operating Expenses	6,917	7,424	7,384	7,655	897.46
Operating Income	-757.05	565.82	1,034	3,744	295.48
Interest Expense	-491.97	-730.46	-776.35	-788.1	-238.06
Interest Income	164.55	328.88	486.89	124.73	15.02
Net Interest Expense	-327.42	-401.58	-289.46	-663.38	-223.03
Currency Exchange Gain (Loss)	1,176	-692.22	569.15	-705.58	-308.91
Other Non-Operating Income (Expenses)	-1,121	-923.61	-1,324	-606.96	-
EBT Excluding Unusual Items	-1,030	-1,452	-10.11	1,768	-236.47
Gain (Loss) on Sale of Investments	77.87	-86.03	-1.28	1.01	0.05
Legal Settlements	-	-	-	-	-1.04
Other Unusual Items	-97.57	-105.13	-139.57	-51.89	-35.63
Pretax Income	-1,049	-1,643	-150.96	1,717	-273.09
Income Tax Expense	-48.55	-29.55	-795.99	-890.66	-92.12
Earnings From Continuing Ops.	-1,001	-1,613	645.03	2,608	-180.96
Minority Interest in Earnings	-707.68	-0.73	-	-	-
Net Income	-1,709	-1,614	645.03	2,608	-180.96
Net Income to Common	-1,709	-1,614	645.03	2,608	-180.96
Net Income Growth	-	-	-75.27%	-	-
Shares Outstanding (Basic)	7,000	3,059	5,534	5,969	5,558
Shares Outstanding (Diluted)	7,000	3,059	5,534	5,969	5,558
Shares Change (YoY)	128.85%	-44.73%	-7.29%	7.40%	10.19%
EPS (Basic)	-0.24	-0.53	0.12	0.44	-0.03
EPS (Diluted)	-0.24	-0.53	0.12	0.44	-0.03
EPS Growth	-	-	-73.32%	-	-
Free Cash Flow	-1,738	1,413	-591.36	3,389	-64.35
Free Cash Flow Per Share	-0.25	0.46	-0.11	0.57	-0.01
Profit Margin	-27.74%	-20.20%	7.66%	22.88%	-15.17%
Free Cash Flow Margin	-28.22%	17.69%	-7.02%	29.73%	-5.39%
EBITDA	1,191	2,493	2,145	4,197	354.24
EBITDA Margin	19.33%	31.20%	25.48%	36.82%	29.70%
D&A For EBITDA	1,948	1,927	1,111	453.13	58.76
EBIT	-757.05	565.82	1,034	3,744	295.48
EBIT Margin	-12.29%	7.08%	12.29%	32.84%	24.77%

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