IST:CATES 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	4,830	5,398	7,646	6,415	630.5	461.7
Revenue Growth (YoY)	-33.09%	-29.40%	19.20%	917.40%	36.56%	-
Operations & Maintenance	115.96	115.96	23.03	18.74	3.78	1.97
Selling, General & Admin	518.66	408.26	330	157.96	22.66	17.17
Other Operating Expenses	3,907	4,812	6,394	5,029	654.99	418.57
Total Operating Expenses	4,542	5,337	6,747	5,206	681.43	437.7
Operating Income	288.44	61.13	899.37	1,209	-50.94	24
Interest Expense	-18.27	-110.09	-600.4	-592.83	-97.83	-304.73
Interest Income	95.77	383.83	145.59	23.6	6.06	3.86
Net Interest Expense	77.51	273.74	-454.81	-569.23	-91.77	-300.87
Currency Exchange Gain (Loss)	43.04	43.04	407.01	-59.85	-130.56	-49.19
Other Non-Operating Income (Expenses)	-432.04	-197.98	1,458	2,292	-6.56	-5
EBT Excluding Unusual Items	-23.06	179.93	2,309	2,872	-279.82	-331.05
Gain (Loss) on Sale of Investments	-4,525	-4,525	-842.57	-	-	-
Legal Settlements	11.65	11.65	-7.85	-3.94	-5.15	-2.31
Pretax Income	-4,537	-4,334	1,459	2,868	-284.97	-333.36
Income Tax Expense	-1,041	-904.06	-737.58	331.05	-115.25	-
Net Income	-3,496	-3,429	2,197	2,537	-169.72	-333.36
Net Income to Common	-3,496	-3,429	2,197	2,537	-169.72	-333.36
Net Income Growth	-	-	-13.42%	-	-	-
Shares Outstanding (Basic)	165	165	139	79	48	48
Shares Outstanding (Diluted)	165	165	139	79	48	48
Shares Change (YoY)	1.81%	19.19%	74.37%	65.61%	-	-
EPS (Basic)	-21.20	-20.76	15.85	31.92	-3.54	-6.95
EPS (Diluted)	-21.20	-20.76	15.85	31.92	-3.54	-6.95
EPS Growth	-	-	-50.34%	-	-	-
Free Cash Flow	401.52	217.42	2,011	455.19	-2.67	116.42
Free Cash Flow Per Share	2.44	1.32	14.51	5.73	-0.06	2.42
Profit Margin	-72.38%	-63.53%	28.73%	39.55%	-26.92%	-72.20%
Free Cash Flow Margin	8.31%	4.03%	26.31%	7.10%	-0.42%	25.21%
EBITDA	860.16	954.42	1,951	1,846	35.45	70.36
EBITDA Margin	17.81%	17.68%	25.52%	28.77%	5.62%	15.24%
D&A For EBITDA	571.72	893.29	1,052	636.84	86.39	46.36
EBIT	288.44	61.13	899.37	1,209	-50.94	24
EBIT Margin	5.97%	1.13%	11.76%	18.84%	-8.08%	5.20%
Effective Tax Rate	-	-	-	11.54%	-	-

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