IST:CATES 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	6,500	7,065	7,646	6,415	630.5
Revenue Growth (YoY)	-8.00%	-7.60%	19.20%	917.40%	36.56%
Operations & Maintenance	-	-	23.03	18.74	3.78
Selling, General & Admin	693.59	516.13	330	157.96	22.66
Other Operating Expenses	5,904	6,459	6,394	5,029	654.99
Total Operating Expenses	6,597	6,975	6,747	5,206	681.43
Operating Income	-97.74	90.54	899.37	1,209	-50.94
Interest Expense	-48.37	-144.1	-600.4	-592.83	-97.83
Interest Income	3,401	502.41	145.59	23.6	6.06
Net Interest Expense	3,353	358.31	-454.81	-569.23	-91.77
Currency Exchange Gain (Loss)	5.38	45.8	407.01	-59.85	-130.56
Other Non-Operating Income (Expenses)	-482.06	-259.15	1,458	2,292	-6.56
EBT Excluding Unusual Items	2,778	235.51	2,309	2,872	-279.82
Gain (Loss) on Sale of Investments	-	-5,923	-842.57	-	-
Legal Settlements	-17.36	15.25	-7.85	-3.94	-5.15
Pretax Income	2,761	-5,672	1,459	2,868	-284.97
Income Tax Expense	973.03	-1,183	-737.58	331.05	-115.25
Net Income	1,788	-4,489	2,197	2,537	-169.72
Net Income to Common	1,788	-4,489	2,197	2,537	-169.72
Net Income Growth	-	-	-13.42%	-	-
Shares Outstanding (Basic)	165	165	139	79	48
Shares Outstanding (Diluted)	165	165	139	79	48
Shares Change (YoY)	-0.03%	19.11%	74.37%	65.61%	-
EPS (Basic)	10.83	-27.19	15.85	31.92	-3.54
EPS (Diluted)	10.83	-27.19	15.85	31.92	-3.54
EPS Growth	-	-	-50.34%	-	-
Free Cash Flow	654.33	284.58	2,011	455.19	-2.67
Free Cash Flow Per Share	3.96	1.72	14.51	5.73	-0.06
Profit Margin	27.51%	-63.53%	28.73%	39.55%	-26.92%
Free Cash Flow Margin	10.07%	4.03%	26.31%	7.10%	-0.42%
EBITDA	714	1,260	1,951	1,846	35.45
EBITDA Margin	10.98%	17.83%	25.52%	28.77%	5.62%
D&A For EBITDA	811.74	1,169	1,052	636.84	86.39
EBIT	-97.74	90.54	899.37	1,209	-50.94
EBIT Margin	-1.50%	1.28%	11.76%	18.84%	-8.08%
Effective Tax Rate	35.24%	-	-	11.54%	-

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