IST:CMENT 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	17,031	18,910	15,509	9,051	1,821
Revenue Growth (YoY)	-9.94%	21.93%	71.35%	397.05%	59.47%
Cost of Revenue	13,821	15,325	12,456	8,351	1,501
Gross Profit	3,210	3,584	3,053	700.22	320.04
Selling, General & Admin	1,472	1,531	1,322	740.68	198.62
Other Operating Expenses	-8.23	83.83	35.34	18.88	3.98
Operating Expenses	1,463	1,615	1,358	759.56	202.6
Operating Income	1,747	1,970	1,695	-59.34	117.44
Interest Expense	-113.26	-116.67	-111.69	-232.85	-12.73
Interest & Investment Income	1,395	1,157	633	548.33	248.09
Currency Exchange Gain (Loss)	180.48	53.66	-23.57	-109.03	-142.02
Other Non Operating Income (Expenses)	-678.64	-662.22	-168.73	442.79	-4.87
EBT Excluding Unusual Items	2,530	2,402	2,024	589.9	205.92
Gain (Loss) on Sale of Investments	-0.08	-3.33	-26.04	-93.71	-0.36
Gain (Loss) on Sale of Assets	-	-	-259.86	-	-
Legal Settlements	70.28	342.15	-53.59	-67.47	6.7
Pretax Income	2,609	2,745	1,688	429.14	212.62
Income Tax Expense	872.53	978.2	656.71	1.41	15.27
Earnings From Continuing Operations	1,736	1,767	1,031	427.73	197.34
Minority Interest in Earnings	-536.14	-530.25	241.39	111.43	-34.46
Net Income	1,200	1,236	1,273	539.16	162.89
Net Income to Common	1,200	1,236	1,273	539.16	162.89
Net Income Growth	-2.93%	-2.85%	136.06%	231.01%	-
Shares Outstanding (Basic)	87	87	87	87	87
Shares Outstanding (Diluted)	87	87	87	87	87
EPS (Basic)	13.86	14.28	14.70	6.23	1.88
EPS (Diluted)	13.86	14.28	14.70	6.23	1.88
EPS Growth	-2.93%	-2.85%	136.06%	231.01%	-
Free Cash Flow	1,621	1,842	843.52	-51.44	25.83
Free Cash Flow Per Share	18.72	21.27	9.74	-0.59	0.30
Dividend Per Share	-	-	8.179	-	-
Gross Margin	18.85%	18.95%	19.68%	7.74%	17.57%
Operating Margin	10.26%	10.42%	10.93%	-0.66%	6.45%
Profit Margin	7.05%	6.54%	8.21%	5.96%	8.95%
Free Cash Flow Margin	9.52%	9.74%	5.44%	-0.57%	1.42%
EBITDA	2,393	2,653	2,241	341.17	173.33
EBITDA Margin	14.05%	14.03%	14.45%	3.77%	9.52%
D&A For EBITDA	646.24	683.62	545.27	400.51	55.89
EBIT	1,747	1,970	1,695	-59.34	117.44
EBIT Margin	10.26%	10.42%	10.93%	-0.66%	6.45%
Effective Tax Rate	33.44%	35.64%	38.90%	0.33%	7.18%
Advertising Expenses	9.25	10.46	0.89	-	-

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