Desa Deri Sanayi ve Ticaret A.S. (IST:DESA)

IST:DESA Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,140	2,980	3,536	2,545	432.41	233.41
Revenue Growth (YoY)	-10.55%	-15.73%	38.95%	488.59%	85.25%	-45.48%
Cost of Revenue	1,429	1,274	1,783	1,497	240.68	117.55
Gross Profit	1,711	1,706	1,754	1,048	191.73	115.86
Selling, General & Admin	1,264	1,148	990.45	535.74	118.83	79.42
Research & Development	13.98	14.84	13.11	8.16	2.09	1.36
Other Operating Expenses	-154.24	-114.37	-140.19	-86.78	-17.52	2.91
Operating Expenses	1,123	1,049	863.36	457.12	103.4	83.7
Operating Income	587.72	657.29	890.43	591.33	88.33	32.16
Interest Expense	-210.81	-371.74	-200.43	-99.63	-36.92	-38.72
Interest & Investment Income	480.13	446.31	233.1	64.45	16.34	11.52
Earnings From Equity Investments	55.92	62.23	80.05	45.58	8.81	-2.17
Currency Exchange Gain (Loss)	184.71	156.86	433.3	30.21	-21.75	-
Other Non Operating Income (Expenses)	-555.74	-414.2	-526.96	-318.48	-2.06	-
EBT Excluding Unusual Items	541.94	536.75	909.49	313.45	52.76	2.78
Gain (Loss) on Sale of Investments	-19.11	-31.33	-2.4	-	-	-
Legal Settlements	0.73	0.73	1.48	0.61	0.13	-
Other Unusual Items	-	-	-	-	-1.38	-
Pretax Income	526.26	508.84	912.91	314.94	53.38	2.78
Income Tax Expense	181.78	181.12	196.73	118.44	7.03	1.14
Net Income	344.47	327.73	716.18	196.5	46.35	1.65
Net Income to Common	344.47	327.73	716.18	196.5	46.35	1.65
Net Income Growth	-52.89%	-54.24%	264.46%	323.94%	2714.43%	-90.97%
Shares Outstanding (Basic)	490	490	490	490	490	490
Shares Outstanding (Diluted)	490	490	490	490	490	490
EPS (Basic)	0.70	0.67	1.46	0.40	0.09	-
EPS (Diluted)	0.70	0.67	1.46	0.40	0.09	-
EPS Growth	-52.89%	-54.24%	264.47%	323.94%	-	-
Free Cash Flow	1,595	-128.75	381.24	279.72	95.81	-21.6
Free Cash Flow Per Share	3.25	-0.26	0.78	0.57	0.20	-0.04
Dividend Per Share	0.240	0.240	-	-	-	-
Gross Margin	54.50%	57.25%	49.59%	41.20%	44.34%	49.64%
Operating Margin	18.72%	22.06%	25.18%	23.23%	20.43%	13.78%
Profit Margin	10.97%	11.00%	20.25%	7.72%	10.72%	0.71%
Free Cash Flow Margin	50.80%	-4.32%	10.78%	10.99%	22.16%	-9.25%
EBITDA	618.9	688.95	923.87	609.13	91.62	54.62
EBITDA Margin	19.71%	23.12%	26.12%	23.93%	21.19%	23.40%
D&A For EBITDA	31.18	31.66	33.44	17.8	3.28	22.46
EBIT	587.72	657.29	890.43	591.33	88.33	32.16
EBIT Margin	18.72%	22.06%	25.18%	23.23%	20.43%	13.78%
Effective Tax Rate	34.54%	35.59%	21.55%	37.61%	13.17%	40.85%
Advertising Expenses	-	124.94	60.28	25.54	10.74	-

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