IST:DESA 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	3,818	3,901	3,536	2,545	432.41
Revenue Growth (YoY)	-2.11%	10.30%	38.95%	488.59%	85.25%
Cost of Revenue	1,582	1,663	1,779	1,497	240.68
Gross Profit	2,237	2,238	1,757	1,048	191.73
Selling, General & Admin	1,747	1,510	993.85	535.74	118.83
Research & Development	18.02	19.42	13.11	8.16	2.09
Other Operating Expenses	-163.71	-165.25	-140.19	-86.78	-17.52
Operating Expenses	1,602	1,364	866.77	457.12	103.4
Operating Income	634.8	873.6	890.43	591.33	88.33
Interest Expense	-144.98	-528.06	-200.43	-99.63	-36.92
Interest & Investment Income	519.95	612.41	233.1	64.45	16.34
Earnings From Equity Investments	18.37	81.46	80.05	45.58	8.81
Currency Exchange Gain (Loss)	352.38	205.32	433.3	30.21	-21.75
Other Non Operating Income (Expenses)	-490.28	-542.16	-526.96	-318.48	-2.06
EBT Excluding Unusual Items	890.24	702.56	909.49	313.45	52.76
Gain (Loss) on Sale of Investments	-	-41	-2.4	-	-
Legal Settlements	0.39	0.95	1.48	0.61	0.13
Other Unusual Items	-	-	-	-	-1.38
Pretax Income	896.22	666.04	912.91	314.94	53.38
Income Tax Expense	315.71	237.07	196.73	118.44	7.03
Net Income	580.51	428.97	716.18	196.5	46.35
Net Income to Common	580.51	428.97	716.18	196.5	46.35
Net Income Growth	35.33%	-40.10%	264.46%	323.94%	2714.43%
Shares Outstanding (Basic)	490	490	490	490	490
Shares Outstanding (Diluted)	490	490	490	490	490
EPS (Basic)	1.18	0.88	1.46	0.40	0.09
EPS (Diluted)	1.18	0.88	1.46	0.40	0.09
EPS Growth	35.33%	-40.10%	264.47%	323.94%	-
Free Cash Flow	965.81	-166.81	381.24	279.72	95.81
Free Cash Flow Per Share	1.97	-0.34	0.78	0.57	0.20
Dividend Per Share	-	0.240	-	-	-
Gross Margin	58.58%	57.36%	49.69%	41.20%	44.34%
Operating Margin	16.63%	22.40%	25.18%	23.23%	20.43%
Profit Margin	15.20%	11.00%	20.25%	7.72%	10.72%
Free Cash Flow Margin	25.30%	-4.28%	10.78%	10.99%	22.16%
EBITDA	682.56	915.02	923.87	609.13	91.62
EBITDA Margin	17.88%	23.46%	26.12%	23.93%	21.19%
D&A For EBITDA	47.76	41.42	33.44	17.8	3.28
EBIT	634.8	873.6	890.43	591.33	88.33
EBIT Margin	16.63%	22.40%	25.18%	23.23%	20.43%
Effective Tax Rate	35.23%	35.59%	21.55%	37.61%	13.17%
Advertising Expenses	114.96	163.53	60.28	25.54	10.74

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