IST:ELITE 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	Mar '25 Mar 31, 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	1,619	1,758	1,235	1,051	305.14	205.69
Revenue Growth (YoY)	19.54%	42.28%	17.57%	244.33%	48.35%	-
Cost of Revenue	766.45	814.52	627.53	420.21	93.9	93.84
Gross Profit	853.03	943.13	607.8	630.47	211.24	111.85
Selling, General & Admin	345.4	381.39	391.41	407.46	80.38	40.19
Research & Development	-	-	-	4.29	2.36	0.46
Other Operating Expenses	15.1	1.87	-23.91	-32.34	4.4	-4.5
Operating Expenses	360.5	383.26	367.5	379.42	87.14	36.14
Operating Income	492.53	559.88	240.31	251.06	124.1	75.71
Interest Expense	-45.41	-47.43	-17.89	-6.3	-2.03	-3.39
Interest & Investment Income	4.93	3.79	0.53	14.77	7.85	7.64
Currency Exchange Gain (Loss)	55.55	87.85	515.73	142.58	-75.7	-36.56
Other Non Operating Income (Expenses)	-27.14	-118.51	-425.77	-415.48	0.51	0.38
EBT Excluding Unusual Items	480.47	485.58	312.9	-13.37	54.73	43.77
Gain (Loss) on Sale of Investments	-	-	-	-8.74	-4.17	-1.71
Legal Settlements	-1.22	-1.22	-0.55	-	-	-
Other Unusual Items	-8.09	-7.77	-15.46	-	-1.4	-5.19
Pretax Income	471.16	476.59	296.89	-22.11	49.16	36.87
Income Tax Expense	87.28	81.75	111.01	38.44	11.13	7.49
Net Income	383.88	394.85	185.89	-60.55	38.03	29.38
Net Income to Common	383.88	394.85	185.89	-60.55	38.03	29.38
Net Income Growth	129.15%	112.41%	-	-	29.45%	-
Shares Outstanding (Basic)	130	130	130	130	130	-
Shares Outstanding (Diluted)	130	130	130	130	130	-
EPS (Basic)	2.96	3.05	1.43	-0.47	0.29	-
EPS (Diluted)	2.96	3.05	1.43	-0.47	0.29	-
EPS Growth	129.15%	112.41%	-	-	-	-
Free Cash Flow	130.87	130.56	102.4	-33.15	-25.69	-55.58
Free Cash Flow Per Share	1.01	1.01	0.79	-0.26	-0.20	-
Dividend Per Share	-	-	0.050	0.232	0.313	-
Dividend Growth	-	-	-78.40%	-25.92%	-	-
Gross Margin	52.67%	53.66%	49.20%	60.01%	69.23%	54.38%
Operating Margin	30.41%	31.85%	19.45%	23.89%	40.67%	36.80%
Profit Margin	23.70%	22.46%	15.05%	-5.76%	12.46%	14.28%
Free Cash Flow Margin	8.08%	7.43%	8.29%	-3.16%	-8.42%	-27.02%
EBITDA	541.34	605.75	269.35	257.39	127.67	79.12
EBITDA Margin	33.43%	34.46%	21.80%	24.50%	41.84%	38.47%
D&A For EBITDA	48.81	45.88	29.04	6.34	3.57	3.42
EBIT	492.53	559.88	240.31	251.06	124.1	75.71
EBIT Margin	30.41%	31.85%	19.45%	23.89%	40.67%	36.80%
Effective Tax Rate	18.52%	17.15%	37.39%	-	22.64%	20.32%
Advertising Expenses	-	0.64	-	1.47	-	-

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.