IST:ELITE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	1,758	1,235	1,051	305.14	205.69
Revenue Growth (YoY)	42.28%	17.57%	244.33%	48.35%	-
Cost of Revenue	814.52	627.53	420.21	93.9	93.84
Gross Profit	943.13	607.8	630.47	211.24	111.85
Selling, General & Admin	381.39	391.41	407.46	80.38	40.19
Research & Development	-	-	4.29	2.36	0.46
Other Operating Expenses	1.87	-23.91	-32.34	4.4	-4.5
Operating Expenses	383.26	367.5	379.42	87.14	36.14
Operating Income	559.88	240.31	251.06	124.1	75.71
Interest Expense	-47.43	-17.89	-6.3	-2.03	-3.39
Interest & Investment Income	3.79	0.53	14.77	7.85	7.64
Currency Exchange Gain (Loss)	87.85	515.73	142.58	-75.7	-36.56
Other Non Operating Income (Expenses)	-118.51	-425.77	-415.48	0.51	0.38
EBT Excluding Unusual Items	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	-0.55	-	-	-
Other Unusual Items	-7.77	-15.46	-	-1.4	-5.19
Pretax Income	476.59	296.89	-22.11	49.16	36.87
Income Tax Expense	81.75	111.01	38.44	11.13	7.49
Net Income	394.85	185.89	-60.55	38.03	29.38
Net Income to Common	394.85	185.89	-60.55	38.03	29.38
Net Income Growth	112.41%	-	-	29.45%	-
Shares Outstanding (Basic)	130	130	130	130	-
Shares Outstanding (Diluted)	130	130	130	130	-
EPS (Basic)	3.05	1.43	-0.47	0.29	-
EPS (Diluted)	3.05	1.43	-0.47	0.29	-
EPS Growth	112.41%	-	-	-	-
Free Cash Flow	130.56	102.4	-33.15	-25.69	-55.58
Free Cash Flow Per Share	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	53.66%	49.20%	60.01%	69.23%	54.38%
Operating Margin	31.85%	19.45%	23.89%	40.67%	36.80%
Profit Margin	22.46%	15.05%	-5.76%	12.46%	14.28%
Free Cash Flow Margin	7.43%	8.29%	-3.16%	-8.42%	-27.02%
EBITDA	605.75	269.35	257.39	127.67	79.12
EBITDA Margin	34.46%	21.80%	24.50%	41.84%	38.47%
D&A For EBITDA	45.88	29.04	6.34	3.57	3.42
EBIT	559.88	240.31	251.06	124.1	75.71
EBIT Margin	31.85%	19.45%	23.89%	40.67%	36.80%
Effective Tax Rate	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.