IST:EMPAE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	3,861	3,625	3,525	5,093
Revenue Growth	-	2.81%	-30.78%	-
Cost of Revenue	3,064	2,876	2,809	4,055
Gross Profit	796.48	748.42	716.94	1,039
Selling, General & Admin	372.3	370.8	308.36	300.35
Research & Development	27.38	11.53	-	0.05
Other Operating Expenses	10.46	4.96	-13.2	-0.5
Operating Expenses	410.14	387.29	295.16	299.91
Operating Income	386.34	361.13	421.78	738.82
Interest Expense	-35.82	-30.09	-16.14	-17.9
Interest & Investment Income	24.04	16.97	42.86	16.03
Currency Exchange Gain (Loss)	105.36	105.36	86.06	232.5
Other Non Operating Income (Expenses)	-269.63	-262.09	-373.72	-467.57
EBT Excluding Unusual Items	210.29	191.29	160.84	501.88
Gain (Loss) on Sale of Investments	-0.58	-0.58	-	-
Pretax Income	209.72	190.71	160.84	501.88
Income Tax Expense	108.02	108	72.49	196.51
Net Income	101.7	82.71	88.35	305.36
Net Income to Common	101.7	82.71	88.35	305.36
Net Income Growth	-	-6.38%	-71.07%	-
Shares Outstanding (Basic)	147	141	141	141
Shares Outstanding (Diluted)	147	141	141	141
Shares Change	-	-	-	-
EPS (Basic)	0.69	0.59	0.63	2.17
EPS (Diluted)	0.69	0.59	0.63	2.17
EPS Growth	-	-6.38%	-71.07%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-152.46	-135.01	30.55	425.7
Free Cash Flow Per Share	-1.04	-0.96	0.22	3.02
Gross Margin	20.63%	20.65%	20.34%	20.39%
Operating Margin	10.01%	9.96%	11.96%	14.51%
Profit Margin	2.63%	2.28%	2.51%	6.00%
Free Cash Flow Margin	-3.95%	-3.72%	0.87%	8.36%
EBITDA	396.65	369.23	424.7	741.61
EBITDA Margin	10.27%	10.19%	12.05%	14.56%
D&A For EBITDA	10.32	8.1	2.92	2.79
EBIT	386.34	361.13	421.78	738.82
EBIT Margin	10.01%	9.96%	11.96%	14.51%
Effective Tax Rate	51.51%	56.63%	45.07%	39.16%
Advertising Expenses	-	3.43	3.19	1.55