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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	4,217	3,625	3,525	5,093
Revenue Growth	-	2.81%	-30.78%	-
Cost of Revenue	3,386	2,876	2,809	4,055
Gross Profit	831.77	748.42	716.94	1,039
Selling, General & Admin	413.4	370.8	308.36	300.35
Research & Development	30.59	11.53	-	0.05
Other Operating Expenses	31.15	4.96	-13.2	-0.5
Operating Expenses	475.13	387.29	295.16	299.91
Operating Income	356.64	361.13	421.78	738.82
Interest Expense	-48.99	-30.09	-16.14	-17.9
Interest & Investment Income	55.3	16.97	42.86	16.03
Currency Exchange Gain (Loss)	105.36	105.36	86.06	232.5
Other Non Operating Income (Expenses)	-314.27	-262.09	-373.72	-467.57
EBT Excluding Unusual Items	154.04	191.29	160.84	501.88
Gain (Loss) on Sale of Investments	0.06	-0.58	-	-
Pretax Income	154.1	190.71	160.84	501.88
Income Tax Expense	100.34	108	72.49	196.51
Net Income	53.76	82.71	88.35	305.36
Net Income to Common	53.76	82.71	88.35	305.36
Net Income Growth	-	-6.38%	-71.07%	-
Shares Outstanding (Basic)	153	141	141	141
Shares Outstanding (Diluted)	153	141	141	141
Shares Change	-	-	-	-
EPS (Basic)	0.35	0.59	0.63	2.17
EPS (Diluted)	0.35	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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-0.51	-135.01	30.55	425.7
Free Cash Flow Per Share	-0.00	-0.96	0.22	3.02
Gross Margin	19.72%	20.65%	20.34%	20.39%
Operating Margin	8.46%	9.96%	11.96%	14.51%
Profit Margin	1.27%	2.28%	2.51%	6.00%
Free Cash Flow Margin	-0.01%	-3.72%	0.87%	8.36%
EBITDA	369.11	369.23	424.7	741.61
EBITDA Margin	8.75%	10.19%	12.05%	14.56%
D&A For EBITDA	12.46	8.1	2.92	2.79
EBIT	356.64	361.13	421.78	738.82
EBIT Margin	8.46%	9.96%	11.96%	14.51%
Effective Tax Rate	65.11%	56.63%	45.07%	39.16%
Advertising Expenses	-	3.43	3.19	1.55