IST:ERCB 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	7,077	7,249	8,263	3,518	1,050
Revenue Growth (YoY)	-2.38%	-12.26%	134.87%	234.93%	13.98%
Cost of Revenue	5,576	5,959	6,804	2,916	811.52
Gross Profit	1,501	1,290	1,459	602.15	238.84
Selling, General & Admin	1,154	915.14	1,024	417.58	150.21
Research & Development	19.62	12.21	12.62	4.47	2.51
Other Operating Expenses	555.13	-12.5	19.49	-81.15	-37.78
Operating Expenses	1,728	914.85	1,057	340.9	114.94
Operating Income	-227.94	375.43	402.03	261.25	123.9
Interest Expense	-1,865	-614.44	-267.72	-104.3	-34.12
Interest & Investment Income	27.63	924.2	460.87	39.97	64.15
Currency Exchange Gain (Loss)	-	-221.07	-385.46	-28.35	-98.88
Other Non Operating Income (Expenses)	1,553	-303.04	-122.92	-40.08	-14.08
EBT Excluding Unusual Items	-512.82	161.07	86.8	128.49	40.97
Legal Settlements	-	-72.49	-	-0.03	-1.83
Pretax Income	-512.82	88.58	86.8	128.45	39.14
Income Tax Expense	-121.31	75.05	5.61	-56.3	14.46
Earnings From Continuing Operations	-391.51	13.53	81.19	184.75	24.68
Minority Interest in Earnings	-14.32	15.03	10.98	-	-
Net Income	-405.84	28.57	92.17	184.75	24.68
Net Income to Common	-405.84	28.57	92.17	184.75	24.68
Net Income Growth	-	-69.01%	-50.11%	648.52%	-66.91%
Shares Outstanding (Basic)	-	78	78	78	78
Shares Outstanding (Diluted)	-	78	78	78	78
Shares Change (YoY)	-	-	-	-	30.71%
EPS (Basic)	-	0.37	1.19	2.38	0.32
EPS (Diluted)	-	0.37	1.19	2.38	0.32
EPS Growth	-	-69.01%	-50.11%	648.52%	-74.69%
Free Cash Flow	-844.63	377.84	-458.96	-101.87	21.68
Free Cash Flow Per Share	-	4.86	-5.90	-1.31	0.28
Gross Margin	21.20%	17.80%	17.65%	17.12%	22.74%
Operating Margin	-3.22%	5.18%	4.87%	7.43%	11.80%
Profit Margin	-5.73%	0.39%	1.11%	5.25%	2.35%
Free Cash Flow Margin	-11.94%	5.21%	-5.56%	-2.90%	2.06%
EBITDA	71.17	622.13	575.38	378.43	177.13
EBITDA Margin	1.01%	8.58%	6.96%	10.76%	16.86%
D&A For EBITDA	299.11	246.7	173.34	117.18	53.23
EBIT	-227.94	375.43	402.03	261.25	123.9
EBIT Margin	-3.22%	5.18%	4.87%	7.43%	11.80%
Effective Tax Rate	-	84.72%	6.46%	-	36.94%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.