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	5,591	5,959	6,804	2,916	811.52
Gross Profit	1,485	1,290	1,459	602.15	238.84
Selling, General & Admin	1,136	915.14	1,024	417.58	150.21
Research & Development	19.62	12.21	12.62	4.47	2.51
Other Operating Expenses	141.41	95.64	19.49	-81.15	-37.78
Operating Expenses	1,297	1,023	1,057	340.9	114.94
Operating Income	187.74	267.29	402.03	261.25	123.9
Interest Expense	-782.99	-614.44	-267.72	-104.3	-34.12
Interest & Investment Income	1,598	924.2	460.87	39.97	64.15
Currency Exchange Gain (Loss)	-1,327	-221.07	-385.46	-28.35	-98.88
Other Non Operating Income (Expenses)	-322.46	-303.04	-122.92	-40.08	-14.08
EBT Excluding Unusual Items	-646.64	52.93	86.8	128.49	40.97
Legal Settlements	133.82	35.65	-	-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	78
Shares Outstanding (Diluted)	78	78	78	78	78
Shares Change (YoY)	-	-	-	-	30.71%
EPS (Basic)	-5.22	0.37	1.19	2.38	0.32
EPS (Diluted)	-5.22	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	-10.86	4.86	-5.90	-1.31	0.28
Gross Margin	20.99%	17.80%	17.65%	17.12%	22.74%
Operating Margin	2.65%	3.69%	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	475.21	513.99	575.38	378.43	177.13
EBITDA Margin	6.71%	7.09%	6.96%	10.76%	16.86%
D&A For EBITDA	287.47	246.7	173.34	117.18	53.23
EBIT	187.74	267.29	402.03	261.25	123.9
EBIT Margin	2.65%	3.69%	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.