IST:FLAP Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	342.27	355.67	382.07	211.88	45.93	11.86
Revenue Growth (YoY)	-14.31%	-6.91%	80.33%	361.33%	287.19%	-74.47%
Cost of Revenue	275.24	300.2	309.34	183.02	33.98	8.67
Gross Profit	67.04	55.47	72.73	28.85	11.95	3.19
Selling, General & Admin	59.28	58.98	58.9	30.65	8.21	5.73
Other Operating Expenses	7.31	-6.73	-10.61	-4.25	3.46	13.79
Operating Expenses	66.59	52.25	48.28	26.41	11.67	19.52
Operating Income	0.45	3.21	24.45	2.45	0.28	-16.33
Interest Expense	-	-3.74	-4.03	-1.87	-0.09	-0.26
Interest & Investment Income	0.6	1.63	25.85	32.02	8.2	0.5
Earnings From Equity Investments	37.55	-7.13	21.19	4.32	7.17	7.11
Currency Exchange Gain (Loss)	4.98	7.63	51.01	9.8	14.65	0.35
Other Non Operating Income (Expenses)	11.71	-25.89	-31.92	-77.88	-	-
EBT Excluding Unusual Items	55.29	-24.29	86.55	-31.15	30.2	-8.62
Gain (Loss) on Sale of Investments	-11.03	-7.47	6.25	1.2	0	0
Pretax Income	44.26	-31.76	92.8	-29.95	30.2	-8.62
Income Tax Expense	5.78	37.27	-87.77	7.98	0.36	-2.72
Net Income	38.48	-69.03	180.57	-37.93	29.84	-5.9
Net Income to Common	38.48	-69.03	180.57	-37.93	29.84	-5.9
Net Income Growth	-81.20%	-	-	-	-	-
Shares Outstanding (Basic)	94	94	94	94	65	31
Shares Outstanding (Diluted)	94	94	94	94	65	31
Shares Change (YoY)	-	-	-	43.51%	109.04%	-
EPS (Basic)	0.41	-0.74	1.93	-0.40	0.46	-0.19
EPS (Diluted)	0.41	-0.74	1.93	-0.40	0.46	-0.19
EPS Growth	-81.20%	-	-	-	-	-
Free Cash Flow	-16.67	18.06	12.63	33.66	21.98	5.7
Free Cash Flow Per Share	-0.18	0.19	0.14	0.36	0.34	0.18
Dividend Per Share	-	-	-	0.075	-	-
Gross Margin	19.59%	15.60%	19.04%	13.62%	26.02%	26.91%
Operating Margin	0.13%	0.90%	6.40%	1.16%	0.60%	-137.67%
Profit Margin	11.24%	-19.41%	47.26%	-17.90%	64.98%	-49.75%
Free Cash Flow Margin	-4.87%	5.08%	3.31%	15.89%	47.86%	48.04%
EBITDA	1.91	5.43	26.36	3.78	0.52	-16.13
EBITDA Margin	0.56%	1.53%	6.90%	1.78%	1.13%	-135.96%
D&A For EBITDA	1.46	2.22	1.91	1.33	0.24	0.2
EBIT	0.45	3.21	24.45	2.45	0.28	-16.33
EBIT Margin	0.13%	0.90%	6.40%	1.16%	0.60%	-137.67%
Effective Tax Rate	13.06%	-	-	-	1.19%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.