IST:FLAP 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	358.18	355.67	382.07	211.88	45.93
Revenue Growth (YoY)	0.71%	-6.91%	80.33%	361.33%	287.19%
Cost of Revenue	274.23	300.2	309.34	183.02	33.98
Gross Profit	83.95	55.47	72.73	28.85	11.95
Selling, General & Admin	80.19	58.98	58.9	30.65	8.21
Other Operating Expenses	-8.39	-6.73	-10.61	-4.25	3.46
Operating Expenses	71.81	52.25	48.28	26.41	11.67
Operating Income	12.15	3.21	24.45	2.45	0.28
Interest Expense	-5.45	-3.74	-4.03	-1.87	-0.09
Interest & Investment Income	7.3	1.63	25.85	32.02	8.2
Earnings From Equity Investments	24.93	-7.13	21.19	4.32	7.17
Currency Exchange Gain (Loss)	-	7.63	51.01	9.8	14.65
Other Non Operating Income (Expenses)	-17.52	-25.89	-31.92	-77.88	-
EBT Excluding Unusual Items	21.42	-24.29	86.55	-31.15	30.2
Gain (Loss) on Sale of Investments	-57.52	-7.47	6.25	1.2	0
Pretax Income	-36.09	-31.76	92.8	-29.95	30.2
Income Tax Expense	-53.17	37.27	-87.77	7.98	0.36
Net Income	17.07	-69.03	180.57	-37.93	29.84
Net Income to Common	17.07	-69.03	180.57	-37.93	29.84
Shares Outstanding (Basic)	94	94	94	94	65
Shares Outstanding (Diluted)	94	94	94	94	65
Shares Change (YoY)	-	-	-	43.51%	109.04%
EPS (Basic)	0.18	-0.74	1.93	-0.40	0.46
EPS (Diluted)	0.18	-0.74	1.93	-0.40	0.46
Free Cash Flow	2.96	18.06	12.63	33.66	21.98
Free Cash Flow Per Share	0.03	0.19	0.14	0.36	0.34
Dividend Per Share	-	-	-	0.075	-
Gross Margin	23.44%	15.60%	19.04%	13.62%	26.02%
Operating Margin	3.39%	0.90%	6.40%	1.16%	0.60%
Profit Margin	4.77%	-19.41%	47.26%	-17.90%	64.98%
Free Cash Flow Margin	0.83%	5.08%	3.31%	15.89%	47.86%
EBITDA	16.19	5.43	26.36	3.78	0.52
EBITDA Margin	4.52%	1.53%	6.90%	1.78%	1.13%
D&A For EBITDA	4.05	2.22	1.91	1.33	0.24
EBIT	12.15	3.21	24.45	2.45	0.28
EBIT Margin	3.39%	0.90%	6.40%	1.16%	0.60%
Effective Tax Rate	-	-	-	-	1.19%

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