Fonet Bilgi Teknolojileri A.S. (IST:FONET)

IST:FONET Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	526.48	480.56	360.68	237.11	85.48	64.92
Revenue Growth (YoY)	-6.15%	33.24%	52.12%	177.38%	31.67%	32.21%
Cost of Revenue	368.67	347.89	268	149.07	44.49	32.89
Gross Profit	157.8	132.67	92.68	88.04	40.99	32.03
Selling, General & Admin	75.27	69.13	66.36	31.72	8.07	6.55
Research & Development	4.36	2.43	3.49	0.37	0.42	0.02
Other Operating Expenses	-62.28	-37.23	-13.61	-10.58	-2.69	-3.36
Operating Expenses	17.34	34.34	56.24	21.5	5.8	3.2
Operating Income	140.46	98.33	36.45	66.53	35.19	28.83
Interest Expense	-13.97	-6.75	-1.03	-0.59	-0.13	-0.24
Interest & Investment Income	5.76	8.69	1.96	1.85	1.08	0.29
Currency Exchange Gain (Loss)	-18.04	28.73	0.81	4.46	1.45	-0.03
Other Non Operating Income (Expenses)	-7.38	-8.85	-7.72	-31.11	-0.11	-0.25
EBT Excluding Unusual Items	106.83	120.15	30.47	41.13	37.47	28.59
Gain (Loss) on Sale of Investments	-	-	-1.8	-	-0	-
Legal Settlements	-0.39	1.26	-0.38	-0.8	-0.52	-0.18
Pretax Income	106.66	121.41	28.29	40.36	36.95	28.41
Income Tax Expense	-31.84	-28.83	-186.41	16.4	-0.59	0.67
Net Income	138.5	150.24	214.7	23.96	37.54	27.74
Net Income to Common	138.5	150.24	214.7	23.96	37.54	27.74
Net Income Growth	-57.82%	-30.02%	796.08%	-36.18%	35.34%	89.33%
Shares Outstanding (Basic)	936	936	936	936	936	936
Shares Outstanding (Diluted)	936	936	936	936	936	936
EPS (Basic)	0.15	0.16	0.23	0.03	0.04	0.03
EPS (Diluted)	0.15	0.16	0.23	0.03	0.04	0.03
EPS Growth	-57.82%	-30.02%	796.09%	-36.18%	35.35%	89.34%
Free Cash Flow	226.03	207.77	176.47	141.52	29.55	25.91
Free Cash Flow Per Share	0.24	0.22	0.19	0.15	0.03	0.03
Gross Margin	29.97%	27.61%	25.70%	37.13%	47.95%	49.34%
Operating Margin	26.68%	20.46%	10.11%	28.06%	41.17%	44.40%
Profit Margin	26.31%	31.26%	59.53%	10.11%	43.92%	42.73%
Free Cash Flow Margin	42.93%	43.23%	48.93%	59.69%	34.57%	39.91%
EBITDA	116.21	130.34	67.97	79.4	38.3	30.9
EBITDA Margin	22.07%	27.12%	18.85%	33.48%	44.81%	47.59%
D&A For EBITDA	-24.25	32.01	31.53	12.86	3.11	2.07
EBIT	140.46	98.33	36.45	66.53	35.19	28.83
EBIT Margin	26.68%	20.46%	10.11%	28.06%	41.17%	44.40%
Effective Tax Rate	-	-	-	40.64%	-	2.36%

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