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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	450.64	480.56	360.68	237.11	85.48	64.92
Revenue Growth (YoY)	-9.25%	33.24%	52.12%	177.38%	31.67%	32.21%
Cost of Revenue	333.04	347.89	268	149.07	44.49	32.89
Gross Profit	117.6	132.67	92.68	88.04	40.99	32.03
Selling, General & Admin	76.14	69.13	66.36	31.72	8.07	6.55
Research & Development	2.18	2.43	3.49	0.37	0.42	0.02
Other Operating Expenses	-46.57	-37.23	-13.61	-10.58	-2.69	-3.36
Operating Expenses	31.75	34.34	56.24	21.5	5.8	3.2
Operating Income	85.85	98.33	36.45	66.53	35.19	28.83
Interest Expense	-10.09	-6.75	-1.03	-0.59	-0.13	-0.24
Interest & Investment Income	5.7	8.69	1.96	1.85	1.08	0.29
Currency Exchange Gain (Loss)	1.23	28.73	0.81	4.46	1.45	-0.03
Other Non Operating Income (Expenses)	-34.67	-8.85	-7.72	-31.11	-0.11	-0.25
EBT Excluding Unusual Items	48.02	120.15	30.47	41.13	37.47	28.59
Gain (Loss) on Sale of Investments	-	-	-1.8	-	-0	-
Legal Settlements	-0.26	1.26	-0.38	-0.8	-0.52	-0.18
Pretax Income	47.9	121.41	28.29	40.36	36.95	28.41
Income Tax Expense	-41.42	-28.83	-186.41	16.4	-0.59	0.67
Net Income	89.32	150.24	214.7	23.96	37.54	27.74
Net Income to Common	89.32	150.24	214.7	23.96	37.54	27.74
Net Income Growth	-70.43%	-30.02%	796.08%	-36.18%	35.34%	89.33%
Shares Outstanding (Basic)	144	144	144	144	144	144
Shares Outstanding (Diluted)	144	144	144	144	144	144
EPS (Basic)	0.62	1.04	1.49	0.17	0.26	0.19
EPS (Diluted)	0.62	1.04	1.49	0.17	0.26	0.19
EPS Growth	-70.43%	-30.02%	796.08%	-36.18%	35.34%	89.33%
Free Cash Flow	125.97	207.77	176.47	141.52	29.55	25.91
Free Cash Flow Per Share	0.88	1.44	1.23	0.98	0.20	0.18
Gross Margin	26.10%	27.61%	25.70%	37.13%	47.95%	49.34%
Operating Margin	19.05%	20.46%	10.11%	28.06%	41.17%	44.40%
Profit Margin	19.82%	31.26%	59.53%	10.11%	43.92%	42.73%
Free Cash Flow Margin	27.95%	43.23%	48.93%	59.69%	34.57%	39.91%
EBITDA	83.74	130.34	67.97	79.4	38.3	30.9
EBITDA Margin	18.58%	27.12%	18.85%	33.48%	44.81%	47.59%
D&A For EBITDA	-2.1	32.01	31.53	12.86	3.11	2.07
EBIT	85.85	98.33	36.45	66.53	35.19	28.83
EBIT Margin	19.05%	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.