IST:FONET 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	855.07	629.01	360.68	237.11	85.48
Revenue Growth (YoY)	35.94%	74.40%	52.12%	177.38%	31.67%
Cost of Revenue	518.8	455.36	268	149.07	44.49
Gross Profit	336.27	173.65	92.68	88.04	40.99
Selling, General & Admin	93.1	91.48	66.36	31.72	8.07
Research & Development	5.28	3.19	3.49	0.37	0.42
Other Operating Expenses	-44.17	-48.29	-13.61	-10.58	-2.69
Operating Expenses	54.21	46.37	56.24	21.5	5.8
Operating Income	282.06	127.28	36.45	66.53	35.19
Interest Expense	-17.7	-8.83	-1.03	-0.59	-0.13
Interest & Investment Income	24.95	61.84	1.96	1.85	1.08
Currency Exchange Gain (Loss)	-	-	0.81	4.46	1.45
Other Non Operating Income (Expenses)	-31.83	-23.02	-7.72	-31.11	-0.11
EBT Excluding Unusual Items	257.48	157.27	30.47	41.13	37.47
Gain (Loss) on Sale of Investments	-2.84	-	-1.8	-	-0
Legal Settlements	0.06	1.65	-0.38	-0.8	-0.52
Pretax Income	254.86	158.92	28.29	40.36	36.95
Income Tax Expense	31.98	-37.73	-186.41	16.4	-0.59
Net Income	222.88	196.65	214.7	23.96	37.54
Net Income to Common	222.88	196.65	214.7	23.96	37.54
Net Income Growth	13.34%	-8.41%	796.08%	-36.18%	35.34%
Shares Outstanding (Basic)	936	936	936	936	936
Shares Outstanding (Diluted)	936	936	936	936	936
EPS (Basic)	0.24	0.21	0.23	0.03	0.04
EPS (Diluted)	0.24	0.21	0.23	0.03	0.04
EPS Growth	13.34%	-8.41%	796.09%	-36.18%	35.35%
Free Cash Flow	326.78	271.95	176.47	141.52	29.55
Free Cash Flow Per Share	0.35	0.29	0.19	0.15	0.03
Gross Margin	39.33%	27.61%	25.70%	37.13%	47.95%
Operating Margin	32.99%	20.23%	10.11%	28.06%	41.17%
Profit Margin	26.07%	31.26%	59.53%	10.11%	43.92%
Free Cash Flow Margin	38.22%	43.23%	48.93%	59.69%	34.57%
EBITDA	328.17	169.18	67.97	79.4	38.3
EBITDA Margin	38.38%	26.90%	18.85%	33.48%	44.81%
D&A For EBITDA	46.11	41.9	31.53	12.86	3.11
EBIT	282.06	127.28	36.45	66.53	35.19
EBIT Margin	32.99%	20.23%	10.11%	28.06%	41.17%
Effective Tax Rate	12.55%	-	-	40.64%	-

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