IST:FORMT 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	923.42	872.07	751.38	504.91	172.95
Revenue Growth (YoY)	5.89%	16.06%	48.81%	191.94%	33.95%
Cost of Revenue	874.58	669.55	553.89	405.15	137.51
Gross Profit	48.85	202.52	197.49	99.76	35.44
Selling, General & Admin	190.88	210.96	178.83	78.09	18.8
Research & Development	2.59	3.18	5.78	3.87	0.59
Other Operating Expenses	26.09	27.45	40.16	-1.5	10.19
Operating Expenses	219.56	241.59	224.77	80.46	29.58
Operating Income	-170.71	-39.07	-27.29	19.31	5.86
Interest Expense	-180.05	-189.65	-71.39	-95.05	-19.37
Interest & Investment Income	121.08	71.39	29.39	41.7	21.32
Currency Exchange Gain (Loss)	-96.46	-42.94	-5.2	-5.95	-5.11
Other Non Operating Income (Expenses)	324.2	-46.37	-68.22	74.57	-
EBT Excluding Unusual Items	-1.94	-246.64	-142.71	34.58	2.7
Gain (Loss) on Sale of Investments	-11.96	26.23	-0.22	-	-
Asset Writedown	-	-	-	-75.39	-
Legal Settlements	-	-	-	-	-0.69
Other Unusual Items	0.35	-	-	-	-2.46
Pretax Income	-13.54	-220.41	-142.92	-40.81	-0.46
Income Tax Expense	94.49	-20.88	-11.45	28.37	-1.52
Net Income	-108.03	-199.53	-131.47	-69.18	1.06
Net Income to Common	-108.03	-199.53	-131.47	-69.18	1.06
Net Income Growth	-	-	-	-	-79.47%
Shares Outstanding (Basic)	1,076	538	538	208	198
Shares Outstanding (Diluted)	1,076	538	538	208	198
Shares Change (YoY)	100.00%	-	159.31%	4.81%	160.53%
EPS (Basic)	-0.10	-0.37	-0.24	-0.33	0.01
EPS (Diluted)	-0.10	-0.37	-0.24	-0.33	0.01
EPS Growth	-	-	-	-	-92.12%
Free Cash Flow	-260.15	-290.32	-420.83	-201.92	-107.02
Free Cash Flow Per Share	-0.24	-0.54	-0.78	-0.97	-0.54
Gross Margin	5.29%	23.22%	26.28%	19.76%	20.49%
Operating Margin	-18.49%	-4.48%	-3.63%	3.82%	3.39%
Profit Margin	-11.70%	-22.88%	-17.50%	-13.70%	0.61%
Free Cash Flow Margin	-28.17%	-33.29%	-56.01%	-39.99%	-61.88%
EBITDA	-117.42	25.41	-0.99	47.46	9.73
EBITDA Margin	-12.72%	2.91%	-0.13%	9.40%	5.63%
D&A For EBITDA	53.3	64.49	26.3	28.15	3.88
EBIT	-170.71	-39.07	-27.29	19.31	5.86
EBIT Margin	-18.49%	-4.48%	-3.63%	3.82%	3.39%

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