IST:FORTE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,758	1,781	959.88	685.13	215.35	204.33
Revenue Growth (YoY)	74.77%	85.58%	40.10%	218.15%	5.40%	-
Cost of Revenue	1,416	1,461	633.95	506.07	176.62	150.39
Gross Profit	341.92	320.69	325.93	179.06	38.73	53.94
Selling, General & Admin	107.22	103.56	67.34	28.39	5.72	4.38
Research & Development	17.83	10.46	6.72	3.79	0.3	-
Other Operating Expenses	48.45	24.19	15.29	-25	-0.22	1.97
Operating Expenses	173.51	138.21	89.35	7.19	5.81	6.35
Operating Income	168.41	182.48	236.58	171.87	32.93	47.59
Interest Expense	-51.79	-49.69	-35.87	-10.24	-0.04	-0.01
Interest & Investment Income	44.29	60.86	94.19	3.4	2.07	1.08
Currency Exchange Gain (Loss)	-96.17	-105.91	53.3	-9.41	-6.14	0.24
Other Non Operating Income (Expenses)	-114.1	-157.14	-259.83	-73.2	-0.31	-1.8
EBT Excluding Unusual Items	-49.36	-69.39	88.37	82.42	28.51	47.1
Gain (Loss) on Sale of Investments	-3.83	-3.83	-5.56	-	-0	-
Pretax Income	-53.19	-73.22	82.81	82.42	28.51	47.1
Income Tax Expense	16.52	9.55	70.62	27.14	5.05	6.22
Earnings From Continuing Operations	-69.71	-82.76	12.19	55.28	23.46	40.88
Minority Interest in Earnings	2.44	0.75	-	-	-	-9.58
Net Income	-67.27	-82.02	12.19	55.28	23.46	31.29
Net Income to Common	-67.27	-82.02	12.19	55.28	23.46	31.29
Net Income Growth	-	-	-77.94%	135.66%	-25.04%	-
Shares Outstanding (Basic)	67	67	53	45	14	2
Shares Outstanding (Diluted)	67	67	53	45	14	2
Shares Change (YoY)	15.22%	26.26%	17.93%	225.19%	476.58%	-
EPS (Basic)	-1.00	-1.22	0.23	1.23	1.70	13.04
EPS (Diluted)	-1.00	-1.22	0.23	1.23	1.70	13.04
EPS Growth	-	-	-81.30%	-27.53%	-87.00%	-
Free Cash Flow	-232.01	27.15	250.46	-24.95	-9.58	45.75
Free Cash Flow Per Share	-3.46	0.41	4.72	-0.56	-0.69	19.06
Dividend Per Share	-	-	0.113	-	-	-
Gross Margin	19.45%	18.00%	33.95%	26.14%	17.99%	26.40%
Operating Margin	9.58%	10.24%	24.65%	25.09%	15.29%	23.29%
Profit Margin	-3.83%	-4.60%	1.27%	8.07%	10.89%	15.32%
Free Cash Flow Margin	-13.20%	1.52%	26.09%	-3.64%	-4.45%	22.39%
EBITDA	180.81	195.14	240.9	173.66	33.3	47.92
EBITDA Margin	10.29%	10.95%	25.10%	25.35%	15.47%	23.45%
D&A For EBITDA	12.4	12.66	4.32	1.79	0.38	0.33
EBIT	168.41	182.48	236.58	171.87	32.93	47.59
EBIT Margin	9.58%	10.24%	24.65%	25.09%	15.29%	23.29%
Effective Tax Rate	-	-	85.28%	32.93%	17.71%	13.21%

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