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	Jun '25 Jun 30, 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	1,548	1,781	959.88	685.13	215.35	204.33
Revenue Growth (YoY)	17.53%	85.58%	40.10%	218.15%	5.40%	-
Cost of Revenue	1,193	1,461	633.95	506.07	176.62	150.39
Gross Profit	354.34	320.69	325.93	179.06	38.73	53.94
Selling, General & Admin	95.07	103.56	67.34	28.39	5.72	4.38
Research & Development	20.74	10.46	6.72	3.79	0.3	-
Other Operating Expenses	36.64	24.19	15.29	-25	-0.22	1.97
Operating Expenses	152.44	138.21	89.35	7.19	5.81	6.35
Operating Income	201.9	182.48	236.58	171.87	32.93	47.59
Interest Expense	-86.04	-49.69	-35.87	-10.24	-0.04	-0.01
Interest & Investment Income	36.9	60.86	94.19	3.4	2.07	1.08
Currency Exchange Gain (Loss)	-78.15	-105.91	53.3	-9.41	-6.14	0.24
Other Non Operating Income (Expenses)	-41.53	-157.14	-259.83	-73.2	-0.31	-1.8
EBT Excluding Unusual Items	33.09	-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	29.26	-73.22	82.81	82.42	28.51	47.1
Income Tax Expense	50.46	9.55	70.62	27.14	5.05	6.22
Earnings From Continuing Operations	-21.2	-82.76	12.19	55.28	23.46	40.88
Minority Interest in Earnings	2.65	0.75	-	-	-	-9.58
Net Income	-18.55	-82.02	12.19	55.28	23.46	31.29
Net Income to Common	-18.55	-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)	11.55%	26.26%	17.93%	225.19%	476.58%	-
EPS (Basic)	-0.28	-1.22	0.23	1.23	1.70	13.04
EPS (Diluted)	-0.28	-1.22	0.23	1.23	1.70	13.04
EPS Growth	-	-	-81.30%	-27.53%	-87.00%	-
Free Cash Flow	-189.47	27.15	250.46	-24.95	-9.58	45.75
Free Cash Flow Per Share	-2.83	0.41	4.72	-0.56	-0.69	19.06
Dividend Per Share	-	-	0.113	-	-	-
Gross Margin	22.90%	18.00%	33.95%	26.14%	17.99%	26.40%
Operating Margin	13.05%	10.24%	24.65%	25.09%	15.29%	23.29%
Profit Margin	-1.20%	-4.60%	1.27%	8.07%	10.89%	15.32%
Free Cash Flow Margin	-12.24%	1.52%	26.09%	-3.64%	-4.45%	22.39%
EBITDA	212	195.14	240.9	173.66	33.3	47.92
EBITDA Margin	13.70%	10.95%	25.10%	25.35%	15.47%	23.45%
D&A For EBITDA	10.1	12.66	4.32	1.79	0.38	0.33
EBIT	201.9	182.48	236.58	171.87	32.93	47.59
EBIT Margin	13.05%	10.24%	24.65%	25.09%	15.29%	23.29%
Effective Tax Rate	172.45%	-	85.28%	32.93%	17.71%	13.21%

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