IST:FRIGO 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	Sep '25 Sep 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	995.12	841.25	1,090	765.64	160.46	107.21
Revenue Growth (YoY)	-10.91%	-22.81%	42.35%	377.17%	49.67%	32.02%
Cost of Revenue	1,205	611.13	750.01	500.42	102.89	70.98
Gross Profit	-209.75	230.13	339.88	265.22	57.56	36.23
Selling, General & Admin	120.11	77.78	95.01	59.02	14.41	7.15
Other Operating Expenses	-14.92	-8.31	-2.94	-1.37	-0.63	0.53
Operating Expenses	105.19	69.47	92.07	57.65	13.78	7.68
Operating Income	-314.94	160.66	247.81	207.57	43.78	28.55
Interest Expense	-83.53	-27.41	-51.53	-5.19	-0.82	-0.73
Interest & Investment Income	-	81.06	39.57	12.4	2.24	0.79
Earnings From Equity Investments	-	-	-	-1.07	-	-
Currency Exchange Gain (Loss)	-146.03	-20.08	-87.92	-13.48	-17.17	-5.3
Other Non Operating Income (Expenses)	104.47	-29.27	-172.47	-174.12	-23.41	-0.05
EBT Excluding Unusual Items	-440.04	164.96	-24.54	26.11	4.63	23.26
Gain (Loss) on Sale of Investments	70	0.11	-	-	-	-
Legal Settlements	-0.03	-0.03	-0.08	-0.01	-0	-0
Pretax Income	-370.07	165.03	-24.62	26.1	4.62	23.26
Income Tax Expense	10.52	55.89	51.38	50.79	-2.55	5.36
Net Income	-380.59	109.14	-76	-24.68	7.18	17.9
Net Income to Common	-380.59	109.14	-76	-24.68	7.18	17.9
Net Income Growth	-	-	-	-	-59.89%	56.54%
Shares Outstanding (Basic)	147	147	122	122	122	28
Shares Outstanding (Diluted)	147	147	122	122	122	28
Shares Change (YoY)	-	20.23%	-	-	336.96%	-
EPS (Basic)	-2.59	0.74	-0.62	-0.20	0.06	0.64
EPS (Diluted)	-2.59	0.74	-0.62	-0.20	0.06	0.64
EPS Growth	-	-	-	-	-90.82%	56.54%
Free Cash Flow	25.25	-151.38	-126.37	-90.21	-47.16	43.5
Free Cash Flow Per Share	0.17	-1.03	-1.03	-0.74	-0.39	1.55
Gross Margin	-21.08%	27.36%	31.19%	34.64%	35.88%	33.79%
Operating Margin	-31.65%	19.10%	22.74%	27.11%	27.29%	26.63%
Profit Margin	-38.25%	12.97%	-6.97%	-3.22%	4.47%	16.69%
Free Cash Flow Margin	2.54%	-18.00%	-11.59%	-11.78%	-29.39%	40.58%
EBITDA	-258.62	202.23	279.6	232.37	46.83	30.8
EBITDA Margin	-25.99%	24.04%	25.65%	30.35%	29.18%	28.73%
D&A For EBITDA	56.33	41.57	31.79	24.79	3.04	2.25
EBIT	-314.94	160.66	247.81	207.57	43.78	28.55
EBIT Margin	-31.65%	19.10%	22.74%	27.11%	27.29%	26.63%
Effective Tax Rate	-	33.87%	-	194.56%	-	23.06%

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