IST:FRIGO 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	1,227	841.25	1,090	765.64	160.46
Revenue Growth (YoY)	45.82%	-22.81%	42.35%	377.17%	49.67%
Cost of Revenue	1,402	611.13	750.01	500.42	102.89
Gross Profit	-175.18	230.13	339.88	265.22	57.56
Selling, General & Admin	165.72	77.78	95.01	59.02	14.41
Other Operating Expenses	-46.28	-8.31	-2.94	-1.37	-0.63
Operating Expenses	119.44	69.47	92.07	57.65	13.78
Operating Income	-294.61	160.66	247.81	207.57	43.78
Interest Expense	-258.4	-27.41	-51.53	-5.19	-0.82
Interest & Investment Income	22.25	81.06	39.57	12.4	2.24
Earnings From Equity Investments	-	-	-	-1.07	-
Currency Exchange Gain (Loss)	-	-20.08	-87.92	-13.48	-17.17
Other Non Operating Income (Expenses)	149.99	-29.27	-172.47	-174.12	-23.41
EBT Excluding Unusual Items	-380.77	164.96	-24.54	26.11	4.63
Gain (Loss) on Sale of Investments	-	0.11	-	-	-
Legal Settlements	-	-0.03	-0.08	-0.01	-0
Pretax Income	-380.77	165.03	-24.62	26.1	4.62
Income Tax Expense	-84.25	55.89	51.38	50.79	-2.55
Net Income	-296.51	109.14	-76	-24.68	7.18
Net Income to Common	-296.51	109.14	-76	-24.68	7.18
Net Income Growth	-	-	-	-	-59.89%
Shares Outstanding (Basic)	-	147	122	122	122
Shares Outstanding (Diluted)	-	147	122	122	122
Shares Change (YoY)	-	20.23%	-	-	336.96%
EPS (Basic)	-	0.74	-0.62	-0.20	0.06
EPS (Diluted)	-	0.74	-0.62	-0.20	0.06
EPS Growth	-	-	-	-	-90.82%
Free Cash Flow	121.78	-151.38	-126.37	-90.21	-47.16
Free Cash Flow Per Share	-	-1.03	-1.03	-0.74	-0.39
Gross Margin	-14.28%	27.36%	31.19%	34.64%	35.88%
Operating Margin	-24.02%	19.10%	22.74%	27.11%	27.29%
Profit Margin	-24.17%	12.97%	-6.97%	-3.22%	4.47%
Free Cash Flow Margin	9.93%	-18.00%	-11.59%	-11.78%	-29.39%
EBITDA	-204.18	202.23	279.6	232.37	46.83
EBITDA Margin	-16.64%	24.04%	25.65%	30.35%	29.18%
D&A For EBITDA	90.43	41.57	31.79	24.79	3.04
EBIT	-294.61	160.66	247.81	207.57	43.78
EBIT Margin	-24.02%	19.10%	22.74%	27.11%	27.29%
Effective Tax Rate	-	33.87%	-	194.56%	-

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