Formul Plastik A.S. (IST:FRMPL)

Formul Plastik A.S. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	3,455	3,693	3,494	3,935
Revenue Growth (YoY)	-6.44%	5.69%	-11.20%	-
Cost of Revenue	2,497	2,729	2,402	2,829
Gross Profit	958.26	963.87	1,093	1,105
Selling, General & Admin	359.54	359.63	250.88	203.97
Other Operating Expenses	-59.95	14.94	-3.21	-9.31
Operating Expenses	299.59	374.58	247.67	194.66
Operating Income	658.67	589.29	845.15	910.76
Interest Expense	-474.73	-218.13	-111.29	-206.29
Interest & Investment Income	11.37	8.05	143.76	0.38
Currency Exchange Gain (Loss)	47.26	55.12	-6.31	91.51
Other Non Operating Income (Expenses)	-45.58	-253.27	-421.8	-307.41
EBT Excluding Unusual Items	196.99	181.06	449.5	488.95
Gain (Loss) on Sale of Investments	-	-	-	-0
Pretax Income	196.99	181.57	449.54	493.79
Income Tax Expense	34.19	14.78	154.08	196.98
Net Income	162.8	166.78	295.46	296.81
Net Income to Common	162.8	166.78	295.46	296.81
Net Income Growth	-2.39%	-43.55%	-0.45%	-
Shares Outstanding (Basic)	130	130	130	80
Shares Outstanding (Diluted)	130	130	130	80
Shares Change (YoY)	-	-	62.50%	-
EPS (Basic)	1.25	1.28	2.27	3.71
EPS (Diluted)	1.25	1.28	2.27	3.71
EPS Growth	-2.39%	-43.55%	-38.74%	-
Free Cash Flow	370.08	-183.84	412.63	528.53
Free Cash Flow Per Share	2.85	-1.41	3.17	6.61
Gross Margin	27.73%	26.10%	31.27%	28.09%
Operating Margin	19.06%	15.96%	24.19%	23.15%
Profit Margin	4.71%	4.52%	8.46%	7.54%
Free Cash Flow Margin	10.71%	-4.98%	11.81%	13.43%
EBITDA	770.19	689.27	931.82	997.12
EBITDA Margin	22.29%	18.66%	26.67%	25.34%
D&A For EBITDA	111.52	99.98	86.66	86.36
EBIT	658.67	589.29	845.15	910.76
EBIT Margin	19.06%	15.96%	24.19%	23.15%
Effective Tax Rate	17.36%	8.14%	34.28%	39.89%
Advertising Expenses	0.23	1.46	0.71	1.44

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