IST:GARAN 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
Interest Income on Loans	573,406	398,961	166,304	86,811	46,318
Interest Income on Investments	209,666	141,757	67,368	46,085	13,903
Total Interest Income	783,072	540,718	233,671	132,896	60,221
Interest Paid on Deposits	497,858	371,132	131,508	34,307	19,443
Interest Paid on Borrowings	80,199	43,368	15,693	10,401	4,685
Total Interest Expense	578,057	414,500	147,200	44,708	24,128
Net Interest Income	205,015	126,218	86,471	88,187	36,092
Net Interest Income Growth (YoY)	62.43%	45.97%	-1.95%	144.34%	67.70%
Income From Trading Activities	-16,690	-21,410	-15,170	-20,308	-2,188
Gain (Loss) on Sale of Assets	452.99	515.72	567.82	604.49	505.14
Gain (Loss) on Sale of Investments	-	-	-	-323.66	-
Other Non-Interest Income	220,306	181,164	127,444	64,808	27,133
Total Non-Interest Income	204,069	160,270	112,842	44,781	25,449
Non-Interest Income Growth (YoY)	27.33%	42.03%	151.99%	75.96%	167.94%
Revenues Before Loan Losses	409,083	286,488	199,313	132,968	61,542
Provision for Loan Losses	80,246	58,096	39,154	26,005	20,956
Revenue	328,837	228,392	160,159	106,963	40,586
Revenue Growth (YoY)	43.98%	42.60%	49.73%	163.55%	73.01%
Salaries and Employee Benefits	61,259	40,785	20,849	10,141	6,046
Selling, General & Administrative	8,843	5,074	2,085	938.87	599.38
Other Non-Interest Expense	97,343	56,570	30,909	18,737	16,078
Total Non-Interest Expense	164,178	100,405	50,567	28,833	22,171
EBT Excluding Unusual Items	164,659	127,987	109,592	78,130	18,415
Asset Writedown	-68.56	-16.19	-7.63	-2.25	-4.48
Other Unusual Items	-10,278	-4,043	-2,523	-1,140	-
Pretax Income	154,313	123,928	107,061	76,988	18,410
Income Tax Expense	43,051	31,749	20,154	18,477	4,823
Earnings From Continuing Operations	111,262	92,179	86,907	58,510	13,588
Minority Interest in Earnings	-1,446	-935.75	-532.22	-224.93	-120.82
Net Income	109,816	91,243	86,375	58,285	13,467
Net Income to Common	109,816	91,243	86,375	58,285	13,467
Net Income Growth	20.36%	5.64%	48.19%	332.81%	102.32%
Basic Shares Outstanding	4,200	4,200	4,200	4,200	4,200
Diluted Shares Outstanding	4,200	4,200	4,200	4,200	4,200
EPS (Basic)	26.15	21.72	20.57	13.88	3.21
EPS (Diluted)	26.15	21.72	20.57	13.88	3.21
EPS Growth	20.36%	5.64%	48.19%	332.81%	102.32%
Dividend Per Share	-	4.389	3.119	2.090	-
Dividend Growth	-	40.73%	49.26%	-	-
Effective Tax Rate	27.90%	25.62%	18.82%	24.00%	26.20%

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