Garanti Faktoring A.S. (IST:GARFA)

Garanti Faktoring A.S. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	7,012	5,511	3,220	1,301	621.49	297.65
Total Interest Expense	4,202	3,219	2,178	750.71	417.86	188.75
Net Interest Income	2,810	2,291	1,042	549.91	203.63	108.9
Commissions and Fees	93.19	119.35	799.79	47.21	17.28	11.82
Revenue Before Loan Losses	2,903	2,410	1,842	597.13	220.91	120.72
Provision for Loan Losses	107.92	93.67	70.43	37.02	41.32	97.45
Revenue	2,795	2,317	1,771	560.11	179.59	23.27
Revenue Growth (YoY)	27.10%	30.78%	216.28%	211.88%	671.80%	-56.78%
Salaries & Employee Benefits	354.55	283.17	143.82	67.29	41.32	30.84
Cost of Services Provided	181.07	162.87	158.65	47.88	29.11	19.14
Other Operating Expenses	-74.49	-79.34	150.35	10.04	-21.51	-16.67
Total Operating Expenses	461.13	366.7	452.83	125.2	48.92	33.31
Operating Income	2,334	1,950	1,319	434.91	130.67	-10.04
Currency Exchange Gain (Loss)	13.84	4.34	49.55	19.95	28.5	72.33
Pretax Income	2,438	2,047	1,483	464.5	167.03	64.67
Income Tax Expense	731.17	608.73	438.06	113.76	35.09	14.52
Earnings From Continuing Ops.	1,707	1,438	1,045	350.74	131.94	50.15
Net Income	1,707	1,438	1,045	350.74	131.94	50.15
Net Income to Common	1,707	1,438	1,045	350.74	131.94	50.15
Net Income Growth	35.81%	37.60%	197.96%	165.84%	163.08%	150.75%
Shares Outstanding (Basic)	398	398	398	398	398	398
Shares Outstanding (Diluted)	398	398	398	398	398	398
EPS (Basic)	4.29	3.62	2.63	0.88	0.33	0.13
EPS (Diluted)	4.29	3.62	2.63	0.88	0.33	0.13
EPS Growth	35.81%	37.60%	197.96%	165.84%	163.08%	150.75%
Free Cash Flow	1,011	2,080	-1,441	115.93	199.1	-529.99
Free Cash Flow Per Share	2.54	5.23	-3.62	0.29	0.50	-1.33
Operating Margin	83.50%	84.17%	74.44%	77.65%	72.76%	-43.14%
Profit Margin	61.08%	62.07%	58.99%	62.62%	73.47%	215.52%
Free Cash Flow Margin	36.16%	89.79%	-81.32%	20.70%	110.86%	-2277.65%
Effective Tax Rate	29.99%	29.74%	29.54%	24.49%	21.01%	22.45%
Revenue as Reported	7,106	5,630	4,020	1,348	638.78	309.47

Updated Jan 27, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.