Garanti Faktoring A.S. Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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 and Dividend Income	12,199	10,319	5,511	3,220	1,301	621.49
Total Interest Expense	8,201	6,705	3,219	2,178	750.71	417.86
Net Interest Income	3,998	3,614	2,291	1,042	549.91	203.63
Commissions and Fees	187.5	155.74	119.35	799.79	47.21	17.28
Revenue Before Loan Losses	4,185	3,769	2,410	1,842	597.13	220.91
Provision for Loan Losses	391.28	342.16	93.67	70.43	37.02	41.32
Revenue	3,794	3,427	2,317	1,771	560.11	179.59
Revenue Growth (YoY)	50.50%	47.93%	30.78%	216.28%	211.88%	671.80%
Salaries & Employee Benefits	467.58	429.75	283.17	143.82	67.29	41.32
Cost of Services Provided	325.14	271.09	162.87	158.65	47.88	29.11
Other Operating Expenses	-142.81	-93.65	-79.34	150.35	10.04	-21.51
Total Operating Expenses	649.9	607.19	366.7	452.83	125.2	48.92
Operating Income	3,144	2,820	1,950	1,319	434.91	130.67
Currency Exchange Gain (Loss)	22.91	22.2	4.34	49.55	19.95	28.5
Pretax Income	3,405	3,020	2,047	1,483	464.5	167.03
Income Tax Expense	1,002	890.02	608.73	438.06	113.76	35.09
Earnings From Continuing Ops.	2,403	2,130	1,438	1,045	350.74	131.94
Net Income	2,403	2,130	1,438	1,045	350.74	131.94
Net Income to Common	2,403	2,130	1,438	1,045	350.74	131.94
Net Income Growth	53.20%	48.12%	37.60%	197.96%	165.84%	163.08%
Shares Outstanding (Basic)	398	398	398	398	398	398
Shares Outstanding (Diluted)	398	398	398	398	398	398
EPS (Basic)	6.05	5.36	3.62	2.63	0.88	0.33
EPS (Diluted)	6.05	5.36	3.62	2.63	0.88	0.33
EPS Growth	53.20%	48.12%	37.60%	197.96%	165.84%	163.08%
Free Cash Flow	184.54	396.25	2,080	-1,441	115.93	199.1
Free Cash Flow Per Share	0.46	1.00	5.23	-3.62	0.29	0.50
Operating Margin	82.87%	82.28%	84.17%	74.44%	77.65%	72.76%
Profit Margin	63.34%	62.15%	62.07%	58.99%	62.62%	73.47%
Free Cash Flow Margin	4.86%	11.56%	89.79%	-81.32%	20.70%	110.86%
Effective Tax Rate	29.42%	29.47%	29.74%	29.54%	24.49%	21.01%
Revenue as Reported	12,386	10,474	5,630	4,020	1,348	638.78

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