IST:GEREL Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,815	2,623	2,107	1,607	380.58	253.79
Revenue Growth (YoY)	-44.54%	24.48%	31.14%	322.24%	49.96%	16.65%
Cost of Revenue	1,981	2,220	1,806	1,273	317.92	209.28
Gross Profit	-165.91	403.69	301.18	333.77	62.66	44.51
Selling, General & Admin	426.33	327.68	282.45	199.35	49.18	39
Other Operating Expenses	-109.19	-33.56	23.13	-1.05	2.88	4.3
Operating Expenses	317.14	294.13	305.59	198.3	52.06	43.3
Operating Income	-483.05	109.56	-4.41	135.46	10.6	1.21
Interest Expense	-102.68	-89.09	-136.64	-27.03	-12.35	-16.72
Interest & Investment Income	20.89	22.34	10.21	1.47	0.35	0.64
Currency Exchange Gain (Loss)	59.38	-17.93	148.82	23.99	3.18	23.12
Other Non Operating Income (Expenses)	201.1	229.83	-177.43	-131.63	-1.59	-1.31
EBT Excluding Unusual Items	-304.35	254.72	-159.46	2.27	0.19	6.94
Gain (Loss) on Sale of Investments	-	-	-0.03	-0.9	-	-0.47
Legal Settlements	1.66	-	-	-0.88	-0.54	-0.15
Other Unusual Items	7.84	14.44	0.62	-	-	-
Pretax Income	-294.85	269.16	-158.86	0.49	-0.34	6.32
Income Tax Expense	-82.95	16.82	6.11	29.48	-7.36	-1.99
Earnings From Continuing Operations	-211.9	252.34	-164.97	-28.99	7.02	8.31
Minority Interest in Earnings	-0.2	-0.12	-1.61	-1.72	-0.03	0.17
Net Income	-212.1	252.22	-166.58	-30.71	6.99	8.48
Net Income to Common	-212.1	252.22	-166.58	-30.71	6.99	8.48
Net Income Growth	-	-	-	-	-17.59%	-
Shares Outstanding (Basic)	339	240	240	240	240	240
Shares Outstanding (Diluted)	339	240	240	240	240	240
Shares Change (YoY)	41.40%	-	-	-	-	10.50%
EPS (Basic)	-0.63	1.05	-0.69	-0.13	0.03	0.04
EPS (Diluted)	-0.63	1.05	-0.69	-0.13	0.03	0.04
EPS Growth	-	-	-	-	-17.85%	-
Free Cash Flow	-354.02	-7.74	133.9	-44.98	-36.24	10.33
Free Cash Flow Per Share	-1.04	-0.03	0.56	-0.19	-0.15	0.04
Gross Margin	-9.14%	15.39%	14.29%	20.77%	16.46%	17.54%
Operating Margin	-26.61%	4.18%	-0.21%	8.43%	2.79%	0.48%
Profit Margin	-11.68%	9.62%	-7.90%	-1.91%	1.84%	3.34%
Free Cash Flow Margin	-19.50%	-0.29%	6.35%	-2.80%	-9.52%	4.07%
EBITDA	-459.33	136.42	16.34	149.8	13.91	5.97
EBITDA Margin	-25.30%	5.20%	0.78%	9.32%	3.66%	2.35%
D&A For EBITDA	23.72	26.85	20.75	14.33	3.31	4.76
EBIT	-483.05	109.56	-4.41	135.46	10.6	1.21
EBIT Margin	-26.61%	4.18%	-0.21%	8.43%	2.79%	0.48%
Effective Tax Rate	-	6.25%	-	6057.23%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.