IST:GEREL 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
Revenue	2,591	2,693	3,434	2,107	1,607	380.58
Revenue Growth (YoY)	9.25%	-21.56%	62.93%	31.14%	322.24%	49.96%
Cost of Revenue	1,844	2,101	2,905	1,806	1,273	317.92
Gross Profit	746.44	592.64	528.4	301.18	333.77	62.66
Selling, General & Admin	562.34	537.65	428.91	282.45	199.35	49.18
Other Operating Expenses	4.24	-77.21	-45.74	23.13	-1.05	2.88
Operating Expenses	566.58	460.44	383.18	305.59	198.3	52.06
Operating Income	179.86	132.2	145.23	-4.41	135.46	10.6
Interest Expense	-8.72	-24.98	-15.93	-136.64	-27.03	-12.35
Interest & Investment Income	24.29	24.03	29.24	10.21	1.47	0.35
Currency Exchange Gain (Loss)	45.59	45.59	-23.47	148.82	23.99	3.18
Other Non Operating Income (Expenses)	223.82	-12.64	200.16	-177.43	-131.63	-1.59
EBT Excluding Unusual Items	464.84	164.2	335.23	-159.46	2.27	0.19
Gain (Loss) on Sale of Investments	0.08	-	-	-0.03	-0.9	-
Legal Settlements	-	-	-	-	-0.88	-0.54
Other Unusual Items	16.78	16.78	18.9	0.62	-	-
Pretax Income	481.7	180.99	354.13	-158.86	0.49	-0.34
Income Tax Expense	122.77	81.26	22.02	6.11	29.48	-7.36
Earnings From Continuing Operations	358.94	99.72	332.11	-164.97	-28.99	7.02
Minority Interest in Earnings	28.68	-0.38	-0.15	-1.61	-1.72	-0.03
Net Income	387.62	99.35	331.96	-166.58	-30.71	6.99
Net Income to Common	387.62	99.35	331.96	-166.58	-30.71	6.99
Net Income Growth	-	-70.07%	-	-	-	-17.59%
Shares Outstanding (Basic)	-	372	240	240	240	240
Shares Outstanding (Diluted)	-	372	240	240	240	240
Shares Change (YoY)	-	55.20%	-	-	-	-
EPS (Basic)	-	0.27	1.38	-0.69	-0.13	0.03
EPS (Diluted)	-	0.27	1.38	-0.69	-0.13	0.03
EPS Growth	-	-80.72%	-	-	-	-17.85%
Free Cash Flow	-1,646	-1,767	21.13	133.9	-44.98	-36.24
Free Cash Flow Per Share	-	-4.74	0.09	0.56	-0.19	-0.15
Gross Margin	28.81%	22.00%	15.39%	14.29%	20.77%	16.46%
Operating Margin	6.94%	4.91%	4.23%	-0.21%	8.43%	2.79%
Profit Margin	14.96%	3.69%	9.67%	-7.90%	-1.91%	1.84%
Free Cash Flow Margin	-63.55%	-65.59%	0.61%	6.35%	-2.80%	-9.52%
EBITDA	222.64	174.84	180.37	16.34	149.8	13.91
EBITDA Margin	8.59%	6.49%	5.25%	0.78%	9.32%	3.66%
D&A For EBITDA	42.78	42.64	35.15	20.75	14.33	3.31
EBIT	179.86	132.2	145.23	-4.41	135.46	10.6
EBIT Margin	6.94%	4.91%	4.23%	-0.21%	8.43%	2.79%
Effective Tax Rate	25.49%	44.90%	6.22%	-	6057.23%	-

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