IST:GEREL 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
Revenue	2,693	3,434	2,107	1,607	380.58
Revenue Growth (YoY)	-21.56%	62.93%	31.14%	322.24%	49.96%
Cost of Revenue	2,101	2,905	1,806	1,273	317.92
Gross Profit	592.64	528.4	301.18	333.77	62.66
Selling, General & Admin	537.65	428.91	282.45	199.35	49.18
Other Operating Expenses	-77.21	-45.74	23.13	-1.05	2.88
Operating Expenses	460.44	383.18	305.59	198.3	52.06
Operating Income	132.2	145.23	-4.41	135.46	10.6
Interest Expense	-24.98	-15.93	-136.64	-27.03	-12.35
Interest & Investment Income	24.03	29.24	10.21	1.47	0.35
Currency Exchange Gain (Loss)	45.59	-23.47	148.82	23.99	3.18
Other Non Operating Income (Expenses)	-12.64	200.16	-177.43	-131.63	-1.59
EBT Excluding Unusual Items	164.2	335.23	-159.46	2.27	0.19
Gain (Loss) on Sale of Investments	-	-	-0.03	-0.9	-
Legal Settlements	-	-	-	-0.88	-0.54
Other Unusual Items	16.78	18.9	0.62	-	-
Pretax Income	180.99	354.13	-158.86	0.49	-0.34
Income Tax Expense	81.26	22.02	6.11	29.48	-7.36
Earnings From Continuing Operations	99.72	332.11	-164.97	-28.99	7.02
Minority Interest in Earnings	-0.38	-0.15	-1.61	-1.72	-0.03
Net Income	99.35	331.96	-166.58	-30.71	6.99
Net Income to Common	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	-1,767	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	22.00%	15.39%	14.29%	20.77%	16.46%
Operating Margin	4.91%	4.23%	-0.21%	8.43%	2.79%
Profit Margin	3.69%	9.67%	-7.90%	-1.91%	1.84%
Free Cash Flow Margin	-65.59%	0.61%	6.35%	-2.80%	-9.52%
EBITDA	174.84	180.37	16.34	149.8	13.91
EBITDA Margin	6.49%	5.25%	0.78%	9.32%	3.66%
D&A For EBITDA	42.64	35.15	20.75	14.33	3.31
EBIT	132.2	145.23	-4.41	135.46	10.6
EBIT Margin	4.91%	4.23%	-0.21%	8.43%	2.79%
Effective Tax Rate	44.90%	6.22%	-	6057.23%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.