IST:GLRMK 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
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
Revenue	32,507	34,515	26,461	21,023	18,717
Revenue Growth (YoY)	-15.92%	30.44%	25.87%	12.32%	-
Cost of Revenue	27,662	30,527	23,684	20,598	18,704
Gross Profit	4,845	3,987	2,778	425.07	13.2
Selling, General & Admin	650.79	464.77	259.67	250.66	192.8
Other Operating Expenses	440.13	59.93	42.78	7.78	268.16
Operating Expenses	1,091	524.7	302.45	258.43	460.97
Operating Income	3,754	3,463	2,475	166.63	-447.77
Interest Expense	-629.9	-292.15	-236.95	-39.35	-19.98
Interest & Investment Income	709.09	378.06	443.12	68.99	97.03
Earnings From Equity Investments	-	-	-271.52	230.01	-21.62
Currency Exchange Gain (Loss)	995.19	235.17	728.76	814.87	1,706
Other Non Operating Income (Expenses)	-13.79	562.56	-1,792	-1,850	-417.73
EBT Excluding Unusual Items	4,814	4,346	1,347	-608.8	895.99
Gain (Loss) on Sale of Investments	-18.48	-14.96	-44.8	-5.63	-7.18
Pretax Income	4,740	4,331	1,302	-614.43	888.81
Income Tax Expense	962.56	762.75	-356.79	-798.05	199.24
Earnings From Continuing Operations	3,778	3,569	1,659	183.62	689.57
Earnings From Discontinued Operations	-	-	-18.75	-8.66	-26.24
Net Income to Company	3,778	3,569	1,640	174.96	663.33
Minority Interest in Earnings	18.15	0.41	-	-	-
Net Income	3,796	3,569	1,640	174.96	663.33
Net Income to Common	3,796	3,569	1,640	174.96	663.33
Net Income Growth	-20.86%	117.62%	837.39%	-73.62%	-
Shares Outstanding (Basic)	273	190	80	80	80
Shares Outstanding (Diluted)	273	190	80	80	80
Shares Change (YoY)	55.93%	137.50%	-	-	-
EPS (Basic)	13.92	18.78	20.50	2.19	8.29
EPS (Diluted)	13.92	18.78	20.50	2.19	8.29
EPS Growth	-49.24%	-8.37%	837.39%	-73.62%	-
Free Cash Flow	251.05	1,627	3,890	1,545	4,334
Free Cash Flow Per Share	0.92	8.56	48.62	19.31	54.18
Gross Margin	14.90%	11.55%	10.50%	2.02%	0.07%
Operating Margin	11.55%	10.03%	9.35%	0.79%	-2.39%
Profit Margin	11.68%	10.34%	6.20%	0.83%	3.54%
Free Cash Flow Margin	0.77%	4.71%	14.70%	7.35%	23.16%
EBITDA	4,781	4,301	3,264	689.19	-322.27
EBITDA Margin	14.71%	12.46%	12.34%	3.28%	-1.72%
D&A For EBITDA	1,027	838.57	789.13	522.56	125.5
EBIT	3,754	3,463	2,475	166.63	-447.77
EBIT Margin	11.55%	10.03%	9.35%	0.79%	-2.39%
Effective Tax Rate	20.31%	17.61%	-	-	22.42%

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