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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	31,345	34,515	26,461	21,023	18,717
Revenue Growth (YoY)	49.10%	30.44%	25.87%	12.32%	-
Cost of Revenue	28,518	30,527	23,684	20,598	18,704
Gross Profit	2,828	3,987	2,778	425.07	13.2
Selling, General & Admin	609.14	464.77	259.67	250.66	192.8
Other Operating Expenses	147.94	59.93	42.78	7.78	268.16
Operating Expenses	757.08	524.7	302.45	258.43	460.97
Operating Income	2,070	3,463	2,475	166.63	-447.77
Interest Expense	-239.47	-292.15	-236.95	-39.35	-19.98
Interest & Investment Income	454.76	378.06	443.12	68.99	97.03
Earnings From Equity Investments	-	-	-271.52	230.01	-21.62
Currency Exchange Gain (Loss)	467.37	235.17	728.76	814.87	1,706
Other Non Operating Income (Expenses)	1,548	562.56	-1,792	-1,850	-417.73
EBT Excluding Unusual Items	4,301	4,346	1,347	-608.8	895.99
Gain (Loss) on Sale of Investments	-17.22	-14.96	-44.8	-5.63	-7.18
Pretax Income	4,284	4,331	1,302	-614.43	888.81
Income Tax Expense	1,351	762.75	-356.79	-798.05	199.24
Earnings From Continuing Operations	2,933	3,569	1,659	183.62	689.57
Earnings From Discontinued Operations	-	-	-18.75	-8.66	-26.24
Net Income to Company	2,933	3,569	1,640	174.96	663.33
Minority Interest in Earnings	8.67	0.41	-	-	-
Net Income	2,942	3,569	1,640	174.96	663.33
Net Income to Common	2,942	3,569	1,640	174.96	663.33
Net Income Growth	1581.51%	117.62%	837.39%	-73.62%	-
Shares Outstanding (Basic)	323	190	80	80	80
Shares Outstanding (Diluted)	323	190	80	80	80
Shares Change (YoY)	303.25%	137.50%	-	-	-
EPS (Basic)	9.12	18.78	20.50	2.19	8.29
EPS (Diluted)	9.12	18.78	20.50	2.19	8.29
EPS Growth	316.99%	-8.37%	837.39%	-73.62%	-
Free Cash Flow	-1,566	1,627	3,890	1,545	4,334
Free Cash Flow Per Share	-4.85	8.56	48.62	19.31	54.18
Gross Margin	9.02%	11.55%	10.50%	2.02%	0.07%
Operating Margin	6.60%	10.03%	9.35%	0.79%	-2.39%
Profit Margin	9.39%	10.34%	6.20%	0.83%	3.54%
Free Cash Flow Margin	-5.00%	4.71%	14.70%	7.35%	23.16%
EBITDA	2,800	4,301	3,264	689.19	-322.27
EBITDA Margin	8.93%	12.46%	12.34%	3.28%	-1.72%
D&A For EBITDA	729.14	838.57	789.13	522.56	125.5
EBIT	2,070	3,463	2,475	166.63	-447.77
EBIT Margin	6.60%	10.03%	9.35%	0.79%	-2.39%
Effective Tax Rate	31.53%	17.61%	-	-	22.42%

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