IST:GLRYH 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	34,047	55,698	28,865	30,487	6,955
Revenue Growth (YoY)	-38.87%	92.96%	-5.32%	338.37%	99.34%
Cost of Revenue	23,862	49,952	25,502	28,272	6,342
Gross Profit	10,185	5,746	3,363	2,215	612.24
Selling, General & Admin	1,309	1,119	826.65	424.29	140.37
Research & Development	37.07	29.05	21.51	14.23	16.6
Other Operating Expenses	-96.78	-274.1	-290.09	-170.03	-45.57
Operating Expenses	1,250	873.57	558.06	268.5	111.4
Operating Income	8,936	4,872	2,805	1,947	500.84
Interest Expense	-2,093	-2,126	-812.37	-457	-52.24
Interest & Investment Income	341.19	523.6	317.21	123.3	18.48
Earnings From Equity Investments	-3.36	-4.32	-	-	-
Currency Exchange Gain (Loss)	45.33	167.72	269.19	260.83	-35.41
Other Non Operating Income (Expenses)	-992.81	-2,331	-2,167	-1,322	0.54
EBT Excluding Unusual Items	6,234	1,102	412.46	552.35	432.22
Gain (Loss) on Sale of Investments	4.52	28.4	-	-	10.21
Pretax Income	6,238	1,130	412.46	552.35	442.43
Income Tax Expense	2,361	568.14	241.22	336.63	51.09
Earnings From Continuing Operations	3,877	562.17	171.23	215.72	391.35
Minority Interest in Earnings	-2,681	-260.17	26.79	181.98	-249.28
Net Income	1,195	301.99	198.02	397.71	142.07
Net Income to Common	1,195	301.99	198.02	397.71	142.07
Net Income Growth	295.83%	52.50%	-50.21%	179.94%	150.10%
Shares Outstanding (Basic)	600	360	360	360	360
Shares Outstanding (Diluted)	600	360	360	360	360
Shares Change (YoY)	66.67%	-	-	-	300.00%
EPS (Basic)	1.99	0.84	0.55	1.10	0.39
EPS (Diluted)	1.99	0.84	0.55	1.10	0.39
EPS Growth	137.50%	52.50%	-50.21%	179.94%	-37.48%
Free Cash Flow	2,824	-546.85	826.24	237.74	-56.44
Free Cash Flow Per Share	4.71	-1.52	2.29	0.66	-0.16
Gross Margin	29.92%	10.32%	11.65%	7.27%	8.80%
Operating Margin	26.25%	8.75%	9.72%	6.39%	7.20%
Profit Margin	3.51%	0.54%	0.69%	1.31%	2.04%
Free Cash Flow Margin	8.30%	-0.98%	2.86%	0.78%	-0.81%
EBITDA	9,268	5,611	2,950	2,004	505.91
EBITDA Margin	27.22%	10.08%	10.22%	6.57%	7.27%
D&A For EBITDA	332.13	739.08	144.5	57.05	5.07
EBIT	8,936	4,872	2,805	1,947	500.84
EBIT Margin	26.25%	8.75%	9.72%	6.39%	7.20%
Effective Tax Rate	37.86%	50.26%	58.48%	60.95%	11.55%
Advertising Expenses	32.47	27.97	14.08	18.9	3.33

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