IST:GRSEL 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	11,555	10,902	6,499	3,006	633.49
Revenue Growth (YoY)	5.99%	67.75%	116.19%	374.57%	-
Cost of Revenue	7,789	7,685	4,876	2,477	533.21
Gross Profit	3,766	3,218	1,624	529.47	100.28
Selling, General & Admin	373.2	319.19	294.06	99.73	22.16
Other Operating Expenses	-58.63	75.99	50.77	11.69	6.23
Operating Expenses	314.58	395.18	344.83	111.42	28.39
Operating Income	3,452	2,823	1,279	418.04	71.89
Interest Expense	-221.37	-491.86	-327.85	-109.01	-14.98
Interest & Investment Income	653.72	236.82	632.98	206.16	37.19
Currency Exchange Gain (Loss)	62.02	99.73	181	26.21	2.39
Other Non Operating Income (Expenses)	-388.45	-304.87	-175.3	21.03	-1.1
EBT Excluding Unusual Items	3,558	2,362	1,590	562.43	95.39
Gain (Loss) on Sale of Investments	13.97	-8.27	-2.58	-5.89	-4.01
Legal Settlements	-13.35	-11.71	-1.51	-12.79	-0.66
Pretax Income	3,558	2,342	1,586	543.76	90.72
Income Tax Expense	531.21	59.09	-20.6	233.53	14.12
Earnings From Continuing Operations	3,027	2,283	1,606	310.23	76.6
Minority Interest in Earnings	-137.92	-123.44	-41.67	-28.71	-8.5
Net Income	2,889	2,160	1,565	281.52	68.1
Net Income to Common	2,889	2,160	1,565	281.52	68.1
Net Income Growth	33.76%	38.05%	455.77%	313.37%	-
Shares Outstanding (Basic)	102	102	102	102	87
Shares Outstanding (Diluted)	102	102	102	102	87
Shares Change (YoY)	-	-	-	17.24%	-
EPS (Basic)	28.32	21.18	15.34	2.76	0.78
EPS (Diluted)	28.32	21.18	15.34	2.76	0.78
EPS Growth	33.76%	38.05%	455.77%	252.58%	-
Free Cash Flow	1,097	1,549	-371.51	-27.84	-19.91
Free Cash Flow Per Share	10.76	15.18	-3.64	-0.27	-0.23
Dividend Per Share	-	0.784	0.392	-	-
Dividend Growth	-	100.00%	-	-	-
Gross Margin	32.59%	29.51%	24.98%	17.61%	15.83%
Operating Margin	29.87%	25.89%	19.68%	13.91%	11.35%
Profit Margin	25.00%	19.81%	24.07%	9.36%	10.75%
Free Cash Flow Margin	9.50%	14.21%	-5.72%	-0.93%	-3.14%
EBITDA	3,784	3,540	1,377	420.56	91.87
EBITDA Margin	32.75%	32.47%	21.18%	13.99%	14.50%
D&A For EBITDA	332	717.8	97.79	2.52	19.97
EBIT	3,452	2,823	1,279	418.04	71.89
EBIT Margin	29.87%	25.89%	19.68%	13.91%	11.35%
Effective Tax Rate	14.93%	2.52%	-	42.95%	15.56%

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