IST:GRSEL 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,708	8,329	6,499	3,006	633.49
Revenue Growth (YoY)	2.49%	28.16%	116.19%	374.57%	-
Cost of Revenue	6,167	5,871	4,876	2,477	533.21
Gross Profit	2,541	2,458	1,624	529.47	100.28
Selling, General & Admin	248.76	243.86	294.06	99.73	22.16
Other Operating Expenses	45.56	58.05	50.77	11.69	6.23
Operating Expenses	294.32	301.91	344.83	111.42	28.39
Operating Income	2,247	2,156	1,279	418.04	71.89
Interest Expense	-223.98	-375.77	-327.85	-109.01	-14.98
Interest & Investment Income	247.68	180.93	632.98	206.16	37.19
Currency Exchange Gain (Loss)	102.42	76.19	181	26.21	2.39
Other Non Operating Income (Expenses)	-314.96	-232.92	-175.3	21.03	-1.1
EBT Excluding Unusual Items	2,058	1,805	1,590	562.43	95.39
Gain (Loss) on Sale of Investments	0.19	-6.32	-2.58	-5.89	-4.01
Legal Settlements	-8.94	-8.94	-1.51	-12.79	-0.66
Pretax Income	2,049	1,790	1,586	543.76	90.72
Income Tax Expense	146.13	45.14	-20.6	233.53	14.12
Earnings From Continuing Operations	1,903	1,744	1,606	310.23	76.6
Minority Interest in Earnings	-117.64	-94.3	-41.67	-28.71	-8.5
Net Income	1,785	1,650	1,565	281.52	68.1
Net Income to Common	1,785	1,650	1,565	281.52	68.1
Net Income Growth	-16.43%	5.47%	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)	17.50	16.18	15.34	2.76	0.78
EPS (Diluted)	17.50	16.18	15.34	2.76	0.78
EPS Growth	-16.43%	5.47%	455.77%	252.58%	-
Free Cash Flow	774.3	1,183	-371.51	-27.84	-19.91
Free Cash Flow Per Share	7.59	11.60	-3.64	-0.27	-0.23
Dividend Per Share	-	-	0.392	-	-
Gross Margin	29.18%	29.51%	24.98%	17.61%	15.83%
Operating Margin	25.80%	25.89%	19.68%	13.91%	11.35%
Profit Margin	20.50%	19.81%	24.07%	9.36%	10.75%
Free Cash Flow Margin	8.89%	14.21%	-5.72%	-0.93%	-3.14%
EBITDA	3,022	2,705	1,377	420.56	91.87
EBITDA Margin	34.70%	32.47%	21.18%	13.99%	14.50%
D&A For EBITDA	775.26	548.39	97.79	2.52	19.97
EBIT	2,247	2,156	1,279	418.04	71.89
EBIT Margin	25.80%	25.89%	19.68%	13.91%	11.35%
Effective Tax Rate	7.13%	2.52%	-	42.95%	15.56%

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