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	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	8,433	8,329	6,499	3,006	633.49
Revenue Growth (YoY)	9.41%	28.16%	116.19%	374.57%	-
Cost of Revenue	6,103	5,871	4,876	2,477	533.21
Gross Profit	2,331	2,458	1,624	529.47	100.28
Selling, General & Admin	250.03	243.86	294.06	99.73	22.16
Other Operating Expenses	58.93	58.05	50.77	11.69	6.23
Operating Expenses	308.96	301.91	344.83	111.42	28.39
Operating Income	2,022	2,156	1,279	418.04	71.89
Interest Expense	-284.67	-375.77	-327.85	-109.01	-14.98
Interest & Investment Income	255.15	180.93	632.98	206.16	37.19
Currency Exchange Gain (Loss)	69.37	76.19	181	26.21	2.39
Other Non Operating Income (Expenses)	-194.35	-232.92	-175.3	21.03	-1.1
EBT Excluding Unusual Items	1,867	1,805	1,590	562.43	95.39
Gain (Loss) on Sale of Investments	-1.23	-6.32	-2.58	-5.89	-4.01
Legal Settlements	-8.94	-8.94	-1.51	-12.79	-0.66
Pretax Income	1,857	1,790	1,586	543.76	90.72
Income Tax Expense	107.35	45.14	-20.6	233.53	14.12
Earnings From Continuing Operations	1,750	1,744	1,606	310.23	76.6
Minority Interest in Earnings	-110.39	-94.3	-41.67	-28.71	-8.5
Net Income	1,639	1,650	1,565	281.52	68.1
Net Income to Common	1,639	1,650	1,565	281.52	68.1
Net Income Growth	-19.32%	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)	16.07	16.18	15.34	2.76	0.78
EPS (Diluted)	16.07	16.18	15.34	2.76	0.78
EPS Growth	-19.32%	5.47%	455.77%	252.58%	-
Free Cash Flow	1,107	1,183	-371.51	-27.84	-19.91
Free Cash Flow Per Share	10.85	11.60	-3.64	-0.27	-0.23
Dividend Per Share	-	-	0.392	-	-
Gross Margin	27.64%	29.51%	24.98%	17.61%	15.83%
Operating Margin	23.97%	25.89%	19.68%	13.91%	11.35%
Profit Margin	19.44%	19.81%	24.07%	9.36%	10.75%
Free Cash Flow Margin	13.12%	14.21%	-5.72%	-0.93%	-3.14%
EBITDA	2,667	2,705	1,377	420.56	91.87
EBITDA Margin	31.63%	32.47%	21.18%	13.99%	14.50%
D&A For EBITDA	645.42	548.39	97.79	2.52	19.97
EBIT	2,022	2,156	1,279	418.04	71.89
EBIT Margin	23.97%	25.89%	19.68%	13.91%	11.35%
Effective Tax Rate	5.78%	2.52%	-	42.95%	15.56%

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