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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,139	8,329	6,499	3,006	633.49
Revenue Growth (YoY)	-21.85%	28.16%	116.19%	374.57%	-
Cost of Revenue	5,701	5,871	4,876	2,477	533.21
Gross Profit	2,438	2,458	1,624	529.47	100.28
Selling, General & Admin	248.85	243.86	294.06	99.73	22.16
Other Operating Expenses	57.7	58.05	50.77	11.69	6.23
Operating Expenses	306.55	301.91	344.83	111.42	28.39
Operating Income	2,132	2,156	1,279	418.04	71.89
Interest Expense	-271.66	-375.77	-327.85	-109.01	-14.98
Interest & Investment Income	328.23	180.93	632.98	206.16	37.19
Currency Exchange Gain (Loss)	82.1	76.19	181	26.21	2.39
Other Non Operating Income (Expenses)	176.37	-232.92	-175.3	21.03	-1.1
EBT Excluding Unusual Items	2,447	1,805	1,590	562.43	95.39
Gain (Loss) on Sale of Investments	19.71	-6.32	-2.58	-5.89	-4.01
Legal Settlements	-8.94	-8.94	-1.51	-12.79	-0.66
Pretax Income	2,457	1,790	1,586	543.76	90.72
Income Tax Expense	364.82	45.14	-20.6	233.53	14.12
Earnings From Continuing Operations	2,093	1,744	1,606	310.23	76.6
Minority Interest in Earnings	-116.87	-94.3	-41.67	-28.71	-8.5
Net Income	1,976	1,650	1,565	281.52	68.1
Net Income to Common	1,976	1,650	1,565	281.52	68.1
Net Income Growth	-12.17%	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)	19.37	16.18	15.34	2.76	0.78
EPS (Diluted)	19.37	16.18	15.34	2.76	0.78
EPS Growth	-12.17%	5.47%	455.77%	252.58%	-
Free Cash Flow	788	1,183	-371.51	-27.84	-19.91
Free Cash Flow Per Share	7.72	11.60	-3.64	-0.27	-0.23
Dividend Per Share	0.784	0.784	0.392	-	-
Dividend Growth	100.00%	100.00%	-	-	-
Gross Margin	29.95%	29.51%	24.98%	17.61%	15.83%
Operating Margin	26.19%	25.89%	19.68%	13.91%	11.35%
Profit Margin	24.27%	19.81%	24.07%	9.36%	10.75%
Free Cash Flow Margin	9.68%	14.21%	-5.72%	-0.93%	-3.14%
EBITDA	2,920	2,705	1,377	420.56	91.87
EBITDA Margin	35.87%	32.47%	21.18%	13.99%	14.50%
D&A For EBITDA	788.07	548.39	97.79	2.52	19.97
EBIT	2,132	2,156	1,279	418.04	71.89
EBIT Margin	26.19%	25.89%	19.68%	13.91%	11.35%
Effective Tax Rate	14.85%	2.52%	-	42.95%	15.56%

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