IST:GSRAY Income Statement

Financials in millions TRY. Fiscal year is June - May.

Millions TRY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	12,779	11,026	10,768	3,416	1,189	618.68
Revenue Growth (YoY)	19.33%	2.40%	215.19%	187.22%	92.26%	-31.24%
Cost of Revenue	14,174	12,606	10,369	4,689	1,207	897.67
Gross Profit	-1,395	-1,580	398.62	-1,273	-17.84	-279
Selling, General & Admin	1,389	1,179	936.05	420.23	89.83	61.08
Other Operating Expenses	-40.17	-128.34	-87.04	-12.37	-23.54	-7.52
Operating Expenses	1,349	1,051	849.02	407.85	66.29	53.56
Operating Income	-2,744	-2,631	-450.4	-1,681	-84.13	-332.56
Interest Expense	-2,309	-2,232	-2,033	-818.34	-523.17	-258.52
Interest & Investment Income	3,579	3,681	3,844	955.06	396.8	198.88
Currency Exchange Gain (Loss)	-1,157	-1,157	-1,514	-396.03	-82.13	-45.53
Other Non Operating Income (Expenses)	1,740	1,610	4,323	1,357	-	-
EBT Excluding Unusual Items	-890.11	-727.9	4,169	-582.69	-292.63	-437.72
Gain (Loss) on Sale of Investments	-23.21	-75.95	-274.71	-47.45	-0.89	-2.13
Legal Settlements	-13.91	-13.91	-60.44	-72.93	-76.8	-5.15
Other Unusual Items	-	-	-	-	-	3.49
Pretax Income	-927.23	-817.76	3,834	-703.06	-370.31	-434.86
Income Tax Expense	75.86	68.9	75.12	17.54	7.24	-0.26
Earnings From Continuing Operations	-1,003	-886.66	3,759	-720.6	-377.55	-434.59
Minority Interest in Earnings	-0.03	-0.04	-0.06	-0	0.06	0.05
Net Income	-1,003	-886.7	3,759	-720.6	-377.49	-434.55
Net Income to Common	-1,003	-886.7	3,759	-720.6	-377.49	-434.55
Shares Outstanding (Basic)	5,771	2,666	912	540	540	540
Shares Outstanding (Diluted)	5,771	2,666	912	540	540	540
Shares Change (YoY)	450.92%	192.39%	68.85%	-	-	-
EPS (Basic)	-0.17	-0.33	4.12	-1.33	-0.70	-0.80
EPS (Diluted)	-0.17	-0.33	4.12	-1.33	-0.70	-0.80
Free Cash Flow	-6,720	-1,471	1,877	3,051	33.59	-104.62
Free Cash Flow Per Share	-1.17	-0.55	2.06	5.65	0.06	-0.19
Gross Margin	-10.91%	-14.32%	3.70%	-37.26%	-1.50%	-45.09%
Operating Margin	-21.47%	-23.86%	-4.18%	-49.19%	-7.07%	-53.75%
Profit Margin	-7.85%	-8.04%	34.91%	-21.09%	-31.74%	-70.24%
Free Cash Flow Margin	-52.59%	-13.34%	17.44%	89.29%	2.82%	-16.91%
EBITDA	-322.13	-509.21	1,204	-990.75	37.03	-238.89
EBITDA Margin	-2.52%	-4.62%	11.18%	-29.00%	3.11%	-38.61%
D&A For EBITDA	2,422	2,121	1,654	689.88	121.16	93.66
EBIT	-2,744	-2,631	-450.4	-1,681	-84.13	-332.56
EBIT Margin	-21.47%	-23.86%	-4.18%	-49.19%	-7.07%	-53.75%
Effective Tax Rate	-	-	1.96%	-	-	-

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