Hedef Holding A.S 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	1,170	145.19	1,083	2,649	82.16	283.28
Revenue Growth (YoY)	-	-86.60%	-59.10%	3124.56%	-71.00%	-
Cost of Revenue	-	-	0	0.06	0	-
Gross Profit	1,170	145.19	1,083	2,649	82.16	283.28
Selling, General & Admin	62.61	61.53	42.79	15.84	2.53	0.87
Other Operating Expenses	-37.35	3.81	2.32	0.86	3.13	-0
Operating Expenses	25.27	65.34	45.12	16.7	5.66	0.87
Operating Income	1,144	79.85	1,038	2,633	76.5	282.41
Interest Expense	-9.73	-6.79	-1.09	-0.6	-0.07	-0.06
Interest & Investment Income	4.44	5.18	2.35	27.81	4.68	1.28
Currency Exchange Gain (Loss)	-32.98	0.14	2.45	1.23	-	-
Other Non Operating Income (Expenses)	-404.42	-1,457	-2,106	-760.06	-	-
EBT Excluding Unusual Items	701.62	-1,379	-1,064	1,901	81.11	283.62
Gain (Loss) on Sale of Investments	-0.27	-0.03	-0.66	-	-	-
Pretax Income	701.35	-1,379	-1,065	1,901	81.11	283.62
Income Tax Expense	-47.61	-101.34	92.63	417.25	9.21	56.79
Net Income	748.95	-1,277	-1,157	1,484	71.9	226.83
Net Income to Common	748.95	-1,277	-1,157	1,484	71.9	226.83
Net Income Growth	-	-	-	1963.59%	-68.30%	-
Shares Outstanding (Basic)	1,912	1,875	1,875	1,688	1,875	-
Shares Outstanding (Diluted)	1,912	1,875	1,875	1,688	1,875	-
Shares Change (YoY)	1.98%	-	11.11%	-10.00%	-	-
EPS (Basic)	0.39	-0.68	-0.62	0.88	0.04	-
EPS (Diluted)	0.39	-0.68	-0.62	0.88	0.04	-
EPS Growth	-	-	-	2192.92%	-	-
Free Cash Flow	-217.75	1,098	1,746	69.92	-317.12	0.25
Free Cash Flow Per Share	-0.11	0.58	0.93	0.04	-0.17	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	97.84%	55.00%	95.84%	99.37%	93.11%	99.69%
Profit Margin	64.04%	-879.75%	-106.81%	56.00%	87.51%	80.07%
Free Cash Flow Margin	-18.62%	756.11%	161.15%	2.64%	-385.97%	0.09%
EBITDA	1,141	80.28	1,040	2,633	76.56	282.47
EBITDA Margin	97.55%	55.30%	95.96%	99.39%	93.19%	99.71%
D&A For EBITDA	-3.45	0.43	1.35	0.68	0.06	0.06
EBIT	1,144	79.85	1,038	2,633	76.5	282.41
EBIT Margin	97.84%	55.00%	95.84%	99.37%	93.11%	99.69%
Effective Tax Rate	-	-	-	21.95%	11.36%	20.02%
Advertising Expenses	-	0.52	0.51	1.1	0.41	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.