Hedef Holding A.S Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,625	190.04	1,083	2,649	82.16
Revenue Growth (YoY)	1281.11%	-82.46%	-59.10%	3124.56%	-71.00%
Cost of Revenue	-	-	0	0.06	0
Gross Profit	2,625	190.04	1,083	2,649	82.16
Selling, General & Admin	80.16	80.54	42.79	15.84	2.53
Other Operating Expenses	5.31	4.98	2.32	0.86	3.13
Operating Expenses	85.48	85.52	45.12	16.7	5.66
Operating Income	2,539	104.52	1,038	2,633	76.5
Interest Expense	-14.3	-8.89	-1.09	-0.6	-0.07
Interest & Investment Income	1.39	6.78	2.35	27.81	4.68
Currency Exchange Gain (Loss)	-50.37	0.18	2.45	1.23	-
Other Non Operating Income (Expenses)	-1,007	-1,907	-2,106	-760.06	-
EBT Excluding Unusual Items	1,469	-1,805	-1,064	1,901	81.11
Gain (Loss) on Sale of Investments	-0.23	-0.04	-0.66	-	-
Pretax Income	1,469	-1,805	-1,065	1,901	81.11
Income Tax Expense	-85.34	-132.64	92.63	417.25	9.21
Net Income	1,554	-1,672	-1,157	1,484	71.9
Net Income to Common	1,554	-1,672	-1,157	1,484	71.9
Net Income Growth	-	-	-	1963.59%	-68.30%
Shares Outstanding (Basic)	1,949	1,875	1,875	1,688	1,875
Shares Outstanding (Diluted)	1,949	1,875	1,875	1,688	1,875
Shares Change (YoY)	3.97%	-	11.11%	-10.00%	-
EPS (Basic)	0.80	-0.89	-0.62	0.88	0.04
EPS (Diluted)	0.80	-0.89	-0.62	0.88	0.04
EPS Growth	-	-	-	2192.92%	-
Free Cash Flow	147.5	1,532	1,746	69.92	-317.12
Free Cash Flow Per Share	0.08	0.82	0.93	0.04	-0.17
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	96.74%	55.00%	95.84%	99.37%	93.11%
Profit Margin	59.21%	-879.75%	-106.81%	56.00%	87.51%
Free Cash Flow Margin	5.62%	805.96%	161.15%	2.64%	-385.97%
EBITDA	2,541	111.59	1,040	2,633	76.56
EBITDA Margin	96.82%	58.72%	95.96%	99.39%	93.19%
D&A For EBITDA	1.94	7.08	1.35	0.68	0.06
EBIT	2,539	104.52	1,038	2,633	76.5
EBIT Margin	96.74%	55.00%	95.84%	99.37%	93.11%
Effective Tax Rate	-	-	-	21.95%	11.36%
Advertising Expenses	1.9	0.68	0.51	1.1	0.41

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