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	Jun '25 Jun 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	559.24	145.19	1,083	2,649	82.16	283.28
Revenue Growth (YoY)	-57.45%	-86.60%	-59.10%	3124.56%	-71.00%	-
Cost of Revenue	-	-	0	0.06	0	-
Gross Profit	559.24	145.19	1,083	2,649	82.16	283.28
Selling, General & Admin	56.62	61.53	42.79	15.84	2.53	0.87
Other Operating Expenses	-16.57	3.81	2.32	0.86	3.13	-0
Operating Expenses	40.05	65.34	45.12	16.7	5.66	0.87
Operating Income	519.19	79.85	1,038	2,633	76.5	282.41
Interest Expense	-4.08	-6.79	-1.09	-0.6	-0.07	-0.06
Interest & Investment Income	4.46	5.18	2.35	27.81	4.68	1.28
Currency Exchange Gain (Loss)	-23.29	0.14	2.45	1.23	-	-
Other Non Operating Income (Expenses)	-1,068	-1,457	-2,106	-760.06	-	-
EBT Excluding Unusual Items	-572.14	-1,379	-1,064	1,901	81.11	283.62
Gain (Loss) on Sale of Investments	-0.04	-0.03	-0.66	-	-	-
Pretax Income	-572.18	-1,379	-1,065	1,901	81.11	283.62
Income Tax Expense	-50.38	-101.34	92.63	417.25	9.21	56.79
Net Income	-521.81	-1,277	-1,157	1,484	71.9	226.83
Net Income to Common	-521.81	-1,277	-1,157	1,484	71.9	226.83
Net Income Growth	-	-	-	1963.59%	-68.30%	-
Shares Outstanding (Basic)	1,875	1,875	1,875	1,688	1,875	-
Shares Outstanding (Diluted)	1,875	1,875	1,875	1,688	1,875	-
Shares Change (YoY)	-	-	11.11%	-10.00%	-	-
EPS (Basic)	-0.28	-0.68	-0.62	0.88	0.04	-
EPS (Diluted)	-0.28	-0.68	-0.62	0.88	0.04	-
EPS Growth	-	-	-	2192.92%	-	-
Free Cash Flow	572.46	1,098	1,746	69.92	-317.12	0.25
Free Cash Flow Per Share	0.30	0.58	0.93	0.04	-0.17	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	92.84%	55.00%	95.84%	99.37%	93.11%	99.69%
Profit Margin	-93.31%	-879.75%	-106.81%	56.00%	87.51%	80.07%
Free Cash Flow Margin	102.36%	756.11%	161.15%	2.64%	-385.97%	0.09%
EBITDA	515.87	80.28	1,040	2,633	76.56	282.47
EBITDA Margin	92.25%	55.30%	95.96%	99.39%	93.19%	99.71%
D&A For EBITDA	-3.32	0.43	1.35	0.68	0.06	0.06
EBIT	519.19	79.85	1,038	2,633	76.5	282.41
EBIT Margin	92.84%	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.