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	1,135	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	1,135	145.19	1,083	2,649	82.16	283.28
Selling, General & Admin	67.09	61.53	42.79	15.84	2.53	0.87
Other Operating Expenses	-1.85	3.81	2.32	0.86	3.13	-0
Operating Expenses	65.24	65.34	45.12	16.7	5.66	0.87
Operating Income	1,070	79.85	1,038	2,633	76.5	282.41
Interest Expense	-9.18	-6.79	-1.09	-0.6	-0.07	-0.06
Interest & Investment Income	3.81	5.18	2.35	27.81	4.68	1.28
Currency Exchange Gain (Loss)	-0.29	0.14	2.45	1.23	-	-
Other Non Operating Income (Expenses)	-493.21	-1,457	-2,106	-760.06	-	-
EBT Excluding Unusual Items	571.06	-1,379	-1,064	1,901	81.11	283.62
Gain (Loss) on Sale of Investments	-0.27	-0.03	-0.66	-	-	-
Pretax Income	570.79	-1,379	-1,065	1,901	81.11	283.62
Income Tax Expense	-11.54	-101.34	92.63	417.25	9.21	56.79
Net Income	582.33	-1,277	-1,157	1,484	71.9	226.83
Net Income to Common	582.33	-1,277	-1,157	1,484	71.9	226.83
Net Income Growth	-	-	-	1963.59%	-68.30%	-
Shares Outstanding (Basic)	1,909	1,875	1,875	1,688	1,875	-
Shares Outstanding (Diluted)	1,909	1,875	1,875	1,688	1,875	-
Shares Change (YoY)	1.80%	-	11.11%	-10.00%	-	-
EPS (Basic)	0.31	-0.68	-0.62	0.88	0.04	-
EPS (Diluted)	0.30	-0.68	-0.62	0.88	0.04	-
EPS Growth	-	-	-	2192.92%	-	-
Free Cash Flow	-26.4	1,098	1,746	69.92	-317.12	0.25
Free Cash Flow Per Share	-0.01	0.58	0.93	0.04	-0.17	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	94.25%	55.00%	95.84%	99.37%	93.11%	99.69%
Profit Margin	51.30%	-879.75%	-106.81%	56.00%	87.51%	80.07%
Free Cash Flow Margin	-2.33%	756.11%	161.15%	2.64%	-385.97%	0.09%
EBITDA	1,075	80.28	1,040	2,633	76.56	282.47
EBITDA Margin	94.67%	55.30%	95.96%	99.39%	93.19%	99.71%
D&A For EBITDA	4.72	0.43	1.35	0.68	0.06	0.06
EBIT	1,070	79.85	1,038	2,633	76.5	282.41
EBIT Margin	94.25%	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.