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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,635	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	2,635	2,625	190.04	1,083	2,649	82.16
Selling, General & Admin	83.61	80.16	80.54	42.79	15.84	2.53
Other Operating Expenses	43.82	5.31	4.98	2.32	0.86	3.13
Operating Expenses	127.43	85.48	85.52	45.12	16.7	5.66
Operating Income	2,508	2,539	104.52	1,038	2,633	76.5
Interest Expense	-13.13	-14.3	-8.89	-1.09	-0.6	-0.07
Interest & Investment Income	1.39	1.39	6.78	2.35	27.81	4.68
Currency Exchange Gain (Loss)	-50.37	-50.37	0.18	2.45	1.23	-
Other Non Operating Income (Expenses)	-718.61	-1,007	-1,907	-2,106	-760.06	-
EBT Excluding Unusual Items	1,727	1,469	-1,805	-1,064	1,901	81.11
Gain (Loss) on Sale of Investments	-0.24	-0.23	-0.04	-0.66	-	-
Pretax Income	1,727	1,469	-1,805	-1,065	1,901	81.11
Income Tax Expense	-11.41	-85.34	-132.64	92.63	417.25	9.21
Net Income	1,738	1,554	-1,672	-1,157	1,484	71.9
Net Income to Common	1,738	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	393.84	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%	100.00%
Operating Margin	95.17%	96.74%	55.00%	95.84%	99.37%	93.11%
Profit Margin	65.96%	59.21%	-879.75%	-106.81%	56.00%	87.51%
Free Cash Flow Margin	14.94%	5.62%	805.96%	161.15%	2.64%	-385.97%
EBITDA	2,511	2,541	111.59	1,040	2,633	76.56
EBITDA Margin	95.28%	96.82%	58.72%	95.96%	99.39%	93.19%
D&A For EBITDA	3.1	1.94	7.08	1.35	0.68	0.06
EBIT	2,508	2,539	104.52	1,038	2,633	76.5
EBIT Margin	95.17%	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.