IST:HOROZ 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
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
Revenue	8,902	8,611	7,870	4,089	3,433
Revenue Growth (YoY)	-14.21%	9.41%	92.47%	19.10%	-
Cost of Revenue	8,221	7,568	7,205	3,824	3,302
Gross Profit	681.18	1,043	664.99	265.46	131.08
Selling, General & Admin	900.58	810.66	571.81	240.81	210.77
Other Operating Expenses	-170.12	-65.73	107.85	12.46	46.26
Operating Expenses	730.46	744.93	679.65	253.27	257.04
Operating Income	-49.28	298.41	-14.66	12.2	-125.96
Interest Expense	-320.89	-507.06	-403.98	-257.83	-209.79
Interest & Investment Income	287.72	281.49	20.05	1.66	51.94
Earnings From Equity Investments	-	-	-	51.84	52.98
Currency Exchange Gain (Loss)	1.33	-8.21	-53.98	0.24	4.22
Other Non Operating Income (Expenses)	-48.32	288.87	713.06	536.42	479.61
EBT Excluding Unusual Items	-129.44	353.5	260.48	344.53	253
Gain (Loss) on Sale of Investments	-4.82	-8.33	-0.3	-20.87	-
Legal Settlements	2.37	-2.25	-13.68	-5.66	-8.47
Pretax Income	-131.88	342.92	246.51	318	244.53
Income Tax Expense	-13.39	164.42	98.69	14.06	-33.7
Earnings From Continuing Operations	-118.49	178.5	147.82	303.94	278.23
Earnings From Discontinued Operations	-132.64	521.61	48.88	-	-
Net Income to Company	-251.13	700.1	196.69	303.94	278.23
Minority Interest in Earnings	4.83	-	0.24	1.27	0.93
Net Income	-246.29	700.1	196.94	305.21	279.17
Net Income to Common	-246.29	700.1	196.94	305.21	279.17
Net Income Growth	-	255.49%	-35.47%	9.33%	-
Shares Outstanding (Basic)	90	90	72	100	100
Shares Outstanding (Diluted)	90	90	72	100	100
Shares Change (YoY)	5.23%	24.83%	-27.51%	-	-
EPS (Basic)	-2.72	7.74	2.72	3.05	2.79
EPS (Diluted)	-2.72	7.74	2.72	3.05	2.79
EPS Growth	-	184.78%	-10.98%	9.33%	-
Free Cash Flow	326.04	657.57	595.12	426.66	344.39
Free Cash Flow Per Share	3.60	7.27	8.21	4.27	3.44
Gross Margin	7.65%	12.12%	8.45%	6.49%	3.82%
Operating Margin	-0.55%	3.46%	-0.19%	0.30%	-3.67%
Profit Margin	-2.77%	8.13%	2.50%	7.46%	8.13%
Free Cash Flow Margin	3.66%	7.64%	7.56%	10.43%	10.03%
EBITDA	781.28	1,221	142.56	113.23	-46.24
EBITDA Margin	8.78%	14.18%	1.81%	2.77%	-1.35%
D&A For EBITDA	830.56	922.99	157.22	101.03	79.72
EBIT	-49.28	298.41	-14.66	12.2	-125.96
EBIT Margin	-0.55%	3.46%	-0.19%	0.30%	-3.67%
Effective Tax Rate	-	47.95%	40.04%	4.42%	-
Advertising Expenses	-	16.54	-	-	-

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