IST:HOROZ Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,611	7,870	4,089	3,433
Revenue Growth (YoY)	9.41%	92.47%	19.10%	-
Cost of Revenue	7,568	7,205	3,824	3,302
Gross Profit	1,043	664.99	265.46	131.08
Selling, General & Admin	810.66	571.81	240.81	210.77
Other Operating Expenses	-65.73	107.85	12.46	46.26
Operating Expenses	744.93	679.65	253.27	257.04
Operating Income	298.41	-14.66	12.2	-125.96
Interest Expense	-507.06	-403.98	-257.83	-209.79
Interest & Investment Income	281.49	20.05	1.66	51.94
Earnings From Equity Investments	-	-	51.84	52.98
Currency Exchange Gain (Loss)	-8.21	-53.98	0.24	4.22
Other Non Operating Income (Expenses)	288.87	713.06	536.42	479.61
EBT Excluding Unusual Items	353.5	260.48	344.53	253
Gain (Loss) on Sale of Investments	-8.33	-0.3	-20.87	-
Legal Settlements	-2.25	-13.68	-5.66	-8.47
Pretax Income	342.92	246.51	318	244.53
Income Tax Expense	164.42	98.69	14.06	-33.7
Earnings From Continuing Operations	178.5	147.82	303.94	278.23
Earnings From Discontinued Operations	521.61	48.88	-	-
Net Income to Company	700.1	196.69	303.94	278.23
Minority Interest in Earnings	-	0.24	1.27	0.93
Net Income	700.1	196.94	305.21	279.17
Net Income to Common	700.1	196.94	305.21	279.17
Net Income Growth	255.49%	-35.47%	9.33%	-
Shares Outstanding (Basic)	90	72	100	100
Shares Outstanding (Diluted)	90	72	100	100
Shares Change (YoY)	24.83%	-27.51%	-	-
EPS (Basic)	7.74	2.72	3.05	2.79
EPS (Diluted)	7.74	2.72	3.05	2.79
EPS Growth	184.78%	-10.98%	9.33%	-
Free Cash Flow	657.57	595.12	426.66	344.39
Free Cash Flow Per Share	7.27	8.21	4.27	3.44
Gross Margin	12.12%	8.45%	6.49%	3.82%
Operating Margin	3.46%	-0.19%	0.30%	-3.67%
Profit Margin	8.13%	2.50%	7.46%	8.13%
Free Cash Flow Margin	7.64%	7.56%	10.43%	10.03%
EBITDA	1,221	142.56	113.23	-46.24
EBITDA Margin	14.18%	1.81%	2.77%	-1.35%
D&A For EBITDA	922.99	157.22	101.03	79.72
EBIT	298.41	-14.66	12.2	-125.96
EBIT Margin	3.46%	-0.19%	0.30%	-3.67%
Effective Tax Rate	47.95%	40.04%	4.42%	-
Advertising Expenses	16.54	-	-	-

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.