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	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
Revenue	8,520	8,611	7,870	4,089	3,433
Revenue Growth (YoY)	-11.38%	9.41%	92.47%	19.10%	-
Cost of Revenue	7,796	7,568	7,205	3,824	3,302
Gross Profit	724.07	1,043	664.99	265.46	131.08
Selling, General & Admin	907.55	810.66	571.81	240.81	210.77
Other Operating Expenses	-133.78	-65.73	107.85	12.46	46.26
Operating Expenses	773.77	744.93	679.65	253.27	257.04
Operating Income	-49.7	298.41	-14.66	12.2	-125.96
Interest Expense	-353.63	-507.06	-403.98	-257.83	-209.79
Interest & Investment Income	363.62	281.49	20.05	1.66	51.94
Earnings From Equity Investments	-	-	-	51.84	52.98
Currency Exchange Gain (Loss)	-18.47	-8.21	-53.98	0.24	4.22
Other Non Operating Income (Expenses)	-83.54	288.87	713.06	536.42	479.61
EBT Excluding Unusual Items	-141.73	353.5	260.48	344.53	253
Gain (Loss) on Sale of Investments	-9.98	-8.33	-0.3	-20.87	-
Legal Settlements	-5.64	-2.25	-13.68	-5.66	-8.47
Pretax Income	-157.34	342.92	246.51	318	244.53
Income Tax Expense	-15.13	164.42	98.69	14.06	-33.7
Earnings From Continuing Operations	-142.21	178.5	147.82	303.94	278.23
Earnings From Discontinued Operations	502.5	521.61	48.88	-	-
Net Income to Company	360.29	700.1	196.69	303.94	278.23
Minority Interest in Earnings	-	-	0.24	1.27	0.93
Net Income	360.29	700.1	196.94	305.21	279.17
Net Income to Common	360.29	700.1	196.94	305.21	279.17
Net Income Growth	-4.79%	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)	11.04%	24.83%	-27.51%	-	-
EPS (Basic)	3.98	7.74	2.72	3.05	2.79
EPS (Diluted)	3.98	7.74	2.72	3.05	2.79
EPS Growth	-14.26%	184.78%	-10.98%	9.33%	-
Free Cash Flow	-162.49	657.57	595.12	426.66	344.39
Free Cash Flow Per Share	-1.80	7.27	8.21	4.27	3.44
Gross Margin	8.50%	12.12%	8.45%	6.49%	3.82%
Operating Margin	-0.58%	3.46%	-0.19%	0.30%	-3.67%
Profit Margin	4.23%	8.13%	2.50%	7.46%	8.13%
Free Cash Flow Margin	-1.91%	7.64%	7.56%	10.43%	10.03%
EBITDA	649.43	1,221	142.56	113.23	-46.24
EBITDA Margin	7.62%	14.18%	1.81%	2.77%	-1.35%
D&A For EBITDA	699.13	922.99	157.22	101.03	79.72
EBIT	-49.7	298.41	-14.66	12.2	-125.96
EBIT Margin	-0.58%	3.46%	-0.19%	0.30%	-3.67%
Effective Tax Rate	-	47.95%	40.04%	4.42%	-
Advertising Expenses	-	16.54	-	-	-

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