IST:IHEVA Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,728	3,770	3,037	2,192	535.8
Revenue Growth (YoY)	-1.10%	24.12%	38.53%	309.17%	44.17%
Cost of Revenue	3,199	3,257	2,636	2,096	451.23
Gross Profit	529.33	512.7	400.98	96.62	84.57
Selling, General & Admin	301.74	232.96	199.37	91.63	31.51
Research & Development	17.82	55.77	29.62	15.73	1.61
Other Operating Expenses	14.92	-26.37	-24.56	-82.93	5.21
Operating Expenses	334.48	262.35	204.43	24.43	38.33
Operating Income	194.85	250.35	196.55	72.19	46.24
Interest Expense	-47.94	-18.09	-61.32	-8.71	-2.09
Interest & Investment Income	21.99	224.78	47.06	127.77	49.44
Earnings From Equity Investments	25.29	-23.85	-65.26	-43.82	4.21
Currency Exchange Gain (Loss)	14.37	9.3	39.38	5.94	-0.96
Other Non Operating Income (Expenses)	-140.01	-206.29	-361.56	-271.96	0
EBT Excluding Unusual Items	68.55	236.18	-205.15	-118.6	96.83
Gain (Loss) on Sale of Investments	-82.26	-120.15	-20.89	-9.25	-6.75
Other Unusual Items	-	-	-	-	9.68
Pretax Income	-13.71	116.03	-226.04	-127.85	99.76
Income Tax Expense	-43.26	39.1	77.13	71.73	8.71
Earnings From Continuing Operations	29.56	76.94	-303.18	-199.59	91.04
Minority Interest in Earnings	-2.98	-2.03	-	-	-
Net Income	26.57	74.91	-303.18	-199.59	91.04
Net Income to Common	26.57	74.91	-303.18	-199.59	91.04
Net Income Growth	-64.53%	-	-	-	143.78%
Shares Outstanding (Basic)	351	351	351	351	351
Shares Outstanding (Diluted)	351	351	351	351	351
EPS (Basic)	0.08	0.21	-0.86	-0.57	0.26
EPS (Diluted)	0.08	0.21	-0.86	-0.57	0.26
EPS Growth	-64.53%	-	-	-	143.78%
Free Cash Flow	-65.81	82.86	93.31	-68.81	-24.69
Free Cash Flow Per Share	-0.19	0.24	0.27	-0.20	-0.07
Gross Margin	14.20%	13.60%	13.20%	4.41%	15.78%
Operating Margin	5.23%	6.64%	6.47%	3.29%	8.63%
Profit Margin	0.71%	1.99%	-9.98%	-9.10%	16.99%
Free Cash Flow Margin	-1.76%	2.20%	3.07%	-3.14%	-4.61%
EBITDA	227.2	281.13	217.91	85.59	49
EBITDA Margin	6.09%	7.46%	7.17%	3.90%	9.14%
D&A For EBITDA	32.36	30.78	21.36	13.4	2.76
EBIT	194.85	250.35	196.55	72.19	46.24
EBIT Margin	5.23%	6.64%	6.47%	3.29%	8.63%
Effective Tax Rate	-	33.70%	-	-	8.74%
Advertising Expenses	36.87	27.63	19	12.09	0.03

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.