IST:IHEVA 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	2,795	2,880	3,037	2,192	535.8	371.65
Revenue Growth (YoY)	-22.98%	-5.17%	38.53%	309.17%	44.17%	63.59%
Cost of Revenue	2,403	2,488	2,636	2,096	451.23	284.85
Gross Profit	391.99	392.27	400.98	96.62	84.57	86.8
Selling, General & Admin	220.73	178.55	199.37	91.63	31.51	21.45
Research & Development	36.35	42.61	29.62	15.73	1.61	1.19
Other Operating Expenses	-20.74	-40.08	-24.56	-82.93	5.21	-2.42
Operating Expenses	236.34	181.08	204.43	24.43	38.33	20.22
Operating Income	155.66	211.19	196.55	72.19	46.24	66.58
Interest Expense	-46.65	-33.75	-61.32	-8.71	-2.09	-21.34
Interest & Investment Income	168.85	171.73	47.06	127.77	49.44	4.4
Earnings From Equity Investments	0.11	-18.22	-65.26	-43.82	4.21	0.14
Currency Exchange Gain (Loss)	13.22	7.1	39.38	5.94	-0.96	-17.17
Other Non Operating Income (Expenses)	-105.01	-157.6	-361.56	-271.96	0	-
EBT Excluding Unusual Items	186.17	180.44	-205.15	-118.6	96.83	32.61
Gain (Loss) on Sale of Investments	-66.71	-91.79	-20.89	-9.25	-6.75	-0.03
Other Unusual Items	-	-	-	-	9.68	7.69
Pretax Income	119.46	88.65	-226.04	-127.85	99.76	40.26
Income Tax Expense	66.05	29.87	77.13	71.73	8.71	2.92
Earnings From Continuing Operations	53.41	58.78	-303.18	-199.59	91.04	37.35
Minority Interest in Earnings	-1.17	-1.55	-	-	-	-
Net Income	52.24	57.23	-303.18	-199.59	91.04	37.35
Net Income to Common	52.24	57.23	-303.18	-199.59	91.04	37.35
Net Income Growth	-	-	-	-	143.78%	-12.86%
Shares Outstanding (Basic)	351	351	351	351	351	351
Shares Outstanding (Diluted)	351	351	351	351	351	351
Shares Change (YoY)	-	-	-	-	-	43.99%
EPS (Basic)	0.15	0.16	-0.86	-0.57	0.26	0.11
EPS (Diluted)	0.15	0.16	-0.86	-0.57	0.26	0.11
EPS Growth	-	-	-	-	143.78%	-39.49%
Free Cash Flow	-150.18	39.81	93.31	-68.81	-24.69	78.24
Free Cash Flow Per Share	-0.43	0.11	0.27	-0.20	-0.07	0.22
Dividend Per Share	-	-	-	-	-	0.010
Gross Margin	14.02%	13.62%	13.20%	4.41%	15.78%	23.36%
Operating Margin	5.57%	7.33%	6.47%	3.29%	8.63%	17.91%
Profit Margin	1.87%	1.99%	-9.98%	-9.10%	16.99%	10.05%
Free Cash Flow Margin	-5.37%	1.38%	3.07%	-3.14%	-4.61%	21.05%
EBITDA	172.33	234.71	217.91	85.59	49	68.17
EBITDA Margin	6.17%	8.15%	7.17%	3.90%	9.14%	18.34%
D&A For EBITDA	16.67	23.52	21.36	13.4	2.76	1.6
EBIT	155.66	211.19	196.55	72.19	46.24	66.58
EBIT Margin	5.57%	7.33%	6.47%	3.29%	8.63%	17.91%
Effective Tax Rate	55.29%	33.70%	-	-	8.74%	7.25%
Advertising Expenses	-	21.11	19	12.09	0.03	-

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