Ihlas Gazetecilik A.S. 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	2,486	1,784	1,734	888.31	197.67
Revenue Growth (YoY)	39.37%	2.85%	95.25%	349.38%	40.85%
Cost of Revenue	2,047	1,469	1,643	925.31	174.3
Gross Profit	439.53	314.97	91.12	-37	23.38
Selling, General & Admin	508.9	405.77	330.25	207.65	48.21
Other Operating Expenses	1	12.46	2.08	-52.99	-3.45
Operating Expenses	509.89	418.23	332.34	154.66	44.75
Operating Income	-70.36	-103.25	-241.22	-191.65	-21.38
Interest Expense	-164.03	-72.77	-38.74	-16.88	-11.93
Interest & Investment Income	458.57	615.64	157.26	924.23	164.86
Earnings From Equity Investments	-14.08	-11.09	-44.73	-20.17	1.72
Currency Exchange Gain (Loss)	-	-0.64	3.03	-3.23	2.18
Other Non Operating Income (Expenses)	187.6	-162.14	-231.1	-609.02	-
EBT Excluding Unusual Items	397.7	265.75	-395.51	83.27	135.46
Gain (Loss) on Sale of Investments	-219.5	-130.24	-620.35	-106.49	-0.74
Legal Settlements	-	-	-	-	-0.1
Pretax Income	178.2	135.51	-1,016	-23.22	134.62
Income Tax Expense	-53.11	21.16	42.28	128.97	17.39
Net Income	231.31	114.35	-1,058	-152.19	117.22
Net Income to Common	231.31	114.35	-1,058	-152.19	117.22
Net Income Growth	102.28%	-	-	-	-
Shares Outstanding (Basic)	-	800	800	800	800
Shares Outstanding (Diluted)	-	800	800	800	800
Shares Change (YoY)	-	-	-	-	449.91%
EPS (Basic)	-	0.14	-1.32	-0.19	0.15
EPS (Diluted)	-	0.14	-1.32	-0.19	0.15
Free Cash Flow	-46.61	-61.98	-161	-458.09	-456.63
Free Cash Flow Per Share	-	-0.08	-0.20	-0.57	-0.57
Gross Margin	17.68%	17.66%	5.25%	-4.17%	11.83%
Operating Margin	-2.83%	-5.79%	-13.91%	-21.57%	-10.81%
Profit Margin	9.30%	6.41%	-61.01%	-17.13%	59.30%
Free Cash Flow Margin	-1.88%	-3.48%	-9.28%	-51.57%	-231.00%
EBITDA	8.58	-61.99	-205.39	-167.22	-18.58
EBITDA Margin	0.34%	-3.48%	-11.84%	-18.82%	-9.40%
D&A For EBITDA	78.94	41.26	35.83	24.43	2.8
EBIT	-70.36	-103.25	-241.22	-191.65	-21.38
EBIT Margin	-2.83%	-5.79%	-13.91%	-21.57%	-10.81%
Effective Tax Rate	-	15.62%	-	-	12.92%
Advertising Expenses	-	74.32	66.4	42.1	7.14

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