Ihlas Gazetecilik A.S. 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	1,899	1,784	1,734	888.31	197.67	140.34
Revenue Growth (YoY)	-13.59%	2.85%	95.25%	349.38%	40.85%	-5.61%
Cost of Revenue	1,516	1,469	1,643	925.31	174.3	127.84
Gross Profit	382.65	314.97	91.12	-37	23.38	12.5
Selling, General & Admin	364.48	405.77	330.25	207.65	48.21	32.23
Other Operating Expenses	-16.81	12.46	2.08	-52.99	-3.45	-3.17
Operating Expenses	347.68	418.23	332.34	154.66	44.75	29.06
Operating Income	34.97	-103.25	-241.22	-191.65	-21.38	-16.56
Interest Expense	-75.81	-72.77	-38.74	-16.88	-11.93	-8.78
Interest & Investment Income	654.54	615.64	157.26	924.23	164.86	11.51
Earnings From Equity Investments	-9.89	-11.09	-44.73	-20.17	1.72	3.17
Currency Exchange Gain (Loss)	-7.71	-0.64	3.03	-3.23	2.18	-0.33
Other Non Operating Income (Expenses)	-139.06	-162.14	-231.1	-609.02	-	-
EBT Excluding Unusual Items	457.04	265.75	-395.51	83.27	135.46	-10.99
Gain (Loss) on Sale of Investments	-133.58	-130.24	-620.35	-106.49	-0.74	-15.36
Legal Settlements	-	-	-	-	-0.1	-0.47
Pretax Income	323.46	135.51	-1,016	-23.22	134.62	-26.83
Income Tax Expense	44.77	21.16	42.28	128.97	17.39	-6.66
Net Income	278.69	114.35	-1,058	-152.19	117.22	-20.17
Net Income to Common	278.69	114.35	-1,058	-152.19	117.22	-20.17
Shares Outstanding (Basic)	800	800	800	800	800	145
Shares Outstanding (Diluted)	800	800	800	800	800	145
Shares Change (YoY)	-	-	-	-	449.91%	-19.18%
EPS (Basic)	0.35	0.14	-1.32	-0.19	0.15	-0.14
EPS (Diluted)	0.35	0.14	-1.32	-0.19	0.15	-0.14
Free Cash Flow	-49.48	-61.98	-161	-458.09	-456.63	-5.15
Free Cash Flow Per Share	-0.06	-0.08	-0.20	-0.57	-0.57	-0.04
Gross Margin	20.15%	17.66%	5.25%	-4.17%	11.83%	8.91%
Operating Margin	1.84%	-5.79%	-13.91%	-21.57%	-10.81%	-11.80%
Profit Margin	14.68%	6.41%	-61.01%	-17.13%	59.30%	-14.37%
Free Cash Flow Margin	-2.61%	-3.48%	-9.28%	-51.57%	-231.00%	-3.67%
EBITDA	81.19	-61.99	-205.39	-167.22	-18.58	-14.2
EBITDA Margin	4.28%	-3.48%	-11.84%	-18.82%	-9.40%	-10.12%
D&A For EBITDA	46.21	41.26	35.83	24.43	2.8	2.35
EBIT	34.97	-103.25	-241.22	-191.65	-21.38	-16.56
EBIT Margin	1.84%	-5.79%	-13.91%	-21.57%	-10.81%	-11.80%
Effective Tax Rate	13.84%	15.62%	-	-	12.92%	-
Advertising Expenses	-	74.32	66.4	42.1	7.14	-

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