Ihlas Yayin Holding 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	3,373	3,249	2,559	1,375	332.87
Revenue Growth (YoY)	3.81%	26.95%	86.18%	312.94%	31.85%
Cost of Revenue	2,974	2,863	2,361	1,356	290.33
Gross Profit	398.58	385.51	198.72	19.05	42.54
Selling, General & Admin	842.75	843.86	516.87	309.63	79.88
Other Operating Expenses	66.67	-52.21	-8.11	-68.94	-1.29
Operating Expenses	909.41	791.65	508.76	240.69	78.59
Operating Income	-510.84	-406.14	-310.04	-221.64	-36.05
Interest Expense	-107.83	-74.72	-76.78	-18.81	-17.17
Interest & Investment Income	465.74	682.27	238.17	932.76	178.76
Earnings From Equity Investments	-	2.07	35.13	5.35	0.57
Currency Exchange Gain (Loss)	-5.32	-4.42	17.79	-3.02	4.68
Other Non Operating Income (Expenses)	54.6	-264.56	-503.66	-749.67	-
EBT Excluding Unusual Items	-103.65	-65.49	-599.39	-55.02	130.79
Gain (Loss) on Sale of Investments	-177.61	-226.08	-609.96	-143.87	-0.74
Pretax Income	-281.26	-291.58	-1,209	-198.89	130.06
Income Tax Expense	-80.36	-27.15	60.66	150.57	19.91
Earnings From Continuing Operations	-200.9	-264.42	-1,270	-349.46	110.15
Minority Interest in Earnings	-139.01	-33	743.7	190.63	-78.28
Net Income	-339.91	-297.43	-526.31	-158.83	31.87
Net Income to Common	-339.91	-297.43	-526.31	-158.83	31.87
Net Income Growth	-	-	-	-	394.27%
Shares Outstanding (Basic)	450	450	450	450	450
Shares Outstanding (Diluted)	450	450	450	450	450
Shares Change (YoY)	-	-	-	-	67.18%
EPS (Basic)	-0.76	-0.66	-1.17	-0.35	0.07
EPS (Diluted)	-0.76	-0.66	-1.17	-0.35	0.07
EPS Growth	-	-	-	-	195.67%
Free Cash Flow	137.19	-128.54	-561.36	-513.96	-411.86
Free Cash Flow Per Share	0.30	-0.29	-1.25	-1.14	-0.92
Gross Margin	11.82%	11.87%	7.76%	1.39%	12.78%
Operating Margin	-15.15%	-12.50%	-12.12%	-16.12%	-10.83%
Profit Margin	-10.08%	-9.16%	-20.57%	-11.55%	9.57%
Free Cash Flow Margin	4.07%	-3.96%	-21.93%	-37.39%	-123.73%
EBITDA	-380.77	-285.07	-230.03	-171.58	-29.23
EBITDA Margin	-11.29%	-8.77%	-8.99%	-12.48%	-8.78%
D&A For EBITDA	130.07	121.08	80.01	50.05	6.81
EBIT	-510.84	-406.14	-310.04	-221.64	-36.05
EBIT Margin	-15.15%	-12.50%	-12.12%	-16.12%	-10.83%
Effective Tax Rate	-	-	-	-	15.31%
Advertising Expenses	27.21	32.71	28.89	20.85	2.96

Source: S&P Global Market Intelligence. Standard template. Financial Sources.