Imas Makina Sanayi 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	2,403	2,832	1,839	1,196	272.8
Revenue Growth (YoY)	-15.14%	54.00%	53.80%	338.36%	34.85%
Cost of Revenue	1,567	1,751	1,228	874.97	170.27
Gross Profit	836.38	1,082	611.15	320.86	102.52
Selling, General & Admin	535.77	507.05	294.47	194.47	63.22
Research & Development	111.73	109.13	99.01	16.19	18.01
Other Operating Expenses	-195	-31.38	-27.85	179.24	-4.34
Operating Expenses	452.49	584.81	365.63	389.9	76.89
Operating Income	383.89	496.9	245.52	-69.03	25.63
Interest Expense	-154.25	-133.3	-58.96	-29.44	-15.2
Interest & Investment Income	4.72	68.87	94.13	141.79	33.2
Currency Exchange Gain (Loss)	85.81	119.99	108.95	229.21	17.36
Other Non Operating Income (Expenses)	-400.52	-131.35	-302.55	35.89	-0.23
EBT Excluding Unusual Items	-80.36	421.11	87.09	308.41	60.76
Gain (Loss) on Sale of Investments	-477.39	-	21.05	-	-
Pretax Income	-557.74	421.11	108.14	308.41	60.76
Income Tax Expense	125.25	83.39	64.66	25.99	9.99
Earnings From Continuing Operations	-682.99	337.72	43.48	282.43	50.78
Minority Interest in Earnings	13.63	19.85	3.57	-	-
Net Income	-669.37	357.57	47.04	282.43	50.78
Net Income to Common	-669.37	357.57	47.04	282.43	50.78
Net Income Growth	-	660.12%	-83.34%	456.22%	25.73%
Shares Outstanding (Basic)	925	925	925	925	750
Shares Outstanding (Diluted)	925	925	925	925	750
Shares Change (YoY)	-	-	-	23.33%	-
EPS (Basic)	-0.72	0.39	0.05	0.31	0.07
EPS (Diluted)	-0.72	0.39	0.05	0.31	0.07
EPS Growth	-	660.12%	-83.34%	351.00%	25.73%
Free Cash Flow	-68.1	104.42	44.78	-105.25	35.9
Free Cash Flow Per Share	-0.07	0.11	0.05	-0.11	0.05
Gross Margin	34.80%	38.19%	33.23%	26.83%	37.58%
Operating Margin	15.97%	17.54%	13.35%	-5.77%	9.40%
Profit Margin	-27.85%	12.63%	2.56%	23.62%	18.61%
Free Cash Flow Margin	-2.83%	3.69%	2.44%	-8.80%	13.16%
EBITDA	457.21	549.54	281.16	-48.36	30.06
EBITDA Margin	19.02%	19.40%	15.29%	-4.04%	11.02%
D&A For EBITDA	73.32	52.65	35.64	20.67	4.42
EBIT	383.89	496.9	245.52	-69.03	25.63
EBIT Margin	15.97%	17.54%	13.35%	-5.77%	9.40%
Effective Tax Rate	-	19.80%	59.80%	8.43%	16.43%
Advertising Expenses	3.56	3.97	17.32	20.08	2.15

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