IST:IZFAS 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	329.77	354.45	455.08	303.91	93.72	51.07
Revenue Growth (YoY)	-37.19%	-22.11%	49.74%	224.27%	83.51%	36.09%
Cost of Revenue	253.71	226.84	342.97	215.49	62.34	39.69
Gross Profit	76.06	127.61	112.11	88.42	31.38	11.38
Selling, General & Admin	53.03	54.27	58.55	31.41	8.39	5.88
Research & Development	-	-	-	-	0.13	-
Other Operating Expenses	5.2	4.69	14.71	9.27	-2.09	0.29
Operating Expenses	58.23	58.96	73.25	40.68	6.43	6.16
Operating Income	17.83	68.65	38.85	47.74	24.95	5.22
Interest Expense	-25.5	-15.92	-16.66	-6.42	-4.06	-1.44
Interest & Investment Income	2.72	0.67	3.64	1.39	0.18	0.23
Currency Exchange Gain (Loss)	-2.63	-1.45	2.53	-15.77	-13.69	-3.14
Other Non Operating Income (Expenses)	-28.57	-32.5	-58.36	-30.14	-0.28	-0.18
EBT Excluding Unusual Items	-36.14	19.45	-30	-3.19	7.1	0.69
Gain (Loss) on Sale of Investments	-0.45	-	-	-	-0.29	2.13
Pretax Income	-36.6	19.45	-30	-3.19	6.81	2.81
Income Tax Expense	13.21	6.66	8.87	8.85	1.95	0.72
Earnings From Continuing Operations	-49.81	12.79	-38.87	-12.04	4.86	2.09
Minority Interest in Earnings	-0.32	-0.75	1.06	1.07	-0.1	0.32
Net Income	-50.13	12.05	-37.81	-10.97	4.76	2.41
Net Income to Common	-50.13	12.05	-37.81	-10.97	4.76	2.41
Net Income Growth	-	-	-	-	97.56%	345.04%
Shares Outstanding (Basic)	120	118	118	118	34	34
Shares Outstanding (Diluted)	120	118	118	118	34	34
Shares Change (YoY)	2.63%	-	-	250.00%	-	-
EPS (Basic)	-0.42	0.10	-0.32	-0.09	0.14	0.07
EPS (Diluted)	-0.42	0.10	-0.32	-0.09	0.14	0.07
EPS Growth	-	-	-	-	97.56%	345.03%
Free Cash Flow	-213.04	8.59	-29.16	-51.88	1.75	-8.64
Free Cash Flow Per Share	-1.78	0.07	-0.25	-0.44	0.05	-0.26
Gross Margin	23.06%	36.00%	24.63%	29.09%	33.48%	22.29%
Operating Margin	5.41%	19.37%	8.54%	15.71%	26.62%	10.22%
Profit Margin	-15.20%	3.40%	-8.31%	-3.61%	5.08%	4.72%
Free Cash Flow Margin	-64.60%	2.42%	-6.41%	-17.07%	1.87%	-16.91%
EBITDA	30.78	81.28	49.53	51.84	26.07	5.85
EBITDA Margin	9.33%	22.93%	10.88%	17.06%	27.82%	11.46%
D&A For EBITDA	12.95	12.62	10.67	4.09	1.12	0.64
EBIT	17.83	68.65	38.85	47.74	24.95	5.22
EBIT Margin	5.41%	19.37%	8.54%	15.71%	26.62%	10.22%
Effective Tax Rate	-	34.23%	-	-	28.59%	25.58%
Advertising Expenses	-	3.67	2.53	0.68	0.32	0.07

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