IST:IZFAS 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	440.25	463.95	455.08	303.91	93.72
Revenue Growth (YoY)	-5.11%	1.95%	49.74%	224.27%	83.51%
Cost of Revenue	361.54	296.91	342.97	215.49	62.34
Gross Profit	78.71	167.04	112.11	88.42	31.38
Selling, General & Admin	77.23	71.24	58.55	31.41	8.39
Research & Development	-	-	-	-	0.13
Other Operating Expenses	15.92	5.93	14.71	9.27	-2.09
Operating Expenses	93.15	77.17	73.25	40.68	6.43
Operating Income	-14.44	89.86	38.85	47.74	24.95
Interest Expense	-17.68	-20.84	-16.66	-6.42	-4.06
Interest & Investment Income	2.63	0.88	3.64	1.39	0.18
Currency Exchange Gain (Loss)	-30.49	-1.9	2.53	-15.77	-13.69
Other Non Operating Income (Expenses)	29.8	-42.54	-58.36	-30.14	-0.28
EBT Excluding Unusual Items	-30.19	25.46	-30	-3.19	7.1
Gain (Loss) on Sale of Investments	-0.45	-	-	-	-0.29
Pretax Income	-30.65	25.46	-30	-3.19	6.81
Income Tax Expense	9.76	8.71	8.87	8.85	1.95
Earnings From Continuing Operations	-40.41	16.75	-38.87	-12.04	4.86
Minority Interest in Earnings	1.25	-0.98	1.06	1.07	-0.1
Net Income	-39.16	15.77	-37.81	-10.97	4.76
Net Income to Common	-39.16	15.77	-37.81	-10.97	4.76
Net Income Growth	-	-	-	-	97.56%
Shares Outstanding (Basic)	177	118	118	118	34
Shares Outstanding (Diluted)	177	118	118	118	34
Shares Change (YoY)	50.00%	-0.00%	-	250.00%	-
EPS (Basic)	-0.22	0.13	-0.32	-0.09	0.14
EPS (Diluted)	-0.22	0.13	-0.32	-0.09	0.14
EPS Growth	-	-	-	-	97.56%
Free Cash Flow	-206.15	-11.88	-29.16	-51.88	1.75
Free Cash Flow Per Share	-1.16	-0.10	-0.25	-0.44	0.05
Gross Margin	17.88%	36.00%	24.63%	29.09%	33.48%
Operating Margin	-3.28%	19.37%	8.54%	15.71%	26.62%
Profit Margin	-8.89%	3.40%	-8.31%	-3.61%	5.08%
Free Cash Flow Margin	-46.83%	-2.56%	-6.41%	-17.07%	1.87%
EBITDA	3.41	106.39	49.53	51.84	26.07
EBITDA Margin	0.77%	22.93%	10.88%	17.06%	27.82%
D&A For EBITDA	17.85	16.52	10.67	4.09	1.12
EBIT	-14.44	89.86	38.85	47.74	24.95
EBIT Margin	-3.28%	19.37%	8.54%	15.71%	26.62%
Effective Tax Rate	-	34.23%	-	-	28.59%
Advertising Expenses	0.65	4.81	2.53	0.68	0.32

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