IST:KAREL 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	18,002	18,097	13,656	6,384	1,637
Revenue Growth (YoY)	-0.53%	32.53%	113.89%	290.04%	60.68%
Cost of Revenue	16,038	17,281	11,748	6,041	1,252
Gross Profit	1,964	816.72	1,907	343.26	385.09
Selling, General & Admin	1,598	1,708	822.41	357.99	70.52
Research & Development	364.93	175.12	222.53	159.06	27.1
Other Operating Expenses	-203.77	-116.38	-28.8	25.29	-9.28
Operating Expenses	1,759	1,767	1,016	542.34	88.33
Operating Income	204.76	-950.22	891.2	-199.08	296.76
Interest Expense	-1,616	-1,545	-1,170	-608.05	-34.83
Interest & Investment Income	167.34	224.1	59.99	71.3	17.59
Currency Exchange Gain (Loss)	-1,044	-659.09	-809.38	-352.84	-238.21
Other Non Operating Income (Expenses)	917.38	909.47	1,771	941.64	29.23
EBT Excluding Unusual Items	-1,370	-2,021	742.83	-147.04	70.54
Gain (Loss) on Sale of Investments	-5.83	-28.55	-0.54	-0.23	-0.21
Gain (Loss) on Sale of Assets	-	-	-	-	-2.07
Pretax Income	-1,376	-2,050	742.29	-147.27	68.26
Income Tax Expense	51.78	-100.55	321.54	22.9	1.82
Earnings From Continuing Operations	-1,427	-1,949	420.75	-170.16	66.44
Net Income to Company	-1,427	-1,949	420.75	-170.16	66.44
Minority Interest in Earnings	-84.62	-48.14	-81.54	-21.64	-
Net Income	-1,512	-1,997	339.21	-191.8	66.44
Net Income to Common	-1,512	-1,997	339.21	-191.8	66.44
Net Income Growth	-	-	-	-	-45.38%
Shares Outstanding (Basic)	806	806	346	200	200
Shares Outstanding (Diluted)	806	806	346	200	200
Shares Change (YoY)	-	132.76%	73.11%	-	-
EPS (Basic)	-1.88	-2.48	0.98	-0.96	0.33
EPS (Diluted)	-1.88	-2.48	0.98	-0.96	0.33
EPS Growth	-	-	-	-	-45.38%
Free Cash Flow	3,603	908.59	4,027	-53.27	-312.95
Free Cash Flow Per Share	4.47	1.13	11.63	-0.27	-1.56
Gross Margin	10.91%	4.51%	13.97%	5.38%	23.53%
Operating Margin	1.14%	-5.25%	6.53%	-3.12%	18.13%
Profit Margin	-8.40%	-11.04%	2.48%	-3.00%	4.06%
Free Cash Flow Margin	20.01%	5.02%	29.49%	-0.83%	-19.12%
EBITDA	732.28	-524.84	1,204	-20.07	316.3
EBITDA Margin	4.07%	-2.90%	8.82%	-0.31%	19.32%
D&A For EBITDA	527.52	425.38	312.57	179.01	19.54
EBIT	204.76	-950.22	891.2	-199.08	296.76
EBIT Margin	1.14%	-5.25%	6.53%	-3.12%	18.13%
Effective Tax Rate	-	-	43.32%	-	2.67%

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