Karsan Otomotiv Sanayii ve Ticaret A.S. (IST:KARSN)

IST:KARSN Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,287	10,867	10,717	5,264	2,069	1,560
Other Revenue	-	-	-	96.93	30.78	55.59
Revenue	10,287	10,867	10,717	5,361	2,100	1,616
Revenue Growth (YoY)	-11.86%	1.40%	99.90%	155.27%	29.97%	-14.14%
Cost of Revenue	7,987	8,687	8,873	4,634	1,526	1,142
Gross Profit	2,299	2,181	1,844	727.26	574.14	474.04
Selling, General & Admin	1,602	1,522	1,663	842.74	243.93	148.41
Research & Development	29.48	19.15	20.33	15.85	5.8	10.26
Other Operating Expenses	124.03	-69.29	-56.5	-95.03	-27.37	8.14
Operating Expenses	1,755	1,472	1,627	763.56	222.36	166.81
Operating Income	544.06	708.93	217.32	-36.3	351.78	307.23
Interest Expense	-853.38	-833.62	-974.27	-479.78	-161.38	-112.67
Interest & Investment Income	229.08	240.93	71.07	138.17	10.77	4.7
Earnings From Equity Investments	0.73	-2.34	-	-	-	-
Currency Exchange Gain (Loss)	-652.69	-387.25	-251.42	-218.51	-92.97	-90.55
Other Non Operating Income (Expenses)	829.32	812.88	668.17	357.36	-40.96	-39.42
EBT Excluding Unusual Items	97.11	539.53	-269.13	-239.05	67.23	69.29
Gain (Loss) on Sale of Investments	77.44	-244.34	-117.45	-	-13.67	-
Asset Writedown	-	-	-	-	-	-12.7
Legal Settlements	-7.22	-	-	-	-	-
Pretax Income	167.33	295.19	-386.59	-239.05	53.57	56.58
Income Tax Expense	17.09	216.82	-918.59	-71.94	-54.71	35.86
Earnings From Continuing Operations	150.25	78.37	532	-167.11	108.28	20.72
Minority Interest in Earnings	-16.61	-22.89	24.16	-38.65	-9.39	-0.4
Net Income	133.64	55.48	556.16	-205.76	98.89	20.32
Net Income to Common	133.64	55.48	556.16	-205.76	98.89	20.32
Net Income Growth	-69.42%	-90.02%	-	-	386.65%	12.74%
Shares Outstanding (Basic)	900	900	900	900	900	900
Shares Outstanding (Diluted)	900	900	900	900	900	900
Shares Change (YoY)	-	-	-	-	-	48.58%
EPS (Basic)	0.15	0.06	0.62	-0.23	0.11	0.02
EPS (Diluted)	0.15	0.06	0.62	-0.23	0.11	0.02
EPS Growth	-69.42%	-90.02%	-	-	386.67%	-24.12%
Free Cash Flow	641.4	311.59	3,007	-1,362	-29.86	403.84
Free Cash Flow Per Share	0.71	0.35	3.34	-1.51	-0.03	0.45
Gross Margin	22.35%	20.07%	17.21%	13.56%	27.34%	29.34%
Operating Margin	5.29%	6.52%	2.03%	-0.68%	16.75%	19.01%
Profit Margin	1.30%	0.51%	5.19%	-3.84%	4.71%	1.26%
Free Cash Flow Margin	6.24%	2.87%	28.05%	-25.41%	-1.42%	24.99%
EBITDA	686.16	856.24	411.83	71.56	382.4	329.14
EBITDA Margin	6.67%	7.88%	3.84%	1.33%	18.21%	20.37%
D&A For EBITDA	142.1	147.32	194.51	107.85	30.62	21.91
EBIT	544.06	708.93	217.32	-36.3	351.78	307.23
EBIT Margin	5.29%	6.52%	2.03%	-0.68%	16.75%	19.01%
Effective Tax Rate	10.21%	73.45%	-	-	-	63.38%
Advertising Expenses	-	75.89	87.72	77.06	10.18	4.78

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