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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,960	10,867	10,717	5,264	2,069	1,560
Other Revenue	-	-	-	96.93	30.78	55.59
Revenue	11,960	10,867	10,717	5,361	2,100	1,616
Revenue Growth (YoY)	7.63%	1.40%	99.90%	155.27%	29.97%	-14.14%
Cost of Revenue	9,033	8,687	8,873	4,634	1,526	1,142
Gross Profit	2,926	2,181	1,844	727.26	574.14	474.04
Selling, General & Admin	1,806	1,522	1,663	842.74	243.93	148.41
Research & Development	77.91	19.15	20.33	15.85	5.8	10.26
Other Operating Expenses	-395.18	-69.29	-56.5	-95.03	-27.37	8.14
Operating Expenses	1,489	1,472	1,627	763.56	222.36	166.81
Operating Income	1,438	708.93	217.32	-36.3	351.78	307.23
Interest Expense	-3,231	-833.62	-974.27	-479.78	-161.38	-112.67
Interest & Investment Income	246.2	240.93	71.07	138.17	10.77	4.7
Earnings From Equity Investments	1.97	-2.34	-	-	-	-
Currency Exchange Gain (Loss)	-452.13	-387.25	-251.42	-218.51	-92.97	-90.55
Other Non Operating Income (Expenses)	2,140	812.88	668.17	357.36	-40.96	-39.42
EBT Excluding Unusual Items	142.31	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	0.19	-	-	-	-	-
Pretax Income	219.95	295.19	-386.59	-239.05	53.57	56.58
Income Tax Expense	-95.41	216.82	-918.59	-71.94	-54.71	35.86
Earnings From Continuing Operations	315.36	78.37	532	-167.11	108.28	20.72
Minority Interest in Earnings	-0.14	-22.89	24.16	-38.65	-9.39	-0.4
Net Income	315.22	55.48	556.16	-205.76	98.89	20.32
Net Income to Common	315.22	55.48	556.16	-205.76	98.89	20.32
Net Income Growth	-	-90.02%	-	-	386.65%	12.74%
Shares Outstanding (Basic)	67,761	900	900	900	900	900
Shares Outstanding (Diluted)	67,761	900	900	900	900	900
Shares Change (YoY)	7428.97%	-	-	-	-	48.58%
EPS (Basic)	0.00	0.06	0.62	-0.23	0.11	0.02
EPS (Diluted)	0.00	0.06	0.62	-0.23	0.11	0.02
EPS Growth	-	-90.02%	-	-	386.67%	-24.12%
Free Cash Flow	1,782	311.59	3,007	-1,362	-29.86	403.84
Free Cash Flow Per Share	0.03	0.35	3.34	-1.51	-0.03	0.45
Gross Margin	24.47%	20.07%	17.21%	13.56%	27.34%	29.34%
Operating Margin	12.02%	6.52%	2.03%	-0.68%	16.75%	19.01%
Profit Margin	2.64%	0.51%	5.19%	-3.84%	4.71%	1.26%
Free Cash Flow Margin	14.90%	2.87%	28.05%	-25.41%	-1.42%	24.99%
EBITDA	1,999	856.24	411.83	71.56	382.4	329.14
EBITDA Margin	16.71%	7.88%	3.84%	1.33%	18.21%	20.37%
D&A For EBITDA	561.36	147.32	194.51	107.85	30.62	21.91
EBIT	1,438	708.93	217.32	-36.3	351.78	307.23
EBIT Margin	12.02%	6.52%	2.03%	-0.68%	16.75%	19.01%
Effective Tax Rate	-	73.45%	-	-	-	63.38%
Advertising Expenses	-	75.89	87.72	77.06	10.18	4.78

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