IST:KARSN 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
Operating Revenue	16,599	14,224	10,717	5,264	2,069
Other Revenue	-	-	-	96.93	30.78
Revenue	16,599	14,224	10,717	5,361	2,100
Revenue Growth (YoY)	16.69%	32.73%	99.90%	155.27%	29.97%
Cost of Revenue	11,999	11,370	8,873	4,634	1,526
Gross Profit	4,600	2,854	1,844	727.26	574.14
Selling, General & Admin	2,434	1,992	1,663	842.74	243.93
Research & Development	205.12	25.07	20.33	15.85	5.8
Other Operating Expenses	-6.26	-90.69	-56.5	-95.03	-27.37
Operating Expenses	2,633	1,926	1,627	763.56	222.36
Operating Income	1,967	927.93	217.32	-36.3	351.78
Interest Expense	-1,408	-1,147	-974.27	-479.78	-161.38
Interest & Investment Income	100.68	315.36	71.07	138.17	10.77
Earnings From Equity Investments	6.76	3.06	-	-	-
Currency Exchange Gain (Loss)	-388	-506.88	-251.42	-218.51	-92.97
Other Non Operating Income (Expenses)	171.11	1,114	668.17	357.36	-40.96
EBT Excluding Unusual Items	448.99	706.2	-269.13	-239.05	67.23
Gain (Loss) on Sale of Investments	-48.32	-319.83	-117.45	-	-13.67
Pretax Income	400.67	386.38	-386.59	-239.05	53.57
Income Tax Expense	221.58	283.8	-918.59	-71.94	-54.71
Earnings From Continuing Operations	179.09	102.58	532	-167.11	108.28
Minority Interest in Earnings	-	-29.96	24.16	-38.65	-9.39
Net Income	179.09	72.62	556.16	-205.76	98.89
Net Income to Common	179.09	72.62	556.16	-205.76	98.89
Net Income Growth	146.61%	-86.94%	-	-	386.65%
Shares Outstanding (Basic)	900	900	900	900	900
Shares Outstanding (Diluted)	900	900	900	900	900
EPS (Basic)	0.20	0.08	0.62	-0.23	0.11
EPS (Diluted)	0.20	0.08	0.62	-0.23	0.11
EPS Growth	146.61%	-86.94%	-	-	386.67%
Free Cash Flow	1,442	407.85	3,007	-1,362	-29.86
Free Cash Flow Per Share	1.60	0.45	3.34	-1.51	-0.03
Gross Margin	27.71%	20.07%	17.21%	13.56%	27.34%
Operating Margin	11.85%	6.52%	2.03%	-0.68%	16.75%
Profit Margin	1.08%	0.51%	5.19%	-3.84%	4.71%
Free Cash Flow Margin	8.69%	2.87%	28.05%	-25.41%	-1.42%
EBITDA	2,175	1,121	411.83	71.56	382.4
EBITDA Margin	13.10%	7.88%	3.84%	1.33%	18.21%
D&A For EBITDA	208.04	192.82	194.51	107.85	30.62
EBIT	1,967	927.93	217.32	-36.3	351.78
EBIT Margin	11.85%	6.52%	2.03%	-0.68%	16.75%
Effective Tax Rate	55.30%	73.45%	-	-	-
Advertising Expenses	91.9	99.34	87.72	77.06	10.18

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