IST:KERVN Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2.24	3.2	1.17	0.01	73.99	53.08
Revenue Growth (YoY)	-6.26%	173.36%	16343.70%	-99.99%	39.39%	-66.20%
Cost of Revenue	2.09	2.93	1.47	0.01	7.2	7.41
Gross Profit	0.16	0.27	-0.3	0	66.79	45.67
Selling, General & Admin	102.14	62.25	37.69	18.97	8.09	17.15
Other Operating Expenses	195.75	337.55	77.91	207.44	14.89	7.4
Operating Expenses	297.89	399.8	115.6	226.41	22.97	24.55
Operating Income	-297.73	-399.54	-115.9	-226.41	43.82	21.12
Interest Expense	-34.81	-150.21	-176.78	-185.19	-19.22	-198.38
Interest & Investment Income	2,217	2,200	3,177	1,229	648.75	10.32
Currency Exchange Gain (Loss)	-1,201	-721.25	-2,605	-709.69	-724.41	-271.87
Other Non Operating Income (Expenses)	-454.55	-196.03	-193.49	-230.65	-	-1.93
EBT Excluding Unusual Items	228.52	733.29	85	-123.16	-51.07	-440.74
Gain (Loss) on Sale of Investments	-190.87	-104.19	-69.69	-24.02	-7.11	-
Pretax Income	37.65	629.1	15.31	-147.18	-58.18	-440.74
Income Tax Expense	603.35	380.79	573.85	41.4	-	-28.32
Earnings From Continuing Operations	-565.7	248.31	-558.54	-188.59	-58.18	-412.42
Net Income to Company	-565.7	248.31	-558.54	-188.59	-58.18	-412.42
Minority Interest in Earnings	3.82	128.27	22.28	57.03	17.98	8.95
Net Income	-561.88	376.57	-536.27	-131.56	-40.2	-403.47
Net Income to Common	-561.88	376.57	-536.27	-131.56	-40.2	-403.47
Shares Outstanding (Basic)	589	589	589	589	589	589
Shares Outstanding (Diluted)	589	589	589	589	589	589
EPS (Basic)	-0.95	0.64	-0.91	-0.22	-0.07	-0.69
EPS (Diluted)	-0.95	0.64	-0.91	-0.22	-0.07	-0.69
Free Cash Flow	434.52	1,329	217.44	281.44	61.5	-0.96
Free Cash Flow Per Share	0.74	2.26	0.37	0.48	0.10	-0.00
Gross Margin	7.08%	8.33%	-25.60%	4.78%	90.27%	86.03%
Operating Margin	-13268.35%	-12502.80%	-9914.89%	-3184788.86%	59.22%	39.78%
Profit Margin	-25040.37%	11784.28%	-45874.78%	-1850595.88%	-54.33%	-760.10%
Free Cash Flow Margin	19364.80%	41598.14%	18600.81%	3958897.58%	83.12%	-1.81%
EBITDA	-284.42	-343.38	-63.73	-192.57	46.7	24.33
EBITDA Margin	-	-	-	-	63.12%	45.84%
D&A For EBITDA	13.31	56.15	52.17	33.83	2.89	3.22
EBIT	-297.73	-399.54	-115.9	-226.41	43.82	21.12
EBIT Margin	-	-	-	-	59.22%	39.78%
Effective Tax Rate	1602.43%	60.53%	3748.04%	-	-	-
Advertising Expenses	-	-	-	-	-	0

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