IST:KERVN 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	0.54	4.18	1.17	0.01	73.99
Revenue Growth (YoY)	-87.15%	257.81%	16343.70%	-99.99%	39.39%
Cost of Revenue	0.71	3.83	1.47	0.01	7.2
Gross Profit	-0.18	0.35	-0.3	0	66.79
Selling, General & Admin	116.2	81.48	37.69	18.97	8.09
Other Operating Expenses	-245.84	441.83	77.91	207.44	14.89
Operating Expenses	-129.64	523.31	115.6	226.41	22.97
Operating Income	129.46	-522.96	-115.9	-226.41	43.82
Interest Expense	-48.14	-196.62	-176.78	-185.19	-19.22
Interest & Investment Income	364.53	2,880	3,177	1,229	648.75
Currency Exchange Gain (Loss)	-2,375	-944.06	-2,605	-709.69	-724.41
Other Non Operating Income (Expenses)	1,977	-256.59	-193.49	-230.65	-
EBT Excluding Unusual Items	47.83	959.82	85	-123.16	-51.07
Gain (Loss) on Sale of Investments	-245	-136.37	-69.69	-24.02	-7.11
Pretax Income	-197.17	823.44	15.31	-147.18	-58.18
Income Tax Expense	-152.03	498.43	573.85	41.4	-
Earnings From Continuing Operations	-45.14	325.01	-558.54	-188.59	-58.18
Net Income to Company	-45.14	325.01	-558.54	-188.59	-58.18
Minority Interest in Earnings	-1.37	167.89	22.28	57.03	17.98
Net Income	-46.51	492.91	-536.27	-131.56	-40.2
Net Income to Common	-46.51	492.91	-536.27	-131.56	-40.2
Shares Outstanding (Basic)	589	589	589	589	589
Shares Outstanding (Diluted)	589	589	589	589	589
EPS (Basic)	-0.08	0.84	-0.91	-0.22	-0.07
EPS (Diluted)	-0.08	0.84	-0.91	-0.22	-0.07
Free Cash Flow	765.29	1,740	217.44	281.44	61.5
Free Cash Flow Per Share	1.30	2.96	0.37	0.48	0.10
Gross Margin	-32.57%	8.33%	-25.60%	4.78%	90.27%
Operating Margin	24078.17%	-12502.81%	-9914.89%	-3184788.86%	59.22%
Profit Margin	-8650.73%	11784.28%	-45874.78%	-1850595.88%	-54.33%
Free Cash Flow Margin	142335.56%	41598.15%	18600.81%	3958897.58%	83.12%
EBITDA	161.46	-449.46	-63.73	-192.57	46.7
EBITDA Margin	30030.48%	-	-	-	63.12%
D&A For EBITDA	32	73.5	52.17	33.83	2.89
EBIT	129.46	-522.96	-115.9	-226.41	43.82
EBIT Margin	24078.17%	-	-	-	59.22%
Effective Tax Rate	-	60.53%	3748.04%	-	-

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