IST:KOTON 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	32,873	32,836	24,824	16,017	14,384
Revenue Growth (YoY)	0.11%	32.27%	54.98%	11.36%	268.57%
Cost of Revenue	15,218	15,325	12,025	7,679	8,224
Gross Profit	17,655	17,511	12,799	8,338	6,160
Selling, General & Admin	14,938	14,499	10,052	6,481	5,819
Research & Development	377.86	469.07	293.72	201.75	137.27
Other Operating Expenses	-196.19	-24.4	2.14	190.01	-43.02
Operating Expenses	15,120	14,944	10,348	6,873	5,913
Operating Income	2,535	2,567	2,451	1,466	247.19
Interest Expense	-4,265	-4,090	-2,300	-1,460	-1,747
Interest & Investment Income	304.01	323.98	330.27	109	101.04
Currency Exchange Gain (Loss)	522.51	-110.49	436.26	338.92	619.31
Other Non Operating Income (Expenses)	-136.03	610.62	2,347	1,774	1,475
EBT Excluding Unusual Items	-1,040	-698.58	3,264	2,227	695.58
Gain (Loss) on Sale of Investments	-9.05	-12.15	-14.8	-27.46	-40.56
Legal Settlements	-6.96	-10.06	-15.66	-27.05	-24.8
Pretax Income	-1,056	-720.79	3,234	2,173	630.22
Income Tax Expense	-97	-203.9	628.45	424.96	-177.78
Earnings From Continuing Operations	-958.67	-516.89	2,605	1,748	808
Minority Interest in Earnings	-5	-2.32	-	-	-
Net Income	-963.67	-519.22	2,605	1,748	808
Net Income to Common	-963.67	-519.22	2,605	1,748	808
Net Income Growth	-	-	49.06%	116.32%	-
Shares Outstanding (Basic)	830	817	796	796	796
Shares Outstanding (Diluted)	830	817	796	796	796
Shares Change (YoY)	1.49%	2.76%	-	-	508.03%
EPS (Basic)	-1.16	-0.64	3.28	2.20	1.02
EPS (Diluted)	-1.16	-0.64	3.28	2.20	1.02
EPS Growth	-	-	49.06%	116.32%	-
Free Cash Flow	3,682	-638.85	1,765	2,667	2,732
Free Cash Flow Per Share	4.44	-0.78	2.22	3.35	3.44
Gross Margin	53.71%	53.33%	51.56%	52.06%	42.83%
Operating Margin	7.71%	7.82%	9.87%	9.15%	1.72%
Profit Margin	-2.93%	-1.58%	10.50%	10.91%	5.62%
Free Cash Flow Margin	11.20%	-1.95%	7.11%	16.65%	19.00%
EBITDA	3,507	3,555	3,119	3,302	456.05
EBITDA Margin	10.67%	10.83%	12.57%	20.61%	3.17%
D&A For EBITDA	972.32	987.42	668.13	1,836	208.86
EBIT	2,535	2,567	2,451	1,466	247.19
EBIT Margin	7.71%	7.82%	9.87%	9.15%	1.72%
Effective Tax Rate	-	-	19.43%	19.56%	-
Advertising Expenses	169.95	160.07	285.13	119.13	159.67

Source: S&P Global Market Intelligence. Standard template. Financial Sources.