IST:KUVVA 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	532.56	193.65	105.86	51.88	3.6	0.17
Revenue Growth (YoY)	182.96%	82.93%	104.05%	1340.35%	1962.20%	-96.65%
Cost of Revenue	459.8	150.7	43.72	23.17	2.87	0.12
Gross Profit	72.76	42.95	62.14	28.71	0.73	0.06
Selling, General & Admin	42.82	50.99	40.49	18.37	1.52	0.77
Other Operating Expenses	2.34	-4.74	-4.63	-1.72	-0.32	-2.73
Operating Expenses	45.15	46.25	35.86	16.65	1.2	-1.96
Operating Income	27.61	-3.3	26.27	12.05	-0.47	2.02
Interest Expense	-59.63	-37.75	-29.26	-12.23	-	-
Interest & Investment Income	3.51	2.43	0.72	1.51	1.52	1.19
Earnings From Equity Investments	60.99	60.99	-	-	0.13	0.02
Currency Exchange Gain (Loss)	18.36	18.54	160.33	3.81	0.01	0
Other Non Operating Income (Expenses)	138.97	-	0	-	-0.03	-0.62
EBT Excluding Unusual Items	189.81	40.92	158.06	5.14	1.17	2.62
Pretax Income	195.32	40.92	158.06	5.14	1.17	2.62
Income Tax Expense	0.63	18.69	18.27	1.7	0.56	0.58
Net Income	194.69	22.23	139.79	3.44	0.61	2.04
Net Income to Common	194.69	22.23	139.79	3.44	0.61	2.04
Net Income Growth	220.85%	-84.10%	3958.55%	467.64%	-70.30%	-
Shares Outstanding (Basic)	31	31	31	25	13	12
Shares Outstanding (Diluted)	31	31	31	25	13	12
Shares Change (YoY)	0.01%	-	23.58%	87.03%	8.08%	7.50%
EPS (Basic)	6.27	0.72	4.50	0.14	0.05	0.16
EPS (Diluted)	6.27	0.72	4.50	0.14	0.05	0.16
EPS Growth	220.83%	-84.10%	3184.70%	203.45%	-72.52%	-
Free Cash Flow	525.93	735.38	-370.57	-123.52	8.77	-0.59
Free Cash Flow Per Share	16.94	23.69	-11.94	-4.92	0.65	-0.05
Gross Margin	13.66%	22.18%	58.70%	55.34%	20.39%	33.01%
Operating Margin	5.18%	-1.70%	24.82%	23.24%	-12.93%	1154.73%
Profit Margin	36.56%	11.48%	132.05%	6.64%	16.85%	1169.55%
Free Cash Flow Margin	98.76%	379.75%	-350.06%	-238.10%	243.53%	-339.47%
EBITDA	581.23	417.8	45.23	16.36	-0.42	2.06
EBITDA Margin	109.14%	215.75%	42.72%	31.54%	-11.59%	1177.32%
D&A For EBITDA	553.62	421.1	18.95	4.31	0.05	0.04
EBIT	27.61	-3.3	26.27	12.05	-0.47	2.02
EBIT Margin	5.18%	-1.70%	24.82%	23.24%	-12.93%	1154.73%
Effective Tax Rate	0.32%	45.67%	11.56%	33.00%	48.10%	22.04%

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