IST: MAKIM Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	829.46	791.19	552.66	144.83	82.3	67.64
Revenue Growth (YoY)	-25.47%	43.16%	281.59%	75.99%	21.66%	-
Cost of Revenue	561.99	470.07	369.26	87.29	49.66	39.99
Gross Profit	267.47	321.12	183.4	57.54	32.64	27.65
Selling, General & Admin	93.83	60.83	43.67	10.58	7.55	8.02
Research & Development	0.58	7.84	6.37	1.04	1.08	1.15
Other Operating Expenses	-22.48	-3.06	-2.09	-0.7	0.14	-0.15
Operating Expenses	71.93	65.61	47.95	10.92	8.77	9.02
Operating Income	195.54	255.51	135.44	46.62	23.87	18.63
Interest Expense	-41	-23.1	-1.89	-0.79	-0.4	-0.08
Interest & Investment Income	25.46	6.77	0.81	1.32	1.1	1.19
Currency Exchange Gain (Loss)	10.58	38.58	8.99	10.8	3.04	0.81
Other Non Operating Income (Expenses)	21.31	-122.79	-69.82	-0.47	-0.25	-0.14
EBT Excluding Unusual Items	211.89	154.96	73.53	57.48	27.35	20.42
Gain (Loss) on Sale of Investments	-	-	-	-0.05	-	-0.01
Gain (Loss) on Sale of Assets	0.01	0.03	-	-	-	-
Legal Settlements	-	-	-0.73	-0.59	-	-
Pretax Income	211.9	154.99	72.8	56.84	27.35	20.41
Income Tax Expense	42.58	20.8	-23.09	-0.3	5.33	4.51
Net Income	169.32	134.18	95.9	57.14	22.03	15.9
Net Income to Common	169.32	134.18	95.9	57.14	22.03	15.9
Net Income Growth	74.76%	39.93%	67.82%	159.41%	38.58%	-
Shares Outstanding (Basic)	112	112	112	112	24	24
Shares Outstanding (Diluted)	112	112	112	112	24	24
Shares Change (YoY)	-0.00%	-	-	365.04%	-	-
EPS (Basic)	1.51	1.20	0.86	0.51	0.91	0.66
EPS (Diluted)	1.51	1.20	0.86	0.51	0.91	0.66
EPS Growth	74.76%	39.93%	67.82%	-44.22%	38.58%	-
Free Cash Flow	116.42	-27.36	-8.8	7.52	15.44	15.05
Free Cash Flow Per Share	1.04	-0.24	-0.08	0.07	0.64	0.62
Dividend Per Share	-	-	0.083	-	-	-
Gross Margin	32.25%	40.59%	33.18%	39.73%	39.66%	40.88%
Operating Margin	23.57%	32.29%	24.51%	32.19%	29.00%	27.54%
Profit Margin	20.41%	16.96%	17.35%	39.45%	26.77%	23.50%
Free Cash Flow Margin	14.04%	-3.46%	-1.59%	5.19%	18.77%	22.25%
EBITDA	209.42	261.62	139.02	47.17	24.32	18.98
EBITDA Margin	25.25%	33.07%	25.16%	32.57%	29.55%	28.06%
D&A For EBITDA	13.88	6.11	3.58	0.55	0.45	0.35
EBIT	195.54	255.51	135.44	46.62	23.87	18.63
EBIT Margin	23.57%	32.29%	24.51%	32.19%	29.00%	27.54%
Effective Tax Rate	20.09%	13.42%	-	-	19.47%	22.12%
Advertising Expenses	-	-	-	0.9	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.