IST:MAKIM 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	1,397	1,379	1,142	552.66	144.83
Revenue Growth (YoY)	1.30%	20.73%	106.69%	281.59%	75.98%
Cost of Revenue	1,023	964.5	678.68	369.26	87.29
Gross Profit	373.74	414.58	463.63	183.4	57.54
Selling, General & Admin	221.91	196.5	87.83	43.67	10.58
Research & Development	7.03	6.12	11.32	6.37	1.04
Other Operating Expenses	9.52	-3.98	-4.42	-2.09	-0.7
Operating Expenses	238.46	198.65	94.73	47.95	10.92
Operating Income	135.28	215.94	368.9	135.44	46.62
Interest Expense	-54.29	-53.44	-33.35	-1.89	-0.79
Interest & Investment Income	49.28	36.16	9.77	0.81	1.32
Currency Exchange Gain (Loss)	-48.57	4.79	55.7	8.99	10.8
Other Non Operating Income (Expenses)	-24.91	-123.84	-177.29	-69.82	-0.47
EBT Excluding Unusual Items	56.79	79.61	223.73	73.53	57.48
Gain (Loss) on Sale of Investments	-0.75	-0.01	-	-	-0.05
Gain (Loss) on Sale of Assets	3.19	0.04	0.04	-	-
Legal Settlements	-	-	-	-0.73	-0.59
Pretax Income	59.23	79.64	223.77	72.8	56.84
Income Tax Expense	39.41	7.17	30.03	-23.09	-0.3
Net Income	19.83	72.47	193.73	95.9	57.14
Net Income to Common	19.83	72.47	193.73	95.9	57.14
Net Income Growth	-72.64%	-62.59%	102.02%	67.82%	159.41%
Shares Outstanding (Basic)	112	112	112	112	112
Shares Outstanding (Diluted)	112	112	112	112	112
Shares Change (YoY)	-	-	-	-	365.04%
EPS (Basic)	0.18	0.65	1.73	0.86	0.51
EPS (Diluted)	0.18	0.65	1.73	0.86	0.51
EPS Growth	-72.64%	-62.59%	102.02%	67.82%	-44.22%
Free Cash Flow	36.5	56.5	-39.5	-8.8	7.52
Free Cash Flow Per Share	0.33	0.50	-0.35	-0.08	0.07
Dividend Per Share	-	-	-	0.083	-
Gross Margin	26.75%	30.06%	40.59%	33.18%	39.73%
Operating Margin	9.68%	15.66%	32.29%	24.51%	32.19%
Profit Margin	1.42%	5.25%	16.96%	17.35%	39.45%
Free Cash Flow Margin	2.61%	4.10%	-3.46%	-1.59%	5.19%
EBITDA	166.83	242.34	377.72	139.02	47.17
EBITDA Margin	11.94%	17.57%	33.07%	25.16%	32.57%
D&A For EBITDA	31.55	26.4	8.82	3.58	0.55
EBIT	135.28	215.94	368.9	135.44	46.62
EBIT Margin	9.68%	15.66%	32.29%	24.51%	32.19%
Effective Tax Rate	66.53%	9.00%	13.42%	-	-
Advertising Expenses	-	-	-	-	0.9

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