IST:MANAS 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	Jun '25 Jun 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	404.04	363.48	397.6	269.47	96.38	53.99
Revenue Growth (YoY)	7.30%	-8.58%	47.55%	179.58%	78.52%	-
Cost of Revenue	203.55	149.12	183.44	162.03	59.92	32.58
Gross Profit	200.48	214.36	214.16	107.44	36.46	21.41
Selling, General & Admin	132.38	122.48	106.39	50.28	15.53	10.46
Research & Development	13.71	8.04	6.01	2.9	0.86	0.35
Other Operating Expenses	-10.88	3.64	-8.42	5.13	0.05	0.28
Operating Expenses	135.6	135	104.82	58.31	16.44	11.09
Operating Income	64.89	79.36	109.34	49.13	20.02	10.32
Interest Expense	-255.21	-196.84	-68.66	-17.64	-7.49	-5.27
Interest & Investment Income	-	10.64	16.85	2.75	1.33	0.43
Earnings From Equity Investments	0	-0.53	-0.12	-	-	-
Currency Exchange Gain (Loss)	-4.67	15.16	-14.96	1.97	-4.51	-4.09
Other Non Operating Income (Expenses)	90.15	0.93	-18.21	-55.54	-	-
EBT Excluding Unusual Items	-104.85	-91.29	24.24	-19.32	9.35	1.38
Gain (Loss) on Sale of Investments	-16.15	-16.15	-7.12	-0.67	-3.38	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.1
Pretax Income	-121	-107.44	17.12	-20	5.97	1.49
Income Tax Expense	30.24	5.6	-39.77	19.4	1.86	-0.07
Net Income	-151.24	-113.04	56.89	-39.4	4.11	1.56
Net Income to Common	-151.24	-113.04	56.89	-39.4	4.11	1.56
Net Income Growth	-	-	-	-	164.12%	-
Shares Outstanding (Basic)	133	92	80	83	83	-
Shares Outstanding (Diluted)	133	92	80	83	83	-
Shares Change (YoY)	60.48%	14.80%	-3.34%	-	-	-
EPS (Basic)	-1.14	-1.23	0.71	-0.48	0.05	-
EPS (Diluted)	-1.14	-1.23	0.71	-0.48	0.05	-
Free Cash Flow	112.18	-85.8	-83.96	-116.61	-39.25	-9.56
Free Cash Flow Per Share	0.84	-0.93	-1.05	-1.41	-0.47	-
Gross Margin	49.62%	58.97%	53.86%	39.87%	37.83%	39.65%
Operating Margin	16.06%	21.83%	27.50%	18.23%	20.77%	19.11%
Profit Margin	-37.43%	-31.10%	14.31%	-14.62%	4.26%	2.88%
Free Cash Flow Margin	27.76%	-23.61%	-21.12%	-43.27%	-40.72%	-17.71%
EBITDA	120.42	105.55	129.76	59.6	21.03	11.22
EBITDA Margin	29.80%	29.04%	32.64%	22.12%	21.82%	20.79%
D&A For EBITDA	55.53	26.19	20.43	10.48	1.01	0.9
EBIT	64.89	79.36	109.34	49.13	20.02	10.32
EBIT Margin	16.06%	21.83%	27.50%	18.23%	20.77%	19.11%
Effective Tax Rate	-	-	-	-	31.17%	-
Advertising Expenses	-	1.43	1.58	0.45	0.14	0.04

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