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	391.69	363.48	397.6	269.47	96.38	53.99
Revenue Growth (YoY)	0.72%	-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	188.14	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	12.03	8.04	6.01	2.9	0.86	0.35
Other Operating Expenses	-6.9	3.64	-8.42	5.13	0.05	0.28
Operating Expenses	139.09	135	104.82	58.31	16.44	11.09
Operating Income	49.05	79.36	109.34	49.13	20.02	10.32
Interest Expense	-249.26	-196.84	-68.66	-17.64	-7.49	-5.27
Interest & Investment Income	10.67	10.64	16.85	2.75	1.33	0.43
Earnings From Equity Investments	-0.08	-0.53	-0.12	-	-	-
Currency Exchange Gain (Loss)	-3.83	15.16	-14.96	1.97	-4.51	-4.09
Other Non Operating Income (Expenses)	89.3	0.93	-18.21	-55.54	-	-
EBT Excluding Unusual Items	-104.15	-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	-120.31	-107.44	17.12	-20	5.97	1.49
Income Tax Expense	24.27	5.6	-39.77	19.4	1.86	-0.07
Net Income	-144.58	-113.04	56.89	-39.4	4.11	1.56
Net Income to Common	-144.58	-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)	60.94%	14.80%	-3.34%	-	-	-
EPS (Basic)	-1.09	-1.23	0.71	-0.48	0.05	-
EPS (Diluted)	-1.09	-1.23	0.71	-0.48	0.05	-
Free Cash Flow	139.12	-85.8	-83.96	-116.61	-39.25	-9.56
Free Cash Flow Per Share	1.04	-0.93	-1.05	-1.41	-0.47	-
Gross Margin	48.03%	58.97%	53.86%	39.87%	37.83%	39.65%
Operating Margin	12.52%	21.83%	27.50%	18.23%	20.77%	19.11%
Profit Margin	-36.91%	-31.10%	14.31%	-14.62%	4.26%	2.88%
Free Cash Flow Margin	35.52%	-23.61%	-21.12%	-43.27%	-40.72%	-17.71%
EBITDA	90.48	105.55	129.76	59.6	21.03	11.22
EBITDA Margin	23.10%	29.04%	32.64%	22.12%	21.82%	20.79%
D&A For EBITDA	41.44	26.19	20.43	10.48	1.01	0.9
EBIT	49.05	79.36	109.34	49.13	20.02	10.32
EBIT Margin	12.52%	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.