IST:MARBL 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	2,746	2,392	1,656	1,163	537.04	311.49
Revenue Growth (YoY)	29.22%	44.47%	42.37%	116.54%	72.41%	-
Cost of Revenue	1,690	1,454	957.52	668	315.63	193.91
Gross Profit	1,056	937.68	698.11	494.92	221.41	117.59
Selling, General & Admin	874.75	773.16	514.48	347.99	170.81	118.27
Other Operating Expenses	24.13	43.39	35.84	5.5	2.3	-8.85
Operating Expenses	898.88	816.56	550.32	353.49	173.12	109.42
Operating Income	157.02	121.12	147.79	141.43	48.29	8.16
Interest Expense	-156.94	-71.15	-64.25	-30.42	-15.6	-13.48
Interest & Investment Income	48.55	72.58	37.42	25.49	5.99	1.5
Earnings From Equity Investments	11.06	10.38	6.63	4	0.83	2.68
Currency Exchange Gain (Loss)	22.28	-35.66	3.29	-20.08	13.59	3.72
Other Non Operating Income (Expenses)	-5.99	-27.53	-17.92	-12.06	-5.91	-3.34
EBT Excluding Unusual Items	75.99	69.74	112.96	108.35	47.2	-0.76
Gain (Loss) on Sale of Investments	-3.24	-2.06	-0.52	-5.96	-0.42	-0.48
Legal Settlements	-	-	-0.03	-0.35	0.21	-
Pretax Income	72.75	67.68	112.41	102.04	47	-1.24
Income Tax Expense	-37.87	-45.26	-16.63	5.33	18.39	1.89
Earnings From Continuing Operations	110.62	112.94	129.04	96.71	28.61	-3.13
Minority Interest in Earnings	0.66	0.32	-	-43.12	-18.43	-3.54
Net Income	111.27	113.26	129.04	53.59	10.18	-6.67
Net Income to Common	111.27	113.26	129.04	53.59	10.18	-6.67
Net Income Growth	-32.91%	-12.23%	140.79%	426.62%	-	-
Shares Outstanding (Basic)	-	229	188	33	4	4
Shares Outstanding (Diluted)	-	229	188	33	4	4
Shares Change (YoY)	-	21.53%	470.00%	816.67%	-	-
EPS (Basic)	-	0.50	0.69	1.62	2.83	-1.85
EPS (Diluted)	-	0.50	0.69	1.62	2.83	-1.85
EPS Growth	-	-27.78%	-57.76%	-42.55%	-	-
Free Cash Flow	50.14	-123.11	59.26	102.78	49.26	14.68
Free Cash Flow Per Share	-	-0.54	0.32	3.12	13.68	4.08
Dividend Per Share	-	-	0.056	-	-	-
Gross Margin	38.46%	39.20%	42.17%	42.56%	41.23%	37.75%
Operating Margin	5.72%	5.06%	8.93%	12.16%	8.99%	2.62%
Profit Margin	4.05%	4.74%	7.79%	4.61%	1.90%	-2.14%
Free Cash Flow Margin	1.83%	-5.15%	3.58%	8.84%	9.17%	4.71%
EBITDA	286.93	191.54	187.51	166.72	61.71	19.33
EBITDA Margin	10.45%	8.01%	11.33%	14.34%	11.49%	6.21%
D&A For EBITDA	129.91	70.42	39.72	25.29	13.42	11.17
EBIT	157.02	121.12	147.79	141.43	48.29	8.16
EBIT Margin	5.72%	5.06%	8.93%	12.16%	8.99%	2.62%
Effective Tax Rate	-	-	-	5.22%	39.13%	-
Advertising Expenses	-	63.3	44.74	-	-	-

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