IST:MARBL 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	3,235	2,392	1,656	1,163	537.04
Revenue Growth (YoY)	35.26%	44.47%	42.37%	116.54%	72.41%
Cost of Revenue	1,908	1,454	957.52	668	315.63
Gross Profit	1,327	937.68	698.11	494.92	221.41
Selling, General & Admin	1,083	773.16	514.48	347.99	170.81
Other Operating Expenses	32.65	43.39	35.84	5.5	2.3
Operating Expenses	1,115	816.56	550.32	353.49	173.12
Operating Income	211.46	121.12	147.79	141.43	48.29
Interest Expense	-213.61	-71.15	-64.25	-30.42	-15.6
Interest & Investment Income	34.69	72.58	37.42	25.49	5.99
Earnings From Equity Investments	5.92	10.38	6.63	4	0.83
Currency Exchange Gain (Loss)	-	-35.66	3.29	-20.08	13.59
Other Non Operating Income (Expenses)	11.45	-27.53	-17.92	-12.06	-5.91
EBT Excluding Unusual Items	49.9	69.74	112.96	108.35	47.2
Gain (Loss) on Sale of Investments	-1.2	-2.06	-0.52	-5.96	-0.42
Legal Settlements	-	-	-0.03	-0.35	0.21
Pretax Income	48.7	67.68	112.41	102.04	47
Income Tax Expense	43.46	-45.26	-16.63	5.33	18.39
Earnings From Continuing Operations	5.23	112.94	129.04	96.71	28.61
Minority Interest in Earnings	-4.05	0.32	-	-43.12	-18.43
Net Income	1.19	113.26	129.04	53.59	10.18
Net Income to Common	1.19	113.26	129.04	53.59	10.18
Net Income Growth	-98.95%	-12.23%	140.79%	426.62%	-
Shares Outstanding (Basic)	-	229	188	33	4
Shares Outstanding (Diluted)	-	229	188	33	4
Shares Change (YoY)	-	21.53%	470.00%	816.67%	-
EPS (Basic)	-	0.50	0.69	1.62	2.83
EPS (Diluted)	-	0.50	0.69	1.62	2.83
EPS Growth	-	-27.78%	-57.76%	-42.55%	-
Free Cash Flow	-46.64	-123.11	59.26	102.78	49.26
Free Cash Flow Per Share	-	-0.54	0.32	3.12	13.68
Dividend Per Share	-	-	0.056	-	-
Gross Margin	41.01%	39.20%	42.17%	42.56%	41.23%
Operating Margin	6.54%	5.06%	8.93%	12.16%	8.99%
Profit Margin	0.04%	4.74%	7.79%	4.61%	1.90%
Free Cash Flow Margin	-1.44%	-5.15%	3.58%	8.84%	9.17%
EBITDA	439.22	191.54	187.51	166.72	61.71
EBITDA Margin	13.58%	8.01%	11.33%	14.34%	11.49%
D&A For EBITDA	227.76	70.42	39.72	25.29	13.42
EBIT	211.46	121.12	147.79	141.43	48.29
EBIT Margin	6.54%	5.06%	8.93%	12.16%	8.99%
Effective Tax Rate	89.25%	-	-	5.22%	39.13%
Advertising Expenses	-	63.3	44.74	-	-

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