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	1,942	1,454	957.52	668	315.63
Gross Profit	1,293	937.68	698.11	494.92	221.41
Selling, General & Admin	1,002	773.16	514.48	347.99	170.81
Other Operating Expenses	82.23	43.39	35.84	5.5	2.3
Operating Expenses	1,084	816.56	550.32	353.49	173.12
Operating Income	209.13	121.12	147.79	141.43	48.29
Interest Expense	-114.68	-71.15	-64.25	-30.42	-15.6
Interest & Investment Income	42.95	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)	-56.18	-35.66	3.29	-20.08	13.59
Other Non Operating Income (Expenses)	-37.08	-27.53	-17.92	-12.06	-5.91
EBT Excluding Unusual Items	50.05	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	-0.15	-	-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	229	188	33	4
Shares Outstanding (Diluted)	229	229	188	33	4
Shares Change (YoY)	-	21.53%	470.00%	816.67%	-
EPS (Basic)	0.01	0.50	0.69	1.62	2.83
EPS (Diluted)	0.01	0.50	0.69	1.62	2.83
EPS Growth	-98.95%	-27.78%	-57.76%	-42.55%	-
Free Cash Flow	-46.64	-123.11	59.26	102.78	49.26
Free Cash Flow Per Share	-0.20	-0.54	0.32	3.12	13.68
Dividend Per Share	-	-	0.056	-	-
Gross Margin	39.98%	39.20%	42.17%	42.56%	41.23%
Operating Margin	6.46%	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	333.62	191.54	187.51	166.72	61.71
EBITDA Margin	10.31%	8.01%	11.33%	14.34%	11.49%
D&A For EBITDA	124.49	70.42	39.72	25.29	13.42
EBIT	209.13	121.12	147.79	141.43	48.29
EBIT Margin	6.46%	5.06%	8.93%	12.16%	8.99%
Effective Tax Rate	89.25%	-	-	5.22%	39.13%
Advertising Expenses	78.86	63.3	44.74	-	-

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