IST:MASFN Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	4,665	3,858	4,381	2,813
Revenue Growth	-	-11.94%	55.73%	-
Cost of Revenue	2,819	2,165	2,159	1,825
Gross Profit	1,845	1,693	2,222	988.05
Selling, General & Admin	80.08	68.95	54.66	31.12
Other Operating Expenses	-27.64	-10.57	4.47	-25.94
Operating Expenses	52.44	58.38	59.13	5.18
Operating Income	1,793	1,635	2,162	982.87
Interest Expense	-58.5	-39.39	-31.71	-77.5
Interest & Investment Income	1,568	1,451	806.32	177.15
Currency Exchange Gain (Loss)	-123.78	-113.54	114.43	83.38
EBT Excluding Unusual Items	3,178	2,932	3,051	1,166
Gain (Loss) on Sale of Investments	-566.73	-597.31	-218.35	-99.1
Pretax Income	2,612	2,335	2,833	1,067
Income Tax Expense	627.03	539.83	574.9	238.65
Earnings From Continuing Operations	1,985	1,795	2,258	828.16
Minority Interest in Earnings	-7.22	-5.77	-3.59	-2.39
Net Income	1,977	1,790	2,255	825.77
Net Income to Common	1,977	1,790	2,255	825.77
Net Income Growth	-	-20.63%	173.03%	-
Shares Outstanding (Basic)	500	500	500	500
Shares Outstanding (Diluted)	500	500	500	500
Shares Change	-	-	-	-
EPS (Basic)	3.95	3.58	4.51	1.65
EPS (Diluted)	3.95	3.58	4.51	1.65
EPS Growth	-	-20.63%	173.03%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	407.09	616.54	1,491	1,549
Free Cash Flow Per Share	0.81	1.23	2.98	3.10
Gross Margin	39.56%	43.88%	50.71%	35.12%
Operating Margin	38.44%	42.37%	49.36%	34.94%
Profit Margin	42.39%	46.39%	51.46%	29.35%
Free Cash Flow Margin	8.73%	15.98%	34.04%	55.07%
EBITDA	1,970	1,805	2,300	1,069
EBITDA Margin	42.24%	46.78%	52.49%	37.99%
D&A For EBITDA	177.48	170.14	137.22	85.89
EBIT	1,793	1,635	2,162	982.87
EBIT Margin	38.44%	42.37%	49.36%	34.94%
Effective Tax Rate	24.01%	23.12%	20.29%	22.37%