IST:MAVI Income Statement

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

Millions TRY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	47,729	50,326	37,368	21,038	4,619
Revenue Growth (YoY)	-5.16%	34.68%	77.62%	355.43%	92.33%
Cost of Revenue	23,391	25,018	19,356	10,680	2,248
Gross Profit	24,338	25,309	18,011	10,358	2,372
Selling, General & Admin	18,098	18,560	12,984	7,516	1,669
Research & Development	836.04	653.41	417.21	179.05	45.07
Other Operating Expenses	-213.02	-175.25	-192.72	-8.58	-10.73
Operating Expenses	18,721	19,038	13,208	7,687	1,703
Operating Income	5,617	6,271	4,803	2,671	668.77
Interest Expense	-2,359	-3,141	-2,029	-965.62	-242.79
Interest & Investment Income	1,556	2,480	1,548	612.27	89.72
Currency Exchange Gain (Loss)	46.9	-7.65	151.87	81.89	17.12
Other Non Operating Income (Expenses)	-1,366	-801.2	-676.92	-8.08	-55.78
EBT Excluding Unusual Items	3,496	4,801	3,797	2,391	477.05
Gain (Loss) on Sale of Investments	-49.13	-6.34	-3.44	-1.45	-0.01
Other Unusual Items	-	-	-	12.19	61.98
Pretax Income	3,447	4,795	3,794	2,402	539.02
Income Tax Expense	1,388	1,300	1,297	475.02	116
Earnings From Continuing Operations	2,058	3,494	2,497	1,927	423.02
Minority Interest in Earnings	235.17	64.48	38.52	-21.49	-22.58
Net Income	2,294	3,559	2,535	1,906	400.44
Net Income to Common	2,294	3,559	2,535	1,906	400.44
Net Income Growth	-35.56%	40.38%	33.03%	375.90%	8637.53%
Shares Outstanding (Basic)	795	795	795	795	795
Shares Outstanding (Diluted)	795	795	795	795	795
EPS (Basic)	2.89	4.48	3.19	2.40	0.50
EPS (Diluted)	2.89	4.48	3.19	2.40	0.50
EPS Growth	-35.56%	40.38%	33.03%	375.90%	8638.00%
Free Cash Flow	6,703	6,681	5,799	2,458	1,240
Free Cash Flow Per Share	8.44	8.41	7.30	3.09	1.56
Dividend Per Share	-	1.720	1.063	0.541	0.152
Dividend Growth	-	61.73%	96.73%	255.89%	298.69%
Gross Margin	50.99%	50.29%	48.20%	49.23%	51.34%
Operating Margin	11.77%	12.46%	12.85%	12.70%	14.48%
Profit Margin	4.81%	7.07%	6.78%	9.06%	8.67%
Free Cash Flow Margin	14.04%	13.28%	15.52%	11.69%	26.84%
EBITDA	6,656	7,162	5,427	3,098	755.02
EBITDA Margin	13.94%	14.23%	14.52%	14.72%	16.35%
D&A For EBITDA	1,038	891.2	623.95	426.81	86.25
EBIT	5,617	6,271	4,803	2,671	668.77
EBIT Margin	11.77%	12.46%	12.85%	12.70%	14.48%
Effective Tax Rate	40.28%	27.12%	34.19%	19.77%	21.52%
Advertising Expenses	774.93	720.75	455.35	291.13	77.23

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.