IST:MCARD 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	2,484	2,436	2,156	1,332
Revenue Growth (YoY)	86.57%	12.95%	61.94%	-
Cost of Revenue	1,321	1,668	1,447	934.89
Gross Profit	1,163	767.52	709.45	396.75
Selling, General & Admin	563.39	459.46	297.62	206.98
Research & Development	32.27	35.03	33.69	22.81
Other Operating Expenses	4.71	7.45	27.07	4.03
Operating Expenses	600.37	501.94	358.38	233.81
Operating Income	562.71	265.58	351.08	162.93
Interest Expense	-170.37	-118.5	-28.76	-24.73
Interest & Investment Income	725.84	792.6	731.02	323.64
Earnings From Equity Investments	72.73	71.37	107.96	39.33
Currency Exchange Gain (Loss)	-15.39	1.51	1.1	0.2
Other Non Operating Income (Expenses)	-61.37	-39.32	-25.03	-74.83
EBT Excluding Unusual Items	1,114	973.25	1,137	426.55
Gain (Loss) on Sale of Investments	-16.23	-1.85	-10.07	-20.36
Gain (Loss) on Sale of Assets	1.01	1.01	-	13.89
Pretax Income	1,099	972.41	1,127	420.08
Income Tax Expense	303.74	237.74	364.21	41.92
Net Income	795.19	734.67	763.1	378.16
Preferred Dividends & Other Adjustments	-31.61	-31.61	-	-
Net Income to Common	826.8	766.28	763.1	378.16
Net Income Growth	110.28%	-3.72%	101.79%	-
Shares Outstanding (Basic)	83	80	80	20
Shares Outstanding (Diluted)	83	80	80	20
Shares Change (YoY)	315.75%	-	300.00%	-
EPS (Basic)	9.94	9.58	9.54	18.91
EPS (Diluted)	9.94	9.58	9.54	18.91
EPS Growth	-47.41%	0.42%	-49.55%	-
Dividend Per Share	5.400	5.400	-	-
Gross Margin	46.81%	31.51%	32.90%	29.79%
Operating Margin	22.65%	10.90%	16.28%	12.24%
Profit Margin	33.28%	31.46%	35.39%	28.40%
EBITDA	785.03	474.88	493.72	282.23
EBITDA Margin	31.60%	19.50%	22.89%	21.19%
D&A For EBITDA	222.32	209.3	142.64	119.29
EBIT	562.71	265.58	351.08	162.93
EBIT Margin	22.65%	10.90%	16.28%	12.24%
Effective Tax Rate	27.64%	24.45%	32.31%	9.98%