IST:MEGMT Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	17,936	11,727	8,840	4,292	2,082
Revenue Growth (YoY)	52.94%	32.66%	105.97%	106.19%	-
Cost of Revenue	16,454	10,638	8,161	3,936	1,894
Gross Profit	1,481	1,089	679.27	356.09	187.52
Selling, General & Admin	874.16	458.01	230.96	119.24	73.98
Other Operating Expenses	-1.92	16.61	24.4	3.15	10.16
Operating Expenses	872.24	474.62	255.36	122.39	84.14
Operating Income	608.98	613.94	423.92	233.69	103.38
Interest Expense	-447.57	-331.38	-155.78	-54.21	-14.78
Interest & Investment Income	674.74	173.61	156.02	22.27	28
Currency Exchange Gain (Loss)	-506.48	-210.16	-276.08	-150.38	-52.73
EBT Excluding Unusual Items	329.67	246.01	148.08	51.37	63.87
Gain (Loss) on Sale of Investments	-19.93	-50.21	-1.15	-1.2	-9.21
Asset Writedown	-	-	-	-0.05	-0.02
Other Unusual Items	-	57.61	-	-	-
Pretax Income	309.75	253.4	146.93	50.18	54.91
Income Tax Expense	-112.86	-46.72	65.24	45.89	10.81
Net Income	422.61	300.12	81.69	4.29	44.09
Net Income to Common	422.61	300.12	81.69	4.29	44.09
Net Income Growth	40.81%	267.39%	1804.82%	-90.27%	-
Shares Outstanding (Basic)	265	225	225	171	107
Shares Outstanding (Diluted)	265	225	225	171	107
Shares Change (YoY)	17.78%	-	31.22%	60.71%	-
EPS (Basic)	1.59	1.33	0.36	0.03	0.41
EPS (Diluted)	1.59	1.33	0.36	0.03	0.41
EPS Growth	19.56%	267.39%	1351.70%	-93.95%	-
Free Cash Flow	-1,301	838.83	235.17	257.81	-6.04
Free Cash Flow Per Share	-4.91	3.73	1.04	1.50	-0.06
Gross Margin	8.26%	9.28%	7.68%	8.30%	9.01%
Operating Margin	3.40%	5.24%	4.79%	5.45%	4.97%
Profit Margin	2.36%	2.56%	0.92%	0.10%	2.12%
Free Cash Flow Margin	-7.25%	7.15%	2.66%	6.01%	-0.29%
EBITDA	935.74	831.38	543.19	305.71	153.77
EBITDA Margin	5.22%	7.09%	6.14%	7.12%	7.39%
D&A For EBITDA	326.76	217.45	119.28	72.01	50.39
EBIT	608.98	613.94	423.92	233.69	103.38
EBIT Margin	3.40%	5.24%	4.79%	5.45%	4.97%
Effective Tax Rate	-	-	44.40%	91.45%	19.69%

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.