IST:MEGMT Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	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	18,553	17,936	11,727	8,840	4,292	2,082
Revenue Growth (YoY)	35.81%	52.94%	32.66%	105.97%	106.19%	-
Cost of Revenue	16,993	16,454	10,638	8,161	3,936	1,894
Gross Profit	1,560	1,481	1,089	679.27	356.09	187.52
Selling, General & Admin	978.78	874.16	458.01	230.96	119.24	73.98
Other Operating Expenses	5.86	-1.92	16.61	24.4	3.15	10.16
Operating Expenses	984.64	872.24	474.62	255.36	122.39	84.14
Operating Income	575.56	608.98	613.94	423.92	233.69	103.38
Interest Expense	-375.1	-447.57	-331.38	-155.78	-54.21	-14.78
Interest & Investment Income	652.2	674.74	173.61	156.02	22.27	28
Currency Exchange Gain (Loss)	-553.23	-506.48	-210.16	-276.08	-150.38	-52.73
EBT Excluding Unusual Items	299.43	329.67	246.01	148.08	51.37	63.87
Gain (Loss) on Sale of Investments	-20.78	-19.93	-50.21	-1.15	-1.2	-9.21
Asset Writedown	-	-	-	-	-0.05	-0.02
Other Unusual Items	-	-	57.61	-	-	-
Pretax Income	278.65	309.75	253.4	146.93	50.18	54.91
Income Tax Expense	-170.91	-112.86	-46.72	65.24	45.89	10.81
Net Income	449.56	422.61	300.12	81.69	4.29	44.09
Net Income to Common	449.56	422.61	300.12	81.69	4.29	44.09
Net Income Growth	10.36%	40.81%	267.39%	1804.82%	-90.27%	-
Shares Outstanding (Basic)	265	265	225	225	171	107
Shares Outstanding (Diluted)	265	265	225	225	171	107
Shares Change (YoY)	12.77%	17.78%	-	31.22%	60.71%	-
EPS (Basic)	1.70	1.59	1.33	0.36	0.03	0.41
EPS (Diluted)	1.70	1.59	1.33	0.36	0.03	0.41
EPS Growth	-2.13%	19.56%	267.39%	1351.70%	-93.95%	-
Free Cash Flow	-484.39	-1,301	838.83	235.17	257.81	-6.04
Free Cash Flow Per Share	-1.83	-4.91	3.73	1.04	1.50	-0.06
Gross Margin	8.41%	8.26%	9.28%	7.68%	8.30%	9.01%
Operating Margin	3.10%	3.40%	5.24%	4.79%	5.45%	4.97%
Profit Margin	2.42%	2.36%	2.56%	0.92%	0.10%	2.12%
Free Cash Flow Margin	-2.61%	-7.25%	7.15%	2.66%	6.01%	-0.29%
EBITDA	940.21	935.74	831.38	543.19	305.71	153.77
EBITDA Margin	5.07%	5.22%	7.09%	6.14%	7.12%	7.39%
D&A For EBITDA	364.65	326.76	217.45	119.28	72.01	50.39
EBIT	575.56	608.98	613.94	423.92	233.69	103.38
EBIT Margin	3.10%	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.