IST:MERCN Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	1,890	2,412	2,840	665.77	326.12	212.69
Revenue Growth (YoY)	-54.47%	-15.08%	326.53%	104.15%	53.33%	-
Cost of Revenue	1,459	1,950	2,196	509.96	252.68	171.33
Gross Profit	430.2	461.24	644.17	155.81	73.44	41.36
Selling, General & Admin	229.6	228.55	229.81	50.63	33.73	24.4
Research & Development	15.85	12.1	11.61	1.93	0.71	1.79
Other Operating Expenses	17.92	-0.34	-27.52	9.71	5.78	1.94
Operating Expenses	263.38	240.31	213.89	62.27	40.22	28.13
Operating Income	166.81	220.93	430.28	93.54	33.22	13.23
Interest Expense	-396.88	-259.68	-149.59	-39.86	-20.23	-29.16
Interest & Investment Income	193.94	175.91	127.11	32.78	24.91	43.67
Earnings From Equity Investments	-7.55	1.6	-	-	-	-
Currency Exchange Gain (Loss)	77.87	93.92	78.03	71.38	17.57	2.36
Other Non Operating Income (Expenses)	-26.64	-157.38	-301.48	-1.89	-1.07	-2.08
EBT Excluding Unusual Items	7.55	75.29	184.35	155.95	54.4	28.03
Gain (Loss) on Sale of Investments	93.54	-1.04	-2.58	-14.77	-16.83	-8.27
Gain (Loss) on Sale of Assets	16.85	21.73	-28.45	-	-	-
Legal Settlements	-0	-0	-0.14	-	-	-
Pretax Income	117.94	95.98	153.17	141.17	37.57	19.91
Income Tax Expense	-1.13	35.15	51.72	19.6	7.02	9.34
Net Income	119.07	60.84	101.45	121.58	30.56	10.58
Net Income to Common	119.07	60.84	101.45	121.58	30.56	10.58
Net Income Growth	-	-40.03%	-16.55%	297.85%	188.96%	-
Shares Outstanding (Basic)	190	190	190	190	135	135
Shares Outstanding (Diluted)	190	190	190	190	135	135
Shares Change (YoY)	-	-	-	41.02%	-	-
EPS (Basic)	0.63	0.32	0.53	0.64	0.23	0.08
EPS (Diluted)	0.63	0.32	0.53	0.64	0.23	0.08
EPS Growth	-	-40.03%	-16.55%	182.13%	188.97%	-
Free Cash Flow	286.4	-164.97	-145.28	-148.92	-17.02	11.26
Free Cash Flow Per Share	1.50	-0.87	-0.76	-0.78	-0.13	0.08
Dividend Per Share	0.070	0.070	-	-	-	-
Gross Margin	22.77%	19.13%	22.68%	23.40%	22.52%	19.44%
Operating Margin	8.83%	9.16%	15.15%	14.05%	10.19%	6.22%
Profit Margin	6.30%	2.52%	3.57%	18.26%	9.37%	4.97%
Free Cash Flow Margin	15.16%	-6.84%	-5.12%	-22.37%	-5.22%	5.29%
EBITDA	203.82	256.55	467.73	101.56	39.28	20.78
EBITDA Margin	10.79%	10.64%	16.47%	15.25%	12.04%	9.77%
D&A For EBITDA	37.01	35.62	37.45	8.02	6.05	7.55
EBIT	166.81	220.93	430.28	93.54	33.22	13.23
EBIT Margin	8.83%	9.16%	15.15%	14.05%	10.19%	6.22%
Effective Tax Rate	-	36.62%	33.77%	13.88%	18.67%	46.89%

Source: S&P Capital IQ. Standard template. Financial Sources.