IST:MERCN Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,900	2,631	3,482	2,840	665.77
Revenue Growth (YoY)	10.23%	-24.43%	22.61%	326.53%	104.14%
Cost of Revenue	1,973	2,051	2,816	2,196	509.96
Gross Profit	927.68	580.56	665.94	644.17	155.81
Selling, General & Admin	471.43	343.86	329.97	229.81	50.63
Research & Development	19.6	18.72	17.47	11.61	1.93
Other Operating Expenses	-114.83	-25.33	-0.44	-27.52	9.71
Operating Expenses	376.19	337.25	347.01	213.89	62.27
Operating Income	551.48	243.31	318.93	430.28	93.54
Interest Expense	-432.56	-419.24	-374.93	-149.59	-39.86
Interest & Investment Income	112.32	165.09	253.97	127.11	32.78
Earnings From Equity Investments	-1.18	-11.53	2.31	-	-
Currency Exchange Gain (Loss)	-	24.93	135.59	78.03	71.38
Other Non Operating Income (Expenses)	79.72	-80.63	-227.22	-301.48	-1.89
EBT Excluding Unusual Items	309.78	-78.07	108.66	184.35	155.95
Gain (Loss) on Sale of Investments	-75.08	-	-1.5	-2.58	-14.77
Gain (Loss) on Sale of Assets	-	1.28	31.38	-28.45	-
Legal Settlements	-	-	0.04	-0.14	-
Pretax Income	234.7	-76.8	138.58	153.17	141.17
Income Tax Expense	110.22	-16.9	50.74	51.72	19.6
Earnings From Continuing Operations	124.47	-59.9	87.83	101.45	121.58
Minority Interest in Earnings	17.43	-	-	-	-
Net Income	141.91	-59.9	87.83	101.45	121.58
Net Income to Common	141.91	-59.9	87.83	101.45	121.58
Net Income Growth	-	-	-13.42%	-16.55%	297.85%
Shares Outstanding (Basic)	-	190	190	190	190
Shares Outstanding (Diluted)	-	190	190	190	190
Shares Change (YoY)	-	-	-	-	41.02%
EPS (Basic)	-	-0.31	0.46	0.53	0.64
EPS (Diluted)	-	-0.31	0.46	0.53	0.64
EPS Growth	-	-	-13.42%	-16.55%	182.13%
Free Cash Flow	-62.21	472.21	-351.26	-145.28	-148.92
Free Cash Flow Per Share	-	2.48	-1.84	-0.76	-0.78
Dividend Per Share	-	0.053	0.070	-	-
Dividend Growth	-	-24.94%	-	-	-
Gross Margin	31.99%	22.07%	19.13%	22.68%	23.40%
Operating Margin	19.02%	9.25%	9.16%	15.15%	14.05%
Profit Margin	4.89%	-2.28%	2.52%	3.57%	18.26%
Free Cash Flow Margin	-2.15%	17.95%	-10.09%	-5.12%	-22.37%
EBITDA	632.83	302.19	370.35	467.73	101.56
EBITDA Margin	21.82%	11.48%	10.64%	16.47%	15.25%
D&A For EBITDA	81.34	58.88	51.43	37.45	8.02
EBIT	551.48	243.31	318.93	430.28	93.54
EBIT Margin	19.02%	9.25%	9.16%	15.15%	14.05%
Effective Tax Rate	46.96%	-	36.62%	33.77%	13.88%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.