IST:MERIT 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	Sep '25 Sep 30, 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	231.84	150.51	149.41	112.6	11.37	4.82
Revenue Growth (YoY)	38.63%	0.74%	32.68%	890.58%	135.82%	-66.35%
Cost of Revenue	9.07	9.58	24.82	37.94	1.43	0.25
Gross Profit	222.76	140.93	124.58	74.66	9.94	4.57
Selling, General & Admin	90.07	68.65	47.01	27.36	4.96	3.03
Other Operating Expenses	24.93	-2.25	1.96	0.49	-0.25	-1.97
Operating Expenses	115	66.4	48.97	27.85	4.71	1.06
Operating Income	107.76	74.53	75.61	46.81	5.23	3.51
Interest Expense	-0.02	-	-	-	-	-0.04
Interest & Investment Income	157.57	16.76	9.24	2.56	0.3	0
Earnings From Equity Investments	19.59	19.59	-	-	-	-
Currency Exchange Gain (Loss)	0.64	0.36	0.2	0.11	0	0.01
Other Non Operating Income (Expenses)	-70.73	-11.07	-13.48	-8.03	-0.09	0
EBT Excluding Unusual Items	214.82	100.17	71.58	41.45	5.45	3.47
Gain (Loss) on Sale of Investments	1.41	-8.39	-4.13	-0.5	-0.22	-0.31
Pretax Income	216.23	91.78	67.44	40.95	5.23	3.16
Income Tax Expense	-219.9	-265.69	-54.21	25.4	1.33	0.72
Earnings From Continuing Operations	436.13	357.47	121.66	15.55	3.9	2.44
Minority Interest in Earnings	0	0	-	-	-	-
Net Income	436.13	357.47	121.66	15.55	3.9	2.44
Net Income to Common	436.13	357.47	121.66	15.55	3.9	2.44
Net Income Growth	-1.03%	193.84%	682.10%	299.01%	59.78%	-66.14%
Shares Outstanding (Basic)	337	337	337	337	136	31
Shares Outstanding (Diluted)	337	337	337	337	136	31
Shares Change (YoY)	-	-	-	147.08%	345.20%	-
EPS (Basic)	1.30	1.06	0.36	0.05	0.03	0.08
EPS (Diluted)	1.30	1.06	0.36	0.05	0.03	0.08
EPS Growth	-1.03%	193.84%	682.10%	61.50%	-64.11%	-66.14%
Dividend Per Share	0.140	0.140	0.083	0.083	-	-
Dividend Growth	68.07%	68.07%	-	-	-	-
Gross Margin	96.09%	93.64%	83.38%	66.31%	87.45%	94.80%
Operating Margin	46.48%	49.52%	50.61%	41.57%	45.98%	72.74%
Profit Margin	188.12%	237.51%	81.43%	13.81%	34.29%	50.62%
EBITDA	-	-	-	46.81	5.23	3.51
EBITDA Margin	-	-	-	41.57%	45.98%	72.81%
D&A For EBITDA	-	-	-	0	0	0
EBIT	107.76	74.53	75.61	46.81	5.23	3.51
EBIT Margin	46.48%	49.52%	50.61%	41.57%	45.98%	72.74%
Effective Tax Rate	-	-	-	62.02%	25.40%	22.82%
Advertising Expenses	-	34.11	17.44	11.19	1.69	1.11

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.