IST:MNDRS 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	8,830	10,283	9,155	7,994	2,227
Revenue Growth (YoY)	-14.13%	12.32%	14.52%	259.00%	22.13%
Cost of Revenue	8,152	10,011	8,160	6,243	1,858
Gross Profit	677.28	271.72	994.53	1,751	368.77
Selling, General & Admin	672.39	682.01	640.5	414.31	99.64
Research & Development	50.53	60.96	62.26	29.46	9.84
Other Operating Expenses	-128.81	-210.71	-87.8	-37.75	-22.21
Operating Expenses	594.1	532.26	614.96	406.03	87.27
Operating Income	83.18	-260.54	379.57	1,345	281.51
Interest Expense	-422.4	-849.26	-449.46	-234.27	-56.88
Interest & Investment Income	621.5	1,235	127.42	90.42	79.61
Earnings From Equity Investments	-34.73	-23.98	115.88	170.37	30.61
Currency Exchange Gain (Loss)	-397.39	90.51	-580.03	-864.07	-663.05
Other Non Operating Income (Expenses)	562.06	353.93	1,675	1,482	-13.66
EBT Excluding Unusual Items	412.21	546.09	1,269	1,990	-341.86
Gain (Loss) on Sale of Investments	-10.24	-2.17	-0.21	-536.85	-0.08
Legal Settlements	-2.43	-1.4	-6.54	-1.11	-0.3
Pretax Income	399.54	542.52	1,262	1,452	-342.24
Income Tax Expense	109.51	592.55	-345.98	-479.16	-76.75
Earnings From Continuing Operations	290.02	-50.03	1,608	1,931	-265.49
Minority Interest in Earnings	17.36	19.25	-7.06	-11.62	-2.29
Net Income	307.38	-30.79	1,601	1,919	-267.78
Net Income to Common	307.38	-30.79	1,601	1,919	-267.78
Net Income Growth	-	-	-16.59%	-	-
Shares Outstanding (Basic)	277	277	277	250	250
Shares Outstanding (Diluted)	277	277	277	250	250
Shares Change (YoY)	-	-	10.92%	-	-
EPS (Basic)	1.11	-0.11	5.77	7.68	-1.07
EPS (Diluted)	1.11	-0.11	5.77	7.68	-1.07
EPS Growth	-	-	-24.80%	-	-
Free Cash Flow	1,535	-399.24	-570.87	5,762	175.13
Free Cash Flow Per Share	5.54	-1.44	-2.06	23.05	0.70
Gross Margin	7.67%	2.64%	10.86%	21.90%	16.56%
Operating Margin	0.94%	-2.53%	4.15%	16.82%	12.64%
Profit Margin	3.48%	-0.30%	17.49%	24.01%	-12.03%
Free Cash Flow Margin	17.38%	-3.88%	-6.24%	72.08%	7.86%
EBITDA	1,044	691.91	1,041	1,682	392.18
EBITDA Margin	11.83%	6.73%	11.37%	21.04%	17.61%
D&A For EBITDA	961.02	952.45	661.68	336.83	110.67
EBIT	83.18	-260.54	379.57	1,345	281.51
EBIT Margin	0.94%	-2.53%	4.15%	16.82%	12.64%
Effective Tax Rate	27.41%	109.22%	-	-	-

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