IST:NATEN 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	1,607	1,453	2,662	1,868	623.36
Revenue Growth (YoY)	10.57%	-45.42%	42.48%	199.69%	336.66%
Operations & Maintenance	-	3.65	3.5	1.31	0.77
Selling, General & Admin	613.45	464.66	265.85	142.75	30.57
Other Operating Expenses	1,220	1,248	2,225	1,239	425.55
Total Operating Expenses	1,834	1,716	2,495	1,383	456.89
Operating Income	-227.36	-262.92	167.05	484.76	166.47
Interest Expense	-1,516	-453.92	-415.23	-206.49	-86.95
Interest Income	1,235	416.33	990.61	968.82	686.68
Net Interest Expense	-281.01	-37.6	575.38	762.33	599.73
Income (Loss) on Equity Investments	0.1	-	-	-	-
Currency Exchange Gain (Loss)	-	-192.13	-232.04	46.54	266.73
Other Non-Operating Income (Expenses)	1,298	1,706	-165.18	300.82	-3.54
EBT Excluding Unusual Items	789.45	1,213	345.21	1,594	1,029
Gain (Loss) on Sale of Investments	-2,436	-1,640	-199.3	-2,431	-
Insurance Settlements	-	-	0.73	2.57	0.06
Pretax Income	-1,646	-426.59	146.65	-834.21	1,029
Income Tax Expense	296.34	-210.87	-185.18	-246.09	5.37
Earnings From Continuing Ops.	-1,943	-215.72	331.82	-588.12	1,024
Minority Interest in Earnings	828.36	166.17	-214.61	493.54	-412.1
Net Income	-1,114	-49.55	117.21	-94.57	611.99
Net Income to Common	-1,114	-49.55	117.21	-94.57	611.99
Net Income Growth	-	-	-	-	684.41%
Shares Outstanding (Basic)	-	822	824	825	825
Shares Outstanding (Diluted)	-	822	824	825	825
Shares Change (YoY)	-	-0.27%	-0.14%	-	-
EPS (Basic)	-	-0.06	0.14	-0.11	0.74
EPS (Diluted)	-	-0.06	0.14	-0.11	0.74
EPS Growth	-	-	-	-	684.41%
Free Cash Flow	417.94	372.03	-412.05	-1,200	-623.83
Free Cash Flow Per Share	-	0.45	-0.50	-1.45	-0.76
Dividend Per Share	-	-	-	0.040	0.010
Dividend Growth	-	-	-	300.00%	-
Profit Margin	-69.37%	-3.41%	4.40%	-5.06%	98.18%
Free Cash Flow Margin	26.02%	25.61%	-15.48%	-64.23%	-100.08%
EBITDA	276.76	69.42	517.85	793.03	257.17
EBITDA Margin	17.23%	4.78%	19.45%	42.45%	41.25%
D&A For EBITDA	504.12	332.34	350.8	308.27	90.7
EBIT	-227.36	-262.92	167.05	484.76	166.47
EBIT Margin	-14.15%	-18.10%	6.28%	25.95%	26.71%
Effective Tax Rate	-	-	-	-	0.52%

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