IST:NETAS 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	12,030	9,175	6,958	4,012	2,296
Revenue Growth (YoY)	31.11%	31.86%	73.46%	74.69%	32.49%
Cost of Revenue	11,219	8,526	6,355	3,624	2,461
Gross Profit	811.42	649.71	603.31	387.33	-164.92
Selling, General & Admin	703.44	653.16	447.06	312.55	216.86
Research & Development	-	22.78	2.39	6.56	14.71
Other Operating Expenses	44.49	23.54	41.6	17.41	17.41
Operating Expenses	747.93	699.47	491.04	336.52	248.98
Operating Income	63.49	-49.76	112.27	50.8	-413.91
Interest Expense	-287.26	-290.38	-319.02	-200.55	-106.49
Interest & Investment Income	52.67	65.25	12.49	70.03	43.81
Earnings From Equity Investments	-	-	-	0.32	-0.82
Currency Exchange Gain (Loss)	-38.54	14.27	208.61	32.76	-10.61
Other Non Operating Income (Expenses)	-85.3	-25.72	-59.82	-30.46	-32.18
EBT Excluding Unusual Items	-294.94	-286.34	-45.48	-77.1	-520.2
Gain (Loss) on Sale of Investments	-0.6	-0.33	-0.95	-0.34	-3.12
Asset Writedown	-	-	-	-	-97.92
Legal Settlements	-5.97	-3.24	-12.25	-6.18	-5.16
Pretax Income	-301.52	-289.91	-58.67	-83.62	-626.4
Income Tax Expense	39.04	-17.91	-159.12	-58.86	44.03
Earnings From Continuing Operations	-340.55	-272	100.45	-24.76	-670.42
Minority Interest in Earnings	-9.39	-8.55	-0.78	-5.81	2.21
Net Income	-349.94	-280.54	99.67	-30.57	-668.21
Net Income to Common	-349.94	-280.54	99.67	-30.57	-668.21
Shares Outstanding (Basic)	65	65	65	65	65
Shares Outstanding (Diluted)	65	65	65	65	65
EPS (Basic)	-5.39	-4.33	1.54	-0.47	-10.30
EPS (Diluted)	-5.39	-4.33	1.54	-0.47	-10.30
Free Cash Flow	-93.24	523.51	425.73	-85.36	-188.06
Free Cash Flow Per Share	-1.44	8.07	6.56	-1.32	-2.90
Gross Margin	6.74%	7.08%	8.67%	9.65%	-7.18%
Operating Margin	0.53%	-0.54%	1.61%	1.27%	-18.02%
Profit Margin	-2.91%	-3.06%	1.43%	-0.76%	-29.10%
Free Cash Flow Margin	-0.78%	5.71%	6.12%	-2.13%	-8.19%
EBITDA	132.3	22.58	184.2	114.82	-340.76
EBITDA Margin	1.10%	0.25%	2.65%	2.86%	-14.84%
D&A For EBITDA	68.81	72.34	71.93	64.01	73.14
EBIT	63.49	-49.76	112.27	50.8	-413.91
EBIT Margin	0.53%	-0.54%	1.61%	1.27%	-18.02%
Advertising Expenses	5.17	2.63	2.89	2.15	2.04

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