IST:NIBAS 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	104.93	88.73	81.39	145.2	44.83
Revenue Growth (YoY)	18.26%	9.02%	-43.95%	223.92%	67.81%
Cost of Revenue	64.82	72.39	55.08	111.26	40.84
Gross Profit	40.11	16.34	26.31	33.94	3.98
Selling, General & Admin	39.22	33.58	26.17	24.16	7.34
Other Operating Expenses	-1.27	-10.82	-3.13	0.14	-2.27
Operating Expenses	37.95	22.75	23.04	24.3	5.07
Operating Income	2.16	-6.42	3.27	9.64	-1.09
Interest Expense	-10.29	-8.53	-4.36	-0.6	-0.24
Interest & Investment Income	58.82	15.71	132.65	4.83	39.63
Earnings From Equity Investments	-1.26	-0.01	-0.61	0.51	0.06
Currency Exchange Gain (Loss)	-5.37	-1.13	-10.53	-0.83	-1.67
Other Non Operating Income (Expenses)	20.49	30.64	2.44	-2.47	-0.05
EBT Excluding Unusual Items	64.56	30.26	122.87	11.07	36.65
Gain (Loss) on Sale of Investments	-515.52	-14.21	-11.94	-28.88	-0.19
Pretax Income	-450.96	16.05	110.93	-16.73	36.46
Income Tax Expense	-51.33	41.12	59.46	-0.75	6.9
Net Income	-399.64	-25.08	51.47	-15.97	29.56
Net Income to Common	-399.64	-25.08	51.47	-15.97	29.56
Shares Outstanding (Basic)	324	324	324	324	324
Shares Outstanding (Diluted)	324	324	324	324	324
EPS (Basic)	-1.23	-0.08	0.16	-0.05	0.09
EPS (Diluted)	-1.23	-0.08	0.16	-0.05	0.09
Free Cash Flow	-135.54	-9.06	-28.24	-39.03	-0.62
Free Cash Flow Per Share	-0.42	-0.03	-0.09	-0.12	-0.00
Gross Margin	38.22%	18.41%	32.32%	23.37%	8.89%
Operating Margin	2.06%	-7.23%	4.02%	6.64%	-2.43%
Profit Margin	-380.86%	-28.27%	63.24%	-11.00%	65.95%
Free Cash Flow Margin	-129.17%	-10.21%	-34.69%	-26.88%	-1.38%
EBITDA	6.38	-2.37	5.76	12.96	0.06
EBITDA Margin	6.08%	-2.67%	7.07%	8.93%	0.14%
D&A For EBITDA	4.22	4.05	2.49	3.32	1.15
EBIT	2.16	-6.42	3.27	9.64	-1.09
EBIT Margin	2.06%	-7.23%	4.02%	6.64%	-2.43%
Effective Tax Rate	-	256.31%	53.60%	-	18.92%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.