Net Holding A.S. (IST:NTHOL)

Net Holding A.S. Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	19,851	19,367	13,707	6,372	1,012	421.54
Revenue Growth (YoY)	16.09%	41.30%	115.12%	529.90%	139.96%	-54.32%
Cost of Revenue	14,345	13,773	8,272	4,212	642.57	413.42
Gross Profit	5,506	5,594	5,435	2,159	368.94	8.11
Selling, General & Admin	3,219	3,117	2,620	545.94	142.88	77.74
Other Operating Expenses	-45.26	-287.62	-72.2	215.11	119.47	97.88
Operating Expenses	3,174	2,829	2,548	761.05	262.35	175.61
Operating Income	2,332	2,765	2,887	1,398	106.59	-167.5
Interest Expense	-745.21	-1,273	-1,036	-606.78	-226.27	-164.96
Interest & Investment Income	974.09	984.64	3,668	991.33	2,508	85.83
Earnings From Equity Investments	166.45	-	-	-	-2.83	-0.84
Currency Exchange Gain (Loss)	-2,023	-772.02	-3,559	-1,583	-997.75	-301.14
Other Non Operating Income (Expenses)	3,032	3,079	5,049	1,681	-19.2	-11.21
EBT Excluding Unusual Items	3,737	4,784	7,009	1,881	1,369	-559.83
Gain (Loss) on Sale of Investments	-908.91	-1,045	-29.36	-148.59	-2.53	-0.82
Pretax Income	2,839	3,753	6,988	1,742	1,368	-559.86
Income Tax Expense	437.68	774.5	3,061	-457.67	352.66	-75.84
Earnings From Continuing Operations	2,401	2,978	3,927	2,200	1,015	-484.02
Earnings From Discontinued Operations	-	-	-	-	-	-0.23
Net Income to Company	2,401	2,978	3,927	2,200	1,015	-484.26
Minority Interest in Earnings	-179.02	-351.02	-707.21	-670.16	-104.98	-5.26
Net Income	2,222	2,627	3,220	1,530	910.01	-489.51
Net Income to Common	2,222	2,627	3,220	1,530	910.01	-489.51
Net Income Growth	-65.04%	-18.41%	110.50%	68.10%	-	-
Shares Outstanding (Basic)	523	555	564	475	472	342
Shares Outstanding (Diluted)	523	555	564	475	472	342
Shares Change (YoY)	-7.18%	-1.52%	18.76%	0.58%	38.05%	-6.71%
EPS (Basic)	4.25	4.73	5.71	3.22	1.93	-1.43
EPS (Diluted)	4.25	4.73	5.71	3.22	1.93	-1.43
EPS Growth	-62.34%	-17.15%	77.25%	67.13%	-	-
Free Cash Flow	4,451	785.34	2,086	3,523	573.89	-127.36
Free Cash Flow Per Share	8.51	1.41	3.70	7.42	1.22	-0.37
Gross Margin	27.73%	28.88%	39.65%	33.89%	36.47%	1.93%
Operating Margin	11.75%	14.27%	21.06%	21.95%	10.54%	-39.74%
Profit Margin	11.19%	13.57%	23.49%	24.01%	89.97%	-116.13%
Free Cash Flow Margin	22.42%	4.06%	15.22%	55.30%	56.74%	-30.21%
EBITDA	5,753	6,525	5,032	1,993	256.44	-19.29
EBITDA Margin	28.98%	33.69%	36.71%	31.27%	25.35%	-4.58%
D&A For EBITDA	3,422	3,761	2,145	594.13	149.85	148.21
EBIT	2,332	2,765	2,887	1,398	106.59	-167.5
EBIT Margin	11.75%	14.27%	21.06%	21.95%	10.54%	-39.74%
Effective Tax Rate	15.42%	20.64%	43.80%	-	25.79%	-
Advertising Expenses	-	214.29	171.55	102.32	24.28	13.3

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