IST:OBASE 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	855.96	968.82	592.57	343.42	104.77
Revenue Growth (YoY)	-11.65%	63.49%	72.55%	227.79%	-
Cost of Revenue	658.81	834.54	550.39	301.95	80.82
Gross Profit	197.14	134.29	42.19	41.47	23.95
Selling, General & Admin	113.34	118.37	97.28	57.78	12.66
Research & Development	39.68	26.06	-	0.23	-
Other Operating Expenses	-11.46	-15.86	-4.8	-2.01	-0.55
Operating Expenses	141.56	128.57	92.47	56.01	12.11
Operating Income	55.58	5.72	-50.29	-14.53	11.84
Interest Expense	-53.18	-23.01	-8.3	-7.58	-1.54
Interest & Investment Income	30.81	45.32	46.91	25.12	1.22
Currency Exchange Gain (Loss)	7.12	3.37	19.47	11.19	3.63
Other Non Operating Income (Expenses)	7.8	-44.96	-70.45	-24.96	-
EBT Excluding Unusual Items	48.14	-13.57	-62.67	-10.77	15.15
Gain (Loss) on Sale of Investments	-	-	-2.03	-0	-
Pretax Income	48.14	-13.57	-64.7	-10.77	15.15
Income Tax Expense	41.55	51.03	-23.55	-5.55	-2.38
Earnings From Continuing Operations	6.59	-64.6	-41.15	-5.22	17.53
Minority Interest in Earnings	0.06	0.24	0.46	1.01	0.45
Net Income	6.65	-64.36	-40.7	-4.21	17.97
Net Income to Common	6.65	-64.36	-40.7	-4.21	17.97
Shares Outstanding (Basic)	46	46	46	46	46
Shares Outstanding (Diluted)	46	46	46	46	46
EPS (Basic)	0.15	-1.41	-0.89	-0.09	0.39
EPS (Diluted)	0.15	-1.41	-0.89	-0.09	0.39
Free Cash Flow	162.03	127.53	38.87	44.99	20.4
Free Cash Flow Per Share	3.56	2.80	0.85	0.99	0.45
Gross Margin	23.03%	13.86%	7.12%	12.08%	22.86%
Operating Margin	6.49%	0.59%	-8.49%	-4.23%	11.30%
Profit Margin	0.78%	-6.64%	-6.87%	-1.23%	17.15%
Free Cash Flow Margin	18.93%	13.16%	6.56%	13.10%	19.47%
EBITDA	61.06	12.57	-44.41	-10.32	12.52
EBITDA Margin	7.13%	1.30%	-7.49%	-3.01%	11.95%
D&A For EBITDA	5.48	6.85	5.88	4.21	0.68
EBIT	55.58	5.72	-50.29	-14.53	11.84
EBIT Margin	6.49%	0.59%	-8.49%	-4.23%	11.30%
Effective Tax Rate	86.31%	-	-	-	-
Advertising Expenses	3.16	6.29	7.31	4.81	1.79

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