IST:ORMA 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	4,464	4,464	4,625	3,676	957.07
Revenue Growth (YoY)	0.02%	-3.49%	25.80%	284.14%	88.17%
Cost of Revenue	3,899	3,865	3,705	2,885	721.91
Gross Profit	565.91	598.7	920.58	791.3	235.16
Selling, General & Admin	340.32	549.29	509.97	385.14	91.32
Other Operating Expenses	12.7	23.21	-10.38	-46.14	-1.11
Operating Expenses	353.02	572.5	499.59	339	90.2
Operating Income	212.89	26.2	420.99	452.3	144.96
Interest Expense	-541.53	-464.91	-451	-223.95	-112.17
Interest & Investment Income	79.18	14.38	194.91	106.78	57.34
Earnings From Equity Investments	-7.4	-0.95	4.67	0.75	-0.37
Currency Exchange Gain (Loss)	-193.69	-121.55	-229.17	-290.33	-203.99
Other Non Operating Income (Expenses)	580.94	345.17	824.53	713.17	-
EBT Excluding Unusual Items	130.39	-201.67	764.93	758.71	-114.22
Gain (Loss) on Sale of Investments	-	-	-	-290.04	-0
Pretax Income	130.39	-201.67	764.93	468.67	-114.23
Income Tax Expense	151.82	-635.56	264.26	-193.77	-30.29
Net Income	-21.43	433.88	500.67	662.43	-83.94
Net Income to Common	-21.43	433.88	500.67	662.43	-83.94
Net Income Growth	-	-13.34%	-24.42%	-	-
Shares Outstanding (Basic)	27	27	27	27	27
Shares Outstanding (Diluted)	27	27	27	27	27
EPS (Basic)	-0.79	15.95	18.41	24.35	-3.09
EPS (Diluted)	-0.79	15.95	18.41	24.35	-3.09
EPS Growth	-	-13.34%	-24.42%	-	-
Free Cash Flow	205.58	-270.79	289.31	-24.4	-454.59
Free Cash Flow Per Share	7.56	-9.96	10.64	-0.90	-16.71
Gross Margin	12.68%	13.41%	19.90%	21.52%	24.57%
Operating Margin	4.77%	0.59%	9.10%	12.30%	15.15%
Profit Margin	-0.48%	9.72%	10.82%	18.02%	-8.77%
Free Cash Flow Margin	4.61%	-6.07%	6.25%	-0.66%	-47.50%
EBITDA	436.29	238.84	482.95	543.49	173.09
EBITDA Margin	9.77%	5.35%	10.44%	14.78%	18.09%
D&A For EBITDA	223.41	212.64	61.96	91.18	28.13
EBIT	212.89	26.2	420.99	452.3	144.96
EBIT Margin	4.77%	0.59%	9.10%	12.30%	15.15%
Effective Tax Rate	116.44%	-	34.55%	-	-
Advertising Expenses	13.31	4.86	6.82	2.49	0.09

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