IST:PAPIL Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	233.09	234.08	107.02	73.26	29.4	26.75
Revenue Growth (YoY)	41.91%	118.72%	46.08%	149.22%	9.88%	54.99%
Cost of Revenue	129.32	153.9	55.53	55.72	24.13	22.22
Gross Profit	103.77	80.17	51.49	17.54	5.27	4.53
Selling, General & Admin	42.93	47.7	49.14	39.35	10.76	7.83
Other Operating Expenses	0.66	-0.04	4.79	0.27	0.36	0.14
Operating Expenses	43.59	47.66	53.92	39.63	11.13	7.97
Operating Income	60.17	32.51	-2.43	-22.09	-5.86	-3.44
Interest Expense	-0.62	-3.97	-0.81	-0.69	-0.65	-0.4
Interest & Investment Income	24.43	49.33	146.58	56.7	3.67	3.11
Currency Exchange Gain (Loss)	38.33	15.16	44.62	14.45	34.09	9.29
Other Non Operating Income (Expenses)	20.11	-108.86	-97.11	-93.19	0.08	2.08
EBT Excluding Unusual Items	142.43	-15.83	90.85	-44.82	31.33	10.64
Legal Settlements	-	-	-	-0.59	-	-
Pretax Income	-10.99	-15.83	90.85	-45.4	31.33	10.64
Income Tax Expense	-3.32	3.55	12.66	3.26	6.67	1.19
Net Income	-7.67	-19.38	78.18	-48.66	24.66	9.45
Net Income to Common	-7.67	-19.38	78.18	-48.66	24.66	9.45
Net Income Growth	-	-	-	-	161.03%	14.19%
Shares Outstanding (Basic)	206	206	206	206	206	206
Shares Outstanding (Diluted)	206	206	206	206	206	206
Shares Change (YoY)	-0.46%	-	-	-0.26%	-	13.63%
EPS (Basic)	-0.04	-0.09	0.38	-0.24	0.12	0.05
EPS (Diluted)	-0.04	-0.09	0.38	-0.24	0.12	0.05
EPS Growth	-	-	-	-	161.03%	0.49%
Free Cash Flow	317.87	125.02	46.26	14.54	18.19	-2.88
Free Cash Flow Per Share	1.54	0.61	0.23	0.07	0.09	-0.01
Dividend Per Share	-	-	0.010	0.010	0.002	0.002
Dividend Growth	-	-	-	546.67%	-37.50%	-
Gross Margin	44.52%	34.25%	48.12%	23.94%	17.91%	16.93%
Operating Margin	25.82%	13.89%	-2.27%	-30.14%	-19.94%	-12.87%
Profit Margin	-3.29%	-8.28%	73.05%	-66.42%	83.89%	35.32%
Free Cash Flow Margin	136.38%	53.41%	43.22%	19.85%	61.88%	-10.76%
EBITDA	59.61	33.9	-0.63	-20.65	-5.49	-3.07
EBITDA Margin	25.57%	14.48%	-0.59%	-28.19%	-18.66%	-11.49%
D&A For EBITDA	-0.56	1.39	1.8	1.43	0.38	0.37
EBIT	60.17	32.51	-2.43	-22.09	-5.86	-3.44
EBIT Margin	25.82%	13.89%	-2.27%	-30.14%	-19.94%	-12.87%
Effective Tax Rate	-	-	13.94%	-	21.30%	11.22%

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