IST:PAPIL 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	137.6	234.08	107.02	73.26	29.4
Revenue Growth (YoY)	-41.22%	118.72%	46.08%	149.22%	9.88%
Cost of Revenue	69.78	153.9	55.53	55.72	24.13
Gross Profit	67.82	80.17	51.49	17.54	5.27
Selling, General & Admin	64.77	47.7	49.14	39.35	10.76
Other Operating Expenses	-16.21	-0.04	4.79	0.27	0.36
Operating Expenses	48.56	47.66	53.92	39.63	11.13
Operating Income	19.26	32.51	-2.43	-22.09	-5.86
Interest Expense	-36.71	-3.97	-0.81	-0.69	-0.65
Interest & Investment Income	73.57	49.33	146.58	56.7	3.67
Currency Exchange Gain (Loss)	-	15.16	44.62	14.45	34.09
Other Non Operating Income (Expenses)	30.86	-108.86	-97.11	-93.19	0.08
EBT Excluding Unusual Items	86.98	-15.83	90.85	-44.82	31.33
Gain (Loss) on Sale of Investments	-184.2	-	-	-	-
Legal Settlements	-	-	-	-0.59	-
Pretax Income	-97.21	-15.83	90.85	-45.4	31.33
Income Tax Expense	-7.95	3.55	12.66	3.26	6.67
Net Income	-89.27	-19.38	78.18	-48.66	24.66
Net Income to Common	-89.27	-19.38	78.18	-48.66	24.66
Net Income Growth	-	-	-	-	161.03%
Shares Outstanding (Basic)	-	206	206	206	206
Shares Outstanding (Diluted)	-	206	206	206	206
Shares Change (YoY)	-	-	-	-0.26%	-
EPS (Basic)	-	-0.09	0.38	-0.24	0.12
EPS (Diluted)	-	-0.09	0.38	-0.24	0.12
EPS Growth	-	-	-	-	161.03%
Free Cash Flow	137.57	125.02	46.26	14.54	18.19
Free Cash Flow Per Share	-	0.61	0.23	0.07	0.09
Dividend Per Share	-	-	0.010	0.010	0.002
Dividend Growth	-	-	-	546.67%	-37.50%
Gross Margin	49.29%	34.25%	48.12%	23.94%	17.91%
Operating Margin	14.00%	13.89%	-2.27%	-30.14%	-19.94%
Profit Margin	-64.88%	-8.28%	73.05%	-66.42%	83.89%
Free Cash Flow Margin	99.98%	53.41%	43.22%	19.85%	61.88%
EBITDA	46.43	33.9	-0.63	-20.65	-5.49
EBITDA Margin	33.75%	14.48%	-0.59%	-28.19%	-18.66%
D&A For EBITDA	27.17	1.39	1.8	1.43	0.38
EBIT	19.26	32.51	-2.43	-22.09	-5.86
EBIT Margin	14.00%	13.89%	-2.27%	-30.14%	-19.94%
Effective Tax Rate	-	-	13.94%	-	21.30%

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