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	306.39	107.02	73.26	29.4
Revenue Growth (YoY)	-55.09%	186.28%	46.08%	149.22%	9.88%
Cost of Revenue	69.78	201.45	55.53	55.72	24.13
Gross Profit	67.82	104.94	51.49	17.54	5.27
Selling, General & Admin	63.9	62.43	49.14	39.35	10.76
Other Operating Expenses	5.94	0.32	4.79	0.27	0.36
Operating Expenses	69.84	62.75	53.92	39.63	11.13
Operating Income	-2.02	42.19	-2.43	-22.09	-5.86
Interest Expense	-29.61	-5.2	-0.81	-0.69	-0.65
Interest & Investment Income	100.2	64.54	146.58	56.7	3.67
Currency Exchange Gain (Loss)	42.5	19.68	44.62	14.45	34.09
Other Non Operating Income (Expenses)	-24.09	-142.49	-97.11	-93.19	0.08
EBT Excluding Unusual Items	86.98	-21.29	90.85	-44.82	31.33
Gain (Loss) on Sale of Investments	-184.2	-	-	-	-
Asset Writedown	-	0.57	-	-	-
Legal Settlements	-	-	-	-0.59	-
Pretax Income	-97.21	-20.72	90.85	-45.4	31.33
Income Tax Expense	-7.95	4.64	12.66	3.26	6.67
Net Income	-89.27	-25.36	78.18	-48.66	24.66
Net Income to Common	-89.27	-25.36	78.18	-48.66	24.66
Net Income Growth	-	-	-	-	161.03%
Shares Outstanding (Basic)	206	206	206	206	206
Shares Outstanding (Diluted)	206	206	206	206	206
Shares Change (YoY)	-	0.27%	-	-0.26%	-
EPS (Basic)	-0.43	-0.12	0.38	-0.24	0.12
EPS (Diluted)	-0.43	-0.12	0.38	-0.24	0.12
EPS Growth	-	-	-	-	161.03%
Free Cash Flow	137.57	214.11	46.26	14.54	18.19
Free Cash Flow Per Share	0.67	1.04	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	-1.47%	13.77%	-2.27%	-30.14%	-19.94%
Profit Margin	-64.88%	-8.28%	73.05%	-66.42%	83.89%
Free Cash Flow Margin	99.98%	69.88%	43.22%	19.85%	61.88%
EBITDA	0.09	68.87	-0.63	-20.65	-5.49
EBITDA Margin	0.06%	22.48%	-0.59%	-28.19%	-18.66%
D&A For EBITDA	2.11	26.68	1.8	1.43	0.38
EBIT	-2.02	42.19	-2.43	-22.09	-5.86
EBIT Margin	-1.47%	13.77%	-2.27%	-30.14%	-19.94%
Effective Tax Rate	-	-	13.94%	-	21.30%

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