IST:PASEU 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	2,453	1,951	1,025	1,022	295.85
Revenue Growth (YoY)	25.73%	90.28%	0.28%	245.54%	422.06%
Cost of Revenue	2,148	1,534	859.88	794.73	261.38
Gross Profit	304.09	416.37	165.23	227.57	34.47
Selling, General & Admin	229.25	133.82	91.41	51.38	15.09
Other Operating Expenses	4.52	12.57	17.4	0.37	0.26
Operating Expenses	233.77	146.39	108.81	51.75	15.35
Operating Income	70.33	269.98	56.42	175.82	19.12
Interest Expense	-167.02	-51.01	-23.24	-3.51	-0.9
Interest & Investment Income	296.07	297.26	557.55	2.46	0.32
Earnings From Equity Investments	1,041	-	-	-	-
Currency Exchange Gain (Loss)	76.6	59.84	60.2	7.42	4.49
Other Non Operating Income (Expenses)	-181.23	-251.94	-181.58	-38.28	-0.28
EBT Excluding Unusual Items	1,135	324.12	469.35	143.91	22.75
Legal Settlements	-6.69	-1.44	-1.28	-	-
Pretax Income	1,129	322.68	468.08	143.91	22.75
Income Tax Expense	47.43	54.03	127.71	39.11	6.48
Earnings From Continuing Operations	1,081	268.64	340.37	104.8	16.27
Minority Interest in Earnings	18.25	1.36	-	-	-
Net Income	1,100	270.01	340.37	104.8	16.27
Net Income to Common	1,100	270.01	340.37	104.8	16.27
Net Income Growth	307.22%	-20.67%	224.78%	544.08%	525.79%
Shares Outstanding (Basic)	672	672	672	65	84
Shares Outstanding (Diluted)	672	672	672	65	84
Shares Change (YoY)	-	-	934.45%	-22.66%	-
EPS (Basic)	1.64	0.40	0.51	1.61	0.19
EPS (Diluted)	1.64	0.40	0.51	1.61	0.19
EPS Growth	307.22%	-20.67%	-68.60%	732.83%	525.80%
Free Cash Flow	-626.42	-223.86	-761.05	64.4	-12.61
Free Cash Flow Per Share	-0.93	-0.33	-1.13	0.99	-0.15
Gross Margin	12.40%	21.35%	16.12%	22.26%	11.65%
Operating Margin	2.87%	13.84%	5.50%	17.20%	6.46%
Profit Margin	44.83%	13.84%	33.20%	10.25%	5.50%
Free Cash Flow Margin	-25.54%	-11.48%	-74.24%	6.30%	-4.26%
EBITDA	88.17	286.02	64.22	179.13	19.61
EBITDA Margin	3.60%	14.66%	6.26%	17.52%	6.63%
D&A For EBITDA	17.84	16.04	7.8	3.32	0.49
EBIT	70.33	269.98	56.42	175.82	19.12
EBIT Margin	2.87%	13.84%	5.50%	17.20%	6.46%
Effective Tax Rate	4.20%	16.74%	27.28%	27.18%	28.48%
Advertising Expenses	1.92	5.3	3.02	1.32	1.28

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.