Panelsan Cati Cephe Sistemleri Sanayi Ve Ticaret A.S. (IST:PNLSN)

IST:PNLSN Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,357	2,739	3,828	2,232	605.45	316.04
Revenue Growth (YoY)	-31.18%	-28.45%	71.52%	268.66%	91.57%	44.86%
Cost of Revenue	2,074	2,361	2,994	1,894	490.39	276.46
Gross Profit	282.92	378.64	833.96	338.31	115.06	39.59
Selling, General & Admin	84.79	94.08	123.7	63.92	15.56	10.23
Research & Development	1.68	4.53	5.25	5.76	1.41	1.09
Other Operating Expenses	-8.32	-29.94	43.97	271.04	7.51	0.94
Operating Expenses	78.15	68.67	172.92	340.72	24.48	12.26
Operating Income	204.77	309.97	661.04	-2.41	90.58	27.32
Interest Expense	-8.69	-13.47	-15.99	-7.73	-7.51	-7.14
Interest & Investment Income	158.34	184.56	278.51	83.24	10.32	0.53
Currency Exchange Gain (Loss)	-50.47	-47.54	-34.78	297.7	-2.31	-1.28
Other Non Operating Income (Expenses)	-164.2	-337.91	-428.31	-238.71	-2	-1.59
EBT Excluding Unusual Items	139.74	95.61	460.47	132.1	89.07	17.84
Gain (Loss) on Sale of Investments	-39.54	-30.09	-84.96	-13.11	-2.94	-0.01
Legal Settlements	0.01	0.01	1.17	0.02	0.19	-0
Pretax Income	100.22	65.53	376.68	119.01	86.33	18.02
Income Tax Expense	85.23	1.34	41.16	38.16	20.7	3.79
Net Income	14.99	64.19	335.52	80.85	65.63	14.23
Net Income to Common	14.99	64.19	335.52	80.85	65.63	14.23
Net Income Growth	-92.72%	-80.87%	315.00%	23.19%	361.34%	422.91%
Shares Outstanding (Basic)	73	73	73	73	41	32
Shares Outstanding (Diluted)	73	73	73	73	41	32
Shares Change (YoY)	-1.49%	-	-	76.18%	29.45%	5.41%
EPS (Basic)	0.21	0.88	4.61	1.11	1.59	0.45
EPS (Diluted)	0.21	0.88	4.61	1.11	1.59	0.45
EPS Growth	-92.61%	-80.87%	315.00%	-30.08%	256.40%	396.08%
Free Cash Flow	-184.19	48.5	377.21	130.66	92.97	-5.52
Free Cash Flow Per Share	-2.53	0.67	5.18	1.79	2.25	-0.17
Dividend Per Share	0.176	0.176	0.774	0.557	-	-
Dividend Growth	-77.31%	-77.31%	38.93%	-	-	-
Gross Margin	12.00%	13.82%	21.78%	15.16%	19.00%	12.53%
Operating Margin	8.69%	11.32%	17.27%	-0.11%	14.96%	8.64%
Profit Margin	0.64%	2.34%	8.76%	3.62%	10.84%	4.50%
Free Cash Flow Margin	-7.81%	1.77%	9.85%	5.85%	15.35%	-1.75%
EBITDA	267.23	361.35	698.29	20.6	94.38	30.34
EBITDA Margin	11.34%	13.19%	18.24%	0.92%	15.59%	9.60%
D&A For EBITDA	62.45	51.38	37.24	23.01	3.81	3.02
EBIT	204.77	309.97	661.04	-2.41	90.58	27.32
EBIT Margin	8.69%	11.32%	17.27%	-0.11%	14.96%	8.64%
Effective Tax Rate	85.04%	2.04%	10.93%	32.06%	23.98%	21.04%
Advertising Expenses	-	4.81	5.53	3.93	1	0.99

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