IST:SANFM 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	1,151	1,131	1,020	610.79	144.49
Revenue Growth (YoY)	1.72%	10.96%	66.95%	322.71%	32.11%
Cost of Revenue	885.57	995.7	817.84	487.31	112.12
Gross Profit	265.3	135.72	201.86	123.48	32.37
Selling, General & Admin	156.47	184.8	94.43	51.35	12.7
Other Operating Expenses	-25.36	-7.9	-4.75	2.12	-5.9
Operating Expenses	131.11	176.9	89.68	53.47	6.8
Operating Income	134.19	-41.18	112.19	70.01	25.57
Interest Expense	-58.67	-51.92	-82.18	-23.95	-9.62
Interest & Investment Income	55.78	171.04	89.91	32.68	21.69
Currency Exchange Gain (Loss)	-45.77	2.09	-64.03	-16.11	-1.05
Other Non Operating Income (Expenses)	-37.19	19.7	12.62	16.48	-0.51
EBT Excluding Unusual Items	48.35	99.73	68.51	79.1	36.08
Gain (Loss) on Sale of Investments	-	-0.31	-	-	-
Gain (Loss) on Sale of Assets	3.62	0.12	-	0.58	0.23
Asset Writedown	-	-9.84	-4.81	-	-
Pretax Income	51.97	89.7	63.7	79.68	36.31
Income Tax Expense	49.63	25.61	-0.4	23.23	5.22
Earnings From Continuing Operations	2.33	64.09	64.11	56.45	31.09
Minority Interest in Earnings	-0.53	-2.31	-0.71	0.27	-0.28
Net Income	1.8	61.79	63.4	56.72	30.81
Net Income to Common	1.8	61.79	63.4	56.72	30.81
Net Income Growth	-97.08%	-2.54%	11.78%	84.06%	331.54%
Shares Outstanding (Basic)	375	375	375	375	375
Shares Outstanding (Diluted)	375	375	375	375	375
EPS (Basic)	0.00	0.16	0.17	0.15	0.08
EPS (Diluted)	0.00	0.16	0.17	0.15	0.08
EPS Growth	-97.08%	-2.54%	11.78%	84.06%	331.55%
Free Cash Flow	-255.88	-196.62	-190.63	-38.19	6.95
Free Cash Flow Per Share	-0.68	-0.52	-0.51	-0.10	0.02
Dividend Per Share	-	0.040	0.008	0.008	-
Dividend Growth	-	400.00%	-	-	-
Gross Margin	23.05%	12.00%	19.80%	20.22%	22.40%
Operating Margin	11.66%	-3.64%	11.00%	11.46%	17.70%
Profit Margin	0.16%	5.46%	6.22%	9.29%	21.33%
Free Cash Flow Margin	-22.23%	-17.38%	-18.69%	-6.25%	4.81%
EBITDA	164.59	-15.32	131.29	77.07	27.38
EBITDA Margin	14.30%	-1.35%	12.88%	12.62%	18.95%
D&A For EBITDA	30.4	25.86	19.1	7.06	1.81
EBIT	134.19	-41.18	112.19	70.01	25.57
EBIT Margin	11.66%	-3.64%	11.00%	11.46%	17.70%
Effective Tax Rate	95.51%	28.55%	-	29.16%	14.38%
Advertising Expenses	0.1	0.04	0.03	0.07	0.15

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