IST:SANFM Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	822.8	864.39	1,020	610.79	144.49	109.37
Revenue Growth (YoY)	-28.72%	-15.23%	66.95%	322.71%	32.11%	16.51%
Cost of Revenue	518.46	760.19	817.84	487.31	112.12	86.26
Gross Profit	304.34	104.2	201.86	123.48	32.37	23.11
Selling, General & Admin	139.98	141.7	94.43	51.35	12.7	8.76
Other Operating Expenses	8.29	-6.04	-4.75	2.12	-5.9	-2.81
Operating Expenses	148.27	135.66	89.68	53.47	6.8	5.95
Operating Income	156.07	-31.46	112.19	70.01	25.57	17.16
Interest Expense	-24.9	-39.67	-82.18	-23.95	-9.62	-7.66
Interest & Investment Income	39.57	130.67	89.91	32.68	21.69	4.01
Currency Exchange Gain (Loss)	-65.81	1.6	-64.03	-16.11	-1.05	-4.66
Other Non Operating Income (Expenses)	-42.66	15.05	12.62	16.48	-0.51	-0.53
EBT Excluding Unusual Items	62.27	76.19	68.51	79.1	36.08	8.31
Gain (Loss) on Sale of Investments	-0.24	-0.24	-	-	-	-
Gain (Loss) on Sale of Assets	1.43	0.1	-	0.58	0.23	0.07
Asset Writedown	-7.52	-7.52	-4.81	-	-	-
Pretax Income	55.94	68.53	63.7	79.68	36.31	8.38
Income Tax Expense	47.39	19.56	-0.4	23.23	5.22	1.3
Earnings From Continuing Operations	8.54	48.97	64.11	56.45	31.09	7.08
Minority Interest in Earnings	-5.5	-1.76	-0.71	0.27	-0.28	0.06
Net Income	3.05	47.2	63.4	56.72	30.81	7.14
Net Income to Common	3.05	47.2	63.4	56.72	30.81	7.14
Net Income Growth	-97.29%	-25.54%	11.78%	84.06%	331.54%	96.00%
Shares Outstanding (Basic)	375	375	375	375	375	375
Shares Outstanding (Diluted)	375	375	375	375	375	375
EPS (Basic)	0.01	0.13	0.17	0.15	0.08	0.02
EPS (Diluted)	0.01	0.13	0.17	0.15	0.08	0.02
EPS Growth	-97.29%	-25.54%	11.78%	84.06%	331.55%	96.00%
Free Cash Flow	-224.18	-150.21	-190.63	-38.19	6.95	2.4
Free Cash Flow Per Share	-0.60	-0.40	-0.51	-0.10	0.02	0.01
Dividend Per Share	0.040	0.040	0.008	0.008	-	-
Dividend Growth	400.00%	400.00%	-	-	-	-
Gross Margin	36.99%	12.05%	19.80%	20.22%	22.40%	21.13%
Operating Margin	18.97%	-3.64%	11.00%	11.46%	17.70%	15.69%
Profit Margin	0.37%	5.46%	6.22%	9.29%	21.33%	6.53%
Free Cash Flow Margin	-27.25%	-17.38%	-18.69%	-6.25%	4.81%	2.19%
EBITDA	176.62	-11.7	131.29	77.07	27.38	18.4
EBITDA Margin	21.47%	-1.35%	12.88%	12.62%	18.95%	16.82%
D&A For EBITDA	20.55	19.76	19.1	7.06	1.81	1.24
EBIT	156.07	-31.46	112.19	70.01	25.57	17.16
EBIT Margin	18.97%	-3.64%	11.00%	11.46%	17.70%	15.69%
Effective Tax Rate	84.72%	28.55%	-	29.16%	14.38%	15.53%
Advertising Expenses	-	0.03	0.03	0.07	0.15	0.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.