IST:SARAE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	9,507	7,045	14,322	12,991
Revenue Growth	-	-50.81%	10.25%	-
Cost of Revenue	7,127	5,058	10,882	9,914
Gross Profit	2,381	1,987	3,441	3,077
Selling, General & Admin	811.25	549.15	706.73	869.72
Research & Development	51.17	30.28	13.74	5.74
Other Operating Expenses	22.1	-14.65	149.1	438.74
Operating Expenses	884.52	564.78	869.57	1,314
Operating Income	1,496	1,423	2,571	1,762
Interest Expense	-1,110	-618.8	-576.48	-506.65
Interest & Investment Income	817.87	740.82	86.99	58.01
Currency Exchange Gain (Loss)	-899.43	-1,227	-230.08	-2,251
Other Non Operating Income (Expenses)	546.51	434.59	119.78	2,819
EBT Excluding Unusual Items	851.31	751.85	1,971	1,882
Gain (Loss) on Sale of Investments	-1.23	-1.95	-6.83	-2.13
Legal Settlements	-4.96	-4.96	-	-38.58
Pretax Income	865.82	760.62	1,969	1,858
Income Tax Expense	-203.06	397.51	160.14	-54.61
Net Income	1,069	363.11	1,809	1,912
Net Income to Common	1,069	363.11	1,809	1,912
Net Income Growth	-	-79.92%	-5.42%	-
Shares Outstanding (Basic)	400	400	100	50
Shares Outstanding (Diluted)	400	400	100	50
Shares Change	-	300.00%	100.00%	-
EPS (Basic)	2.67	0.91	18.09	38.25
EPS (Diluted)	2.67	0.91	18.09	38.25
EPS Growth	-	-94.98%	-52.71%	-
Free Cash Flow	-761.59	-1,308	1,620	1,595
Free Cash Flow Per Share	-1.90	-3.27	16.20	31.91
Gross Margin	25.04%	28.21%	24.02%	23.68%
Operating Margin	15.74%	20.19%	17.95%	13.57%
Profit Margin	11.24%	5.15%	12.63%	14.72%
Free Cash Flow Margin	-8.01%	-18.57%	11.31%	12.28%
EBITDA	1,952	1,887	2,754	1,955
EBITDA Margin	20.53%	26.78%	19.23%	15.05%
D&A For EBITDA	455.36	464.25	183.25	192.4
EBIT	1,496	1,423	2,571	1,762
EBIT Margin	15.74%	20.19%	17.95%	13.57%
Effective Tax Rate	-	52.26%	8.13%	-
Advertising Expenses	-	2.61	3.32	4.26