Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S. (IST:SAYAS)

IST:SAYAS 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,671	1,677	1,318	1,212	347.94	151.67
Revenue Growth (YoY)	-6.55%	27.29%	8.73%	248.29%	129.41%	115.48%
Cost of Revenue	1,371	1,371	981.26	849.13	265.06	116.52
Gross Profit	299.72	306.03	336.37	362.71	82.88	35.15
Selling, General & Admin	158.13	164.5	87.7	84.54	15.86	7.26
Research & Development	-	-	-	-	-	1.63
Other Operating Expenses	-99.31	-29.17	-16.1	-9.04	-2.3	-0.51
Operating Expenses	58.83	135.33	71.61	75.5	13.56	8.38
Operating Income	240.89	170.69	264.76	287.21	69.31	26.77
Interest Expense	-89.75	-35.82	-32.93	-3.04	-1.03	-1.22
Interest & Investment Income	63.23	98.58	215.1	6.63	1.61	3.1
Currency Exchange Gain (Loss)	19.17	26.37	125.47	62.88	18.56	-5.07
Other Non Operating Income (Expenses)	-83.31	-221.96	-326.35	-135.92	-0.2	-0.24
EBT Excluding Unusual Items	150.23	37.86	246.06	217.75	88.26	23.34
Gain (Loss) on Sale of Investments	-4.13	-2.26	-0.04	-	-0	-0.01
Legal Settlements	-0.3	-0.28	3.39	-3.98	0.01	-0.05
Pretax Income	145.8	35.32	249.41	213.78	88.27	23.28
Income Tax Expense	67.61	15.78	75.39	68.4	21.79	4.61
Earnings From Continuing Operations	78.19	19.54	174.02	145.38	66.48	18.67
Minority Interest in Earnings	-0.01	0	0.02	-0.06	-0.03	-0.02
Net Income	78.17	19.54	174.04	145.32	66.44	18.65
Net Income to Common	78.17	19.54	174.04	145.32	66.44	18.65
Net Income Growth	-15.45%	-88.77%	19.77%	118.70%	256.35%	-
Shares Outstanding (Basic)	77	77	77	77	77	77
Shares Outstanding (Diluted)	77	77	77	77	77	77
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	1.01	0.25	2.25	1.88	0.86	0.24
EPS (Diluted)	1.01	0.25	2.25	1.88	0.86	0.24
EPS Growth	-15.44%	-88.77%	19.77%	118.70%	256.35%	-
Free Cash Flow	32.54	-76.59	43.42	118.86	34.04	-23.12
Free Cash Flow Per Share	0.42	-0.99	0.56	1.54	0.44	-0.30
Gross Margin	17.94%	18.25%	25.53%	29.93%	23.82%	23.18%
Operating Margin	14.42%	10.18%	20.09%	23.70%	19.92%	17.65%
Profit Margin	4.68%	1.17%	13.21%	11.99%	19.10%	12.29%
Free Cash Flow Margin	1.95%	-4.57%	3.30%	9.81%	9.78%	-15.25%
EBITDA	284.53	194.42	282.21	299.87	72.07	29.23
EBITDA Margin	17.03%	11.59%	21.42%	24.75%	20.71%	19.27%
D&A For EBITDA	43.64	23.73	17.45	12.66	2.75	2.45
EBIT	240.89	170.69	264.76	287.21	69.31	26.77
EBIT Margin	14.42%	10.18%	20.09%	23.70%	19.92%	17.65%
Effective Tax Rate	46.37%	44.67%	30.23%	32.00%	24.69%	19.81%

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