IST:SELEC 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	172,011	168,353	141,086	85,197	26,215
Revenue Growth (YoY)	2.17%	19.33%	65.60%	225.00%	24.67%
Cost of Revenue	157,812	151,318	127,855	76,317	24,043
Gross Profit	14,199	17,035	13,231	8,880	2,171
Selling, General & Admin	10,680	10,244	6,724	4,219	1,095
Other Operating Expenses	1,481	854.92	-166.11	-86.5	38.48
Operating Expenses	12,161	11,099	6,558	4,133	1,134
Operating Income	2,038	5,936	6,673	4,747	1,038
Interest Expense	-1,160	-3,225	-1,172	-151.13	-13.75
Interest & Investment Income	5,210	6,899	2,065	393.15	203.76
Currency Exchange Gain (Loss)	13.41	0.28	2.75	-0.68	1.82
Other Non Operating Income (Expenses)	-4,875	-5,464	-6,015	-4,127	-
EBT Excluding Unusual Items	1,226	4,146	1,553	861.42	1,230
Gain (Loss) on Sale of Investments	-12.4	-4.07	-4.22	-7.25	-0.08
Legal Settlements	-8.38	-3.14	-	-1.92	-0.44
Other Unusual Items	-	-	-	24	-
Pretax Income	1,232	4,172	1,597	886.03	1,232
Income Tax Expense	1,612	1,477	1,275	250.32	309.01
Earnings From Continuing Operations	-379.8	2,695	322.29	635.71	922.72
Minority Interest in Earnings	0	-0.01	-0.01	-0.01	-0
Net Income	-379.8	2,695	322.27	635.7	922.71
Net Income to Common	-379.8	2,695	322.27	635.7	922.71
Net Income Growth	-	736.16%	-49.30%	-31.11%	57.25%
Shares Outstanding (Basic)	621	621	621	621	621
Shares Outstanding (Diluted)	621	621	621	621	621
EPS (Basic)	-0.61	4.34	0.52	1.02	1.49
EPS (Diluted)	-0.61	4.34	0.52	1.02	1.49
EPS Growth	-	736.16%	-49.30%	-31.11%	57.25%
Free Cash Flow	6,372	-12,112	1,702	-1,394	25.88
Free Cash Flow Per Share	10.26	-19.50	2.74	-2.25	0.04
Dividend Per Share	-	0.400	0.250	0.250	0.500
Dividend Growth	-	60.00%	-	-50.00%	194.12%
Gross Margin	8.25%	10.12%	9.38%	10.42%	8.28%
Operating Margin	1.19%	3.53%	4.73%	5.57%	3.96%
Profit Margin	-0.22%	1.60%	0.23%	0.75%	3.52%
Free Cash Flow Margin	3.70%	-7.20%	1.21%	-1.64%	0.10%
EBITDA	2,788	6,648	7,175	5,112	1,109
EBITDA Margin	1.62%	3.95%	5.09%	6.00%	4.23%
D&A For EBITDA	750.22	711.71	502.32	364.93	71.64
EBIT	2,038	5,936	6,673	4,747	1,038
EBIT Margin	1.19%	3.53%	4.73%	5.57%	3.96%
Effective Tax Rate	130.83%	35.41%	79.82%	28.25%	25.09%

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