IST:SERNT 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	2,860	2,702	2,841	3,922	2,772
Revenue Growth (YoY)	5.86%	-4.89%	-27.57%	41.47%	-
Cost of Revenue	1,771	1,307	1,684	2,413	1,768
Gross Profit	1,089	1,395	1,157	1,509	1,005
Selling, General & Admin	684.97	645.73	582.24	480.02	442.19
Research & Development	28.28	34.61	46.05	36.19	28.83
Other Operating Expenses	-2.12	-147.25	50.6	28.98	25.2
Operating Expenses	711.13	533.1	678.89	545.19	496.22
Operating Income	378.11	861.57	478.17	963.47	508.49
Interest Expense	-1,591	-1,831	-579.91	-783.71	-454.46
Interest & Investment Income	402.66	197.22	290.23	144.46	107.8
Earnings From Equity Investments	-	-	7.71	8.54	-10.75
Currency Exchange Gain (Loss)	-897.21	-286.82	-1,087	-1,232	-2,938
Other Non Operating Income (Expenses)	389.66	2,359	2,428	2,301	2,129
EBT Excluding Unusual Items	-1,318	1,300	1,537	1,402	-657.76
Gain (Loss) on Sale of Investments	-13.46	-	-209.01	-	-
Legal Settlements	0.31	-0.52	-	-	-
Pretax Income	-1,331	1,300	1,328	1,402	-657.76
Income Tax Expense	325.7	461.41	-59.49	282.19	159.87
Net Income	-1,656	838.25	1,387	1,120	-817.64
Net Income to Common	-1,656	838.25	1,387	1,120	-817.64
Net Income Growth	-	-39.58%	23.91%	-	-
Shares Outstanding (Basic)	395	393	261	80	80
Shares Outstanding (Diluted)	395	393	261	80	80
Shares Change (YoY)	0.52%	50.20%	226.79%	-	-
EPS (Basic)	-4.20	2.13	5.31	14.00	-10.22
EPS (Diluted)	-4.20	2.13	5.31	14.00	-10.22
EPS Growth	-	-59.77%	-62.08%	-	-
Free Cash Flow	1,186	2,355	1,141	1,018	-674.7
Free Cash Flow Per Share	3.01	6.00	4.37	12.72	-8.43
Gross Margin	38.08%	51.62%	40.73%	38.47%	36.24%
Operating Margin	13.22%	31.89%	16.83%	24.57%	18.34%
Profit Margin	-57.91%	31.02%	48.84%	28.55%	-29.49%
Free Cash Flow Margin	41.48%	87.16%	40.17%	25.95%	-24.34%
EBITDA	696.96	1,154	702.83	1,204	686.79
EBITDA Margin	24.37%	42.71%	24.74%	30.69%	24.77%
D&A For EBITDA	318.85	292.56	224.67	240.07	178.3
EBIT	378.11	861.57	478.17	963.47	508.49
EBIT Margin	13.22%	31.89%	16.83%	24.57%	18.34%
Effective Tax Rate	-	35.50%	-	20.13%	-
Advertising Expenses	33.42	23.09	28.67	48.98	37.56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.