IST:SERNT 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,634	2,064	2,841	3,922	2,772
Revenue Growth (YoY)	11.27%	-27.34%	-27.57%	41.47%	-
Cost of Revenue	1,350	998.73	1,684	2,413	1,768
Gross Profit	1,284	1,066	1,157	1,509	1,005
Selling, General & Admin	655.46	493.02	582.24	480.02	442.19
Research & Development	34.3	26.44	46.05	36.19	28.83
Other Operating Expenses	9.37	-35.91	50.6	28.98	25.2
Operating Expenses	699.13	483.55	678.89	545.19	496.22
Operating Income	584.96	581.95	478.17	963.47	508.49
Interest Expense	-1,920	-1,405	-579.91	-783.71	-454.46
Interest & Investment Income	214.81	150.67	290.23	144.46	107.8
Earnings From Equity Investments	-	-	7.71	8.54	-10.75
Currency Exchange Gain (Loss)	-194.41	-137.3	-1,087	-1,232	-2,938
Other Non Operating Income (Expenses)	1,836	1,802	2,428	2,301	2,129
EBT Excluding Unusual Items	520.86	992.93	1,537	1,402	-657.76
Gain (Loss) on Sale of Investments	-	-	-209.01	-	-
Pretax Income	520.86	992.93	1,328	1,402	-657.76
Income Tax Expense	400.63	352.51	-59.49	282.19	159.87
Net Income	120.23	640.41	1,387	1,120	-817.64
Net Income to Common	120.23	640.41	1,387	1,120	-817.64
Net Income Growth	-33.25%	-53.84%	23.91%	-	-
Shares Outstanding (Basic)	300	300	261	80	80
Shares Outstanding (Diluted)	300	300	261	80	80
Shares Change (YoY)	-33.69%	14.75%	226.79%	-	-
EPS (Basic)	0.40	2.13	5.31	14.00	-10.22
EPS (Diluted)	0.40	2.13	5.31	14.00	-10.22
EPS Growth	0.65%	-59.77%	-62.08%	-	-
Free Cash Flow	1,499	1,799	1,141	1,018	-674.7
Free Cash Flow Per Share	5.00	6.00	4.37	12.72	-8.43
Gross Margin	48.75%	51.62%	40.73%	38.47%	36.24%
Operating Margin	22.21%	28.19%	16.83%	24.57%	18.34%
Profit Margin	4.56%	31.02%	48.84%	28.55%	-29.49%
Free Cash Flow Margin	56.92%	87.16%	40.17%	25.95%	-24.34%
EBITDA	796.38	805.46	702.83	1,204	686.79
EBITDA Margin	30.23%	39.02%	24.74%	30.69%	24.77%
D&A For EBITDA	211.42	223.51	224.67	240.07	178.3
EBIT	584.96	581.95	478.17	963.47	508.49
EBIT Margin	22.21%	28.19%	16.83%	24.57%	18.34%
Effective Tax Rate	76.92%	35.50%	-	20.13%	-
Advertising Expenses	-	17.64	28.67	48.98	37.56

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