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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,230	2,064	2,841	3,922	2,772
Revenue Growth (YoY)	-10.89%	-27.34%	-27.57%	41.47%	-
Cost of Revenue	1,245	998.73	1,684	2,413	1,768
Gross Profit	985.31	1,066	1,157	1,509	1,005
Selling, General & Admin	525.2	493.02	582.24	480.02	442.19
Research & Development	25.21	26.44	46.05	36.19	28.83
Other Operating Expenses	-7.19	-35.91	50.6	28.98	25.2
Operating Expenses	543.22	483.55	678.89	545.19	496.22
Operating Income	442.09	581.95	478.17	963.47	508.49
Interest Expense	-1,395	-1,405	-579.91	-783.71	-454.46
Interest & Investment Income	188.06	150.67	290.23	144.46	107.8
Earnings From Equity Investments	-	-	7.71	8.54	-10.75
Currency Exchange Gain (Loss)	-292.26	-137.3	-1,087	-1,232	-2,938
Other Non Operating Income (Expenses)	-44.52	1,802	2,428	2,301	2,129
EBT Excluding Unusual Items	-1,102	992.93	1,537	1,402	-657.76
Gain (Loss) on Sale of Investments	2.24	-	-209.01	-	-
Pretax Income	-1,100	992.93	1,328	1,402	-657.76
Income Tax Expense	246.24	352.51	-59.49	282.19	159.87
Net Income	-1,346	640.41	1,387	1,120	-817.64
Net Income to Common	-1,346	640.41	1,387	1,120	-817.64
Net Income Growth	-	-53.84%	23.91%	-	-
Shares Outstanding (Basic)	385	300	261	80	80
Shares Outstanding (Diluted)	385	300	261	80	80
Shares Change (YoY)	25.88%	14.75%	226.79%	-	-
EPS (Basic)	-3.50	2.13	5.31	14.00	-10.22
EPS (Diluted)	-3.50	2.13	5.31	14.00	-10.22
EPS Growth	-	-59.77%	-62.08%	-	-
Free Cash Flow	1,332	1,799	1,141	1,018	-674.7
Free Cash Flow Per Share	3.46	6.00	4.37	12.72	-8.43
Gross Margin	44.18%	51.62%	40.73%	38.47%	36.24%
Operating Margin	19.82%	28.19%	16.83%	24.57%	18.34%
Profit Margin	-60.35%	31.02%	48.84%	28.55%	-29.49%
Free Cash Flow Margin	59.74%	87.16%	40.17%	25.95%	-24.34%
EBITDA	634.26	805.46	702.83	1,204	686.79
EBITDA Margin	28.44%	39.02%	24.74%	30.69%	24.77%
D&A For EBITDA	192.17	223.51	224.67	240.07	178.3
EBIT	442.09	581.95	478.17	963.47	508.49
EBIT Margin	19.82%	28.19%	16.83%	24.57%	18.34%
Effective Tax Rate	-	35.50%	-	20.13%	-
Advertising Expenses	-	17.64	28.67	48.98	37.56

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