IST:SILVR 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	1,828	2,579	2,857	3,227	977.45
Revenue Growth (YoY)	-29.13%	-9.73%	-11.45%	230.10%	74.90%
Cost of Revenue	1,692	2,326	2,856	3,171	887.72
Gross Profit	135.58	253.54	0.83	55.78	89.73
Selling, General & Admin	184.16	123.55	124.98	76.86	28.78
Research & Development	120.77	85.88	82.87	45.45	6.03
Other Operating Expenses	72.28	-37.17	-157.54	-46.34	-7.51
Operating Expenses	377.21	172.26	50.32	75.98	27.3
Operating Income	-241.63	81.28	-49.49	-20.19	62.42
Interest Expense	-95.68	-77.49	-36.19	-13.12	-6.03
Interest & Investment Income	1.62	7.84	2.04	0.14	0.01
Currency Exchange Gain (Loss)	14.38	-7.47	-366.41	-126.21	-69.76
Other Non Operating Income (Expenses)	127.28	170.12	386.78	205.85	-0.29
EBT Excluding Unusual Items	-194.04	174.28	-63.26	46.47	-13.65
Gain (Loss) on Sale of Investments	-	-	-	-	-0.08
Pretax Income	-194.04	174.28	-63.26	46.47	-13.72
Income Tax Expense	52.47	113.16	-26.72	-107.75	-5.68
Earnings From Continuing Operations	-246.51	61.12	-36.54	154.22	-8.04
Net Income	-246.51	61.12	-36.54	154.22	-8.04
Net Income to Common	-246.51	61.12	-36.54	154.22	-8.04
Shares Outstanding (Basic)	350	350	350	350	350
Shares Outstanding (Diluted)	350	350	350	350	350
EPS (Basic)	-0.70	0.17	-0.10	0.44	-0.02
EPS (Diluted)	-0.70	0.17	-0.10	0.44	-0.02
Free Cash Flow	137.02	108.98	50.38	39.91	31.92
Free Cash Flow Per Share	0.39	0.31	0.14	0.11	0.09
Gross Margin	7.42%	9.83%	0.03%	1.73%	9.18%
Operating Margin	-13.22%	3.15%	-1.73%	-0.63%	6.39%
Profit Margin	-13.48%	2.37%	-1.28%	4.78%	-0.82%
Free Cash Flow Margin	7.50%	4.23%	1.76%	1.24%	3.27%
EBITDA	-67.18	163.87	52.02	50.53	75.68
EBITDA Margin	-3.67%	6.35%	1.82%	1.57%	7.74%
D&A For EBITDA	174.45	82.59	101.51	70.72	13.26
EBIT	-241.63	81.28	-49.49	-20.19	62.42
EBIT Margin	-13.22%	3.15%	-1.73%	-0.63%	6.39%
Effective Tax Rate	-	64.93%	-	-	-
Advertising Expenses	0.37	-	-	0.04	0.03

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