Smartiks Yazilim A.S. 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	200.12	265.37	241.99	107.21	36.36
Revenue Growth (YoY)	-24.59%	9.66%	125.72%	194.81%	33.68%
Cost of Revenue	59.23	48.13	47	21.42	15.73
Gross Profit	140.9	217.24	194.99	85.79	20.63
Selling, General & Admin	35.04	53.15	30	13.04	3.86
Research & Development	104.71	112.03	98.43	68.97	11.44
Other Operating Expenses	1.6	13.72	14.99	2.79	3.52
Operating Expenses	141.35	178.89	143.43	84.8	18.83
Operating Income	-0.45	38.35	51.57	0.99	1.81
Interest Expense	-41.74	-42.01	-8.45	-4.1	-1.4
Interest & Investment Income	3.21	2.53	0.52	0.35	0.13
Currency Exchange Gain (Loss)	0.34	-0.29	0.99	0	4.87
Other Non Operating Income (Expenses)	18.93	15.7	19.57	-28.21	-0.15
EBT Excluding Unusual Items	-19.72	14.28	64.19	-30.97	5.26
Gain (Loss) on Sale of Investments	-	-	-	-9.29	-
Asset Writedown	-	-	-	-	-2.03
Legal Settlements	-0.68	1.84	0.75	-4.87	-
Pretax Income	-20.4	16.12	64.94	-45.13	3.24
Income Tax Expense	-	-	-	-	-0.57
Net Income	-20.4	16.12	64.94	-45.13	3.81
Net Income to Common	-20.4	16.12	64.94	-45.13	3.81
Net Income Growth	-	-75.17%	-	-	1.99%
Shares Outstanding (Basic)	32	32	32	32	32
Shares Outstanding (Diluted)	32	32	32	32	32
EPS (Basic)	-0.64	0.51	2.04	-1.42	0.12
EPS (Diluted)	-0.64	0.51	2.04	-1.42	0.12
EPS Growth	-	-75.17%	-	-	1.99%
Free Cash Flow	199.38	204.38	105.17	45.78	24.09
Free Cash Flow Per Share	6.26	6.41	3.30	1.44	0.76
Gross Margin	70.41%	81.86%	80.58%	80.02%	56.74%
Operating Margin	-0.23%	14.45%	21.31%	0.93%	4.96%
Profit Margin	-10.19%	6.08%	26.83%	-42.09%	10.49%
Free Cash Flow Margin	99.63%	77.02%	43.46%	42.70%	66.25%
EBITDA	0.91	39.47	53.01	2.01	2.04
EBITDA Margin	0.46%	14.87%	21.91%	1.87%	5.62%
D&A For EBITDA	1.37	1.11	1.44	1.01	0.24
EBIT	-0.45	38.35	51.57	0.99	1.81
EBIT Margin	-0.23%	14.45%	21.31%	0.93%	4.96%

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