Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S. (IST:SMRTG)

IST:SMRTG Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9,029	11,678	11,685	3,973	846.11	579.7
Revenue Growth (YoY)	-36.58%	-0.06%	194.09%	369.59%	45.96%	44.28%
Cost of Revenue	7,051	9,403	9,018	3,367	711.57	459.36
Gross Profit	1,978	2,274	2,667	606.34	134.55	120.34
Selling, General & Admin	688.38	789.84	728.88	186.03	44.45	25.53
Other Operating Expenses	51.99	1.9	54.22	-1.1	-21.08	29.36
Operating Expenses	769.99	805.23	803.52	198.89	29.66	54.9
Operating Income	1,208	1,469	1,864	407.45	104.89	65.44
Interest Expense	-1,779	-1,628	-598.72	-69.66	-60.4	-38.88
Interest & Investment Income	295.72	147.85	341.49	35.49	73.86	49.89
Currency Exchange Gain (Loss)	-1,584	-707.93	4.75	22.28	-18.8	-17.57
Other Non Operating Income (Expenses)	820.05	417.92	-224.15	-282.88	-3.1	-
Pretax Income	-1,039	-301.05	1,387	112.67	96.45	58.88
Income Tax Expense	-306.3	-735.01	-110.87	42.83	12.11	1.14
Earnings From Continuing Operations	-732.65	433.95	1,498	69.84	84.35	57.74
Minority Interest in Earnings	5.65	7.18	-20.84	18.88	-4.34	-2.81
Net Income	-727	441.13	1,477	88.72	80.01	54.93
Net Income to Common	-727	441.13	1,477	88.72	80.01	54.93
Net Income Growth	-	-70.13%	1564.82%	10.88%	45.65%	427.93%
Shares Outstanding (Basic)	606	606	407	470	505	505
Shares Outstanding (Diluted)	606	606	407	470	505	505
Shares Change (YoY)	-0.09%	48.84%	-13.38%	-6.93%	-	-
EPS (Basic)	-1.20	0.73	3.63	0.19	0.16	0.11
EPS (Diluted)	-1.20	0.73	3.63	0.19	0.16	0.11
EPS Growth	-	-79.93%	1821.96%	19.14%	45.65%	-
Free Cash Flow	-964.93	-1,213	-4,541	-493.62	-76.42	-7.49
Free Cash Flow Per Share	-1.59	-2.00	-11.15	-1.05	-0.15	-0.01
Gross Margin	21.91%	19.48%	22.82%	15.26%	15.90%	20.76%
Operating Margin	13.38%	12.58%	15.95%	10.26%	12.40%	11.29%
Profit Margin	-8.05%	3.78%	12.64%	2.23%	9.46%	9.48%
Free Cash Flow Margin	-10.69%	-10.39%	-38.86%	-12.42%	-9.03%	-1.29%
EBITDA	1,612	1,640	1,986	440.49	111.93	72.7
EBITDA Margin	17.86%	14.05%	16.99%	11.09%	13.23%	12.54%
D&A For EBITDA	404.52	171.21	122.27	33.04	7.03	7.26
EBIT	1,208	1,469	1,864	407.45	104.89	65.44
EBIT Margin	13.38%	12.58%	15.95%	10.26%	12.40%	11.29%
Effective Tax Rate	-	-	-	38.02%	12.55%	1.93%
Advertising Expenses	-	58.93	59.69	17.59	2.15	0.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.