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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,932	11,678	11,685	3,973	846.11	579.7
Revenue Growth (YoY)	-39.06%	-0.06%	194.09%	369.59%	45.96%	44.28%
Cost of Revenue	6,506	9,403	9,018	3,367	711.57	459.36
Gross Profit	1,426	2,274	2,667	606.34	134.55	120.34
Selling, General & Admin	554.79	789.84	728.88	186.03	44.45	25.53
Other Operating Expenses	-252.62	1.9	54.22	-1.1	-21.08	29.36
Operating Expenses	309.11	805.23	803.52	198.89	29.66	54.9
Operating Income	1,117	1,469	1,864	407.45	104.89	65.44
Interest Expense	-1,870	-1,628	-598.72	-69.66	-60.4	-38.88
Interest & Investment Income	149.4	147.85	341.49	35.49	73.86	49.89
Currency Exchange Gain (Loss)	-864.3	-707.93	4.75	22.28	-18.8	-17.57
Other Non Operating Income (Expenses)	650.88	417.92	-224.15	-282.88	-3.1	-
Pretax Income	-825.44	-301.05	1,387	112.67	96.45	58.88
Income Tax Expense	-812.91	-735.01	-110.87	42.83	12.11	1.14
Earnings From Continuing Operations	-12.53	433.95	1,498	69.84	84.35	57.74
Minority Interest in Earnings	7.83	7.18	-20.84	18.88	-4.34	-2.81
Net Income	-4.7	441.13	1,477	88.72	80.01	54.93
Net Income to Common	-4.7	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	407	470	505	505
Shares Outstanding (Diluted)	-	606	407	470	505	505
Shares Change (YoY)	-	48.84%	-13.38%	-6.93%	-	-
EPS (Basic)	-	0.73	3.63	0.19	0.16	0.11
EPS (Diluted)	-	0.73	3.63	0.19	0.16	0.11
EPS Growth	-	-79.93%	1821.96%	19.14%	45.65%	-
Free Cash Flow	-1,502	-1,213	-4,541	-493.62	-76.42	-7.49
Free Cash Flow Per Share	-	-2.00	-11.15	-1.05	-0.15	-0.01
Gross Margin	17.98%	19.48%	22.82%	15.26%	15.90%	20.76%
Operating Margin	14.08%	12.58%	15.95%	10.26%	12.40%	11.29%
Profit Margin	-0.06%	3.78%	12.64%	2.23%	9.46%	9.48%
Free Cash Flow Margin	-18.94%	-10.39%	-38.86%	-12.42%	-9.03%	-1.29%
EBITDA	1,475	1,640	1,986	440.49	111.93	72.7
EBITDA Margin	18.59%	14.05%	16.99%	11.09%	13.23%	12.54%
D&A For EBITDA	358.12	171.21	122.27	33.04	7.03	7.26
EBIT	1,117	1,469	1,864	407.45	104.89	65.44
EBIT Margin	14.08%	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.