IST:SRVGY 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
Rental Revenue	4,030	1,276	1,423	1,578	414.24
Total Revenue	4,030	1,276	1,423	1,578	414.24
Revenue Growth (YoY	215.79%	-10.34%	-9.81%	280.99%	-68.29%
Property Expenses	1,193	463.06	427.1	573.07	231.04
Selling, General & Administrative	188.14	116.43	97.06	74.36	23.91
Other Operating Expenses	100.5	8.81	-4.23	-25.37	15.1
Total Operating Expenses	1,481	588.3	519.93	622.06	270.06
Operating Income	2,549	687.91	903.47	956.12	144.18
Interest Expense	-149.55	-144.49	-1,412	-285.48	-49.67
Interest & Investment Income	262.48	13.65	372.68	-	1,647
Currency Exchange Gain (Loss)	-	-	-	-1,267	-842.23
Other Non-Operating Income	195.13	-461.16	6,260	1,766	-
EBT Excluding Unusual Items	2,857	95.91	6,124	1,170	898.81
Asset Writedown	3,776	5,768	1,889	4,143	-
Pretax Income	6,633	5,864	8,013	5,313	898.81
Income Tax Expense	2,608	2,210	732.9	594.75	210.21
Earnings From Continuing Operations	4,025	3,654	7,280	4,718	688.6
Minority Interest in Earnings	-686.25	-1,668	-45.1	-9.16	-16.24
Net Income	3,339	1,986	7,235	4,709	672.36
Net Income to Common	3,339	1,986	7,235	4,709	672.36
Net Income Growth	68.11%	-72.55%	53.64%	600.33%	-25.59%
Basic Shares Outstanding	3,250	3,250	3,250	3,250	3,250
Diluted Shares Outstanding	3,250	3,250	3,250	3,250	3,250
EPS (Basic)	1.03	0.61	2.23	1.45	0.21
EPS (Diluted)	1.03	0.61	2.23	1.45	0.21
EPS Growth	68.11%	-72.55%	53.64%	600.33%	-25.59%
Operating Margin	63.25%	53.90%	63.47%	60.58%	34.80%
Profit Margin	82.84%	155.62%	508.26%	298.36%	162.31%
EBITDA	2,556	691.41	905.87	958.19	144.26
EBITDA Margin	63.42%	54.18%	63.64%	60.71%	34.83%
D&A For Ebitda	7.18	3.5	2.4	2.07	0.09
EBIT	2,549	687.91	903.47	956.12	144.18
EBIT Margin	63.25%	53.90%	63.47%	60.58%	34.80%
Effective Tax Rate	39.32%	37.69%	9.15%	11.20%	23.39%

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