Tat Gida Sanayi 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	8,190	8,289	8,304	5,249	1,092
Revenue Growth (YoY)	-1.19%	-0.18%	58.22%	380.74%	35.97%
Cost of Revenue	6,881	7,426	7,785	4,782	774.39
Gross Profit	1,309	863.17	518.79	466.37	317.37
Selling, General & Admin	908.94	1,341	1,276	836.8	182.7
Research & Development	21.44	31.52	23.03	9.79	1.78
Other Operating Expenses	-216.32	-351.36	-365.72	-145.38	-14.68
Operating Expenses	714.05	1,021	933.37	701.21	169.79
Operating Income	594.78	-158.24	-414.58	-234.84	147.58
Interest Expense	-895.51	-1,279	-1,132	-375.53	-38.79
Interest & Investment Income	151.78	48.69	100.05	49.61	18.12
Currency Exchange Gain (Loss)	-328.1	-72.15	297.84	64.08	32.18
Other Non Operating Income (Expenses)	686.6	1,035	1,070	433.61	-0.94
EBT Excluding Unusual Items	209.55	-425.26	-78.92	-63.06	158.14
Gain (Loss) on Sale of Investments	-7.78	-	-	-	-0.21
Legal Settlements	-8.27	-9.9	-9.97	-2.36	-3.64
Pretax Income	193.51	-435.16	-88.89	-65.43	154.3
Income Tax Expense	61.35	95.44	35.63	83.93	-3.33
Earnings From Continuing Operations	132.16	-530.59	-124.52	-149.36	157.63
Earnings From Discontinued Operations	-	-	-	-	65.56
Net Income	132.16	-530.59	-124.52	-149.36	223.19
Net Income to Common	132.16	-530.59	-124.52	-149.36	223.19
Net Income Growth	-	-	-	-	33.43%
Shares Outstanding (Basic)	245	136	136	136	136
Shares Outstanding (Diluted)	245	136	136	136	136
Shares Change (YoY)	80.00%	-	-	-	-
EPS (Basic)	0.54	-3.90	-0.92	-1.10	1.64
EPS (Diluted)	0.54	-3.90	-0.92	-1.10	1.64
EPS Growth	-	-	-	-	33.43%
Free Cash Flow	1,121	1,419	808.16	-2,840	-202.57
Free Cash Flow Per Share	4.58	10.43	5.94	-20.89	-1.49
Dividend Per Share	-	-	-	-	0.335
Gross Margin	15.98%	10.41%	6.25%	8.89%	29.07%
Operating Margin	7.26%	-1.91%	-4.99%	-4.47%	13.52%
Profit Margin	1.61%	-6.40%	-1.50%	-2.85%	20.44%
Free Cash Flow Margin	13.69%	17.12%	9.73%	-54.12%	-18.55%
EBITDA	829.01	105.14	-218.48	-128.4	161.7
EBITDA Margin	10.12%	1.27%	-2.63%	-2.45%	14.81%
D&A For EBITDA	234.23	263.38	196.1	106.43	14.12
EBIT	594.78	-158.24	-414.58	-234.84	147.58
EBIT Margin	7.26%	-1.91%	-4.99%	-4.47%	13.52%
Effective Tax Rate	31.70%	-	-	-	-
Advertising Expenses	50.91	78.11	78.53	-	29.9

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