IST:TBORG Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	31,539	30,149	24,751	15,142	3,675	2,589
Revenue Growth (YoY)	-10.92%	21.81%	63.46%	312.04%	41.93%	19.26%
Cost of Revenue	13,779	14,429	14,755	9,373	1,797	1,244
Gross Profit	17,760	15,720	9,996	5,769	1,878	1,345
Selling, General & Admin	11,638	10,027	7,809	4,317	970.62	715.06
Other Operating Expenses	-77.33	-106.54	-645.96	-62.55	-16	-6.31
Operating Expenses	11,560	9,920	7,163	4,254	954.61	708.75
Operating Income	6,200	5,800	2,833	1,514	923.49	635.97
Interest Expense	-442.6	-224.75	-240.41	-229.92	-29.61	-62.09
Interest & Investment Income	2,929	2,418	1,853	1,470	738.05	195.8
Currency Exchange Gain (Loss)	-114.92	-114.92	-676.11	-20.77	-10.92	1.56
Other Non Operating Income (Expenses)	-2,647	-1,877	-730.99	-1,414	-41.75	-19.51
EBT Excluding Unusual Items	5,925	6,002	3,038	1,320	1,579	751.74
Gain (Loss) on Sale of Investments	-269.55	-88.32	-160.8	-255.53	-124.68	-75.25
Pretax Income	5,655	5,914	2,878	1,065	1,455	676.49
Income Tax Expense	1,924	1,959	1,388	38.34	250.35	151.16
Net Income	3,731	3,955	1,489	1,026	1,204	525.32
Net Income to Common	3,731	3,955	1,489	1,026	1,204	525.32
Net Income Growth	-4.35%	165.58%	45.08%	-14.76%	129.24%	20.09%
Shares Outstanding (Basic)	323	323	323	323	323	323
Shares Outstanding (Diluted)	323	323	323	323	323	323
EPS (Basic)	11.57	12.26	4.62	3.18	3.73	1.63
EPS (Diluted)	11.57	12.26	4.62	3.18	3.73	1.63
EPS Growth	-4.35%	165.58%	45.08%	-14.76%	129.24%	20.09%
Free Cash Flow	-2,752	2,886	363.21	998.56	318.54	544.12
Free Cash Flow Per Share	-8.53	8.95	1.13	3.10	0.99	1.69
Dividend Per Share	7.988	7.988	3.411	-	2.481	0.320
Dividend Growth	134.21%	134.21%	-	-	675.00%	-
Gross Margin	56.31%	52.14%	40.38%	38.10%	51.11%	51.94%
Operating Margin	19.66%	19.24%	11.45%	10.00%	25.13%	24.56%
Profit Margin	11.83%	13.12%	6.02%	6.78%	32.77%	20.29%
Free Cash Flow Margin	-8.72%	9.57%	1.47%	6.59%	8.67%	21.02%
EBITDA	9,149	8,674	5,952	3,220	1,247	882.22
EBITDA Margin	29.01%	28.77%	24.05%	21.27%	33.92%	34.07%
D&A For EBITDA	2,949	2,875	3,119	1,706	323.21	246.25
EBIT	6,200	5,800	2,833	1,514	923.49	635.97
EBIT Margin	19.66%	19.24%	11.45%	10.00%	25.13%	24.56%
Effective Tax Rate	34.02%	33.12%	48.25%	3.60%	17.21%	22.35%

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