IST:TBORG Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	40,761	40,911	39,462	24,751	15,142	3,675
Revenue Growth (YoY)	35.25%	3.67%	59.44%	63.46%	312.04%	41.93%
Cost of Revenue	18,540	18,305	18,886	14,755	9,373	1,797
Gross Profit	22,221	22,606	20,576	9,996	5,769	1,878
Selling, General & Admin	15,965	15,646	13,124	7,809	4,317	970.62
Other Operating Expenses	-100.93	-39.98	-69.38	-645.96	-62.55	-16
Operating Expenses	15,865	15,607	13,055	7,163	4,254	954.61
Operating Income	6,356	7,000	7,521	2,833	1,514	923.49
Interest Expense	-1,077	-999.98	-294.19	-240.41	-229.92	-29.61
Interest & Investment Income	2,560	3,029	3,166	1,853	1,470	738.05
Currency Exchange Gain (Loss)	-148.7	-148.7	-80.35	-676.11	-20.77	-10.92
Other Non Operating Income (Expenses)	-1,926	-2,301	-2,456	-730.99	-1,414	-41.75
EBT Excluding Unusual Items	5,764	6,579	7,856	3,038	1,320	1,579
Gain (Loss) on Sale of Investments	-536.01	-428.47	-115.6	-160.8	-255.53	-124.68
Pretax Income	5,228	6,150	7,740	2,878	1,065	1,455
Income Tax Expense	2,269	2,774	2,564	1,388	38.34	250.35
Net Income	2,960	3,376	5,177	1,489	1,026	1,204
Net Income to Common	2,960	3,376	5,177	1,489	1,026	1,204
Net Income Growth	-35.61%	-34.79%	247.63%	45.08%	-14.76%	129.24%
Shares Outstanding (Basic)	-	323	323	323	323	323
Shares Outstanding (Diluted)	-	323	323	323	323	323
EPS (Basic)	-	10.47	16.05	4.62	3.18	3.73
EPS (Diluted)	-	10.47	16.05	4.62	3.18	3.73
EPS Growth	-	-34.79%	247.63%	45.08%	-14.76%	129.24%
Free Cash Flow	1,836	-346.43	3,777	363.21	998.56	318.54
Free Cash Flow Per Share	-	-1.07	11.71	1.13	3.10	0.99
Dividend Per Share	-	-	7.988	3.411	-	2.481
Dividend Growth	-	-	134.21%	-	-	675.00%
Gross Margin	54.52%	55.26%	52.14%	40.38%	38.10%	51.11%
Operating Margin	15.59%	17.11%	19.06%	11.45%	10.00%	25.13%
Profit Margin	7.26%	8.25%	13.12%	6.02%	6.78%	32.77%
Free Cash Flow Margin	4.50%	-0.85%	9.57%	1.47%	6.59%	8.67%
EBITDA	10,370	10,945	11,284	5,952	3,220	1,247
EBITDA Margin	25.44%	26.75%	28.59%	24.05%	21.27%	33.92%
D&A For EBITDA	4,014	3,946	3,763	3,119	1,706	323.21
EBIT	6,356	7,000	7,521	2,833	1,514	923.49
EBIT Margin	15.59%	17.11%	19.06%	11.45%	10.00%	25.13%
Effective Tax Rate	43.39%	45.11%	33.12%	48.25%	3.60%	17.21%

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