IST:THYAO Income Statement

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

Millions USD. 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	23,429	22,669	20,942	18,426	10,686	6,734
Revenue Growth (YoY)	5.64%	8.25%	13.66%	72.43%	58.69%	-49.10%
Cost of Revenue	19,509	18,326	16,034	14,013	8,302	6,358
Gross Profit	3,920	4,343	4,908	4,413	2,384	376
Selling, General & Admin	2,431	2,398	2,204	1,658	1,086	878
Other Operating Expenses	-432	-226	144	-39	-84	-178
Operating Expenses	1,999	2,172	2,348	1,619	1,002	700
Operating Income	1,921	2,171	2,560	2,794	1,382	-324
Interest Expense	-517	-587	-552	-413	-365	-272
Interest & Investment Income	1,956	2,053	1,117	433	276	262
Earnings From Equity Investments	143	176	232	121	75	-87
Currency Exchange Gain (Loss)	-270	-345	-190	257	-361	-446
Other Non Operating Income (Expenses)	74	185	355	-230	23	-48
EBT Excluding Unusual Items	3,307	3,653	3,522	2,962	1,030	-915
Gain (Loss) on Sale of Investments	-108	-75	-65	-23	-7	-11
Pretax Income	3,274	3,647	3,641	2,939	1,023	-926
Income Tax Expense	536	222	-2,380	214	64	-90
Net Income	2,740	3,425	6,021	2,725	959	-836
Net Income to Common	2,740	3,425	6,021	2,725	959	-836
Net Income Growth	-53.92%	-43.12%	120.95%	184.15%	-	-
Shares Outstanding (Basic)	1,380	1,380	1,380	1,380	1,380	1,380
Shares Outstanding (Diluted)	1,380	1,380	1,380	1,380	1,380	1,380
Shares Change (YoY)	-0.00%	-0.00%	-0.00%	-	-	-
EPS (Basic)	1.99	2.48	4.36	1.97	0.69	-0.61
EPS (Diluted)	1.98	2.48	4.36	1.97	0.69	-0.61
EPS Growth	-54.05%	-43.12%	121.32%	185.51%	-	-
Free Cash Flow	1,907	2,558	3,942	4,955	2,853	-764
Free Cash Flow Per Share	1.38	1.85	2.86	3.59	2.07	-0.55
Dividend Per Share	0.195	0.195	-	-	-	-
Gross Margin	16.73%	19.16%	23.44%	23.95%	22.31%	5.58%
Operating Margin	8.20%	9.58%	12.22%	15.16%	12.93%	-4.81%
Profit Margin	11.70%	15.11%	28.75%	14.79%	8.97%	-12.41%
Free Cash Flow Margin	8.14%	11.28%	18.82%	26.89%	26.70%	-11.34%
EBITDA	2,850	3,033	3,319	3,386	1,920	140
EBITDA Margin	12.16%	13.38%	15.85%	18.38%	17.97%	2.08%
D&A For EBITDA	929	862	759	592	538	464
EBIT	1,921	2,171	2,560	2,794	1,382	-324
EBIT Margin	8.20%	9.58%	12.22%	15.16%	12.93%	-4.81%
Effective Tax Rate	16.37%	6.09%	-	7.28%	6.26%	-
Advertising Expenses	-	215	193	110	76	82

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.