IST:THYAO Income Statement

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

Millions USD. 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	24,096	22,669	20,942	18,426	10,686
Revenue Growth (YoY)	6.30%	8.25%	13.66%	72.43%	58.69%
Cost of Revenue	20,187	18,326	16,034	14,013	8,302
Gross Profit	3,909	4,343	4,908	4,413	2,384
Selling, General & Admin	2,369	2,398	2,204	1,658	1,086
Other Operating Expenses	-382	-231	161	-39	-84
Operating Expenses	1,987	2,167	2,365	1,619	1,002
Operating Income	1,922	2,176	2,543	2,794	1,382
Interest Expense	-496	-598	-552	-413	-365
Interest & Investment Income	1,922	2,059	1,134	433	276
Earnings From Equity Investments	109	176	232	121	75
Currency Exchange Gain (Loss)	-85	-345	-190	257	-361
Other Non Operating Income (Expenses)	8	185	355	-230	23
EBT Excluding Unusual Items	3,380	3,653	3,522	2,962	1,030
Gain (Loss) on Sale of Investments	-69	-75	-65	-23	-7
Pretax Income	3,402	3,647	3,641	2,939	1,023
Income Tax Expense	494	222	-2,380	214	64
Earnings From Continuing Operations	2,908	3,425	6,021	2,725	959
Minority Interest in Earnings	2	-	-	-	-
Net Income	2,910	3,425	6,021	2,725	959
Net Income to Common	2,910	3,425	6,021	2,725	959
Net Income Growth	-15.04%	-43.12%	120.95%	184.15%	-
Shares Outstanding (Basic)	1,380	1,380	1,380	1,380	1,380
Shares Outstanding (Diluted)	1,380	1,380	1,380	1,380	1,380
Shares Change (YoY)	-0.00%	-0.00%	-0.00%	-	-
EPS (Basic)	2.11	2.48	4.36	1.97	0.69
EPS (Diluted)	2.11	2.48	4.36	1.97	0.69
EPS Growth	-14.97%	-43.12%	121.32%	185.51%	-
Free Cash Flow	2,281	3,202	3,942	4,955	2,853
Free Cash Flow Per Share	1.65	2.32	2.86	3.59	2.07
Dividend Per Share	-	0.195	-	-	-
Gross Margin	16.22%	19.16%	23.44%	23.95%	22.31%
Operating Margin	7.98%	9.60%	12.14%	15.16%	12.93%
Profit Margin	12.08%	15.11%	28.75%	14.79%	8.97%
Free Cash Flow Margin	9.47%	14.12%	18.82%	26.89%	26.70%
EBITDA	2,886	3,038	3,302	3,386	1,920
EBITDA Margin	11.98%	13.40%	15.77%	18.38%	17.97%
D&A For EBITDA	964	862	759	592	538
EBIT	1,922	2,176	2,543	2,794	1,382
EBIT Margin	7.98%	9.60%	12.14%	15.16%	12.93%
Effective Tax Rate	14.52%	6.09%	-	7.28%	6.26%
Advertising Expenses	175	215	193	110	76

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