IST:TOASO 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
Operating Revenue	319,414	157,420	184,229	124,019	29,684
Other Revenue	12,831	11,847	3,830	3,796	828.7
Revenue	332,245	169,267	188,059	127,815	30,513
Revenue Growth (YoY)	96.28%	-9.99%	47.13%	318.89%	27.23%
Cost of Revenue	301,236	142,247	151,982	109,101	24,106
Gross Profit	20,499	17,252	33,208	15,866	5,787
Selling, General & Admin	16,257	10,398	8,828	4,243	1,054
Research & Development	1,661	2,722	1,605	767.1	126.53
Other Operating Expenses	351.26	-1,264	454.08	413.73	45.32
Operating Expenses	18,270	11,856	10,888	5,424	1,226
Operating Income	2,229	5,396	22,321	10,442	4,561
Interest Expense	-2,391	-212.08	-4,623	-5,497	-636.15
Interest & Investment Income	10,593	8,417	12,693	7,176	887.21
Currency Exchange Gain (Loss)	-1,537	-892.48	-612.65	-3,491	-1,300
Other Non Operating Income (Expenses)	-55.66	-6,308	-3,300	2,175	0.05
EBT Excluding Unusual Items	8,838	6,401	26,478	10,804	3,512
Gain (Loss) on Sale of Investments	-	-	-18.7	-25.9	-
Pretax Income	8,838	6,401	26,460	10,778	3,512
Income Tax Expense	484.26	-433.87	4,682	1,404	230.9
Net Income	8,354	6,834	21,777	9,374	3,281
Net Income to Common	8,354	6,834	21,777	9,374	3,281
Net Income Growth	22.23%	-68.62%	132.31%	185.68%	83.91%
Shares Outstanding (Basic)	500	500	500	500	500
Shares Outstanding (Diluted)	500	500	500	500	500
EPS (Basic)	16.71	13.67	43.55	18.75	6.56
EPS (Diluted)	16.71	13.67	43.55	18.75	6.56
EPS Growth	22.23%	-68.62%	132.31%	185.68%	83.91%
Free Cash Flow	-6,068	-18,603	9,809	19,307	1,558
Free Cash Flow Per Share	-12.14	-37.21	19.62	38.61	3.12
Dividend Per Share	-	12.000	20.000	6.000	6.400
Dividend Growth	-	-40.00%	233.33%	-6.25%	113.33%
Gross Margin	6.17%	10.19%	17.66%	12.41%	18.97%
Operating Margin	0.67%	3.19%	11.87%	8.17%	14.95%
Profit Margin	2.51%	4.04%	11.58%	7.33%	10.75%
Free Cash Flow Margin	-1.83%	-10.99%	5.22%	15.11%	5.10%
EBITDA	7,055	9,191	25,173	13,675	5,058
EBITDA Margin	2.12%	5.43%	13.39%	10.70%	16.58%
D&A For EBITDA	4,825	3,795	2,853	3,232	496.61
EBIT	2,229	5,396	22,321	10,442	4,561
EBIT Margin	0.67%	3.19%	11.87%	8.17%	14.95%
Effective Tax Rate	5.48%	-	17.70%	13.03%	6.57%
Advertising Expenses	2,036	332.07	231.49	144.34	43.66

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.