IST:TSGYO 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
Rental Revenue	218.76	211.32	152.05	93.6	30.14
Other Revenue	33.33	18.99	1.41	6.55	1.24
Total Revenue	252.09	230.31	153.47	100.14	31.37
Revenue Growth (YoY	9.46%	50.07%	53.25%	219.19%	41.35%
Property Expenses	123.15	119.07	81.91	48.3	9.9
Selling, General & Administrative	55.45	51.76	39.6	18.18	5.65
Other Operating Expenses	-0.85	-0.48	-3.78	-1.82	1.32
Total Operating Expenses	177.75	170.36	117.73	64.66	16.87
Operating Income	74.34	59.95	35.73	35.48	14.51
Interest Expense	-105.67	-52.8	-0.07	-	-12.87
Interest & Investment Income	33.73	60.8	26.47	-	-
Currency Exchange Gain (Loss)	-0.05	-0.02	-0.46	-0.08	-16.89
Other Non-Operating Income	-5.15	-40.42	-29.53	-11.5	0.01
EBT Excluding Unusual Items	-2.8	27.52	32.15	23.9	-15.24
Asset Writedown	143.19	266.78	485.22	958.79	140.12
Pretax Income	140.39	294.3	517.37	982.69	124.88
Income Tax Expense	124.77	323.66	-	-	-
Net Income	15.62	-29.36	517.37	982.69	124.88
Net Income to Common	15.62	-29.36	517.37	982.69	124.88
Net Income Growth	-	-	-47.35%	686.91%	-
Basic Shares Outstanding	650	650	650	650	541
Diluted Shares Outstanding	650	650	650	650	541
Shares Change (YoY)	-	-	-	20.13%	49.35%
EPS (Basic)	0.02	-0.05	0.80	1.51	0.23
EPS (Diluted)	0.02	-0.05	0.80	1.51	0.23
EPS Growth	-	-	-47.35%	555.07%	-
Operating Margin	29.49%	26.03%	23.28%	35.43%	46.24%
Profit Margin	6.20%	-12.75%	337.12%	981.28%	398.04%
EBITDA	76.57	61.5	36.53	35.72	14.6
EBITDA Margin	30.38%	26.70%	23.80%	35.67%	46.53%
D&A For Ebitda	2.23	1.54	0.8	0.24	0.09
EBIT	74.34	59.95	35.73	35.48	14.51
EBIT Margin	29.49%	26.03%	23.28%	35.43%	46.24%
Effective Tax Rate	88.88%	109.98%	-	-	-

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