Türkiye Petrol Rafinerileri A.S. (IST:TUPRS)

IST:TUPRS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	661,889	810,386	991,203	916,751	152,492	63,244
Revenue Growth (YoY)	-39.93%	-18.24%	8.12%	501.18%	141.12%	-29.42%
Cost of Revenue	604,905	742,355	832,772	803,671	136,632	61,480
Gross Profit	56,984	68,030	158,431	113,080	15,860	1,764
Selling, General & Admin	22,856	26,622	27,830	15,945	3,061	1,824
Research & Development	282.75	320.75	404.21	214.08	38.97	34.97
Other Operating Expenses	-1,403	-3,384	-2,206	-4,152	-561.37	22.14
Operating Expenses	21,736	23,558	26,028	12,007	2,539	1,882
Operating Income	35,247	44,472	132,402	101,073	13,321	-117.32
Interest Expense	-9,884	-9,398	-6,617	-6,841	-2,658	-1,754
Interest & Investment Income	18,367	27,515	17,467	2,958	2,083	580.65
Earnings From Equity Investments	1,594	1,442	1,518	-15.54	592.99	-29.62
Currency Exchange Gain (Loss)	-5,740	-12,135	-44,951	-33,029	-9,846	-1,312
Other Non Operating Income (Expenses)	-9,037	-20,136	-16,338	11,912	-1,135	-1,164
EBT Excluding Unusual Items	30,548	31,761	83,480	76,056	2,358	-3,795
Gain (Loss) on Sale of Investments	-10.85	-15.61	-	-7,548	-	-
Pretax Income	30,537	31,746	83,480	68,508	2,358	-3,795
Income Tax Expense	9,891	12,712	5,700	6,963	-1,255	-1,372
Earnings From Continuing Operations	20,646	19,034	77,780	61,545	3,613	-2,423
Minority Interest in Earnings	-571.51	-718.48	-425.67	-231.52	-118.39	-70.59
Net Income	20,075	18,315	77,354	61,314	3,495	-2,494
Net Income to Common	20,075	18,315	77,354	61,314	3,495	-2,494
Net Income Growth	-71.76%	-76.32%	26.16%	1654.41%	-	-
Shares Outstanding (Basic)	1,927	1,927	1,927	1,459	1,927	1,753
Shares Outstanding (Diluted)	1,927	1,927	1,927	1,459	1,927	1,753
Shares Change (YoY)	-	-	32.02%	-24.25%	9.92%	-
EPS (Basic)	10.42	9.51	40.15	42.01	1.81	-1.42
EPS (Diluted)	10.42	9.51	40.15	42.01	1.81	-1.42
EPS Growth	-71.76%	-76.32%	-4.44%	2216.18%	-	-
Free Cash Flow	24,667	21,460	105,227	77,195	-2,800	1,031
Free Cash Flow Per Share	12.80	11.14	54.61	52.89	-1.45	0.59
Dividend Per Share	19.722	19.722	17.905	6.487	-	-
Dividend Growth	10.14%	10.14%	176.00%	-	-	-
Gross Margin	8.61%	8.39%	15.98%	12.34%	10.40%	2.79%
Operating Margin	5.33%	5.49%	13.36%	11.03%	8.74%	-0.19%
Profit Margin	3.03%	2.26%	7.80%	6.69%	2.29%	-3.94%
Free Cash Flow Margin	3.73%	2.65%	10.62%	8.42%	-1.84%	1.63%
EBITDA	44,788	53,777	140,559	107,046	14,127	581.04
EBITDA Margin	6.77%	6.64%	14.18%	11.68%	9.26%	0.92%
D&A For EBITDA	9,540	9,305	8,157	5,973	805.54	698.36
EBIT	35,247	44,472	132,402	101,073	13,321	-117.32
EBIT Margin	5.33%	5.49%	13.36%	11.03%	8.74%	-0.18%
Effective Tax Rate	32.39%	40.04%	6.83%	10.16%	-	-
Advertising Expenses	-	535.58	331.46	161.13	30.67	29.91

Updated Feb 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.