IST:TUREX 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
Revenue	7,924	6,952	4,786	2,430	591.12
Revenue Growth (YoY)	13.99%	45.26%	96.97%	311.02%	25.94%
Cost of Revenue	6,085	5,744	3,674	2,002	478.67
Gross Profit	1,839	1,208	1,112	427.84	112.46
Selling, General & Admin	446.32	397.05	256.81	108.07	32.26
Other Operating Expenses	21.82	47.88	29.78	1.45	11.24
Operating Expenses	468.14	444.93	286.58	109.51	43.51
Operating Income	1,371	762.64	825.24	318.33	68.95
Interest Expense	-298.07	-344.56	-116.93	-47.64	-12.25
Interest & Investment Income	226.18	218.37	42.23	35.39	22.16
Earnings From Equity Investments	-18.05	-4.72	2.62	-1.15	-0.04
Currency Exchange Gain (Loss)	0.1	-0.83	4.98	0.12	-0.48
Other Non Operating Income (Expenses)	-24.99	289.84	-1.98	-155.09	-1.46
EBT Excluding Unusual Items	1,256	920.73	756.16	149.95	76.88
Gain (Loss) on Sale of Investments	-	-	-1.75	-	-
Legal Settlements	-23.75	-13.42	-10.76	-2.36	-2.23
Pretax Income	1,232	907.32	743.65	147.59	74.65
Income Tax Expense	620.41	627.72	67.5	126.49	22.18
Earnings From Continuing Operations	611.79	279.6	676.15	21.1	52.46
Minority Interest in Earnings	-2.85	4.24	-1.6	1.76	-0.12
Net Income	608.94	283.84	674.55	22.86	52.34
Net Income to Common	608.94	283.84	674.55	22.86	52.34
Net Income Growth	114.54%	-57.92%	2850.27%	-56.32%	-13.13%
Shares Outstanding (Basic)	984	1,080	1,080	1,080	1,060
Shares Outstanding (Diluted)	984	1,080	1,080	1,080	1,060
Shares Change (YoY)	-8.88%	-	-	1.88%	31.58%
EPS (Basic)	0.62	0.26	0.62	0.02	0.05
EPS (Diluted)	0.60	0.26	0.62	0.02	0.05
EPS Growth	130.77%	-58.06%	3000.00%	-59.49%	-33.98%
Free Cash Flow	211.3	-347.23	-233.84	-65.87	-18.02
Free Cash Flow Per Share	0.21	-0.32	-0.22	-0.06	-0.02
Gross Margin	23.21%	17.37%	23.23%	17.61%	19.02%
Operating Margin	17.30%	10.97%	17.24%	13.10%	11.66%
Profit Margin	7.69%	4.08%	14.09%	0.94%	8.86%
Free Cash Flow Margin	2.67%	-5.00%	-4.89%	-2.71%	-3.05%
EBITDA	2,181	1,434	1,079	409.28	102.06
EBITDA Margin	27.53%	20.63%	22.54%	16.84%	17.27%
D&A For EBITDA	810.52	671.31	253.5	90.95	33.11
EBIT	1,371	762.64	825.24	318.33	68.95
EBIT Margin	17.30%	10.97%	17.24%	13.10%	11.66%
Effective Tax Rate	50.35%	69.18%	9.08%	85.70%	29.72%

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