IST:ULAS Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	50.07	50.07	-	-	-	-
Cost of Revenue	49.58	49.58	-	-	-	-
Gross Profit	0.5	0.5	-	-	-	-
Selling, General & Admin	8.83	9.31	15.03	3.41	2.02	2.11
Other Operating Expenses	-1.73	-1.29	2.43	0.09	0.2	0.07
Operating Expenses	7.1	8.03	17.46	3.51	2.21	2.17
Operating Income	-6.61	-7.53	-17.46	-3.51	-2.21	-2.17
Interest Expense	-3.68	-0	-2.01	-0	-0.05	-0.15
Interest & Investment Income	62.57	32.18	86.5	61.88	26.29	11.78
Currency Exchange Gain (Loss)	0.68	0.44	15.66	6.32	7.51	-0.81
Other Non Operating Income (Expenses)	-6.16	5.97	-14.04	0.17	-2.09	-0.02
EBT Excluding Unusual Items	46.81	31.07	68.65	64.85	29.44	8.62
Gain (Loss) on Sale of Investments	-0.11	-0.13	-6.92	-0.31	-0.04	-0.04
Pretax Income	46.66	30.94	61.73	64.55	29.41	8.58
Income Tax Expense	-18.1	19.24	30.32	7.41	2.23	2.66
Earnings From Continuing Operations	64.76	11.7	31.41	57.14	27.17	5.92
Net Income	64.76	11.7	31.41	57.14	27.17	5.92
Net Income to Common	64.76	11.7	31.41	57.14	27.17	5.92
Net Income Growth	400.66%	-62.74%	-45.03%	110.29%	359.06%	-
Shares Outstanding (Basic)	25	25	25	25	25	25
Shares Outstanding (Diluted)	25	25	25	25	25	25
EPS (Basic)	2.55	0.46	1.24	2.25	1.07	0.23
EPS (Diluted)	2.55	0.46	1.24	2.25	1.07	0.23
EPS Growth	400.67%	-62.74%	-45.03%	110.29%	359.06%	-
Free Cash Flow	-26.63	-51.93	23.83	0.58	6.97	-1.07
Free Cash Flow Per Share	-1.05	-2.05	0.94	0.02	0.27	-0.04
Gross Margin	0.99%	0.99%	-	-	-	-
Operating Margin	-13.20%	-15.04%	-	-	-	-
Profit Margin	129.34%	23.37%	-	-	-	-
Free Cash Flow Margin	-53.18%	-103.72%	-	-	-	-
EBITDA	-6.24	-7.3	-17.2	-3.41	-2.1	-2.05
EBITDA Margin	-12.47%	-14.57%	-	-	-	-
D&A For EBITDA	0.36	0.23	0.26	0.1	0.11	0.13
EBIT	-6.61	-7.53	-17.46	-3.51	-2.21	-2.17
EBIT Margin	-13.20%	-15.04%	-	-	-	-
Effective Tax Rate	-	62.18%	49.12%	11.48%	7.60%	31.03%

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