Ulusal Faktoring A.S. (IST:ULUFA)

Ulusal Faktoring A.S. 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
Operating Revenue	944.42	977.56	1,124	154.15	122.18	52.07
Other Revenue	6,403	4,928	1,209	656.36	249.46	134.12
Revenue	7,347	5,906	2,333	810.5	371.65	186.19
Revenue Growth (YoY)	85.79%	153.18%	187.79%	118.08%	99.60%	-28.61%
Cost of Revenue	626.88	370.76	192.14	57.16	11.82	5.06
Gross Profit	6,720	5,535	2,140	753.34	359.82	181.13
Selling, General & Admin	988.09	710.32	329.26	158.05	85.44	69.49
Other Operating Expenses	-88.48	-82.05	-23.62	-1.43	0.31	-5.7
Operating Expenses	899.62	628.26	305.64	156.63	85.75	63.8
Operating Income	5,821	4,906	1,835	596.71	274.07	117.34
Interest Expense	-4,858	-3,730	-1,156	-466.98	-249.94	-113.8
Interest & Investment Income	108.47	92.74	21.42	4.43	3.06	1.64
Currency Exchange Gain (Loss)	-0.47	-0.31	-0.09	-0.44	-0.46	-0.14
EBT Excluding Unusual Items	1,071	1,269	699.95	133.72	26.73	5.04
Pretax Income	1,071	1,269	699.95	133.72	26.73	5.04
Income Tax Expense	301.76	370.07	196.75	33.35	4.73	2.46
Net Income	769.28	898.56	503.2	100.36	22	2.58
Net Income to Common	769.28	898.56	503.2	100.36	22	2.58
Net Income Growth	6.77%	78.57%	401.37%	356.18%	753.75%	-86.30%
Shares Outstanding (Basic)	540	540	540	540	423	404
Shares Outstanding (Diluted)	540	540	540	540	423	404
Shares Change (YoY)	-	-	-	27.53%	4.68%	-
EPS (Basic)	1.42	1.66	0.93	0.19	0.05	0.01
EPS (Diluted)	1.42	1.66	0.93	0.19	0.05	0.01
EPS Growth	6.77%	78.57%	401.37%	257.70%	715.68%	-86.30%
Free Cash Flow	178.41	-5.34	35.28	-316.07	-63.41	2.23
Free Cash Flow Per Share	0.33	-0.01	0.07	-0.58	-0.15	0.01
Dividend Per Share	0.291	0.291	0.137	0.021	0.007	-
Dividend Growth	111.87%	111.87%	563.29%	204.41%	-	-
Gross Margin	91.47%	93.72%	91.76%	92.95%	96.82%	97.28%
Operating Margin	79.22%	83.08%	78.66%	73.62%	73.75%	63.02%
Profit Margin	10.47%	15.22%	21.57%	12.38%	5.92%	1.38%
Free Cash Flow Margin	2.43%	-0.09%	1.51%	-39.00%	-17.06%	1.20%
EBITDA	5,848	4,920	1,839	599.33	275.74	118.52
EBITDA Margin	79.60%	83.31%	78.85%	73.95%	74.19%	63.65%
D&A For EBITDA	27.35	13.29	4.39	2.62	1.67	1.18
EBIT	5,821	4,906	1,835	596.71	274.07	117.34
EBIT Margin	79.22%	83.08%	78.66%	73.62%	73.75%	63.02%
Effective Tax Rate	28.17%	29.17%	28.11%	24.94%	17.70%	48.86%
Revenue as Reported	7,347	5,906	2,333	810.5	371.65	186.19
Advertising Expenses	-	0.85	0.86	0.46	0.38	-

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