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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	1,271	1,141	977.56	1,124	154.15	122.18
Other Revenue	7,682	7,218	4,928	1,209	656.36	249.46
Revenue	8,954	8,359	5,906	2,333	810.5	371.65
Revenue Growth (YoY)	31.11%	41.55%	153.18%	187.79%	118.08%	99.60%
Cost of Revenue	971.23	843.88	370.76	192.14	57.16	11.82
Gross Profit	7,982	7,515	5,535	2,140	753.34	359.82
Selling, General & Admin	1,340	1,184	710.32	329.26	158.05	85.44
Other Operating Expenses	-103.1	-84.52	-82.05	-23.62	-1.43	0.31
Operating Expenses	1,237	1,100	628.26	305.64	156.63	85.75
Operating Income	6,745	6,415	4,906	1,835	596.71	274.07
Interest Expense	-5,891	-5,529	-3,730	-1,156	-466.98	-249.94
Interest & Investment Income	151.64	123.42	92.74	21.42	4.43	3.06
Currency Exchange Gain (Loss)	-0.44	-0.51	-0.31	-0.09	-0.44	-0.46
EBT Excluding Unusual Items	1,005	1,009	1,269	699.95	133.72	26.73
Pretax Income	1,005	1,009	1,269	699.95	133.72	26.73
Income Tax Expense	255.35	261	370.07	196.75	33.35	4.73
Net Income	749.97	748.48	898.56	503.2	100.36	22
Net Income to Common	749.97	748.48	898.56	503.2	100.36	22
Net Income Growth	-12.29%	-16.70%	78.57%	401.37%	356.18%	753.75%
Shares Outstanding (Basic)	540	540	540	540	540	423
Shares Outstanding (Diluted)	540	540	540	540	540	423
Shares Change (YoY)	0.00%	-	-	-	27.53%	4.68%
EPS (Basic)	1.39	1.39	1.66	0.93	0.19	0.05
EPS (Diluted)	1.39	1.39	1.66	0.93	0.19	0.05
EPS Growth	-12.29%	-16.70%	78.57%	401.37%	257.70%	715.68%
Free Cash Flow	126.36	-817.34	-5.34	35.28	-316.07	-63.41
Free Cash Flow Per Share	0.23	-1.51	-0.01	0.07	-0.58	-0.15
Dividend Per Share	-	0.247	0.072	0.137	0.021	0.007
Dividend Growth	-	243.53%	-47.63%	563.29%	204.41%	-
Gross Margin	89.15%	89.91%	93.72%	91.76%	92.95%	96.82%
Operating Margin	75.33%	76.75%	83.08%	78.66%	73.62%	73.75%
Profit Margin	8.38%	8.95%	15.22%	21.57%	12.38%	5.92%
Free Cash Flow Margin	1.41%	-9.78%	-0.09%	1.51%	-39.00%	-17.06%
EBITDA	6,772	6,443	4,920	1,839	599.33	275.74
EBITDA Margin	75.63%	77.08%	83.31%	78.85%	73.95%	74.19%
D&A For EBITDA	26.72	27.4	13.29	4.39	2.62	1.67
EBIT	6,745	6,415	4,906	1,835	596.71	274.07
EBIT Margin	75.33%	76.75%	83.08%	78.66%	73.62%	73.75%
Effective Tax Rate	25.40%	25.86%	29.17%	28.11%	24.94%	17.70%
Revenue as Reported	8,954	8,359	5,906	2,333	810.5	371.65
Advertising Expenses	-	0.97	0.85	0.86	0.46	0.38

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