IST:ULUSE 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	7,249	6,484	6,248	4,256	955.39
Revenue Growth (YoY)	11.81%	3.77%	46.80%	345.51%	44.55%
Cost of Revenue	6,451	6,476	5,310	3,928	891.52
Gross Profit	798.9	7.52	938.63	328.6	63.88
Selling, General & Admin	1,008	936.72	974.69	546.25	48.07
Research & Development	37.07	30.25	26.46	28.2	-
Other Operating Expenses	-97.62	-100.11	-140.16	-242.35	11.55
Operating Expenses	947.83	866.86	861	332.1	59.62
Operating Income	-148.93	-859.34	77.64	-3.5	4.26
Interest Expense	-170.42	-192.33	-236.97	-200.11	-13.84
Interest & Investment Income	12.09	22.12	42.02	2.52	4.08
Currency Exchange Gain (Loss)	-630.7	-475.65	-624.07	-159.48	-10.16
Other Non Operating Income (Expenses)	741.84	662.4	103.6	129.51	-31.34
EBT Excluding Unusual Items	-196.12	-842.79	-637.78	-231.05	-46.99
Merger & Restructuring Charges	-	-	-	-	-29.7
Gain (Loss) on Sale of Investments	-15.57	-7.42	-19.78	-	-
Pretax Income	-211.69	-850.21	-657.56	-231.05	-76.69
Income Tax Expense	29.33	96.29	1.16	-138.27	-2.24
Earnings From Continuing Operations	-241.03	-946.5	-658.72	-92.78	-74.45
Minority Interest in Earnings	0.01	0.07	0.52	0.38	0.04
Net Income	-241.02	-946.43	-658.2	-92.4	-74.41
Net Income to Common	-241.02	-946.43	-658.2	-92.4	-74.41
Shares Outstanding (Basic)	80	80	80	80	80
Shares Outstanding (Diluted)	80	80	80	80	80
EPS (Basic)	-3.01	-11.83	-8.23	-1.15	-0.93
EPS (Diluted)	-3.01	-11.83	-8.23	-1.15	-0.93
Free Cash Flow	213.75	-386.88	-177.27	-159.03	-186.88
Free Cash Flow Per Share	2.67	-4.84	-2.22	-1.99	-2.34
Gross Margin	11.02%	0.12%	15.02%	7.72%	6.69%
Operating Margin	-2.05%	-13.25%	1.24%	-0.08%	0.45%
Profit Margin	-3.33%	-14.60%	-10.53%	-2.17%	-7.79%
Free Cash Flow Margin	2.95%	-5.97%	-2.84%	-3.74%	-19.56%
EBITDA	7.21	-688.77	206.85	89.33	18.42
EBITDA Margin	0.10%	-10.62%	3.31%	2.10%	1.93%
D&A For EBITDA	156.14	170.56	129.21	92.83	14.16
EBIT	-148.93	-859.34	77.64	-3.5	4.26
EBIT Margin	-2.05%	-13.25%	1.24%	-0.08%	0.45%
Advertising Expenses	1.17	1.34	6.9	8.97	0.14

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