IST:ULUSE 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	4,543	4,954	6,248	4,256	955.39	660.96
Revenue Growth (YoY)	-29.47%	-20.72%	46.80%	345.51%	44.55%	35.77%
Cost of Revenue	4,310	4,948	5,310	3,928	891.52	571.79
Gross Profit	232.45	5.75	938.63	328.6	63.88	89.17
Selling, General & Admin	623.59	715.64	974.69	546.25	48.07	30.3
Research & Development	30.4	23.11	26.46	28.2	-	1.03
Other Operating Expenses	77.19	-72.07	-140.16	-242.35	11.55	-6.41
Operating Expenses	731.18	666.69	861	332.1	59.62	24.93
Operating Income	-498.73	-660.94	77.64	-3.5	4.26	64.24
Interest Expense	-468.67	-130.68	-236.97	-200.11	-13.84	-0.48
Interest & Investment Income	5.46	16.9	42.02	2.52	4.08	1.47
Currency Exchange Gain (Loss)	-367.58	-367.58	-624.07	-159.48	-10.16	19.08
Other Non Operating Income (Expenses)	419.97	498.42	103.6	129.51	-31.34	-17.51
EBT Excluding Unusual Items	-909.54	-643.88	-637.78	-231.05	-46.99	66.81
Merger & Restructuring Charges	-	-	-	-	-29.7	-63.25
Gain (Loss) on Sale of Investments	-5.67	-5.67	-19.78	-	-	-
Pretax Income	-915.21	-649.55	-657.56	-231.05	-76.69	3.55
Income Tax Expense	77.42	73.56	1.16	-138.27	-2.24	-3.86
Earnings From Continuing Operations	-992.64	-723.11	-658.72	-92.78	-74.45	7.42
Minority Interest in Earnings	3.31	0.05	0.52	0.38	0.04	0.1
Net Income	-989.33	-723.06	-658.2	-92.4	-74.41	7.52
Net Income to Common	-989.33	-723.06	-658.2	-92.4	-74.41	7.52
Net Income Growth	-	-	-	-	-	-91.69%
Shares Outstanding (Basic)	80	80	80	80	80	80
Shares Outstanding (Diluted)	80	80	80	80	80	80
EPS (Basic)	-12.37	-9.04	-8.23	-1.15	-0.93	0.09
EPS (Diluted)	-12.37	-9.04	-8.23	-1.15	-0.93	0.09
EPS Growth	-	-	-	-	-	-91.69%
Free Cash Flow	175.25	-295.57	-177.27	-159.03	-186.88	-58
Free Cash Flow Per Share	2.19	-3.69	-2.22	-1.99	-2.34	-0.72
Gross Margin	5.12%	0.12%	15.02%	7.72%	6.69%	13.49%
Operating Margin	-10.98%	-13.34%	1.24%	-0.08%	0.45%	9.72%
Profit Margin	-21.78%	-14.60%	-10.53%	-2.17%	-7.79%	1.14%
Free Cash Flow Margin	3.86%	-5.97%	-2.84%	-3.74%	-19.56%	-8.78%
EBITDA	-449.75	-530.63	206.85	89.33	18.42	76.39
EBITDA Margin	-9.90%	-10.71%	3.31%	2.10%	1.93%	11.56%
D&A For EBITDA	48.98	130.31	129.21	92.83	14.16	12.15
EBIT	-498.73	-660.94	77.64	-3.5	4.26	64.24
EBIT Margin	-10.98%	-13.34%	1.24%	-0.08%	0.45%	9.72%
Advertising Expenses	-	1.02	6.9	8.97	0.14	0.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.