Usak Seramik Sanayi A.S. 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	4,764	3,278	3,795	3,252	719.68
Revenue Growth (YoY)	45.33%	-13.62%	16.72%	351.84%	47.40%
Cost of Revenue	3,633	3,156	3,093	2,679	568.74
Gross Profit	1,132	122.06	702.83	572.97	150.94
Selling, General & Admin	285.91	251.79	272.44	167.29	47.32
Research & Development	31.83	17.08	20.25	11.46	3.04
Other Operating Expenses	397.55	-410.67	75.2	48.37	15.84
Operating Expenses	715.29	-141.8	367.89	227.12	66.2
Operating Income	416.23	263.86	334.94	345.86	84.74
Interest Expense	-1,298	-658.92	-360.08	-156.25	-81.25
Interest & Investment Income	-	9.63	58.24	13.32	56.27
Currency Exchange Gain (Loss)	-	438.27	38.26	95.97	-3.41
Other Non Operating Income (Expenses)	827.4	-	-	-	-
EBT Excluding Unusual Items	-54.69	52.84	71.35	298.91	56.35
Gain (Loss) on Sale of Investments	-6.28	-106.61	-17.69	-17.83	-0.06
Pretax Income	-60.96	-52.28	57.14	282.8	57.21
Income Tax Expense	-37.51	5.93	-188.09	98.07	-4.9
Net Income	-23.46	-58.21	245.23	184.73	62.11
Net Income to Common	-23.46	-58.21	245.23	184.73	62.11
Net Income Growth	-	-	32.75%	197.44%	205.26%
Shares Outstanding (Basic)	1,235	1,225	1,225	1,225	1,225
Shares Outstanding (Diluted)	1,235	1,225	1,225	1,225	1,225
Shares Change (YoY)	0.78%	-	-	-	-
EPS (Basic)	-0.02	-0.05	0.20	0.15	0.05
EPS (Diluted)	-0.02	-0.05	0.20	0.15	0.05
EPS Growth	-	-	32.75%	197.44%	205.27%
Free Cash Flow	-981.48	-1,079	-151.81	-459.3	151.86
Free Cash Flow Per Share	-0.80	-0.88	-0.12	-0.38	0.12
Gross Margin	23.75%	3.72%	18.52%	17.62%	20.97%
Operating Margin	8.74%	8.05%	8.82%	10.64%	11.77%
Profit Margin	-0.49%	-1.77%	6.46%	5.68%	8.63%
Free Cash Flow Margin	-20.60%	-32.90%	-4.00%	-14.12%	21.10%
EBITDA	728.71	462.94	514.67	456.39	115.18
EBITDA Margin	15.29%	14.12%	13.56%	14.04%	16.00%
D&A For EBITDA	312.48	199.08	179.73	110.53	30.45
EBIT	416.23	263.86	334.94	345.86	84.74
EBIT Margin	8.74%	8.05%	8.82%	10.64%	11.77%
Effective Tax Rate	-	-	-	34.68%	-
Advertising Expenses	-	11.09	17.89	19.44	1.55

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