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	4,291	3,795	3,252	719.68
Revenue Growth (YoY)	11.03%	13.06%	16.72%	351.84%	47.40%
Cost of Revenue	3,637	4,131	3,093	2,679	568.74
Gross Profit	1,128	159.76	702.83	572.97	150.94
Selling, General & Admin	308.15	327.79	272.44	167.29	47.32
Research & Development	31.83	22.35	20.25	11.46	3.04
Other Operating Expenses	166.69	-537.54	75.2	48.37	15.84
Operating Expenses	506.67	-187.39	367.89	227.12	66.2
Operating Income	621.17	347.15	334.94	345.86	84.74
Interest Expense	-1,241	-864.25	-360.08	-156.25	-81.25
Interest & Investment Income	5.62	12.6	58.24	13.32	56.27
Currency Exchange Gain (Loss)	-182.55	-111.67	38.26	95.97	-3.41
Other Non Operating Income (Expenses)	738.76	685.33	-	-	-
EBT Excluding Unusual Items	-58.45	69.16	71.35	298.91	56.35
Gain (Loss) on Sale of Investments	-6.28	-139.54	-17.69	-17.83	-0.06
Pretax Income	-60.96	-68.43	57.14	282.8	57.21
Income Tax Expense	-37.51	7.76	-188.09	98.07	-4.9
Net Income	-23.46	-76.19	245.23	184.73	62.11
Net Income to Common	-23.46	-76.19	245.23	184.73	62.11
Net Income Growth	-	-	32.75%	197.44%	205.26%
Shares Outstanding (Basic)	1,225	1,225	1,225	1,225	1,225
Shares Outstanding (Diluted)	1,225	1,225	1,225	1,225	1,225
EPS (Basic)	-0.02	-0.06	0.20	0.15	0.05
EPS (Diluted)	-0.02	-0.06	0.20	0.15	0.05
EPS Growth	-	-	32.75%	197.44%	205.27%
Free Cash Flow	-981.48	-1,452	-151.81	-459.3	151.86
Free Cash Flow Per Share	-0.80	-1.19	-0.12	-0.38	0.12
Gross Margin	23.67%	3.72%	18.52%	17.62%	20.97%
Operating Margin	13.04%	8.09%	8.82%	10.64%	11.77%
Profit Margin	-0.49%	-1.77%	6.46%	5.68%	8.63%
Free Cash Flow Margin	-20.60%	-33.83%	-4.00%	-14.12%	21.10%
EBITDA	833.28	607.73	514.67	456.39	115.18
EBITDA Margin	17.49%	14.16%	13.56%	14.04%	16.00%
D&A For EBITDA	212.12	260.57	179.73	110.53	30.45
EBIT	621.17	347.15	334.94	345.86	84.74
EBIT Margin	13.04%	8.09%	8.82%	10.64%	11.77%
Effective Tax Rate	-	-	-	34.68%	-
Advertising Expenses	13.77	14.52	17.89	19.44	1.55

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