Vakif Faktoring A.S. 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
Operating Revenue	12.75	21.83	1,164	21.39	2.81	5.33
Other Revenue	9,772	12,788	7,506	2,408	769.37	352.76
Revenue	9,784	12,810	8,671	2,429	772.18	358.09
Revenue Growth (YoY)	-25.13%	47.73%	256.93%	214.59%	115.64%	-32.12%
Cost of Revenue	200.61	328.34	1,223	221.21	35.72	13.4
Gross Profit	9,584	12,481	7,448	2,208	736.46	344.7
Selling, General & Admin	298.89	216.98	123.82	57.03	28.73	17.21
Other Operating Expenses	-66.67	-60.5	1.63	-265.92	212.35	-5.17
Operating Expenses	232.22	156.48	125.46	-208.89	241.08	12.04
Operating Income	9,352	12,325	7,323	2,417	495.38	332.66
Interest Expense	-6,829	-10,206	-5,314	-1,479	-577.12	-209.16
Interest & Investment Income	146.29	321.62	101.68	14.47	9.54	3.12
Currency Exchange Gain (Loss)	-1.67	1.52	40.37	-229.59	233.91	-0.48
EBT Excluding Unusual Items	2,667	2,442	2,151	722.86	161.71	126.14
Legal Settlements	-0.93	-0.93	-2.25	-0.4	-0.91	-0.32
Pretax Income	2,666	2,441	2,149	722.47	160.8	125.83
Income Tax Expense	798.85	733.5	643.77	175.75	44.51	27.72
Net Income	1,868	1,707	1,505	546.72	116.29	98.11
Net Income to Common	1,868	1,707	1,505	546.72	116.29	98.11
Net Income Growth	10.43%	13.45%	175.23%	370.15%	18.53%	-25.18%
Free Cash Flow	-1,231	-310.6	-308.75	-613.28	12.18	-342.89
Gross Margin	97.95%	97.44%	85.90%	90.89%	95.38%	96.26%
Operating Margin	95.58%	96.21%	84.45%	99.49%	64.15%	92.90%
Profit Margin	19.09%	13.33%	17.35%	22.51%	15.06%	27.40%
Free Cash Flow Margin	-12.58%	-2.43%	-3.56%	-25.25%	1.58%	-95.75%
EBITDA	9,356	12,326	7,324	2,417	495.69	332.88
EBITDA Margin	95.62%	96.22%	84.47%	99.51%	64.19%	92.96%
D&A For EBITDA	3.94	1	1.44	0.36	0.3	0.22
EBIT	9,352	12,325	7,323	2,417	495.38	332.66
EBIT Margin	95.58%	96.21%	84.45%	99.49%	64.15%	92.90%
Effective Tax Rate	29.96%	30.05%	29.96%	24.33%	27.68%	22.03%
Revenue as Reported	9,784	12,810	8,671	2,429	772.18	358.09
Advertising Expenses	-	27.85	17	14.25	6.18	0.26

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