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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	10.45	10.83	21.83	1,164	21.39	2.81
Other Revenue	8,762	9,564	12,788	7,506	2,408	769.37
Revenue	8,773	9,574	12,810	8,671	2,429	772.18
Revenue Growth (YoY)	-26.92%	-25.26%	47.73%	256.93%	214.59%	115.64%
Cost of Revenue	164.38	141.71	328.34	1,223	221.21	35.72
Gross Profit	8,608	9,433	12,481	7,448	2,208	736.46
Selling, General & Admin	367.22	335.87	229.85	123.82	57.03	28.73
Other Operating Expenses	-8.63	-8.93	-73.37	1.63	-265.92	212.35
Operating Expenses	358.59	326.93	156.48	125.46	-208.89	241.08
Operating Income	8,250	9,106	12,325	7,323	2,417	495.38
Interest Expense	-5,550	-6,473	-10,206	-5,314	-1,479	-577.12
Interest & Investment Income	103.93	116.83	321.62	101.68	14.47	9.54
Currency Exchange Gain (Loss)	0.5	-1.05	1.52	40.37	-229.59	233.91
EBT Excluding Unusual Items	2,804	2,749	2,442	2,151	722.86	161.71
Legal Settlements	-0.75	-0.71	-0.93	-2.25	-0.4	-0.91
Pretax Income	2,803	2,748	2,441	2,149	722.47	160.8
Income Tax Expense	839.83	823.27	733.5	643.77	175.75	44.51
Net Income	1,963	1,925	1,707	1,505	546.72	116.29
Net Income to Common	1,963	1,925	1,707	1,505	546.72	116.29
Net Income Growth	16.01%	12.75%	13.45%	175.23%	370.15%	18.53%
Shares Outstanding (Basic)	913	900	850	-	-	-
Shares Outstanding (Diluted)	913	900	850	-	-	-
Shares Change (YoY)	7.35%	5.88%	-	-	-	-
EPS (Basic)	2.15	2.14	2.01	-	-	-
EPS (Diluted)	2.15	2.14	2.01	-	-	-
EPS Growth	8.06%	6.49%	-	-	-	-
Free Cash Flow	-973.17	-962.73	-310.6	-308.75	-613.28	12.18
Free Cash Flow Per Share	-1.07	-1.07	-0.36	-	-	-
Gross Margin	98.13%	98.52%	97.44%	85.90%	90.89%	95.38%
Operating Margin	94.04%	95.10%	96.21%	84.45%	99.49%	64.15%
Profit Margin	22.38%	20.10%	13.33%	17.35%	22.51%	15.06%
Free Cash Flow Margin	-11.09%	-10.05%	-2.43%	-3.56%	-25.25%	1.58%
EBITDA	8,251	9,107	12,326	7,324	2,417	495.69
EBITDA Margin	94.06%	95.12%	96.22%	84.47%	99.51%	64.19%
D&A For EBITDA	1.59	1.27	1	1.44	0.36	0.3
EBIT	8,250	9,106	12,325	7,323	2,417	495.38
EBIT Margin	94.04%	95.10%	96.21%	84.45%	99.49%	64.15%
Effective Tax Rate	29.96%	29.96%	30.05%	29.96%	24.33%	27.68%
Revenue as Reported	8,773	9,574	12,810	8,671	2,429	772.18
Advertising Expenses	-	56.46	27.85	17	14.25	6.18

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