Vakif Finansal Kiralama A.S. (IST:VAKFN)

IST:VAKFN Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	6,492	6,631	3,810	1,082	360.92	261.7
Total Interest Expense	4,152	4,391	2,517	751.82	189.12	127.36
Net Interest Income	2,340	2,240	1,292	330.55	171.8	134.34
Commissions and Fees	107.61	120.63	60.97	25.11	8.02	5.56
Revenue Before Loan Losses	2,448	2,361	1,353	355.66	179.82	139.9
Provision for Loan Losses	513.38	338.02	51.54	30.45	43.36	63.63
Revenue	1,934	2,023	1,302	325.21	136.47	76.27
Revenue Growth (YoY)	26.76%	55.39%	300.26%	138.31%	78.94%	69.59%
Salaries & Employee Benefits	208.23	199.59	110.4	49.2	22.77	19.61
Cost of Services Provided	181.98	195.68	162.11	78.44	26.71	15.32
Other Operating Expenses	-236.35	-163.07	-97.47	-26.67	-8.52	-15.46
Total Operating Expenses	153.87	232.2	175.04	100.97	40.96	19.47
Operating Income	1,781	1,790	1,127	224.25	95.51	56.8
Currency Exchange Gain (Loss)	46.72	80.4	343.18	347.47	56.5	25.18
EBT Excluding Unusual Items	2,416	2,433	2,054	702.38	162.69	87.18
Gain (Loss) on Sale of Investments	-	-	-	-12.5	-	-
Pretax Income	2,417	2,440	2,056	691.81	165.09	86.65
Income Tax Expense	786.69	787.86	613.3	173.24	37.02	26.33
Earnings From Continuing Ops.	1,631	1,652	1,443	518.57	128.07	60.32
Net Income	1,631	1,652	1,443	518.57	128.07	60.32
Net Income to Common	1,631	1,652	1,443	518.57	128.07	60.32
Net Income Growth	8.28%	14.49%	178.28%	304.90%	112.32%	91.02%
Shares Outstanding (Basic)	2,693	2,068	1,750	1,750	1,026	875
Shares Outstanding (Diluted)	2,693	2,068	1,750	1,750	1,026	875
Shares Change (YoY)	72.37%	18.19%	-	70.53%	17.28%	-
EPS (Basic)	0.61	0.80	0.82	0.30	0.12	0.07
EPS (Diluted)	0.61	0.80	0.82	0.30	0.12	0.07
EPS Growth	-37.18%	-3.13%	178.28%	137.44%	81.03%	91.02%
Free Cash Flow	-1,931	-79.55	-483.86	1,644	277.87	-2.16
Free Cash Flow Per Share	-0.72	-0.04	-0.28	0.94	0.27	-0.00
Operating Margin	92.05%	88.52%	86.55%	68.95%	69.98%	74.47%
Profit Margin	84.29%	81.69%	110.86%	159.45%	93.85%	79.09%
Free Cash Flow Margin	-99.84%	-3.93%	-37.17%	505.63%	203.61%	-2.83%
Effective Tax Rate	32.55%	32.29%	29.82%	25.04%	22.42%	30.39%
Revenue as Reported	6,600	6,752	3,871	1,107	368.95	267.26

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