IST:VAKFN 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
Interest and Dividend Income	5,748	6,631	3,810	1,082	360.92	261.7
Total Interest Expense	3,814	4,391	2,517	751.82	189.12	127.36
Net Interest Income	1,934	2,240	1,292	330.55	171.8	134.34
Commissions and Fees	87.99	120.63	60.97	25.11	8.02	5.56
Revenue Before Loan Losses	2,022	2,361	1,353	355.66	179.82	139.9
Provision for Loan Losses	674.45	338.02	51.54	30.45	43.36	63.63
Revenue	1,348	2,023	1,302	325.21	136.47	76.27
Revenue Growth (YoY)	-38.49%	55.39%	300.26%	138.31%	78.94%	69.59%
Salaries & Employee Benefits	261.21	199.59	110.4	49.2	22.77	19.61
Cost of Services Provided	198.56	195.68	162.11	78.44	26.71	15.32
Other Operating Expenses	-424.07	-163.07	-97.47	-26.67	-8.52	-15.46
Total Operating Expenses	35.69	232.2	175.04	100.97	40.96	19.47
Operating Income	1,312	1,790	1,127	224.25	95.51	56.8
Currency Exchange Gain (Loss)	-67.5	80.4	343.18	347.47	56.5	25.18
EBT Excluding Unusual Items	1,776	2,433	2,054	702.38	162.69	87.18
Gain (Loss) on Sale of Investments	-	-	-	-12.5	-	-
Pretax Income	1,757	2,440	2,056	691.81	165.09	86.65
Income Tax Expense	584.11	787.86	613.3	173.24	37.02	26.33
Earnings From Continuing Ops.	1,173	1,652	1,443	518.57	128.07	60.32
Net Income	1,173	1,652	1,443	518.57	128.07	60.32
Net Income to Common	1,173	1,652	1,443	518.57	128.07	60.32
Net Income Growth	-30.93%	14.49%	178.28%	304.90%	112.32%	91.02%
Shares Outstanding (Basic)	3,728	2,955	2,500	2,500	1,466	1,250
Shares Outstanding (Diluted)	3,728	2,955	2,500	2,500	1,466	1,250
Shares Change (YoY)	3.50%	18.19%	-	70.53%	17.28%	-
EPS (Basic)	0.31	0.56	0.58	0.21	0.09	0.05
EPS (Diluted)	0.31	0.56	0.58	0.21	0.09	0.05
EPS Growth	-33.27%	-3.13%	178.28%	137.44%	81.03%	91.02%
Free Cash Flow	310.33	-79.55	-483.86	1,644	277.87	-2.16
Free Cash Flow Per Share	0.08	-0.03	-0.19	0.66	0.19	-0.00
Operating Margin	97.35%	88.52%	86.55%	68.95%	69.98%	74.47%
Profit Margin	87.04%	81.69%	110.86%	159.45%	93.85%	79.09%
Free Cash Flow Margin	23.03%	-3.93%	-37.17%	505.63%	203.61%	-2.83%
Effective Tax Rate	33.24%	32.29%	29.82%	25.04%	22.42%	30.39%
Revenue as Reported	5,836	6,752	3,871	1,107	368.95	267.26

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