IST:VAKFN 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
Interest and Dividend Income	5,676	6,631	3,810	1,082	360.92
Total Interest Expense	3,744	4,391	2,517	751.82	189.12
Net Interest Income	1,932	2,240	1,292	330.55	171.8
Commissions and Fees	95.23	120.63	60.97	25.11	8.02
Revenue Before Loan Losses	2,027	2,361	1,353	355.66	179.82
Provision for Loan Losses	443.78	338.02	51.54	30.45	43.36
Revenue	1,584	2,023	1,302	325.21	136.47
Revenue Growth (YoY)	-21.70%	55.39%	300.26%	138.31%	78.94%
Salaries & Employee Benefits	278.83	199.59	110.4	49.2	22.77
Cost of Services Provided	223.17	195.68	162.11	78.44	26.71
Other Operating Expenses	-734.07	-163.07	-97.47	-26.67	-8.52
Total Operating Expenses	-232.07	232.2	175.04	100.97	40.96
Operating Income	1,816	1,790	1,127	224.25	95.51
Currency Exchange Gain (Loss)	-201.87	80.4	343.18	347.47	56.5
EBT Excluding Unusual Items	2,102	2,433	2,054	702.38	162.69
Gain (Loss) on Sale of Investments	-	-	-	-12.5	-
Pretax Income	2,067	2,440	2,056	691.81	165.09
Income Tax Expense	537.77	787.86	613.3	173.24	37.02
Earnings From Continuing Ops.	1,529	1,652	1,443	518.57	128.07
Net Income	1,529	1,652	1,443	518.57	128.07
Net Income to Common	1,529	1,652	1,443	518.57	128.07
Net Income Growth	-7.44%	14.49%	178.28%	304.90%	112.32%
Shares Outstanding (Basic)	4,375	4,375	2,500	2,500	1,466
Shares Outstanding (Diluted)	4,375	4,375	2,500	2,500	1,466
Shares Change (YoY)	-	75.01%	-	70.53%	17.28%
EPS (Basic)	0.35	0.38	0.58	0.21	0.09
EPS (Diluted)	0.35	0.38	0.58	0.21	0.09
EPS Growth	-7.44%	-34.58%	178.28%	137.44%	81.03%
Free Cash Flow	-439.69	-72.65	-483.86	1,644	277.87
Free Cash Flow Per Share	-0.10	-0.02	-0.19	0.66	0.19
Operating Margin	114.65%	88.52%	86.55%	68.95%	69.98%
Profit Margin	96.56%	81.69%	110.86%	159.45%	93.85%
Free Cash Flow Margin	-27.76%	-3.59%	-37.17%	505.63%	203.61%
Effective Tax Rate	26.02%	32.29%	29.82%	25.04%	22.42%
Revenue as Reported	5,771	6,752	3,871	1,107	368.95

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