IST:VANGD 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
Revenue	143.02	186.37	144.53	46.1	12.63
Revenue Growth (YoY)	-23.26%	28.95%	213.53%	265.07%	46.93%
Cost of Revenue	142.3	184.49	142.64	46.1	12.43
Gross Profit	0.71	1.88	1.88	-0.01	0.2
Selling, General & Admin	10.94	4.91	2.37	1.24	0.65
Other Operating Expenses	0.65	-2.9	1.84	-0.41	0.4
Operating Expenses	11.59	2.01	4.21	0.83	1.05
Operating Income	-10.87	-0.13	-2.33	-0.83	-0.85
Interest Expense	-0	-0.71	-1.03	-0.11	-0
Interest & Investment Income	295.99	9.96	6.82	54.86	19.8
Earnings From Equity Investments	-	-	-7.07	-0.72	-0.05
Currency Exchange Gain (Loss)	0.91	0.18	0.36	-	-
Other Non Operating Income (Expenses)	4.09	4.15	2.19	-7.87	-0.01
EBT Excluding Unusual Items	290.11	13.45	-1.06	45.34	18.88
Gain (Loss) on Sale of Investments	-0	-14.79	-49.14	-1.38	-
Legal Settlements	-0.24	0.41	-0.43	-	-0.2
Pretax Income	289.86	-0.93	-50.63	43.96	18.69
Income Tax Expense	66	10.98	0.72	17.34	3.45
Earnings From Continuing Operations	223.87	-11.92	-51.35	26.62	15.24
Net Income	223.87	-11.92	-51.35	26.62	15.24
Net Income to Common	223.87	-11.92	-51.35	26.62	15.24
Net Income Growth	-	-	-	74.67%	136.34%
Shares Outstanding (Basic)	25	25	25	25	25
Shares Outstanding (Diluted)	25	25	25	25	25
EPS (Basic)	8.95	-0.48	-2.05	1.06	0.61
EPS (Diluted)	8.95	-0.48	-2.05	1.06	0.61
EPS Growth	-	-	-	74.67%	136.34%
Free Cash Flow	-4.36	2.01	-0.21	5.24	-0.08
Free Cash Flow Per Share	-0.17	0.08	-0.01	0.21	-0.00
Gross Margin	0.50%	1.01%	1.30%	-0.01%	1.57%
Operating Margin	-7.60%	-0.07%	-1.61%	-1.80%	-6.70%
Profit Margin	156.53%	-6.40%	-35.53%	57.74%	120.68%
Free Cash Flow Margin	-3.05%	1.08%	-0.14%	11.37%	-0.66%
EBITDA	-8.39	2.27	-1.26	-0.06	-0.63
EBITDA Margin	-5.87%	1.22%	-0.87%	-0.13%	-5.02%
D&A For EBITDA	2.49	2.4	1.06	0.77	0.21
EBIT	-10.87	-0.13	-2.33	-0.83	-0.85
EBIT Margin	-7.60%	-0.07%	-1.61%	-1.80%	-6.70%
Effective Tax Rate	22.77%	-	-	39.45%	18.45%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.