IST:VBTYZ Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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
Revenue	2,307	3,082	1,178	198.51	130.02
Revenue Growth (YoY)	-25.15%	161.51%	493.67%	52.68%	-
Cost of Revenue	1,766	2,699	982.43	157.94	103.94
Gross Profit	541.16	382.5	196.05	40.56	26.07
Selling, General & Admin	118.31	69.91	37.82	7.13	4.36
Research & Development	198.29	147.59	68.81	15.18	8.26
Other Operating Expenses	11.77	38.35	10.39	2.36	0.89
Operating Expenses	328.36	255.86	117.02	24.67	13.5
Operating Income	212.8	126.64	79.02	15.89	12.58
Interest Expense	-25.37	-4.38	-4.64	-1.75	-1.64
Interest & Investment Income	48.44	52.24	21.18	4.63	0.66
Earnings From Equity Investments	-0.27	5.26	-11.3	0.3	0.02
Currency Exchange Gain (Loss)	14.06	167.72	27.32	19.87	5.22
Other Non Operating Income (Expenses)	-199.58	-171.87	-74.72	-	-
EBT Excluding Unusual Items	50.07	175.6	36.85	38.94	16.83
Merger & Restructuring Charges	-2.59	-	-	-	-
Gain (Loss) on Sale of Investments	-19.94	-	-	-	-
Other Unusual Items	-	-	-	0.28	0.14
Pretax Income	27.54	175.6	36.85	39.22	16.96
Income Tax Expense	-7.33	31.47	27.96	5.08	1.88
Earnings From Continuing Operations	34.88	144.13	8.89	34.15	15.08
Minority Interest in Earnings	0.33	0.98	1.76	-	-
Net Income	35.21	145.11	10.65	34.15	15.08
Net Income to Common	35.21	145.11	10.65	34.15	15.08
Net Income Growth	-75.73%	1262.43%	-68.81%	126.43%	-
Shares Outstanding (Basic)	117	117	117	117	90
Shares Outstanding (Diluted)	117	117	117	117	90
Shares Change (YoY)	-	-	-	30.00%	-
EPS (Basic)	0.30	1.24	0.09	0.29	0.17
EPS (Diluted)	0.30	1.24	0.09	0.29	0.17
EPS Growth	-75.73%	1262.43%	-68.81%	74.18%	-
Free Cash Flow	262.18	-14.81	187.96	103.4	57.49
Free Cash Flow Per Share	2.24	-0.13	1.61	0.88	0.64
Gross Margin	23.46%	12.41%	16.64%	20.43%	20.05%
Operating Margin	9.22%	4.11%	6.71%	8.01%	9.67%
Profit Margin	1.53%	4.71%	0.90%	17.20%	11.60%
Free Cash Flow Margin	11.37%	-0.48%	15.95%	52.09%	44.21%
EBITDA	251.31	147.29	91.03	17.34	13.07
EBITDA Margin	10.89%	4.78%	7.72%	8.73%	10.05%
D&A For EBITDA	38.51	20.64	12.01	1.45	0.49
EBIT	212.8	126.64	79.02	15.89	12.58
EBIT Margin	9.22%	4.11%	6.71%	8.01%	9.67%
Effective Tax Rate	-	17.92%	75.88%	12.94%	11.11%
Advertising Expenses	3.64	4.09	1.57	0.52	0.07

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