IST:VBTYZ 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	Mar '25 Mar 31, 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
Revenue	2,116	2,307	3,082	1,178	198.51	130.02
Revenue Growth (YoY)	-5.57%	-25.15%	161.51%	493.67%	52.68%	-
Cost of Revenue	1,666	1,766	2,699	982.43	157.94	103.94
Gross Profit	450.69	541.16	382.5	196.05	40.56	26.07
Selling, General & Admin	108.66	118.31	69.91	37.82	7.13	4.36
Research & Development	215.86	198.29	147.59	68.81	15.18	8.26
Other Operating Expenses	-6.71	11.77	38.35	10.39	2.36	0.89
Operating Expenses	317.82	328.36	255.86	117.02	24.67	13.5
Operating Income	132.87	212.8	126.64	79.02	15.89	12.58
Interest Expense	-42.58	-25.37	-4.38	-4.64	-1.75	-1.64
Interest & Investment Income	52.66	48.44	52.24	21.18	4.63	0.66
Earnings From Equity Investments	1.95	-0.27	5.26	-11.3	0.3	0.02
Currency Exchange Gain (Loss)	73.59	14.06	167.72	27.32	19.87	5.22
Other Non Operating Income (Expenses)	-142.06	-199.58	-171.87	-74.72	-	-
EBT Excluding Unusual Items	76.43	50.07	175.6	36.85	38.94	16.83
Merger & Restructuring Charges	-2.59	-2.59	-	-	-	-
Gain (Loss) on Sale of Investments	-19.94	-19.94	-	-	-	-
Other Unusual Items	-	-	-	-	0.28	0.14
Pretax Income	53.91	27.54	175.6	36.85	39.22	16.96
Income Tax Expense	-30.42	-7.33	31.47	27.96	5.08	1.88
Earnings From Continuing Operations	84.33	34.88	144.13	8.89	34.15	15.08
Minority Interest in Earnings	-0.61	0.33	0.98	1.76	-	-
Net Income	83.72	35.21	145.11	10.65	34.15	15.08
Net Income to Common	83.72	35.21	145.11	10.65	34.15	15.08
Net Income Growth	-52.19%	-75.73%	1262.43%	-68.81%	126.43%	-
Shares Outstanding (Basic)	117	117	117	117	117	90
Shares Outstanding (Diluted)	117	117	117	117	117	90
Shares Change (YoY)	-0.00%	-	-	-	30.00%	-
EPS (Basic)	0.72	0.30	1.24	0.09	0.29	0.17
EPS (Diluted)	0.72	0.30	1.24	0.09	0.29	0.17
EPS Growth	-52.19%	-75.73%	1262.43%	-68.81%	74.18%	-
Free Cash Flow	135.1	262.18	-14.81	187.96	103.4	57.49
Free Cash Flow Per Share	1.16	2.24	-0.13	1.61	0.88	0.64
Gross Margin	21.30%	23.46%	12.41%	16.64%	20.43%	20.05%
Operating Margin	6.28%	9.22%	4.11%	6.71%	8.01%	9.67%
Profit Margin	3.96%	1.53%	4.71%	0.90%	17.20%	11.60%
Free Cash Flow Margin	6.38%	11.37%	-0.48%	15.95%	52.09%	44.21%
EBITDA	168.7	251.31	147.29	91.03	17.34	13.07
EBITDA Margin	7.97%	10.89%	4.78%	7.72%	8.73%	10.05%
D&A For EBITDA	35.83	38.51	20.64	12.01	1.45	0.49
EBIT	132.87	212.8	126.64	79.02	15.89	12.58
EBIT Margin	6.28%	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.