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	1,783	2,732	982.43	157.94	103.94
Gross Profit	524.29	350.15	196.05	40.56	26.07
Selling, General & Admin	120.75	70.42	37.82	7.13	4.36
Research & Development	199.5	147.59	68.81	15.18	8.26
Other Operating Expenses	-3.48	5.5	10.39	2.36	0.89
Operating Expenses	316.76	223.51	117.02	24.67	13.5
Operating Income	207.53	126.64	79.02	15.89	12.58
Interest Expense	-24.57	-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)	-197.69	-171.87	-74.72	-	-
EBT Excluding Unusual Items	47.48	175.6	36.85	38.94	16.83
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	22.73%	11.36%	16.64%	20.43%	20.05%
Operating Margin	9.00%	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	263.46	169.76	91.03	17.34	13.07
EBITDA Margin	11.42%	5.51%	7.72%	8.73%	10.05%
D&A For EBITDA	55.93	43.11	12.01	1.45	0.49
EBIT	207.53	126.64	79.02	15.89	12.58
EBIT Margin	9.00%	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.