IST:VESBE 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	Sep '25 Sep 30, 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	60,662	75,327	88,172	59,583	16,178	9,409
Revenue Growth (YoY)	-37.61%	-14.57%	47.98%	268.30%	71.94%	35.04%
Cost of Revenue	56,236	67,419	73,770	53,782	13,613	7,603
Gross Profit	4,426	7,908	14,402	5,801	2,565	1,806
Selling, General & Admin	4,145	4,225	5,020	4,270	319.21	181.91
Research & Development	909.78	948.73	805.48	540.28	114.2	78.87
Other Operating Expenses	326.03	176.13	271.7	24.91	39.7	-9.52
Operating Expenses	5,381	5,349	6,097	4,836	473.11	251.26
Operating Income	-954.44	2,558	8,305	965.41	2,092	1,555
Interest Expense	-7,052	-4,357	-2,713	-1,325	-336.94	-95.55
Interest & Investment Income	3,651	765.38	717.45	426.96	73.38	52.49
Currency Exchange Gain (Loss)	-1,037	-1,403	-3,516	-1,541	10.83	-115.64
Other Non Operating Income (Expenses)	1,996	2,554	5,131	1,930	-626.35	-64.57
EBT Excluding Unusual Items	-3,396	117.84	7,923	456.08	1,213	1,332
Gain (Loss) on Sale of Assets	14.75	14.75	18.34	10.04	4.34	-
Pretax Income	-3,381	132.59	7,942	466.12	1,217	1,332
Income Tax Expense	94.39	-133.24	1,121	254.33	-301.74	0.62
Net Income	-3,475	265.83	6,821	211.79	1,519	1,331
Net Income to Common	-3,475	265.83	6,821	211.79	1,519	1,331
Net Income Growth	-	-96.10%	3120.72%	-86.05%	14.07%	134.36%
Shares Outstanding (Basic)	1,600	1,600	1,600	1,600	1,600	1,600
Shares Outstanding (Diluted)	1,600	1,600	1,600	1,600	1,600	1,600
EPS (Basic)	-2.17	0.17	4.26	0.13	0.95	0.83
EPS (Diluted)	-2.17	0.17	4.26	0.13	0.95	0.83
EPS Growth	-	-96.10%	3120.74%	-86.05%	14.07%	134.35%
Free Cash Flow	6,737	4,787	455.64	-2,139	926.59	168.26
Free Cash Flow Per Share	4.21	2.99	0.28	-1.34	0.58	0.10
Dividend Per Share	0.044	0.044	0.726	0.221	0.436	0.167
Dividend Growth	-93.95%	-93.95%	229.19%	-49.47%	161.79%	-
Gross Margin	7.30%	10.50%	16.33%	9.74%	15.85%	19.20%
Operating Margin	-1.57%	3.40%	9.42%	1.62%	12.93%	16.53%
Profit Margin	-5.73%	0.35%	7.74%	0.36%	9.39%	14.15%
Free Cash Flow Margin	11.11%	6.35%	0.52%	-3.59%	5.73%	1.79%
EBITDA	1,457	5,047	10,809	2,589	2,399	1,804
EBITDA Margin	2.40%	6.70%	12.26%	4.35%	14.83%	19.17%
D&A For EBITDA	2,411	2,488	2,504	1,624	307.22	248.74
EBIT	-954.44	2,558	8,305	965.41	2,092	1,555
EBIT Margin	-1.57%	3.40%	9.42%	1.62%	12.93%	16.53%
Effective Tax Rate	-	-	14.11%	54.56%	-	0.05%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.