IST:VESTL 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	118,185	142,736	162,016	111,125	32,506	21,546
Revenue Growth (YoY)	-34.94%	-11.90%	45.80%	241.86%	50.87%	25.46%
Cost of Revenue	101,098	112,927	125,961	92,235	23,487	15,528
Gross Profit	17,087	29,809	36,055	18,890	9,019	6,018
Selling, General & Admin	22,733	23,888	24,364	15,274	4,038	2,815
Research & Development	2,104	2,253	2,800	1,687	405.7	335.13
Other Operating Expenses	5,107	2,301	1,962	1,149	202.69	50.75
Operating Expenses	29,944	28,441	29,126	18,109	4,647	3,200
Operating Income	-12,857	1,368	6,929	780.65	4,372	2,818
Interest Expense	-14,544	-12,033	-8,054	-4,317	-1,309	-897.34
Interest & Investment Income	5,505	5,282	4,676	5,847	838.24	543.93
Earnings From Equity Investments	-4,219	-3,516	1,271	1,631	-66.46	-224.9
Currency Exchange Gain (Loss)	-4,369	-4,200	-10,436	2,759	-1,119	-111.32
Other Non Operating Income (Expenses)	4,485	3,034	9,965	-6,360	-1,017	-188.99
Pretax Income	-25,998	-10,065	4,353	340.12	1,699	1,939
Income Tax Expense	-1,609	781.85	987.36	148.64	-455.18	32.04
Earnings From Continuing Operations	-24,390	-10,847	3,366	191.49	2,154	1,907
Minority Interest in Earnings	816.68	-173.53	-1,273	-302.82	-258.47	-134.64
Net Income	-23,573	-11,021	2,093	-111.34	1,895	1,773
Net Income to Common	-23,573	-11,021	2,093	-111.34	1,895	1,773
Net Income Growth	-	-	-	-	6.93%	447.02%
Shares Outstanding (Basic)	335	335	335	335	335	335
Shares Outstanding (Diluted)	335	335	335	335	335	335
Shares Change (YoY)	0.00%	-	-	-	-	-
EPS (Basic)	-70.27	-32.85	6.24	-0.33	5.65	5.28
EPS (Diluted)	-70.27	-32.85	6.24	-0.33	5.65	5.28
EPS Growth	-	-	-	-	6.93%	447.02%
Free Cash Flow	4,959	-8,849	4,547	-10,063	385.3	1,609
Free Cash Flow Per Share	14.78	-26.38	13.55	-30.00	1.15	4.79
Dividend Per Share	-	-	-	-	-	7.037
Gross Margin	14.46%	20.88%	22.25%	17.00%	27.74%	27.93%
Operating Margin	-10.88%	0.96%	4.28%	0.70%	13.45%	13.08%
Profit Margin	-19.95%	-7.72%	1.29%	-0.10%	5.83%	8.23%
Free Cash Flow Margin	4.20%	-6.20%	2.81%	-9.05%	1.19%	7.47%
EBITDA	-7,938	5,969	11,903	3,535	5,028	3,351
EBITDA Margin	-6.72%	4.18%	7.35%	3.18%	15.47%	15.55%
D&A For EBITDA	4,918	4,601	4,974	2,754	656.31	532.89
EBIT	-12,857	1,368	6,929	780.65	4,372	2,818
EBIT Margin	-10.88%	0.96%	4.28%	0.70%	13.45%	13.08%
Effective Tax Rate	-	-	22.68%	43.70%	-	1.65%
Advertising Expenses	-	1,985	1,438	1,016	330.39	219.04

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