IST:VESTL Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	138,250	186,831	162,016	111,125	32,506
Revenue Growth (YoY)	-26.00%	15.32%	45.80%	241.86%	50.87%
Cost of Revenue	115,793	147,813	125,961	92,235	23,487
Gross Profit	22,457	39,018	36,055	18,890	9,019
Selling, General & Admin	28,234	31,267	24,364	15,274	4,038
Research & Development	2,891	2,949	2,800	1,687	405.7
Other Operating Expenses	2,140	1,445	1,962	1,149	202.69
Operating Expenses	33,265	35,661	29,126	18,109	4,647
Operating Income	-10,808	3,357	6,929	780.65	4,372
Interest Expense	-22,018	-19,375	-8,054	-4,317	-1,309
Interest & Investment Income	8,855	8,972	4,676	5,847	838.24
Earnings From Equity Investments	-3,599	-4,602	1,271	1,631	-66.46
Currency Exchange Gain (Loss)	-7,481	-5,497	-10,436	2,759	-1,119
Other Non Operating Income (Expenses)	5,523	3,971	9,965	-6,360	-1,017
EBT Excluding Unusual Items	-29,529	-13,175	4,353	340.12	1,699
Merger & Restructuring Charges	-1,544	-	-	-	-
Pretax Income	-31,073	-13,175	4,353	340.12	1,699
Income Tax Expense	41.18	1,023	987.36	148.64	-455.18
Earnings From Continuing Operations	-31,114	-14,198	3,366	191.49	2,154
Minority Interest in Earnings	1,433	-227.13	-1,273	-302.82	-258.47
Net Income	-29,681	-14,425	2,093	-111.34	1,895
Net Income to Common	-29,681	-14,425	2,093	-111.34	1,895
Net Income Growth	-	-	-	-	6.93%
Shares Outstanding (Basic)	335	335	335	335	335
Shares Outstanding (Diluted)	335	335	335	335	335
EPS (Basic)	-88.48	-43.00	6.24	-0.33	5.65
EPS (Diluted)	-88.48	-43.00	6.24	-0.33	5.65
EPS Growth	-	-	-	-	6.93%
Free Cash Flow	4,283	-11,062	4,547	-10,063	385.3
Free Cash Flow Per Share	12.77	-32.98	13.55	-30.00	1.15
Gross Margin	16.24%	20.88%	22.25%	17.00%	27.74%
Operating Margin	-7.82%	1.80%	4.28%	0.70%	13.45%
Profit Margin	-21.47%	-7.72%	1.29%	-0.10%	5.83%
Free Cash Flow Margin	3.10%	-5.92%	2.81%	-9.05%	1.19%
EBITDA	-5,181	8,732	11,903	3,535	5,028
EBITDA Margin	-3.75%	4.67%	7.35%	3.18%	15.47%
D&A For EBITDA	5,627	5,375	4,974	2,754	656.31
EBIT	-10,808	3,357	6,929	780.65	4,372
EBIT Margin	-7.82%	1.80%	4.28%	0.70%	13.45%
Effective Tax Rate	-	-	22.68%	43.70%	-
Advertising Expenses	1,328	2,598	1,438	1,016	330.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.