Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO)

IST:VKGYO Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	6,080	6,080	2,048	-	-	-
Other Revenue	941.05	-	-	6,239	91.6	77.71
Total Revenue	7,021	6,080	2,048	6,239	91.6	77.71
Revenue Growth (YoY	236.22%	196.92%	-67.18%	6711.47%	17.86%	254.36%
Property Expenses	249	4,997	1,305	5,834	49.42	64.57
Selling, General & Administrative	280.7	266.89	257.8	158.78	36.48	16.84
Other Operating Expenses	-306.27	-24.85	67.08	-2.4	5.01	-0.72
Total Operating Expenses	223.43	5,239	1,630	5,990	90.91	80.68
Operating Income	6,797	840.42	417.63	249.07	0.69	-2.96
Interest Expense	1.19	-8.69	-133.71	-39.92	-13.08	-11.17
Interest & Investment Income	-187.12	-	-	449.36	148.14	46.86
Currency Exchange Gain (Loss)	-	-	-	-0	-0.03	-
Other Non-Operating Income	1.25	-433.3	-290.66	310.64	-1.22	-0.56
EBT Excluding Unusual Items	6,612	398.43	-6.74	969.15	134.49	32.16
Gain (Loss) on Sale of Investments	-	-	-11.15	31.82	1	-
Gain (Loss) on Sale of Assets	-4,571	-	-	13.46	7.5	-
Asset Writedown	1,818	4,855	1,945	731.92	331.69	86.43
Other Unusual Items	-0.07	-	1.51	0.26	-	-
Pretax Income	3,859	5,253	1,928	1,747	474.69	118.59
Income Tax Expense	2,437	2,216	-	-	-	-
Net Income	1,421	3,037	1,928	1,747	474.69	118.59
Net Income to Common	1,421	3,037	1,928	1,747	474.69	118.59
Net Income Growth	-75.16%	57.51%	10.40%	267.95%	300.27%	23.34%
Basic Shares Outstanding	-	3,450	3,450	2,300	1,795	996
Diluted Shares Outstanding	-	3,450	3,450	2,300	1,795	996
Shares Change (YoY)	-	-	50.00%	28.17%	80.10%	75.14%
EPS (Basic)	-	0.88	0.56	0.76	0.26	0.12
EPS (Diluted)	-	0.88	0.56	0.76	0.26	0.12
EPS Growth	-	57.51%	-26.40%	187.08%	122.24%	-29.58%
Operating Margin	96.82%	13.82%	20.40%	3.99%	0.75%	-3.82%
Profit Margin	20.25%	49.96%	94.17%	27.99%	518.24%	152.60%
EBITDA	6,799	842.94	419.4	252.04	1.23	-2.85
EBITDA Margin	96.84%	13.87%	20.48%	4.04%	1.34%	-3.67%
D&A For Ebitda	1.87	2.52	1.77	2.97	0.54	0.11
EBIT	6,797	840.42	417.63	249.07	0.69	-2.96
EBIT Margin	96.82%	13.82%	20.40%	3.99%	0.75%	-3.82%
Effective Tax Rate	63.16%	42.18%	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.