IST:VSNMD 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	FY
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	1,425	1,459	1,422	1,396	924.17
Revenue Growth (YoY)	-2.33%	2.58%	1.87%	51.07%	-
Cost of Revenue	1,157	1,217	1,047	848.64	620.57
Gross Profit	267.91	241.68	375.04	547.51	303.6
Selling, General & Admin	321.74	291.33	224.31	137.79	91.85
Research & Development	0.96	0.56	-	-	-
Other Operating Expenses	-64.5	-64.81	-22.34	-5.74	-8.36
Operating Expenses	258.21	227.08	201.97	265.29	150.65
Operating Income	9.7	14.61	173.08	282.22	152.95
Interest Expense	-18.52	-41.81	-54.94	-67.93	-60.31
Interest & Investment Income	218.12	22.89	58.11	4.68	8.36
Currency Exchange Gain (Loss)	4.32	-0.65	-8.94	-9.72	2.14
Other Non Operating Income (Expenses)	-150.41	-32.14	73.95	95.29	16.18
EBT Excluding Unusual Items	63.21	-37.11	241.26	304.55	119.32
Gain (Loss) on Sale of Investments	-2.75	-1.76	-18.9	-	-
Legal Settlements	-	-0.77	-2.18	-	-
Other Unusual Items	-	-	-1.06	2.42	0.5
Pretax Income	61.31	-39.57	219.58	306.97	119.83
Income Tax Expense	-3.27	-6.07	17.77	30.5	-144.76
Net Income	64.58	-33.5	201.81	276.47	264.59
Net Income to Common	64.58	-33.5	201.81	276.47	264.59
Net Income Growth	-	-	-27.00%	4.49%	-
Shares Outstanding (Basic)	114	100	43	32	32
Shares Outstanding (Diluted)	114	100	43	32	32
Shares Change (YoY)	13.97%	130.77%	35.42%	-	-
EPS (Basic)	0.57	-0.34	4.66	8.64	8.27
EPS (Diluted)	0.57	-0.34	4.66	8.64	8.27
EPS Growth	-	-	-46.10%	4.49%	-
Free Cash Flow	-51.13	-162.91	255.47	-53.61	-369.45
Free Cash Flow Per Share	-0.45	-1.63	5.90	-1.68	-11.54
Dividend Per Share	-	0.390	-	-	-
Gross Margin	18.80%	16.57%	26.37%	39.22%	32.85%
Operating Margin	0.68%	1.00%	12.17%	20.21%	16.55%
Profit Margin	4.53%	-2.30%	14.19%	19.80%	28.63%
Free Cash Flow Margin	-3.59%	-11.17%	17.96%	-3.84%	-39.98%
EBITDA	312.96	334.41	388.44	415.46	220.11
EBITDA Margin	21.96%	22.92%	27.31%	29.76%	23.82%
D&A For EBITDA	303.26	319.81	215.36	133.23	67.16
EBIT	9.7	14.61	173.08	282.22	152.95
EBIT Margin	0.68%	1.00%	12.17%	20.21%	16.55%
Effective Tax Rate	-	-	8.09%	9.93%	-

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