IST:VSNMD 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	FY
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,027	1,115	1,422	1,396	924.17
Revenue Growth (YoY)	-27.77%	-21.63%	1.87%	51.07%	-
Cost of Revenue	904.51	929.96	1,047	848.64	620.57
Gross Profit	122.78	184.64	375.04	547.51	303.6
Selling, General & Admin	239.38	222.57	224.31	137.79	91.85
Research & Development	0.4	0.43	-	-	-
Other Operating Expenses	-44.44	-49.52	-22.34	-5.74	-8.36
Operating Expenses	195.34	173.48	201.97	265.29	150.65
Operating Income	-72.57	11.16	173.08	282.22	152.95
Interest Expense	-25.43	-31.94	-54.94	-67.93	-60.31
Interest & Investment Income	100.96	17.48	58.11	4.68	8.36
Currency Exchange Gain (Loss)	0.7	-0.5	-8.94	-9.72	2.14
Other Non Operating Income (Expenses)	-55.34	-24.56	73.95	95.29	16.18
EBT Excluding Unusual Items	-51.68	-28.35	241.26	304.55	119.32
Gain (Loss) on Sale of Investments	-1.49	-1.34	-18.9	-	-
Legal Settlements	-0.59	-0.59	-2.18	-	-
Other Unusual Items	-	-	-1.06	2.42	0.5
Pretax Income	-53.69	-30.23	219.58	306.97	119.83
Income Tax Expense	-43.53	-4.63	17.77	30.5	-144.76
Net Income	-10.16	-25.6	201.81	276.47	264.59
Net Income to Common	-10.16	-25.6	201.81	276.47	264.59
Net Income Growth	-	-	-27.00%	4.49%	-
Shares Outstanding (Basic)	105	100	43	32	32
Shares Outstanding (Diluted)	105	100	43	32	32
Shares Change (YoY)	143.34%	130.77%	35.42%	-	-
EPS (Basic)	-0.10	-0.26	4.66	8.64	8.27
EPS (Diluted)	-0.10	-0.26	4.66	8.64	8.27
EPS Growth	-	-	-46.10%	4.49%	-
Free Cash Flow	-104.2	-124.46	255.47	-53.61	-369.45
Free Cash Flow Per Share	-0.99	-1.25	5.90	-1.68	-11.54
Gross Margin	11.95%	16.57%	26.37%	39.22%	32.85%
Operating Margin	-7.06%	1.00%	12.17%	20.21%	16.55%
Profit Margin	-0.99%	-2.30%	14.19%	19.80%	28.63%
Free Cash Flow Margin	-10.14%	-11.17%	17.96%	-3.84%	-39.98%
EBITDA	171.26	255.49	388.44	415.46	220.11
EBITDA Margin	16.67%	22.92%	27.31%	29.76%	23.82%
D&A For EBITDA	243.83	244.33	215.36	133.23	67.16
EBIT	-72.57	11.16	173.08	282.22	152.95
EBIT Margin	-7.06%	1.00%	12.17%	20.21%	16.55%
Effective Tax Rate	-	-	8.09%	9.93%	-

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