IST:ZOREN 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	36,197	38,819	39,389	38,806	11,635
Revenue Growth (YoY)	-6.75%	-1.45%	1.50%	233.53%	35.62%
Operations & Maintenance	596.33	1,269	962.69	727.69	131.49
Selling, General & Admin	2,157	2,403	2,002	1,114	362.94
Other Operating Expenses	33,976	33,619	33,937	33,022	8,801
Total Operating Expenses	36,729	37,291	36,902	34,864	9,296
Operating Income	-531.33	1,528	2,487	3,942	2,339
Interest Expense	-9,936	-15,686	-10,941	-6,814	-2,029
Interest Income	14,683	13,210	11,612	2,611	793.98
Net Interest Expense	4,747	-2,477	671.47	-4,203	-1,235
Income (Loss) on Equity Investments	-1,024	1,048	196.69	153.53	29.49
Currency Exchange Gain (Loss)	-11,751	-12,088	-8,694	-5,797	-1,246
Other Non-Operating Income (Expenses)	982.46	246.19	12,100	16,072	-83.58
EBT Excluding Unusual Items	-7,576	-11,743	6,762	10,168	-195.07
Gain (Loss) on Sale of Investments	-3,098	-	-4.13	-0.03	-
Insurance Settlements	145.16	-	-	-	-
Pretax Income	-10,529	-11,743	6,758	10,168	-195.07
Income Tax Expense	4,179	-5,906	-8,809	2,869	-35.64
Earnings From Continuing Ops.	-14,708	-5,837	15,567	7,299	-159.43
Earnings From Discontinued Ops.	-	2,742	293.94	2,210	-
Net Income to Company	-14,708	-3,095	15,861	9,509	-159.43
Minority Interest in Earnings	0.8	0.94	-93.33	-15.24	72.99
Net Income	-14,707	-3,094	15,768	9,493	-86.45
Net Income to Common	-14,707	-3,094	15,768	9,493	-86.45
Net Income Growth	-	-	66.09%	-	-
Shares Outstanding (Basic)	5,000	5,000	5,000	2,784	2,161
Shares Outstanding (Diluted)	5,000	5,000	5,000	2,784	2,161
Shares Change (YoY)	-	-	79.59%	28.82%	8.28%
EPS (Basic)	-2.94	-0.62	3.15	3.41	-0.04
EPS (Diluted)	-2.94	-0.62	3.15	3.41	-0.04
EPS Growth	-	-	-7.52%	-	-
Free Cash Flow	-650.33	7,016	15,504	2,224	1,674
Free Cash Flow Per Share	-0.13	1.40	3.10	0.80	0.78
Profit Margin	-40.63%	-7.97%	40.03%	24.46%	-0.74%
Free Cash Flow Margin	-1.80%	18.07%	39.36%	5.73%	14.39%
EBITDA	5,605	7,734	8,479	7,484	2,997
EBITDA Margin	15.48%	19.92%	21.53%	19.29%	25.76%
D&A For EBITDA	6,136	6,206	5,992	3,542	657.84
EBIT	-531.33	1,528	2,487	3,942	2,339
EBIT Margin	-1.47%	3.94%	6.31%	10.16%	20.11%
Effective Tax Rate	-	-	-	28.22%	-

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