IST:ZRGYO 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
Rental Revenue	3,466	4,539	-	-	-
Gain (Loss) on Sale of Assets (Rev)	-	-	-	995.7	88.89
Other Revenue	-	-	5,070	519.09	98.32
Total Revenue	3,466	4,539	5,070	1,515	187.21
Revenue Growth (YoY	-23.64%	-10.47%	234.69%	709.13%	164.78%
Property Expenses	1,106	1,615	3,912	801.41	97.06
Selling, General & Administrative	314.1	328.02	237.33	87.25	43.56
Other Operating Expenses	-35.16	-20.55	-66.24	37.89	-9.11
Total Operating Expenses	1,385	1,923	4,083	926.55	131.51
Operating Income	2,081	2,616	986.65	588.23	55.71
Interest Expense	-2,259	-3,099	-876.42	-63.72	-4.24
Interest & Investment Income	181.19	231.52	121.21	61	132.7
Currency Exchange Gain (Loss)	50.19	75.97	401.46	133.89	80.55
Other Non-Operating Income	1,683	347.21	-1,289	-2,075	-
EBT Excluding Unusual Items	1,737	172.07	-656.25	-1,355	264.72
Gain (Loss) on Sale of Investments	3.49	-	-	-	-
Asset Writedown	8,343	6,944	6,648	10,468	1,047
Total Legal Settlements	-	-	-	-	10.13
Pretax Income	10,083	7,116	5,992	9,113	1,322
Income Tax Expense	2,528	3,115	2.44	0.95	1.77
Net Income	7,556	4,002	5,989	9,112	1,320
Net Income to Common	7,556	4,002	5,989	9,112	1,320
Net Income Growth	88.80%	-33.18%	-34.27%	590.18%	249.49%
Basic Shares Outstanding	4,694	4,694	4,694	4,694	4,289
Diluted Shares Outstanding	4,694	4,694	4,694	4,694	4,289
Shares Change (YoY)	-	-	-	9.45%	81.13%
EPS (Basic)	1.61	0.85	1.28	1.94	0.31
EPS (Diluted)	1.61	0.85	1.28	1.94	0.31
EPS Growth	88.80%	-33.18%	-34.27%	530.61%	92.95%
Dividend Per Share	-	0.061	0.042	0.005	0.003
Dividend Growth	-	45.96%	752.75%	54.67%	-
Operating Margin	60.05%	57.64%	19.46%	38.83%	29.76%
Profit Margin	217.97%	88.16%	118.13%	601.54%	705.21%
EBITDA	2,083	2,630	995.27	594.24	56.64
EBITDA Margin	60.09%	57.94%	19.63%	39.23%	30.25%
D&A For Ebitda	1.56	13.45	8.61	6.01	0.93
EBIT	2,081	2,616	986.65	588.23	55.71
EBIT Margin	60.05%	57.64%	19.46%	38.83%	29.76%
Effective Tax Rate	25.07%	43.77%	0.04%	0.01%	0.13%

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