Ziraat Gayrimenkul Yatirim Ortakligi A.S. (IST:ZRGYO)

IST:ZRGYO 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
Gain (Loss) on Sale of Assets (Rev)	2,096	2,023	3,943	995.7	88.89	-
Other Revenue	1,704	1,445	1,127	519.09	98.32	70.7
Total Revenue	3,801	3,468	5,070	1,515	187.21	70.7
Revenue Growth (YoY	14.62%	-31.60%	234.69%	709.13%	164.78%	60.61%
Property Expenses	1,334	1,234	3,912	801.41	97.06	83.76
Selling, General & Administrative	195.4	187.95	187.49	87.25	43.56	14.2
Other Operating Expenses	390.65	374.59	-16.4	37.89	-9.11	5.66
Total Operating Expenses	1,920	1,797	4,083	926.55	131.51	103.62
Operating Income	1,880	1,671	986.65	588.23	55.71	-32.92
Interest Expense	-1,962	-2,368	-876.42	-63.72	-4.24	-2.64
Interest & Investment Income	108.34	176.88	121.21	61	132.7	6.57
Currency Exchange Gain (Loss)	85.67	58.04	401.46	133.89	80.55	19.96
Other Non-Operating Income	41.23	265.26	-1,289	-2,075	-	-
EBT Excluding Unusual Items	153.43	-196.18	-656.25	-1,355	264.72	-9.03
Gain (Loss) on Sale of Assets	-	-	-	-	-	74.24
Asset Writedown	5,633	5,633	6,648	10,468	1,047	312.82
Total Legal Settlements	-	-	-	-	10.13	-
Pretax Income	5,787	5,437	5,992	9,113	1,322	378.04
Income Tax Expense	1,056	2,379	2.44	0.95	1.77	0.28
Net Income	4,730	3,057	5,989	9,112	1,320	377.76
Net Income to Common	4,730	3,057	5,989	9,112	1,320	377.76
Net Income Growth	-11.21%	-48.95%	-34.27%	590.18%	249.49%	197.42%
Basic Shares Outstanding	4,694	4,694	4,694	4,694	4,289	2,368
Diluted Shares Outstanding	4,694	4,694	4,694	4,694	4,289	2,368
Shares Change (YoY)	-	-	-	9.45%	81.13%	82.13%
EPS (Basic)	1.01	0.65	1.28	1.94	0.31	0.16
EPS (Diluted)	1.01	0.65	1.28	1.94	0.31	0.16
EPS Growth	-11.21%	-48.95%	-34.27%	530.61%	92.95%	63.30%
Dividend Per Share	-	-	0.042	0.005	0.003	-
Dividend Growth	-	-	752.75%	54.67%	-	-
Operating Margin	49.48%	48.19%	19.46%	38.83%	29.76%	-46.56%
Profit Margin	124.47%	88.16%	118.13%	601.54%	705.21%	534.29%
EBITDA	1,885	1,681	995.27	594.24	56.64	-32.75
EBITDA Margin	49.60%	48.49%	19.63%	39.23%	30.25%	-46.32%
D&A For Ebitda	4.88	10.28	8.61	6.01	0.93	0.17
EBIT	1,880	1,671	986.65	588.23	55.71	-32.92
EBIT Margin	49.48%	48.19%	19.46%	38.83%	29.76%	-46.56%
Effective Tax Rate	18.25%	43.77%	0.04%	0.01%	0.13%	0.07%

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