Ford Otomotiv Sanayi A.S. 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	830,828	594,995	594,705	322,556	71,101
Revenue Growth (YoY)	39.64%	0.05%	84.37%	353.66%	43.78%
Cost of Revenue	761,444	540,391	514,939	285,958	59,947
Gross Profit	69,384	54,604	79,766	36,599	11,154
Selling, General & Admin	26,184	19,279	19,193	8,913	2,055
Research & Development	8,300	6,170	7,665	2,851	680.52
Other Operating Expenses	-7,704	667.58	-408.02	-449.23	-207.55
Operating Expenses	26,781	26,117	26,450	11,315	2,528
Operating Income	42,603	28,488	53,317	25,284	8,626
Interest Expense	-56,633	-22,823	-15,445	-4,555	-950.39
Interest & Investment Income	37,903	19,266	14,672	2,748	1,470
Currency Exchange Gain (Loss)	-	2,931	11,743	-4,577	-389.17
Other Non Operating Income (Expenses)	15,873	9,754	4,297	6,615	-32.86
EBT Excluding Unusual Items	39,747	37,617	68,584	25,514	8,724
Gain (Loss) on Sale of Investments	-280.17	-609.65	-106.95	-67.03	-37.56
Pretax Income	39,467	37,007	68,477	25,447	8,687
Income Tax Expense	5,481	-1,856	-2,350	-2,283	-114.25
Net Income	33,986	38,864	70,826	27,730	8,801
Net Income to Common	33,986	38,864	70,826	27,730	8,801
Net Income Growth	-12.55%	-45.13%	155.41%	215.08%	109.80%
Shares Outstanding (Basic)	3,509	3,509	3,509	3,509	3,509
Shares Outstanding (Diluted)	3,509	3,509	3,509	3,509	3,509
EPS (Basic)	9.69	11.08	20.18	7.90	2.51
EPS (Diluted)	9.69	11.08	20.18	7.90	2.51
EPS Growth	-12.55%	-45.13%	155.41%	215.08%	109.80%
Free Cash Flow	79,733	-3,146	33,656	22,811	7,089
Free Cash Flow Per Share	22.72	-0.90	9.59	6.50	2.02
Dividend Per Share	-	3.135	7.306	1.995	1.300
Dividend Growth	-	-57.09%	266.22%	53.46%	102.49%
Gross Margin	8.35%	9.18%	13.41%	11.35%	15.69%
Operating Margin	5.13%	4.79%	8.96%	7.84%	12.13%
Profit Margin	4.09%	6.53%	11.91%	8.60%	12.38%
Free Cash Flow Margin	9.60%	-0.53%	5.66%	7.07%	9.97%
EBITDA	59,809	36,789	60,633	31,444	9,462
EBITDA Margin	7.20%	6.18%	10.20%	9.75%	13.31%
D&A For EBITDA	17,205	8,301	7,316	6,160	836.07
EBIT	42,603	28,488	53,317	25,284	8,626
EBIT Margin	5.13%	4.79%	8.96%	7.84%	12.13%
Effective Tax Rate	13.89%	-	-	-	-
Advertising Expenses	-	833.01	764.16	412.07	136.13

Source: S&P Global Market Intelligence. Standard template. Financial Sources.