TAVHY 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
Operating Revenue	82,151	59,211	34,433	18,308	7,839
Revenue	82,151	59,211	34,433	18,308	7,839
Revenue Growth (YoY)	38.74%	71.96%	88.07%	133.56%	186.29%
Cost of Revenue	49,024	36,753	20,938	10,807	4,312
Gross Profit	33,127	22,458	13,495	7,501	3,527
Selling, General & Admin	16,797	12,087	6,777	3,836	193.43
Other Operating Expenses	-389.19	-677.57	-53.45	-140.21	1,107
Operating Expenses	16,407	11,409	6,724	3,696	2,445
Operating Income	16,719	11,049	6,771	3,805	1,082
Interest Expense	-10,901	-5,882	-4,020	-2,177	-1,356
Interest & Investment Income	2,800	2,406	1,088	317.42	99.82
Earnings From Equity Investments	-2,438	2,178	4,488	826.19	-341.57
Currency Exchange Gain (Loss)	-	-313.35	-573.15	-185.06	119.12
Other Non Operating Income (Expenses)	5.55	279.5	1,001	-341.81	1,645
EBT Excluding Unusual Items	6,186	9,717	8,754	2,245	1,248
Impairment of Goodwill	-	-	-	-	-6.13
Asset Writedown	-	-1,123	-295.52	178.87	-
Pretax Income	6,186	8,594	8,459	2,424	1,242
Income Tax Expense	2,635	1,531	675.55	361.46	472.46
Earnings From Continuing Operations	3,552	7,063	7,783	2,063	769.91
Earnings From Discontinued Operations	-11.38	-3.83	-5.85	-15.91	-19.84
Net Income to Company	3,540	7,059	7,777	2,047	750.08
Minority Interest in Earnings	-724.31	-501.36	-247.35	-147.58	-78.58
Net Income	2,816	6,558	7,530	1,899	671.5
Net Income to Common	2,816	6,558	7,530	1,899	671.5
Net Income Growth	-57.06%	-12.91%	296.51%	182.81%	-
Shares Outstanding (Basic)	363	363	363	362	361
Shares Outstanding (Diluted)	363	363	363	362	361
Shares Change (YoY)	0.03%	-	0.47%	0.10%	-0.56%
EPS (Basic)	7.75	18.05	20.73	5.25	1.86
EPS (Diluted)	7.75	18.05	20.73	5.25	1.86
EPS Growth	-57.08%	-12.91%	294.65%	182.55%	-
Free Cash Flow	7,251	2,252	-3,828	2,533	3,255
Free Cash Flow Per Share	19.95	6.20	-10.54	7.01	9.01
Gross Margin	40.32%	37.93%	39.19%	40.97%	45.00%
Operating Margin	20.35%	18.66%	19.66%	20.78%	13.80%
Profit Margin	3.43%	11.08%	21.87%	10.37%	8.57%
Free Cash Flow Margin	8.83%	3.80%	-11.12%	13.84%	41.53%
EBITDA	25,678	15,837	9,775	5,450	2,092
EBITDA Margin	31.26%	26.75%	28.39%	29.77%	26.68%
D&A For EBITDA	8,959	4,789	3,004	1,645	1,010
EBIT	16,719	11,049	6,771	3,805	1,082
EBIT Margin	20.35%	18.66%	19.66%	20.78%	13.80%
Effective Tax Rate	42.59%	17.82%	7.99%	14.91%	38.03%

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