IST:DOFRB 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,012	628.32	422.89	156.34
Revenue Growth (YoY)	61.06%	48.58%	170.49%	-
Cost of Revenue	345.69	214.69	130.93	83.76
Gross Profit	666.28	413.63	291.97	72.59
Selling, General & Admin	339.87	117.07	62.3	29.78
Research & Development	37.6	24.58	11.35	4.52
Other Operating Expenses	-6.8	-11.02	17.51	8.1
Operating Expenses	370.68	130.63	91.17	42.39
Operating Income	295.61	283	200.8	30.2
Interest Expense	-120.42	-65.56	-20.2	-8.82
Interest & Investment Income	115.05	1.49	1.43	0.46
Currency Exchange Gain (Loss)	-40.92	-44.6	-4.92	3.5
EBT Excluding Unusual Items	249.32	174.33	177.12	25.34
Gain (Loss) on Sale of Investments	-	-0.89	-12.2	-8.28
Pretax Income	249.32	173.44	164.92	17.06
Income Tax Expense	-2.3	-	-2.16	-0.03
Earnings From Continuing Operations	251.62	173.44	167.08	17.09
Minority Interest in Earnings	-6.67	-8.93	0.11	-
Net Income	244.95	164.51	167.19	17.09
Net Income to Common	244.95	164.51	167.19	17.09
Net Income Growth	48.89%	-1.60%	878.14%	-
Shares Outstanding (Basic)	155	125	125	125
Shares Outstanding (Diluted)	155	125	125	125
Shares Change (YoY)	24.00%	-	-	-
EPS (Basic)	1.58	1.32	1.34	0.14
EPS (Diluted)	1.58	1.32	1.34	0.14
EPS Growth	20.08%	-1.60%	878.15%	-
Free Cash Flow	-778.96	-141.41	38.87	-30.23
Free Cash Flow Per Share	-5.03	-1.13	0.31	-0.24
Gross Margin	65.84%	65.83%	69.04%	46.43%
Operating Margin	29.21%	45.04%	47.48%	19.32%
Profit Margin	24.20%	26.18%	39.53%	10.93%
Free Cash Flow Margin	-76.98%	-22.51%	9.19%	-19.34%
EBITDA	314.95	290.38	206.35	34.48
EBITDA Margin	31.12%	46.22%	48.80%	22.05%
D&A For EBITDA	19.35	7.38	5.55	4.28
EBIT	295.61	283	200.8	30.2
EBIT Margin	29.21%	45.04%	47.48%	19.32%
Advertising Expenses	4.82	2.3	0.4	0.19

Source: S&P Capital IQ. Standard template. Financial Sources.