IST:EMPAE 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	3,625	3,525	5,093
Revenue Growth (YoY)	2.81%	-30.78%	-
Cost of Revenue	2,876	2,809	4,055
Gross Profit	748.42	716.94	1,039
Selling, General & Admin	370.8	308.36	300.35
Research & Development	11.53	-	0.05
Other Operating Expenses	4.96	-13.2	-0.5
Operating Expenses	387.29	295.16	299.91
Operating Income	361.13	421.78	738.82
Interest Expense	-30.09	-16.14	-17.9
Interest & Investment Income	16.97	42.86	16.03
Currency Exchange Gain (Loss)	105.36	86.06	232.5
Other Non Operating Income (Expenses)	-262.09	-373.72	-467.57
EBT Excluding Unusual Items	191.29	160.84	501.88
Gain (Loss) on Sale of Investments	-0.58	-	-
Pretax Income	190.71	160.84	501.88
Income Tax Expense	108	72.49	196.51
Net Income	82.71	88.35	305.36
Net Income to Common	82.71	88.35	305.36
Net Income Growth	-6.38%	-71.07%	-
Shares Outstanding (Basic)	141	141	141
Shares Outstanding (Diluted)	141	141	141
EPS (Basic)	0.59	0.63	2.17
EPS (Diluted)	0.59	0.63	2.17
EPS Growth	-6.38%	-71.07%	-
Free Cash Flow	-135.01	30.55	425.7
Free Cash Flow Per Share	-0.96	0.22	3.02
Gross Margin	20.65%	20.34%	20.39%
Operating Margin	9.96%	11.96%	14.51%
Profit Margin	2.28%	2.51%	6.00%
Free Cash Flow Margin	-3.72%	0.87%	8.36%
EBITDA	369.23	424.7	741.61
EBITDA Margin	10.19%	12.05%	14.56%
D&A For EBITDA	8.1	2.92	2.79
EBIT	361.13	421.78	738.82
EBIT Margin	9.96%	11.96%	14.51%
Effective Tax Rate	56.63%	45.07%	39.16%
Advertising Expenses	3.43	3.19	1.55

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