IST:MCARD 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	2,436	2,156	1,332
Revenue Growth (YoY)	12.95%	61.94%	-
Cost of Revenue	1,668	1,447	934.89
Gross Profit	767.52	709.45	396.75
Selling, General & Admin	459.46	297.62	206.98
Research & Development	35.03	33.69	22.81
Other Operating Expenses	7.45	27.07	4.03
Operating Expenses	501.94	358.38	233.81
Operating Income	265.58	351.08	162.93
Interest Expense	-118.5	-28.76	-24.73
Interest & Investment Income	792.6	731.02	323.64
Earnings From Equity Investments	71.37	107.96	39.33
Currency Exchange Gain (Loss)	1.51	1.1	0.2
Other Non Operating Income (Expenses)	-39.32	-25.03	-74.83
EBT Excluding Unusual Items	973.25	1,137	426.55
Gain (Loss) on Sale of Investments	-1.85	-10.07	-20.36
Gain (Loss) on Sale of Assets	1.01	-	13.89
Pretax Income	972.41	1,127	420.08
Income Tax Expense	237.74	364.21	41.92
Net Income	734.67	763.1	378.16
Preferred Dividends & Other Adjustments	-31.61	-	-
Net Income to Common	766.28	763.1	378.16
Net Income Growth	-3.72%	101.79%	-
Shares Outstanding (Basic)	80	80	20
Shares Outstanding (Diluted)	80	80	20
Shares Change (YoY)	-	300.00%	-
EPS (Basic)	9.58	9.54	18.91
EPS (Diluted)	9.58	9.54	18.91
EPS Growth	0.42%	-49.55%	-
Gross Margin	31.51%	32.90%	29.79%
Operating Margin	10.90%	16.28%	12.24%
Profit Margin	31.46%	35.39%	28.40%
EBITDA	474.88	493.72	282.23
EBITDA Margin	19.50%	22.89%	21.19%
D&A For EBITDA	209.3	142.64	119.29
EBIT	265.58	351.08	162.93
EBIT Margin	10.90%	16.28%	12.24%
Effective Tax Rate	24.45%	32.31%	9.98%

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