Bulls Girisim Sermayesi Yatirim Ortakligi A.S. (IST:BULGS)

IST:BULGS Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,329	3,281	640.47	257.59	122.1
Revenue Growth (YoY)	-61.48%	412.24%	148.64%	110.97%	-
Cost of Revenue	1,248	997.86	364.32	233.47	105.61
Gross Profit	81.86	2,283	276.15	24.12	16.49
Selling, General & Admin	41.79	37.53	15.21	8.35	5.82
Other Operating Expenses	1	-1.64	3.96	0.19	0.73
Operating Expenses	42.79	35.89	19.17	8.54	6.55
Operating Income	39.07	2,247	256.98	15.58	9.94
Interest Expense	-0.5	-4.77	-0.9	-0.82	-1.59
Currency Exchange Gain (Loss)	-	-	-	-	15.16
Other Non Operating Income (Expenses)	-245.41	-980.98	-34.04	-15.99	-29.28
EBT Excluding Unusual Items	-206.84	1,261	222.04	-1.23	-5.78
Gain (Loss) on Sale of Investments	1,084	122.89	1,581	-0.48	78.27
Pretax Income	877.53	1,384	1,803	-1.71	72.49
Net Income	877.53	1,384	1,803	-1.71	72.49
Net Income to Common	877.53	1,384	1,803	-1.71	72.49
Net Income Growth	-52.40%	-23.23%	-	-	-
Shares Outstanding (Basic)	251	200	40	30	30
Shares Outstanding (Diluted)	251	200	40	30	30
Shares Change (YoY)	56.88%	400.00%	33.33%	-	-
EPS (Basic)	3.50	6.92	45.08	-0.06	2.42
EPS (Diluted)	3.50	6.92	45.08	-0.06	2.42
EPS Growth	-69.66%	-84.65%	-	-	-
Free Cash Flow	-136.62	1,251	1,906	0.7	-5.99
Free Cash Flow Per Share	-0.54	6.25	47.65	0.02	-0.20
Gross Margin	6.16%	69.58%	43.12%	9.36%	13.50%
Operating Margin	2.94%	68.49%	40.12%	6.05%	8.14%
Profit Margin	66.01%	42.19%	281.51%	-0.66%	59.37%
Free Cash Flow Margin	-10.28%	38.13%	297.60%	0.27%	-4.91%
EBITDA	29.78	2,248	257.07	15.68	10.01
EBITDA Margin	2.24%	68.51%	40.14%	6.09%	8.20%
D&A For EBITDA	-9.29	0.68	0.09	0.1	0.07
EBIT	39.07	2,247	256.98	15.58	9.94
EBIT Margin	2.94%	68.49%	40.12%	6.05%	8.14%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.