Imas Makina Sanayi A.S. Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,130	2,164	1,839	1,196	272.8
Revenue Growth (YoY)	72.14%	17.65%	53.80%	338.36%	-
Cost of Revenue	1,264	1,337	1,228	874.97	170.27
Gross Profit	865.7	826.41	611.15	320.86	102.52
Selling, General & Admin	425.08	387.38	294.47	194.47	63.22
Research & Development	78.05	83.37	99.01	16.19	18.01
Other Operating Expenses	-54.86	-23.97	-27.85	179.24	-4.34
Operating Expenses	448.26	446.79	365.63	389.9	76.89
Operating Income	417.44	379.62	245.52	-69.03	25.63
Interest Expense	-125.82	-101.84	-58.96	-29.44	-15.2
Interest & Investment Income	49.15	52.62	94.13	141.79	33.2
Currency Exchange Gain (Loss)	91.67	91.67	108.95	229.21	17.36
Other Non Operating Income (Expenses)	-234.95	-100.35	-302.55	35.89	-0.23
EBT Excluding Unusual Items	197.5	321.72	87.09	308.41	60.76
Gain (Loss) on Sale of Investments	-93.85	-	21.05	-	-
Pretax Income	103.65	321.72	108.14	308.41	60.76
Income Tax Expense	85.21	63.71	64.66	25.99	9.99
Earnings From Continuing Operations	18.44	258.02	43.48	282.43	50.78
Minority Interest in Earnings	19.54	15.16	3.57	-	-
Net Income	37.98	273.18	47.04	282.43	50.78
Net Income to Common	37.98	273.18	47.04	282.43	50.78
Net Income Growth	-72.48%	480.72%	-83.34%	456.22%	-
Shares Outstanding (Basic)	1,092	925	925	925	750
Shares Outstanding (Diluted)	1,092	925	925	925	750
Shares Change (YoY)	14.90%	-	-	23.33%	-
EPS (Basic)	0.03	0.30	0.05	0.31	0.07
EPS (Diluted)	0.03	0.30	0.05	0.31	0.07
EPS Growth	-76.05%	480.72%	-83.34%	351.00%	-
Free Cash Flow	-69.13	79.45	44.78	-105.25	35.9
Free Cash Flow Per Share	-0.06	0.09	0.05	-0.11	0.05
Gross Margin	40.65%	38.19%	33.23%	26.83%	37.58%
Operating Margin	19.60%	17.54%	13.35%	-5.77%	9.40%
Profit Margin	1.78%	12.63%	2.56%	23.62%	18.61%
Free Cash Flow Margin	-3.25%	3.67%	2.44%	-8.80%	13.16%
EBITDA	467.71	419.85	281.16	-48.36	30.06
EBITDA Margin	21.96%	19.40%	15.29%	-4.04%	11.02%
D&A For EBITDA	50.27	40.22	35.64	20.67	4.42
EBIT	417.44	379.62	245.52	-69.03	25.63
EBIT Margin	19.60%	17.54%	13.35%	-5.77%	9.40%
Effective Tax Rate	82.21%	19.80%	59.80%	8.43%	16.43%
Advertising Expenses	-	3.03	17.32	20.08	2.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.