IST:MARBL 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,015	2,392	1,656	1,163	537.04	311.49
Revenue Growth (YoY)	33.17%	44.47%	42.37%	116.54%	72.41%	-
Cost of Revenue	1,847	1,454	957.52	668	315.63	193.91
Gross Profit	1,168	937.68	698.11	494.92	221.41	117.59
Selling, General & Admin	907.8	773.16	514.48	347.99	170.81	118.27
Other Operating Expenses	64.25	43.39	35.84	5.5	2.3	-8.85
Operating Expenses	972.05	816.56	550.32	353.49	173.12	109.42
Operating Income	196.08	121.12	147.79	141.43	48.29	8.16
Interest Expense	-89.79	-71.15	-64.25	-30.42	-15.6	-13.48
Interest & Investment Income	50.25	72.58	37.42	25.49	5.99	1.5
Earnings From Equity Investments	7.11	10.38	6.63	4	0.83	2.68
Currency Exchange Gain (Loss)	-27.54	-35.66	3.29	-20.08	13.59	3.72
Other Non Operating Income (Expenses)	-34.51	-27.53	-17.92	-12.06	-5.91	-3.34
EBT Excluding Unusual Items	101.6	69.74	112.96	108.35	47.2	-0.76
Gain (Loss) on Sale of Investments	-3.11	-2.06	-0.52	-5.96	-0.42	-0.48
Legal Settlements	-0.16	-	-0.03	-0.35	0.21	-
Pretax Income	98.33	67.68	112.41	102.04	47	-1.24
Income Tax Expense	-25.48	-45.26	-16.63	5.33	18.39	1.89
Earnings From Continuing Operations	123.81	112.94	129.04	96.71	28.61	-3.13
Minority Interest in Earnings	-2.55	0.32	-	-43.12	-18.43	-3.54
Net Income	121.26	113.26	129.04	53.59	10.18	-6.67
Net Income to Common	121.26	113.26	129.04	53.59	10.18	-6.67
Net Income Growth	-10.40%	-12.23%	140.79%	426.62%	-	-
Shares Outstanding (Basic)	229	229	188	33	4	4
Shares Outstanding (Diluted)	229	229	188	33	4	4
Shares Change (YoY)	1.80%	21.53%	470.00%	816.67%	-	-
EPS (Basic)	0.53	0.50	0.69	1.62	2.83	-1.85
EPS (Diluted)	0.53	0.50	0.69	1.62	2.83	-1.85
EPS Growth	-11.99%	-27.78%	-57.76%	-42.55%	-	-
Free Cash Flow	-117.21	-123.11	59.26	102.78	49.26	14.68
Free Cash Flow Per Share	-0.51	-0.54	0.32	3.12	13.68	4.08
Dividend Per Share	-	-	0.056	-	-	-
Gross Margin	38.74%	39.20%	42.17%	42.56%	41.23%	37.75%
Operating Margin	6.50%	5.06%	8.93%	12.16%	8.99%	2.62%
Profit Margin	4.02%	4.74%	7.79%	4.61%	1.90%	-2.14%
Free Cash Flow Margin	-3.89%	-5.15%	3.58%	8.84%	9.17%	4.71%
EBITDA	309.4	191.54	187.51	166.72	61.71	19.33
EBITDA Margin	10.26%	8.01%	11.33%	14.34%	11.49%	6.21%
D&A For EBITDA	113.31	70.42	39.72	25.29	13.42	11.17
EBIT	196.08	121.12	147.79	141.43	48.29	8.16
EBIT Margin	6.50%	5.06%	8.93%	12.16%	8.99%	2.62%
Effective Tax Rate	-	-	-	5.22%	39.13%	-
Advertising Expenses	-	63.3	44.74	-	-	-

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