IST:SERNT Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,064	2,841	3,922	2,772
Revenue Growth (YoY)	-27.34%	-27.57%	41.47%	-
Cost of Revenue	998.73	1,684	2,413	1,768
Gross Profit	1,066	1,157	1,509	1,005
Selling, General & Admin	493.02	582.24	480.02	442.19
Research & Development	26.44	46.05	36.19	28.83
Other Operating Expenses	-35.91	50.6	28.98	25.2
Operating Expenses	483.55	678.89	545.19	496.22
Operating Income	581.95	478.17	963.47	508.49
Interest Expense	-1,405	-579.91	-783.71	-454.46
Interest & Investment Income	150.67	290.23	144.46	107.8
Earnings From Equity Investments	-	7.71	8.54	-10.75
Currency Exchange Gain (Loss)	-137.3	-1,087	-1,232	-2,938
Other Non Operating Income (Expenses)	1,802	2,428	2,301	2,129
EBT Excluding Unusual Items	992.93	1,537	1,402	-657.76
Gain (Loss) on Sale of Investments	-	-209.01	-	-
Pretax Income	992.93	1,328	1,402	-657.76
Income Tax Expense	352.51	-59.49	282.19	159.87
Net Income	640.41	1,387	1,120	-817.64
Net Income to Common	640.41	1,387	1,120	-817.64
Net Income Growth	-53.84%	23.91%	-	-
Shares Outstanding (Basic)	300	261	80	80
Shares Outstanding (Diluted)	300	261	80	80
Shares Change (YoY)	14.75%	226.79%	-	-
EPS (Basic)	2.13	5.31	14.00	-10.22
EPS (Diluted)	2.13	5.31	14.00	-10.22
EPS Growth	-59.77%	-62.08%	-	-
Free Cash Flow	1,799	1,141	1,018	-674.7
Free Cash Flow Per Share	6.00	4.37	12.72	-8.43
Gross Margin	51.62%	40.73%	38.47%	36.24%
Operating Margin	28.19%	16.83%	24.57%	18.34%
Profit Margin	31.02%	48.84%	28.55%	-29.49%
Free Cash Flow Margin	87.16%	40.17%	25.95%	-24.34%
EBITDA	805.46	702.83	1,204	686.79
EBITDA Margin	39.02%	24.74%	30.69%	24.77%
D&A For EBITDA	223.51	224.67	240.07	178.3
EBIT	581.95	478.17	963.47	508.49
EBIT Margin	28.19%	16.83%	24.57%	18.34%
Effective Tax Rate	35.50%	-	20.13%	-
Advertising Expenses	17.64	28.67	48.98	37.56

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