IST:VBTYZ 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	1,192	2,307	3,082	1,178	198.51	130.02
Revenue Growth (YoY)	-63.08%	-25.15%	161.51%	493.67%	52.68%	-
Cost of Revenue	777.53	1,766	2,699	982.43	157.94	103.94
Gross Profit	414.65	541.16	382.5	196.05	40.56	26.07
Selling, General & Admin	93.39	118.31	69.91	37.82	7.13	4.36
Research & Development	349.2	198.29	147.59	68.81	15.18	8.26
Other Operating Expenses	-81.6	11.77	38.35	10.39	2.36	0.89
Operating Expenses	360.99	328.36	255.86	117.02	24.67	13.5
Operating Income	53.67	212.8	126.64	79.02	15.89	12.58
Interest Expense	-85.35	-25.37	-4.38	-4.64	-1.75	-1.64
Interest & Investment Income	11.75	48.44	52.24	21.18	4.63	0.66
Earnings From Equity Investments	1.51	-0.27	5.26	-11.3	0.3	0.02
Currency Exchange Gain (Loss)	146.21	14.06	167.72	27.32	19.87	5.22
Other Non Operating Income (Expenses)	-137.9	-199.58	-171.87	-74.72	-	-
EBT Excluding Unusual Items	-10.12	50.07	175.6	36.85	38.94	16.83
Merger & Restructuring Charges	-2.59	-2.59	-	-	-	-
Gain (Loss) on Sale of Investments	-4.22	-19.94	-	-	-	-
Other Unusual Items	-	-	-	-	0.28	0.14
Pretax Income	-16.92	27.54	175.6	36.85	39.22	16.96
Income Tax Expense	-4.29	-7.33	31.47	27.96	5.08	1.88
Earnings From Continuing Operations	-12.62	34.88	144.13	8.89	34.15	15.08
Minority Interest in Earnings	-2.99	0.33	0.98	1.76	-	-
Net Income	-15.61	35.21	145.11	10.65	34.15	15.08
Net Income to Common	-15.61	35.21	145.11	10.65	34.15	15.08
Net Income Growth	-	-75.73%	1262.43%	-68.81%	126.43%	-
Shares Outstanding (Basic)	117	117	117	117	117	90
Shares Outstanding (Diluted)	117	117	117	117	117	90
Shares Change (YoY)	-	-	-	-	30.00%	-
EPS (Basic)	-0.13	0.30	1.24	0.09	0.29	0.17
EPS (Diluted)	-0.13	0.30	1.24	0.09	0.29	0.17
EPS Growth	-	-75.73%	1262.43%	-68.81%	74.18%	-
Free Cash Flow	171.76	262.18	-14.81	187.96	103.4	57.49
Free Cash Flow Per Share	1.47	2.24	-0.13	1.61	0.88	0.64
Gross Margin	34.78%	23.46%	12.41%	16.64%	20.43%	20.05%
Operating Margin	4.50%	9.22%	4.11%	6.71%	8.01%	9.67%
Profit Margin	-1.31%	1.53%	4.71%	0.90%	17.20%	11.60%
Free Cash Flow Margin	14.41%	11.37%	-0.48%	15.95%	52.09%	44.21%
EBITDA	268.59	251.31	147.29	91.03	17.34	13.07
EBITDA Margin	22.53%	10.89%	4.78%	7.72%	8.73%	10.05%
D&A For EBITDA	214.93	38.51	20.64	12.01	1.45	0.49
EBIT	53.67	212.8	126.64	79.02	15.89	12.58
EBIT Margin	4.50%	9.22%	4.11%	6.71%	8.01%	9.67%
Effective Tax Rate	-	-	17.92%	75.88%	12.94%	11.11%
Advertising Expenses	-	3.64	4.09	1.57	0.52	0.07

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