Also trades as: TKHVY (OTC) · $vol 0M

₺292.00 ($5.95)

+5.50 (+1.92%)

Weekly Expected Move ±5.6%

₺259 ₺276 ₺292 ₺308 ₺325

IST · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 40 · ₺400.7B mcap · 702M float · 6.68% daily turnover

Revenue

$21.9B -3.6% ▼

5Y CAGR: +26.6%

Gross Profit

$3.5B -20.0% ▼

5Y CAGR: +57.7%

Operating Income

$1.5B -25.4% ▼

Net Income

$2.7B -21.0% ▼

EPS (Diluted)

$1.96 -21.0% ▼

EBITDA

$3.6B +19.3% ▲

5Y CAGR: +28.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$7.3B	$16.6B	$20.9B	$22.7B	$21.9B
YoY Growth	+8.7%	+127.4%	+25.8%	+8.2%	-3.6%
Cost of Revenue	$5.7B	$12.6B	$16.0B	$18.3B	$18.4B
Gross Profit	$1.7B	$4.0B	$4.9B	$4.3B	$3.5B
Gross Margin	22.7%	24.3%	23.4%	19.2%	15.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$458M	$980M	$2.2B	$2.3B	$1.4B
Operating Expenses	$646M	$1.4B	$2.2B	$2.4B	$2.0B
Operating Income	$1.0B	$2.6B	$2.7B	$1.9B	$1.5B
Operating Margin	13.9%	15.7%	12.9%	8.6%	6.6%
Interest Expense	$230M	$365M	$0	$0	$441M
Income Before Tax	$691M	$2.8B	$3.6B	$3.6B	$3.1B
Tax Expense	$73M	$212M	-$2.4B	$222M	$445M
Net Income	$617M	$2.5B	$6.0B	$3.4B	$2.7B
Net Margin	8.4%	15.2%	28.8%	15.1%	12.4%
EPS (Diluted)	$0.69	$1.84	$4.36	$2.48	$1.96
EBITDA	$2.1B	$4.8B	$3.3B	$3.0B	$3.6B
Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.38B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$6.6B	$5.6B	$4.9B	$6.0B	$7.0B	$6.1B	$5.8B	$7.0B
Cost of Revenue	$4.8B	$4.7B	$4.6B	$4.8B	$5.4B	$5.2B	$5.3B	$6.6B
Gross Profit	$1.8B	$893M	$334M	$1.1B	$1.5B	$817M	$456M	$421M
Gross Margin	27.5%	15.9%	6.8%	19.1%	22.1%	13.5%	7.9%	6.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$593M	$619M	$596M	$340M	$372M	$106M	$385M	$584M
Operating Expenses	-$132M	$4.3B	$618M	$439M	$46M	$525M	$638M	$586M
Operating Income	$2.0B	-$1.0B	-$284M	$706M	$1.5B	$292M	-$182M	-$165M
Operating Margin	29.5%	-18.5%	-5.8%	11.8%	21.4%	4.8%	-3.1%	-2.4%
Interest Expense	$0	$0	$127M	$132M	$153M	$124M	$139M	$152M
Income Before Tax	$1.7B	$926M	-$46M	$795M	$1.6B	$996M	$99M	$205M
Tax Expense	$152M	$213M	-$2M	$104M	$221M	$145M	-$122M	$15M
Net Income	$1.5B	$712M	-$44M	$694M	$1.4B	$850M	$222M	$191M
Net Margin	23.3%	12.7%	-0.9%	11.6%	19.8%	14.0%	3.8%	2.7%
EPS (Diluted)	$1.12	$0.52	$-0.03	$0.50	$1.00	$0.62	$0.16	$0.14
EBITDA	$1.5B	$623M	$96M	$1.5B	$2.4B	$908M	$454M	$482M
Shares Outstanding	1.38B	1.38B	1.38B	1.39B	1.38B	1.37B	1.38B	1.37B

THYAO.IS IST