Vbt Yazilim AS
IST:VBTYZ.E
Income Statement
Earnings Waterfall
Vbt Yazilim AS
Income Statement
Vbt Yazilim AS
| Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Interest Expense |
2
|
2
|
2
|
2
|
5
|
4
|
0
|
1
|
2
|
22
|
39
|
57
|
0
|
0
|
|
| Revenue |
199
N/A
|
234
+18%
|
350
+50%
|
570
+63%
|
1 178
+107%
|
1 312
+11%
|
546
-58%
|
1 745
+220%
|
2 331
+34%
|
3 019
+30%
|
2 812
-7%
|
2 004
-29%
|
1 719
-14%
|
2 428
+41%
|
|
| Gross Profit | |||||||||||||||
| Cost of Revenue |
(160)
|
(183)
|
(282)
|
(480)
|
(992)
|
(1 173)
|
(379)
|
(1 027)
|
(1 555)
|
(2 331)
|
(1 898)
|
(1 531)
|
(1 224)
|
(1 672)
|
|
| Gross Profit |
39
N/A
|
51
+32%
|
68
+33%
|
91
+34%
|
187
+106%
|
139
-26%
|
167
+20%
|
287
+72%
|
345
+20%
|
689
+100%
|
649
-6%
|
472
-27%
|
494
+5%
|
755
+53%
|
|
| Operating Income | |||||||||||||||
| Operating Expenses |
(22)
|
(28)
|
(37)
|
(42)
|
(108)
|
(64)
|
(75)
|
(161)
|
(212)
|
(406)
|
(335)
|
(369)
|
(416)
|
(500)
|
|
| Selling, General & Administrative |
(7)
|
(9)
|
(11)
|
(15)
|
(35)
|
(21)
|
(29)
|
(58)
|
(88)
|
(152)
|
(117)
|
(112)
|
(112)
|
(100)
|
|
| Research & Development |
(13)
|
(16)
|
(20)
|
(26)
|
(57)
|
(40)
|
0
|
(103)
|
(120)
|
(256)
|
(275)
|
(266)
|
(343)
|
(493)
|
|
| Depreciation & Amortization |
(2)
|
(2)
|
(3)
|
(3)
|
(14)
|
(4)
|
(2)
|
(5)
|
(9)
|
(15)
|
(11)
|
(16)
|
(43)
|
(16)
|
|
| Other Operating Expenses |
0
|
(1)
|
(2)
|
2
|
(1)
|
1
|
(44)
|
6
|
6
|
15
|
69
|
26
|
83
|
110
|
|
| Operating Income |
16
N/A
|
23
+40%
|
31
+37%
|
48
+55%
|
79
+63%
|
75
-5%
|
92
+23%
|
149
+62%
|
156
+5%
|
282
+81%
|
171
-40%
|
104
-39%
|
80
-24%
|
255
+220%
|
|
| Pre-Tax Income | |||||||||||||||
| Interest Income Expense |
23
|
26
|
31
|
33
|
32
|
19
|
0
|
40
|
55
|
14
|
102
|
102
|
114
|
136
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(0)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
6
|
6
|
0
|
0
|
7
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
(75)
|
0
|
(50)
|
(148)
|
(160)
|
(259)
|
(214)
|
(149)
|
(199)
|
(147)
|
|
| Pre-Tax Income |
39
N/A
|
49
+25%
|
62
+27%
|
82
+31%
|
37
-55%
|
94
+155%
|
42
-55%
|
42
-1%
|
53
+26%
|
36
-31%
|
64
+76%
|
58
-9%
|
(6)
N/A
|
252
N/A
|
|
| Net Income | |||||||||||||||
| Tax Provision |
(5)
|
(7)
|
(9)
|
(12)
|
(28)
|
(12)
|
(18)
|
7
|
4
|
10
|
31
|
17
|
3
|
(73)
|
|
| Income from Continuing Operations |
34
|
42
|
53
|
70
|
9
|
82
|
24
|
49
|
56
|
46
|
95
|
76
|
(2)
|
178
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
2
|
1
|
1
|
0
|
3
|
0
|
(1)
|
1
|
(2)
|
(3)
|
|
| Net Income (Common) |
34
N/A
|
42
+23%
|
53
+26%
|
71
+33%
|
11
-85%
|
83
+679%
|
25
-70%
|
49
+96%
|
59
+20%
|
46
-22%
|
94
+104%
|
76
-20%
|
(4)
N/A
|
175
N/A
|
|
| EPS (Diluted) |
1.31
N/A
|
1.61
+23%
|
2.04
+27%
|
2.72
+33%
|
0.09
-97%
|
3.19
+3 444%
|
0.21
-93%
|
0.42
+100%
|
0.5
+19%
|
0.39
-22%
|
0.8
+105%
|
0.64
-20%
|
-0.04
N/A
|
1.5
N/A
|
|