Income Statement Mackolik Internet Hizmetleri Ticaret

Stocks

MACKO

TREMACK00017

Internet Services

Market Closed - Borsa Istanbul 08:38:43 06/10/2026 pm IST			5-day change	1st Jan Change
23.50 ^TRY	-4.08%		-6.23%	-23.95%

14/08	Mackolik Internet Hizmetleri Ticaret A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
12/05	Mackolik Internet Hizmetleri Ticaret A.S. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: MACKOLIK INTERNET HIZMETLERI TICARET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (TRY)	2022 (TRY)	2023 (TRY)	2024 (TRY)	2025 (TRY)
Revenues	11Cr	19Cr	38Cr	70Cr	109.97Cr
Total Revenues	11Cr	19Cr	38Cr	70Cr	109.97Cr
Cost of Goods Sold, Total	2.38Cr	4.5Cr	11Cr	21Cr	34Cr
Gross Profit	9Cr	14Cr	26Cr	49Cr	76Cr
Selling General & Admin Expenses, Total	1.57Cr	3.97Cr	8.92Cr	12Cr	22Cr
Other Operating Expenses	25.71L	38.89L	33.77L	15.66L	2.21Cr
Other Operating Expenses, Total	1.82Cr	4.36Cr	9.25Cr	13Cr	24Cr
Operating Income	7.18Cr	9.75Cr	17Cr	36Cr	52Cr
Interest Expense, Total	-4L	-9L	-12.11L	-16.83L	-2.77Cr
Interest And Investment Income	33.28L	2L	2.66Cr	6.14Cr	12Cr
Net Interest Expenses	29.26L	-7L	2.53Cr	5.97Cr	9.39Cr
Currency Exchange Gains (Loss)	2.93Cr	2.2Cr	2.56Cr	82.95L	-54.89L
Other Non Operating Income (Expenses)	-	-	-4.17Cr	-8.37Cr	-12Cr
EBT, Excl. Unusual Items	10Cr	12Cr	18Cr	34Cr	48Cr
Gain (Loss) On Sale Of Investments	-46.78T	-	-	-	-2.61Cr
Legal Settlements	-5.44T	-69.75T	-	-2L	-8.57T
EBT, Incl. Unusual Items	10Cr	12Cr	18Cr	34Cr	45Cr
Income Tax Expense	1.84Cr	2.12Cr	2.89Cr	8.93Cr	13Cr
Earnings From Continuing Operations	8.55Cr	9.74Cr	15Cr	26Cr	32Cr
Net Income to Company	8.55Cr	9.74Cr	15Cr	26Cr	32Cr
Net Income - (IS)	8.55Cr	9.74Cr	15Cr	26Cr	32Cr
Net Income to Common Incl Extra Items	8.55Cr	9.74Cr	15Cr	26Cr	32Cr
Net Income to Common Excl. Extra Items	8.55Cr	9.74Cr	15Cr	26Cr	32Cr
Per Share Items
Net EPS - Basic	4.8	1.07	1.52	2.55	4.59
Basic EPS - Continuing Operations	4.8	1.07	1.52	2.55	4.59
Basic Weighted Average Shares Outstanding	1.78Cr	9.13Cr	10Cr	10Cr	7Cr
Net EPS - Diluted	4.8	1.07	1.52	2.55	4.59
Diluted EPS - Continuing Operations	4.8	1.07	1.52	2.55	4.59
Diluted Weighted Average Shares Outstanding	1.78Cr	9.13Cr	10Cr	10Cr	7Cr
Normalized Basic EPS	3.65	0.81	1.13	2.16	4.29
Normalized Diluted EPS	3.65	0.81	1.13	2.16	4.29
Dividend Per Share	-	-	1.52	-	4.5
Payout Ratio	118.41	37.77	64.9	93.89	38.38
Supplemental Items
EBITDA	7.62Cr	11Cr	19Cr	39Cr	57Cr
EBITA	7.61Cr	11Cr	19Cr	39Cr	56Cr
EBIT	7.18Cr	9.75Cr	17Cr	36Cr	52Cr
Effective Tax Rate - (Ratio)	17.73	17.9	15.93	25.9	29.21
Current Domestic Taxes	1.66Cr	1.12Cr	2.27Cr	7.49Cr	13Cr
Current Foreign Taxes	39.67L	97.79L	70.33L	1.35Cr	23.81L
Total Current Taxes	2.05Cr	2.1Cr	2.97Cr	8.84Cr	13Cr
Deferred Domestic Taxes	-3L	3L	-8L	16.41L	-12.36L
Deferred Foreign Taxes	-18.23L	-53.01T	-1L	-7L	4L
Total Deferred Taxes	-21.03L	3L	-9L	9L	-9L
Normalized Net Income	6.5Cr	7.42Cr	11Cr	22Cr	30Cr
Supplemental Operating Expense Items
Advertising Expense	-	-	3.03Cr	-	10Cr
Marketing Expenses	44.65L	1.66Cr	9L	4.04Cr	9L
Selling and Marketing Expenses	44.65L	1.66Cr	3.12Cr	4.04Cr	10Cr
General and Administrative Expenses	1.12Cr	2.31Cr	5.8Cr	8.38Cr	12Cr
Maintenance & Repair Expenses, Total	89.97T	2L	-	-	-

Fiscal Period: December	2021 (TRY)	2022 (TRY)	2023 (TRY)	2024 (TRY)	2025 (TRY)
Assets
Cash And Equivalents	4.02Cr	8.63Cr	11Cr	10Cr	11Cr
Total Cash And Short Term Investments	4.02Cr	8.63Cr	11Cr	10Cr	11Cr
Accounts Receivable, Total	2.56Cr	4.94Cr	11Cr	18Cr	31Cr
Other Receivables	60.97L	78.89L	1.62Cr	11Cr	11Cr
Total Receivables	3.17Cr	5.73Cr	12Cr	28Cr	42Cr
Prepaid Expenses	1L	8L	32.64L	1.1Cr	71.98L
Other Current Assets, Total	9L	16.66L	1L	4L	20.86L
Total Current Assets	7.28Cr	15Cr	24Cr	40Cr	54Cr
Gross Property Plant And Equipment	34.61L	78.6L	3.32Cr	6.11Cr	11Cr
Accumulated Depreciation	-20.7L	-38.08L	-2.08Cr	-4.13Cr	-7.58Cr
Net Property Plant And Equipment	13.9L	40.51L	1.24Cr	1.98Cr	3.12Cr
Long-term Investments	-	-	80.65L	4.38Cr	9.16Cr
Other Intangibles, Total	5.21Cr	4.68Cr	6.04Cr	7.89Cr	11Cr
Loans Receivable Long-Term	-	-	6Cr	-	14Cr
Deferred Tax Assets Long-Term	6L	3L	-	-	-
Other Long-Term Assets, Total	-	2L	2L	2L	1L
Total Assets	13Cr	20Cr	38Cr	54Cr	91Cr
Liabilities
Accounts Payable, Total	19.01L	40.64L	78.92L	1.56Cr	2.79Cr
Accrued Expenses, Total	1.11Cr	1.44Cr	4.97Cr	4.28Cr	4.9Cr
Short-term Borrowings	2L	1.11T	1L	7L	8.79Cr
Current Portion of Leases	13.04L	16.34L	23.06L	29.01L	84.28L
Current Income Taxes Payable	68.98L	52.89L	1.31Cr	76.17L	1.6Cr
Unearned Revenue Current, Total	-	2L	2L	6L	2L
Other Current Liabilities	34.88T	1L	-	2L	3L
Total Current Liabilities	2.14Cr	2.57Cr	7.34Cr	7.04Cr	19Cr
Long-Term Leases	-	6L	4L	21.86L	19.46L
Pension & Other Post Retirement Benefits	6L	8L	16.51L	36.09L	63.91L
Deferred Tax Liability Non Current	-	-	4L	16.93L	16.89L
Other Non Current Liabilities	-	-	-	1.04Cr	2.21Cr
Total Liabilities	2.2Cr	2.71Cr	7.58Cr	8.82Cr	22Cr
Common Stock, Total	82L	2.5Cr	2.5Cr	2.5Cr	10Cr
Retained Earnings	8.72Cr	13Cr	27Cr	40Cr	73Cr
Treasury Stock	-	-	-	-	-11Cr
Comprehensive Income and Other	95.17L	1.43Cr	1.22Cr	2.1Cr	-2.94Cr
Total Common Equity	10Cr	17Cr	31Cr	45Cr	69Cr
Total Equity	10Cr	17Cr	31Cr	45Cr	69Cr
Total Liabilities And Equity	13Cr	20Cr	38Cr	54Cr	91Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.78Cr	10Cr	10Cr	10Cr	9.92Cr
ECS Total Common Shares Outstanding	1.78Cr	10Cr	10Cr	10Cr	9.92Cr
Book Value / Share	5.89	1.7	3.06	4.5	6.97
Tangible Book Value	5.28Cr	12Cr	25Cr	37Cr	58Cr
Tangible Book Value Per Share	2.97	1.23	2.46	3.71	5.87
Total Debt	15.21L	22.15L	28.19L	57.99L	9.83Cr
Net Debt	-3.86Cr	-8.41Cr	-11Cr	-9.49Cr	-82.72L
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	13.91L	28.4L	1.76Cr	2.88Cr	4.51Cr
Full Time Employees	-	41	120	120	141
Accumulated Allowance for Doubtful Accounts (Supple)	3L	5L	10L	14.23L	33.56L

Fiscal Period: December	2021 (TRY)	2022 (TRY)	2023 (TRY)	2024 (TRY)	2025 (TRY)
Net Income	8.55Cr	9.74Cr	15Cr	26Cr	32Cr
Depreciation & Amortization - CF	9L	17.38L	49.12L	1.12Cr	2.17Cr
Amortization of Goodwill and Intangible Assets - (CF)	43.11L	88.86L	1.63Cr	2.88Cr	4.84Cr
Depreciation & Amortization, Total	51.97L	1.06Cr	2.12Cr	4Cr	7.01Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	2.61Cr
Provision and Write-off of Bad Debts	-6L	2L	4L	6L	19.65L
Other Operating Activities, Total	44.61L	7L	6.19Cr	4.08Cr	7.55Cr
Change In Accounts Receivable	-1.45Cr	-2.38Cr	-2.52Cr	-1.55Cr	-7.23Cr
Change In Accounts Payable	13.37L	12.18L	-33.44L	15.71L	-1.3Cr
Change in Unearned Revenues	-14.55T	2L	-2L	3L	-6L
Change in Other Net Operating Assets	6.28Cr	-12.52L	-4.18Cr	-6.48Cr	-15Cr
Cash from Operations	14Cr	8.54Cr	17Cr	26Cr	25Cr
Capital Expenditure	-3L	-20.76L	-67.28L	-44.35L	-90.64L
Cash Acquisitions	-4.9Cr	-	-	-	-
Sale (Purchase) of Intangible assets	-40.06L	-33.19L	-1.81Cr	-3.56Cr	-6.16Cr
Cash from Investing	-5.33Cr	-53.96L	-2.49Cr	-4Cr	-7.07Cr
Long-Term Debt Issued, Total	-	-	89.66L	37.34L	31Cr
Total Debt Issued	-	-	89.66L	37.34L	31Cr
Long-Term Debt Repaid, Total	-4L	-16.28L	-1.21Cr	-1.07Cr	-25Cr
Total Debt Repaid	-4L	-16.28L	-1.21Cr	-1.07Cr	-25Cr
Issuance of Common Stock	8L	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-11Cr
Common Dividends Paid	-10Cr	-3.68Cr	-9.89Cr	-24Cr	-12Cr
Common & Preferred Stock Dividends Paid	-10Cr	-3.68Cr	-9.89Cr	-24Cr	-12Cr
Other Financing Activities, Total	3L	2L	68.07L	19.27L	-2.44Cr
Cash from Financing	-10Cr	-3.82Cr	-9.52Cr	-24Cr	-19Cr
Foreign Exchange Rate Adjustments	91.05L	44.35L	-94.41L	71.53L	1.8Cr
Miscellaneous Cash Flow Adjustments	-	-	-6.4Cr	-4.45Cr	-3.38Cr
Net Change in Cash	-5L	4.62Cr	-2.82Cr	-6.38Cr	-2.53Cr
Supplemental Items
Cash Interest Paid	-	-	-	-	2.77Cr
Levered Free Cash Flow	-	4.28Cr	11Cr	7.72Cr	26Cr
Unlevered Free Cash Flow	-	4.33Cr	11Cr	7.83Cr	28Cr
Change In Net Working Capital	-	2.28Cr	-29.3L	15Cr	4.03Cr
Net Debt Issued / Repaid	-4L	-16.28L	-31.46L	-69.77L	6.02Cr

Fiscal Period: December	2021 (TRY)	2022 (TRY)	2023 (TRY)	2024 (TRY)	2025 (TRY)
Profitability
Return on Assets	-	37.57	30.06	41.38	39.89
Return on Total Capital	-	43.69	35.84	50	46.55
Return On Equity %	-	70.82	51.34	57.3	50.24
Return on Common Equity	-	70.82	51.34	57.3	50.24
Margin Analysis
Gross Profit Margin %	79.08	75.8	70.3	69.73	68.8
SG&A Margin	13.75	21.33	23.7	17.81	19.86
EBITDA Margin %	66.96	57.33	50.58	56.48	51.96
EBITA Margin %	66.85	57.16	50.04	55.83	51.33
EBIT Margin %	63.06	52.38	45.71	51.69	46.93
Income From Continuing Operations Margin %	75.14	52.36	40.49	36.62	29.24
Net Income Margin %	75.14	52.36	40.49	36.62	29.24
Net Avail. For Common Margin %	75.14	52.36	40.49	36.62	29.24
Normalized Net Income Margin	57.11	39.88	30.1	30.91	27.3
Levered Free Cash Flow Margin	-	22.98	28.17	11.07	24.04
Unlevered Free Cash Flow Margin	-	23.28	28.37	11.22	25.61
Asset Turnover
Asset Turnover	-	1.15	1.05	1.28	1.36
Fixed Assets Turnover	-	68.4	36.42	36.98	38.45
Receivables Turnover (Average Receivables)	-	4.97	3.99	4.23	4.1
Short Term Liquidity
Current Ratio	3.4	5.67	3.28	5.61	2.84
Quick Ratio	3.35	5.58	3.24	5.45	2.79
Operating Cash Flow to Current Liabilities	6.73	3.32	2.25	3.67	1.34
Days Sales Outstanding (Average Receivables)	-	73.5	91.47	86.54	89.05
Average Days Payable Outstanding	-	24.17	23.83	23.41	25.7
Long Term Solvency
Total Debt/Equity	1.45	1.3	0.92	1.29	14.22
Total Debt / Total Capital	1.43	1.28	0.91	1.27	12.45
LT Debt/Equity	-	0.34	0.13	0.49	0.28
Long-Term Debt / Total Capital	-	0.34	0.13	0.48	0.25
Total Liabilities / Total Assets	17.35	13.75	19.85	16.4	24.28
EBIT / Interest Expense	178.35	107.82	141.98	214.28	18.61
EBITDA / Interest Expense	191.26	119.57	159.48	238.07	21.13
(EBITDA - Capex) / Interest Expense	190.59	117.28	153.93	235.43	20.81
Total Debt / EBITDA	0.02	0.02	0.01	0.01	0.17
Net Debt / EBITDA	-0.5	-0.78	-0.58	-0.24	-0.01
Total Debt / (EBITDA - Capex)	0.02	0.02	0.02	0.01	0.17
Net Debt / (EBITDA - Capex)	-0.5	-0.79	-0.6	-0.24	-0.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	63.47	10.1	28.38	20.47
Gross Profit, 1 Yr. Growth %	-	56.69	6.13	27.33	18.86
EBITDA, 1 Yr. Growth %	-	39.97	-0.53	43.36	10.82
EBITA, 1 Yr. Growth %	-	39.76	-1.1	43.24	10.76
EBIT, 1 Yr. Growth %	-	35.78	-0.83	45.19	9.36
Earnings From Cont. Operations, 1 Yr. Growth %	-	13.92	34.32	16.13	-3.82
Net Income, 1 Yr. Growth %	-	13.92	34.32	16.13	-3.82
Normalized Net Income, 1 Yr. Growth %	-	14.15	18.47	31.82	6.42
Diluted EPS Before Extra, 1 Yr. Growth %	-	-77.78	22.7	16.13	37.4
Accounts Receivable, 1 Yr. Growth %	-	93.25	31.72	13.09	34.2
Net Property, Plant and Equip., 1 Yr. Growth %	-	191.37	49.6	10.94	20.31
Total Assets, 1 Yr. Growth %	-	55.57	14.55	-2.41	29.7
Tangible Book Value, 1 Yr. Growth %	-	133.66	20.7	4.58	19.99
Common Equity, 1 Yr. Growth %	-	62.34	6.46	1.79	17.47
Cash From Operations, 1 Yr. Growth %	-	-40.82	-16.3	8.29	-24.75
Capital Expenditures, 1 Yr. Growth %	-	666.88	79.59	-54.34	56.14
Levered Free Cash Flow, 1 Yr. Growth %	-	-	44.62	-39.18	240.95
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	43.84	-38.88	263.3
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	81.8	42.85	42.28
Gross Profit, 2 Yr. CAGR %	-	-	71.41	39.68	40.75
EBITDA, 2 Yr. CAGR %	-	-	58	43.48	44.21
EBITA, 2 Yr. CAGR %	-	-	57.28	43.01	44.11
EBIT, 2 Yr. CAGR %	-	-	54.77	44.19	44.17
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	33.45	50.07	20.91
Net Income, 2 Yr. CAGR %	-	-	33.45	50.07	20.91
Normalized Net Income, 2 Yr. CAGR %	-	-	31.98	50.16	35.5
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-43.68	43.43	44.52
Accounts Receivable, 2 Yr. CAGR %	-	-	104.8	46.65	40.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	198.43	54.8	32.18
Total Assets, 2 Yr. CAGR %	-	-	73.44	27.04	28.71
Tangible Book Value, 2 Yr. CAGR %	-	-	115.59	35	28.16
Common Equity, 2 Yr. CAGR %	-	-	70.79	25.08	25.1
Cash From Operations, 2 Yr. CAGR %	-	-	7.05	14.39	3.28
Capital Expenditures, 2 Yr. CAGR %	-	-	398.47	8.81	-3.4
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	2.64	44.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	2.69	48.32
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	71.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	82.97	47.63
Gross Profit, 3 Yr. CAGR %	-	-	-	75.46	44.79
EBITDA, 3 Yr. CAGR %	-	-	-	72.88	44.01
EBITA, 3 Yr. CAGR %	-	-	-	72.3	43.67
EBIT, 3 Yr. CAGR %	-	-	-	71.24	43.84
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	44	41.54
Net Income, 3 Yr. CAGR %	-	-	-	44	41.54
Normalized Net Income, 3 Yr. CAGR %	-	-	-	49.11	46.44
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-18.98	54.67
Accounts Receivable, 3 Yr. CAGR %	-	-	-	89.9	55.75
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	142.53	55.69
Total Assets, 3 Yr. CAGR %	-	-	-	61.83	39.93
Tangible Book Value, 3 Yr. CAGR %	-	-	-	91.46	41.99
Common Equity, 3 Yr. CAGR %	-	-	-	62.45	33.99
Cash From Operations, 3 Yr. CAGR %	-	-	-	21.45	8.83
Capital Expenditures, 3 Yr. CAGR %	-	-	-	153.96	34.25
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	53.36
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	55.99