IST:AGESA Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	27,537	13,002	6,512	3,471	1,975
Total Interest & Dividend Income	10,500	6,040	5,999	2,561	2,225
Gain (Loss) on Sale of Investments	1,228	905.83	456.7	355.29	72.1
Other Revenue	594.93	390.63	315.16	190.97	205.2
Total Revenue	45,204	23,901	15,110	7,465	5,003
Revenue Growth (YoY)	89.13%	58.17%	102.42%	49.20%	70.82%
Policy Benefits	21,086	10,824	9,043	4,045	2,910
Depreciation & Amortization	474.53	262.57	149.62	93.35	61.38
Selling, General & Administrative	15,083	8,586	4,372	2,039	1,147
Other Operating Expenses	1,451	863.06	464.93	243.17	165.78
Total Operating Expenses	38,094	20,537	14,029	6,421	4,284
Operating Income	7,110	3,364	1,081	1,044	719.33
Currency Exchange Gain (Loss)	507.94	377	749.57	-13.77	-133.2
Other Non Operating Income (Expenses)	211.99	127.04	49.31	30.53	19.96
EBT Excluding Unusual Items	7,830	3,868	1,880	1,061	606.1
Gain (Loss) on Sale of Assets	20.97	2.93	0.12	1.17	1.35
Other Unusual Items	-63.46	9.2	-37.49	-18.42	0.38
Pretax Income	7,787	3,880	1,843	1,044	607.83
Income Tax Expense	2,232	1,010	452.93	169.03	156.01
Earnings From Continuing Ops.	5,555	2,870	1,390	874.58	451.81
Minority Interest in Earnings	-	1.32	-	-	-
Net Income	5,555	2,871	1,390	874.58	451.81
Net Income to Common	5,555	2,871	1,390	874.58	451.81
Net Income Growth	93.47%	106.57%	58.94%	93.57%	53.18%
Shares Outstanding (Basic)	180	180	180	180	180
Shares Outstanding (Diluted)	180	180	180	180	180
EPS (Basic)	30.86	15.95	7.72	4.86	2.51
EPS (Diluted)	30.86	15.95	7.72	4.86	2.51
EPS Growth	93.47%	106.57%	58.94%	93.57%	53.18%
Free Cash Flow	8,630	6,696	3,525	2,117	975.2
Free Cash Flow Per Share	47.95	37.20	19.58	11.76	5.42
Dividend Per Share	-	5.556	1.667	0.833	-
Dividend Growth	-	233.34%	100.00%	-	-
Operating Margin	15.73%	14.08%	7.16%	13.99%	14.38%
Profit Margin	12.29%	12.01%	9.20%	11.72%	9.03%
Free Cash Flow Margin	19.09%	28.01%	23.33%	28.36%	19.49%
EBITDA	7,194	3,397	1,108	1,064	733.53
EBITDA Margin	15.92%	14.21%	7.33%	14.26%	14.66%
D&A For EBITDA	84.26	32.42	26.21	20.05	14.2
EBIT	7,110	3,364	1,081	1,044	719.33
EBIT Margin	15.73%	14.08%	7.16%	13.99%	14.38%
Effective Tax Rate	28.66%	26.04%	24.58%	16.20%	25.67%

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