IST:ARASE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	39,897	33,908	29,195	6,125
Revenue Growth (YoY)	17.66%	16.14%	376.62%	-
Selling, General & Admin	3,377	2,853	1,383	496.83
Other Operating Expenses	30,713	24,899	25,488	5,096
Total Operating Expenses	34,090	27,752	26,871	5,593
Operating Income	5,807	6,155	2,324	532.54
Interest Expense	-1,957	-714.38	-266.9	-18.82
Interest Income	609.47	411.86	116.93	116.39
Net Interest Expense	-1,347	-302.52	-149.97	97.57
Currency Exchange Gain (Loss)	-61.22	-272.23	-180.54	-75.82
Other Non-Operating Income (Expenses)	-2,811	-2,461	-1,475	-74.02
EBT Excluding Unusual Items	1,588	3,120	518.27	480.27
Legal Settlements	-35.36	-17.48	-20.7	-6.12
Pretax Income	1,552	3,103	497.56	474.15
Income Tax Expense	1,394	-4,448	246.68	26.27
Net Income	158.6	7,551	250.88	447.88
Net Income to Common	158.6	7,551	250.88	447.88
Net Income Growth	-97.90%	2909.60%	-43.98%	-
Shares Outstanding (Basic)	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250
EPS (Basic)	0.63	30.20	1.00	1.79
EPS (Diluted)	0.63	30.20	1.00	1.79
EPS Growth	-97.90%	2909.60%	-43.98%	-
Free Cash Flow	4,918	298.31	-1,268	33.37
Free Cash Flow Per Share	19.67	1.19	-5.07	0.13
Dividend Per Share	-	0.914	0.091	-
Dividend Growth	-	907.35%	-	-
Profit Margin	0.40%	22.27%	0.86%	7.31%
Free Cash Flow Margin	12.33%	0.88%	-4.34%	0.55%
EBITDA	5,964	6,307	2,426	544.74
EBITDA Margin	14.95%	18.60%	8.31%	8.89%
D&A For EBITDA	156.61	151.67	102.27	12.2
EBIT	5,807	6,155	2,324	532.54
EBIT Margin	14.56%	18.15%	7.96%	8.69%
Effective Tax Rate	89.78%	-	49.58%	5.54%

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