ARASE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	30,884	23,485	29,195	6,125
Revenue Growth (YoY)	-25.49%	-19.56%	376.62%	-
Selling, General & Admin	2,437	1,976	1,383	496.83
Other Operating Expenses	24,632	17,230	25,488	5,096
Total Operating Expenses	27,069	19,206	26,871	5,593
Operating Income	3,815	4,280	2,324	532.54
Interest Expense	-1,519	-494.8	-266.9	-18.82
Interest Income	335.11	285.26	116.93	116.39
Net Interest Expense	-1,184	-209.53	-149.97	97.57
Currency Exchange Gain (Loss)	-50.22	-188.57	-180.54	-75.82
Other Non-Operating Income (Expenses)	-1,946	-1,720	-1,475	-74.02
EBT Excluding Unusual Items	634.85	2,161	518.27	480.27
Legal Settlements	-12.11	-12.11	-20.7	-6.12
Pretax Income	622.75	2,149	497.56	474.15
Income Tax Expense	-2,873	-3,081	246.68	26.27
Net Income	3,496	5,230	250.88	447.88
Net Income to Common	3,496	5,230	250.88	447.88
Net Income Growth	156.64%	1984.52%	-43.98%	-
Shares Outstanding (Basic)	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250
EPS (Basic)	13.98	20.92	1.00	1.79
EPS (Diluted)	13.98	20.92	1.00	1.79
EPS Growth	156.64%	1984.52%	-43.98%	-
Free Cash Flow	-1,629	-1,778	-1,268	33.37
Free Cash Flow Per Share	-6.52	-7.11	-5.07	0.13
Dividend Per Share	0.914	0.914	0.091	-
Dividend Growth	907.36%	907.36%	-	-
Profit Margin	11.32%	22.27%	0.86%	7.31%
Free Cash Flow Margin	-5.28%	-7.57%	-4.34%	0.54%
EBITDA	4,000	4,385	2,426	544.74
EBITDA Margin	12.95%	18.67%	8.31%	8.89%
D&A For EBITDA	185.7	105.05	102.27	12.2
EBIT	3,815	4,280	2,324	532.54
EBIT Margin	12.35%	18.22%	7.96%	8.69%
Effective Tax Rate	-	-	49.58%	5.54%

Source: S&P Capital IQ. Utility template. Financial Sources.