IST:ARASE Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27,296	39,897	33,908	29,195	6,125
Revenue Growth (YoY)	-40.77%	17.66%	16.14%	376.62%	-
Selling, General & Admin	3,572	3,377	2,853	1,383	496.83
Other Operating Expenses	17,699	30,713	24,899	25,488	5,096
Total Operating Expenses	21,271	34,090	27,752	26,871	5,593
Operating Income	6,025	5,807	6,155	2,324	532.54
Interest Expense	-1,780	-1,957	-714.38	-266.9	-18.82
Interest Income	355.36	609.47	411.86	116.93	116.39
Net Interest Expense	-1,425	-1,347	-302.52	-149.97	97.57
Currency Exchange Gain (Loss)	5.4	-61.22	-272.23	-180.54	-75.82
Other Non-Operating Income (Expenses)	-2,280	-2,811	-2,461	-1,475	-74.02
EBT Excluding Unusual Items	2,326	1,588	3,120	518.27	480.27
Legal Settlements	-35.36	-35.36	-17.48	-20.7	-6.12
Pretax Income	2,290	1,552	3,103	497.56	474.15
Income Tax Expense	933.41	1,394	-4,448	246.68	26.27
Net Income	1,357	158.6	7,551	250.88	447.88
Net Income to Common	1,357	158.6	7,551	250.88	447.88
Net Income Growth	-77.22%	-97.90%	2909.60%	-43.98%	-
Shares Outstanding (Basic)	250	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250	250
EPS (Basic)	5.43	0.63	30.20	1.00	1.79
EPS (Diluted)	5.43	0.63	30.20	1.00	1.79
EPS Growth	-77.22%	-97.90%	2909.60%	-43.98%	-
Free Cash Flow	8,696	4,918	298.31	-1,268	33.37
Free Cash Flow Per Share	34.78	19.67	1.19	-5.07	0.13
Dividend Per Share	-	-	0.914	0.091	-
Dividend Growth	-	-	907.35%	-	-
Profit Margin	4.97%	0.40%	22.27%	0.86%	7.31%
Free Cash Flow Margin	31.86%	12.33%	0.88%	-4.34%	0.55%
EBITDA	6,146	5,964	6,307	2,426	544.74
EBITDA Margin	22.52%	14.95%	18.60%	8.31%	8.89%
D&A For EBITDA	121.09	156.61	151.67	102.27	12.2
EBIT	6,025	5,807	6,155	2,324	532.54
EBIT Margin	22.07%	14.56%	18.15%	7.96%	8.69%
Effective Tax Rate	40.75%	89.78%	-	49.58%	5.54%

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