IST:ARDYZ 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
Revenue	4,225	2,725	1,647	989.05	278.2
Revenue Growth (YoY)	55.02%	65.49%	66.50%	255.52%	122.21%
Cost of Revenue	2,137	1,030	341.26	390.03	62.57
Gross Profit	2,088	1,696	1,306	599.02	215.63
Selling, General & Admin	783.52	616.08	73.55	31.44	7.43
Research & Development	69.62	188.6	52.76	64.58	58.04
Other Operating Expenses	-51.15	-39.18	25.66	4.68	2.97
Operating Expenses	801.98	765.5	151.97	100.7	68.44
Operating Income	1,286	930.15	1,154	498.32	147.19
Interest Expense	-766.02	-492.14	-242.19	-22.33	-1.45
Interest & Investment Income	18.78	111.97	92.54	13.8	3.68
Currency Exchange Gain (Loss)	-10.65	-10.79	-10.97	3.92	2.75
Other Non Operating Income (Expenses)	81.06	-60.07	-353.76	-184.79	-0.17
EBT Excluding Unusual Items	608.93	479.12	639.17	308.91	151.99
Gain (Loss) on Sale of Investments	5.84	11.47	-	18.79	-
Other Unusual Items	-3.92	-6.96	-	-	-
Pretax Income	610.85	483.63	639.17	327.71	151.99
Income Tax Expense	99.16	-18.23	-0.42	48.42	0.73
Earnings From Continuing Operations	511.69	501.86	639.59	279.29	151.26
Minority Interest in Earnings	30.16	-13.36	-21.07	-	-
Net Income	541.85	488.5	618.52	279.29	151.26
Preferred Dividends & Other Adjustments	30.16	-13.36	-	-	-
Net Income to Common	511.69	501.86	618.52	279.29	151.26
Net Income Growth	10.92%	-21.02%	121.46%	84.63%	130.34%
Shares Outstanding (Basic)	322	170	170	170	37
Shares Outstanding (Diluted)	322	170	170	170	37
Shares Change (YoY)	89.57%	-	-	363.39%	-77.32%
EPS (Basic)	1.59	2.95	3.64	1.64	4.12
EPS (Diluted)	1.59	2.95	3.64	1.64	4.12
EPS Growth	-46.22%	-18.86%	121.46%	-60.16%	915.58%
Free Cash Flow	-1,446	-127.4	-335.22	-83.17	123.45
Free Cash Flow Per Share	-4.49	-0.75	-1.97	-0.49	3.37
Dividend Per Share	-	-	0.022	0.015	0.007
Dividend Growth	-	-	46.54%	131.73%	-
Gross Margin	49.42%	62.22%	79.28%	60.57%	77.51%
Operating Margin	30.44%	34.13%	70.05%	50.38%	52.91%
Profit Margin	12.11%	18.41%	37.56%	28.24%	54.37%
Free Cash Flow Margin	-34.23%	-4.67%	-20.36%	-8.41%	44.37%
EBITDA	1,620	1,173	1,235	506.61	148.89
EBITDA Margin	38.35%	43.03%	75.02%	51.22%	53.52%
D&A For EBITDA	334.29	242.43	81.89	8.29	1.7
EBIT	1,286	930.15	1,154	498.32	147.19
EBIT Margin	30.44%	34.13%	70.05%	50.38%	52.91%
Effective Tax Rate	16.23%	-	-	14.78%	0.48%
Advertising Expenses	1.03	-	-	-	-

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