IST:ARENA 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	36,222	33,185	27,621	17,259	6,071	5,102
Revenue Growth (YoY)	52.59%	20.14%	60.03%	184.31%	18.97%	65.97%
Cost of Revenue	34,165	31,275	26,128	16,299	5,775	4,860
Gross Profit	2,056	1,910	1,493	960.82	295.35	242.7
Selling, General & Admin	1,393	935.35	562.5	387.42	128.84	91.41
Other Operating Expenses	-160.99	-54.62	-64.31	-15.92	-3.87	-4.26
Operating Expenses	1,232	880.72	498.19	371.5	124.97	87.15
Operating Income	824.33	1,029	994.87	589.32	170.38	155.55
Interest Expense	-1,435	-1,332	-974.87	-448.39	-88.01	-61.25
Interest & Investment Income	127.3	112.56	178.78	108.34	8.04	8.4
Currency Exchange Gain (Loss)	-301.54	-290.37	78.53	-1.55	36.96	12.68
Other Non Operating Income (Expenses)	-313.69	-185.43	-102.01	-69.27	-17.88	-11.18
Pretax Income	-1,148	-666.49	175.3	178.46	109.48	104.19
Income Tax Expense	-375.61	-260.93	59.3	68.95	42.33	39.55
Earnings From Continuing Operations	-772.01	-405.56	116	109.51	67.15	64.64
Earnings From Discontinued Operations	67.55	114.76	112.9	-	-	-
Net Income to Company	-704.46	-290.8	228.9	109.51	67.15	64.64
Net Income	-704.46	-290.8	228.9	109.51	67.15	64.64
Net Income to Common	-704.46	-290.8	228.9	109.51	67.15	64.64
Net Income Growth	-	-	109.03%	63.08%	3.88%	109.97%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
EPS (Basic)	-7.05	-2.91	2.29	1.10	0.67	0.65
EPS (Diluted)	-7.05	-2.91	2.29	1.10	0.67	0.65
EPS Growth	-	-	109.03%	63.08%	3.88%	109.97%
Free Cash Flow	2,181	1,781	-302.08	830.81	69.43	-73.82
Free Cash Flow Per Share	21.83	17.81	-3.02	8.31	0.69	-0.74
Gross Margin	5.68%	5.75%	5.41%	5.57%	4.87%	4.76%
Operating Margin	2.28%	3.10%	3.60%	3.41%	2.81%	3.05%
Profit Margin	-1.94%	-0.88%	0.83%	0.63%	1.11%	1.27%
Free Cash Flow Margin	6.02%	5.37%	-1.09%	4.81%	1.14%	-1.45%
EBITDA	995.44	1,149	1,039	613.41	174.31	158.12
EBITDA Margin	2.75%	3.46%	3.76%	3.55%	2.87%	3.10%
D&A For EBITDA	171.11	120.22	43.91	24.09	3.93	2.57
EBIT	824.33	1,029	994.87	589.32	170.38	155.55
EBIT Margin	2.28%	3.10%	3.60%	3.41%	2.81%	3.05%
Effective Tax Rate	-	-	33.83%	38.64%	38.67%	37.96%
Advertising Expenses	-	17.65	3.57	5.62	3.45	1.74

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.