IST:ARENA Income Statement

Financials in millions TRY. Fiscal year is April - March.

Millions TRY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	35,605	34,840	33,185	27,621	17,259	6,071
Revenue Growth (YoY)	7.29%	4.99%	20.14%	60.03%	184.31%	18.97%
Cost of Revenue	34,281	33,443	31,275	26,128	16,299	5,775
Gross Profit	1,324	1,397	1,910	1,493	960.82	295.35
Selling, General & Admin	1,702	1,263	935.35	562.5	387.42	128.84
Other Operating Expenses	-371.26	-226.62	-54.62	-64.31	-15.92	-3.87
Operating Expenses	1,331	1,037	880.72	498.19	371.5	124.97
Operating Income	-7.16	360.1	1,029	994.87	589.32	170.38
Interest Expense	-1,049	-958.72	-1,332	-974.87	-448.39	-88.01
Interest & Investment Income	78.4	71.15	112.56	178.78	108.34	8.04
Currency Exchange Gain (Loss)	-283.4	-254.69	-290.37	78.53	-1.55	36.96
Other Non Operating Income (Expenses)	176.82	299.37	-185.43	-102.01	-69.27	-17.88
Pretax Income	-1,137	-482.79	-666.49	175.3	178.46	109.48
Income Tax Expense	1,577	1,676	-260.93	59.3	68.95	42.33
Earnings From Continuing Operations	-2,714	-2,159	-405.56	116	109.51	67.15
Earnings From Discontinued Operations	10,606	10,695	114.76	112.9	-	-
Net Income to Company	7,892	8,536	-290.8	228.9	109.51	67.15
Net Income	7,892	8,536	-290.8	228.9	109.51	67.15
Net Income to Common	7,892	8,536	-290.8	228.9	109.51	67.15
Net Income Growth	-	-	-	109.03%	63.08%	3.88%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
EPS (Basic)	78.92	85.36	-2.91	2.29	1.10	0.67
EPS (Diluted)	78.92	85.36	-2.91	2.29	1.10	0.67
EPS Growth	-	-	-	109.03%	63.08%	3.88%
Free Cash Flow	-7,476	-8,647	1,781	-302.08	830.81	69.43
Free Cash Flow Per Share	-74.76	-86.47	17.81	-3.02	8.31	0.69
Gross Margin	3.72%	4.01%	5.75%	5.41%	5.57%	4.87%
Operating Margin	-0.02%	1.03%	3.10%	3.60%	3.41%	2.81%
Profit Margin	22.17%	24.50%	-0.88%	0.83%	0.63%	1.11%
Free Cash Flow Margin	-21.00%	-24.82%	5.37%	-1.09%	4.81%	1.14%
EBITDA	198.97	528.27	1,149	1,039	613.41	174.31
EBITDA Margin	0.56%	1.52%	3.46%	3.76%	3.55%	2.87%
D&A For EBITDA	206.14	168.16	120.22	43.91	24.09	3.93
EBIT	-7.16	360.1	1,029	994.87	589.32	170.38
EBIT Margin	-0.02%	1.03%	3.10%	3.60%	3.41%	2.81%
Effective Tax Rate	-	-	-	33.83%	38.64%	38.67%
Advertising Expenses	-	-	17.65	3.57	5.62	3.45

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.