IST:ARMGD 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	7,557	7,637	8,733	7,791	6,264
Revenue Growth (YoY)	-24.86%	-12.55%	12.10%	24.37%	-
Cost of Revenue	5,962	6,255	7,542	7,003	5,569
Gross Profit	1,595	1,382	1,192	787.49	695.19
Selling, General & Admin	716.95	681.29	587.6	381.16	224.52
Other Operating Expenses	-127.26	-74.35	-34.38	-2.35	14.39
Operating Expenses	589.69	606.94	553.23	378.8	238.92
Operating Income	1,006	774.91	638.64	408.69	456.28
Interest Expense	-442.45	-595.59	-500.15	-422.69	-165.96
Interest & Investment Income	663.99	191.2	101.64	38.74	5.74
Currency Exchange Gain (Loss)	-914.38	-299.88	-93.37	-249.81	-379.02
Other Non Operating Income (Expenses)	989.6	947.77	258.52	224.46	510.91
EBT Excluding Unusual Items	1,302	1,018	405.28	-0.62	427.95
Legal Settlements	-1.31	-2.46	-4.07	-	-
Pretax Income	1,306	1,018	406.93	0.13	427.95
Income Tax Expense	472.59	209.4	125.94	-18.81	-37.3
Earnings From Continuing Operations	832.94	808.93	280.98	18.94	465.25
Minority Interest in Earnings	-2.69	-0.31	-0.41	-	-
Net Income	830.25	808.62	280.58	18.94	465.25
Net Income to Common	830.25	808.62	280.58	18.94	465.25
Net Income Growth	52.18%	188.20%	1381.58%	-95.93%	-
Shares Outstanding (Basic)	252	220	220	-	-
Shares Outstanding (Diluted)	252	220	220	-	-
Shares Change (YoY)	14.70%	0.16%	-	-	-
EPS (Basic)	3.29	3.67	1.28	-	-
EPS (Diluted)	3.29	3.67	1.28	-	-
EPS Growth	32.68%	187.74%	-	-	-
Free Cash Flow	-1,626	-3,178	165.98	-420.4	-668.77
Free Cash Flow Per Share	-6.44	-14.42	0.75	-	-
Gross Margin	21.11%	18.09%	13.65%	10.11%	11.10%
Operating Margin	13.31%	10.15%	7.31%	5.25%	7.28%
Profit Margin	10.99%	10.59%	3.21%	0.24%	7.43%
Free Cash Flow Margin	-21.51%	-41.61%	1.90%	-5.40%	-10.68%
EBITDA	1,124	846.9	706.15	462.44	486.66
EBITDA Margin	14.87%	11.09%	8.09%	5.94%	7.77%
D&A For EBITDA	118.3	71.99	67.5	53.75	30.38
EBIT	1,006	774.91	638.64	408.69	456.28
EBIT Margin	13.31%	10.15%	7.31%	5.25%	7.28%
Effective Tax Rate	36.20%	20.56%	30.95%	-	-
Advertising Expenses	-	9.81	4.76	6.9	4.13

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