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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	7,673	7,637	8,733
Revenue Growth (YoY)	-12.14%	-12.55%	-
Cost of Revenue	6,099	6,255	7,542
Gross Profit	1,574	1,382	1,192
Selling, General & Admin	766.77	681.29	587.6
Other Operating Expenses	42.95	-74.35	-34.38
Operating Expenses	809.72	606.94	553.23
Operating Income	764.73	774.91	638.64
Interest Expense	-773.9	-595.59	-500.15
Interest & Investment Income	193.47	191.2	101.64
Currency Exchange Gain (Loss)	-299.88	-299.88	-93.37
Other Non Operating Income (Expenses)	1,378	947.77	258.52
EBT Excluding Unusual Items	1,263	1,018	405.28
Legal Settlements	-2.46	-2.46	-4.07
Pretax Income	1,263	1,018	406.93
Income Tax Expense	355.68	209.4	125.94
Earnings From Continuing Operations	906.88	808.93	280.98
Minority Interest in Earnings	-3.32	-0.31	-0.41
Net Income	903.56	808.62	280.58
Net Income to Common	903.56	808.62	280.58
Net Income Growth	222.04%	188.20%	-
Shares Outstanding (Basic)	-	221	220
Shares Outstanding (Diluted)	-	221	220
Shares Change (YoY)	-	0.33%	-
EPS (Basic)	-	3.66	1.28
EPS (Diluted)	-	3.66	1.28
EPS Growth	-	187.26%	-
Free Cash Flow	-1,012	-3,178	165.98
Free Cash Flow Per Share	-	-14.40	0.75
Gross Margin	20.52%	18.09%	13.65%
Operating Margin	9.97%	10.15%	7.31%
Profit Margin	11.78%	10.59%	3.21%
Free Cash Flow Margin	-13.19%	-41.61%	1.90%
EBITDA	859.73	846.9	706.15
EBITDA Margin	11.20%	11.09%	8.09%
D&A For EBITDA	95	71.99	67.5
EBIT	764.73	774.91	638.64
EBIT Margin	9.97%	10.15%	7.31%
Effective Tax Rate	28.17%	20.56%	30.95%
Advertising Expenses	-	9.81	4.76

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