IST:ARMGD 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	12,155	9,889	8,733	7,791	6,264
Revenue Growth (YoY)	22.91%	13.23%	12.10%	24.37%	-
Cost of Revenue	9,995	8,188	7,542	7,003	5,569
Gross Profit	2,160	1,701	1,192	787.49	695.19
Selling, General & Admin	898.11	891.76	587.6	381.16	224.52
Other Operating Expenses	-116.28	-100.55	-34.38	-2.35	14.39
Operating Expenses	781.84	791.21	553.23	378.8	238.92
Operating Income	1,378	909.96	638.64	408.69	456.28
Interest Expense	-629.34	-779.59	-500.15	-422.69	-165.96
Interest & Investment Income	930.88	250.27	101.64	38.74	5.74
Currency Exchange Gain (Loss)	-786.52	-392.52	-93.37	-249.81	-379.02
Other Non Operating Income (Expenses)	239.58	1,348	258.52	224.46	510.91
EBT Excluding Unusual Items	1,133	1,336	405.28	-0.62	427.95
Gain (Loss) on Sale of Investments	-18.25	-	-	-	-
Legal Settlements	-7.62	-6.46	-4.07	-	-
Pretax Income	1,117	1,333	406.93	0.13	427.95
Income Tax Expense	427.04	274.09	125.94	-18.81	-37.3
Earnings From Continuing Operations	689.72	1,059	280.98	18.94	465.25
Minority Interest in Earnings	-0.14	-0.41	-0.41	-	-
Net Income	689.59	1,058	280.58	18.94	465.25
Net Income to Common	689.59	1,058	280.58	18.94	465.25
Net Income Growth	-34.85%	277.23%	1381.58%	-95.93%	-
Shares Outstanding (Basic)	264	264	220	-	-
Shares Outstanding (Diluted)	264	264	220	-	-
Shares Change (YoY)	0.10%	19.98%	-	-	-
EPS (Basic)	2.61	4.01	1.28	-	-
EPS (Diluted)	2.61	4.01	1.28	-	-
EPS Growth	-34.91%	214.40%	-	-	-
Free Cash Flow	-2,844	-4,269	165.98	-420.4	-668.77
Free Cash Flow Per Share	-10.76	-16.18	0.75	-	-
Gross Margin	17.77%	17.20%	13.65%	10.11%	11.10%
Operating Margin	11.34%	9.20%	7.31%	5.25%	7.28%
Profit Margin	5.67%	10.70%	3.21%	0.24%	7.43%
Free Cash Flow Margin	-23.40%	-43.17%	1.90%	-5.40%	-10.68%
EBITDA	1,545	1,004	706.15	462.44	486.66
EBITDA Margin	12.71%	10.15%	8.09%	5.94%	7.77%
D&A For EBITDA	166.82	94.23	67.5	53.75	30.38
EBIT	1,378	909.96	638.64	408.69	456.28
EBIT Margin	11.34%	9.20%	7.31%	5.25%	7.28%
Effective Tax Rate	38.24%	20.56%	30.95%	-	-
Advertising Expenses	12	12.84	4.76	6.9	4.13

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