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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,673	7,637	8,733	7,791	6,264
Revenue Growth (YoY)	-12.14%	-12.55%	12.10%	24.37%	-
Cost of Revenue	6,102	6,255	7,542	7,003	5,569
Gross Profit	1,571	1,382	1,192	787.49	695.19
Selling, General & Admin	764.29	681.29	587.6	381.16	224.52
Other Operating Expenses	-77.37	-74.35	-34.38	-2.35	14.39
Operating Expenses	686.92	606.94	553.23	378.8	238.92
Operating Income	884.28	774.91	638.64	408.69	456.28
Interest Expense	-580.19	-595.59	-500.15	-422.69	-165.96
Interest & Investment Income	556.38	191.2	101.64	38.74	5.74
Currency Exchange Gain (Loss)	-531.53	-299.88	-93.37	-249.81	-379.02
Other Non Operating Income (Expenses)	934.04	947.77	258.52	224.46	510.91
EBT Excluding Unusual Items	1,263	1,018	405.28	-0.62	427.95
Legal Settlements	-2.67	-2.46	-4.07	-	-
Pretax Income	1,263	1,018	406.93	0.13	427.95
Income Tax Expense	355.68	209.4	125.94	-18.81	-37.3
Earnings From Continuing Operations	906.88	808.93	280.98	18.94	465.25
Minority Interest in Earnings	-3.32	-0.31	-0.41	-	-
Net Income	903.56	808.62	280.58	18.94	465.25
Net Income to Common	903.56	808.62	280.58	18.94	465.25
Net Income Growth	222.04%	188.20%	1381.58%	-95.93%	-
Shares Outstanding (Basic)	241	221	220	97	97
Shares Outstanding (Diluted)	241	221	220	97	97
Shares Change (YoY)	9.46%	0.33%	126.74%	-	-
EPS (Basic)	3.75	3.66	1.28	0.20	4.80
EPS (Diluted)	3.75	3.66	1.28	0.20	4.80
EPS Growth	194.21%	187.26%	553.43%	-95.93%	-
Free Cash Flow	-983.38	-3,178	165.98	-420.4	-668.77
Free Cash Flow Per Share	-4.08	-14.40	0.75	-4.33	-6.89
Gross Margin	20.48%	18.09%	13.65%	10.11%	11.10%
Operating Margin	11.52%	10.15%	7.31%	5.25%	7.28%
Profit Margin	11.78%	10.59%	3.21%	0.24%	7.43%
Free Cash Flow Margin	-12.82%	-41.61%	1.90%	-5.40%	-10.68%
EBITDA	981.02	846.9	706.15	462.44	486.66
EBITDA Margin	12.78%	11.09%	8.09%	5.94%	7.77%
D&A For EBITDA	96.74	71.99	67.5	53.75	30.38
EBIT	884.28	774.91	638.64	408.69	456.28
EBIT Margin	11.52%	10.15%	7.31%	5.25%	7.28%
Effective Tax Rate	28.17%	20.56%	30.95%	-	-
Advertising Expenses	-	9.81	4.76	6.9	4.13

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