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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	7,401	7,637	8,733
Revenue Growth (YoY)	-	-12.55%	-
Cost of Revenue	5,746	6,255	7,542
Gross Profit	1,654	1,382	1,192
Selling, General & Admin	702.3	681.29	587.6
Other Operating Expenses	-74.11	-74.35	-34.38
Operating Expenses	628.19	606.94	553.23
Operating Income	1,026	774.91	638.64
Interest Expense	-659.89	-595.59	-500.15
Interest & Investment Income	318.03	191.2	101.64
Currency Exchange Gain (Loss)	-399.87	-299.88	-93.37
Other Non Operating Income (Expenses)	875.14	947.77	258.52
EBT Excluding Unusual Items	1,159	1,018	405.28
Legal Settlements	-5.22	-2.46	-4.07
Pretax Income	1,156	1,018	406.93
Income Tax Expense	253.47	209.4	125.94
Earnings From Continuing Operations	902.99	808.93	280.98
Minority Interest in Earnings	-1.87	-0.31	-0.41
Net Income	901.11	808.62	280.58
Net Income to Common	901.11	808.62	280.58
Net Income Growth	-	188.20%	-
Shares Outstanding (Basic)	264	221	220
Shares Outstanding (Diluted)	264	221	220
Shares Change (YoY)	-	0.33%	-
EPS (Basic)	3.41	3.66	1.28
EPS (Diluted)	3.41	3.66	1.28
EPS Growth	-	187.26%	-
Free Cash Flow	-1,050	-3,178	165.98
Free Cash Flow Per Share	-3.98	-14.40	0.75
Gross Margin	22.35%	18.09%	13.65%
Operating Margin	13.86%	10.15%	7.31%
Profit Margin	12.18%	10.59%	3.21%
Free Cash Flow Margin	-14.19%	-41.61%	1.90%
EBITDA	1,106	846.9	706.15
EBITDA Margin	14.94%	11.09%	8.09%
D&A For EBITDA	79.67	71.99	67.5
EBIT	1,026	774.91	638.64
EBIT Margin	13.86%	10.15%	7.31%
Effective Tax Rate	21.92%	20.56%	30.95%
Advertising Expenses	-	9.81	4.76

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.