ARTMS Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	579.09	822.8	604.83	217.26	144.44
Revenue Growth (YoY)	-54.42%	36.04%	178.39%	50.42%	-
Cost of Revenue	438.7	664.08	600.59	159.05	74.08
Gross Profit	140.39	158.72	4.24	58.21	70.36
Selling, General & Admin	67.08	52.18	42.67	24.72	20.14
Other Operating Expenses	9.5	15.56	-0.1	12.09	0.89
Operating Expenses	76.58	67.74	42.56	36.82	21.02
Operating Income	63.81	90.99	-38.32	21.4	49.33
Interest Expense	-67.66	-71.1	-75.85	-24.55	-25.37
Interest & Investment Income	99.07	11.14	9.74	2.18	2.52
Currency Exchange Gain (Loss)	-14.04	-45.58	-12.13	19	0.58
Other Non Operating Income (Expenses)	52.78	54.71	146.49	-4.49	-2.38
EBT Excluding Unusual Items	133.97	40.16	29.92	13.54	24.69
Gain (Loss) on Sale of Investments	-0.31	-1.14	-41.59	-	-
Legal Settlements	-0.82	-0.9	-	-	-
Pretax Income	132.83	38.12	-11.66	13.54	24.69
Income Tax Expense	56.6	33.69	-16.85	-3.68	1.8
Net Income	76.23	4.43	5.18	17.22	22.88
Net Income to Common	76.23	4.43	5.18	17.22	22.88
Net Income Growth	-	-14.58%	-69.92%	-24.72%	-
Shares Outstanding (Basic)	62	40	40	36	36
Shares Outstanding (Diluted)	62	40	40	36	36
Shares Change (YoY)	55.54%	-	9.49%	-	-
EPS (Basic)	1.23	0.11	0.13	0.47	0.63
EPS (Diluted)	1.23	0.11	0.13	0.47	0.63
EPS Growth	-	-14.58%	-72.53%	-24.72%	-
Free Cash Flow	-71.09	4.81	224.17	17.73	40.56
Free Cash Flow Per Share	-1.15	0.12	5.63	0.49	1.12
Gross Margin	24.24%	19.29%	0.70%	26.79%	48.71%
Operating Margin	11.02%	11.06%	-6.34%	9.85%	34.16%
Profit Margin	13.16%	0.54%	0.86%	7.93%	15.84%
Free Cash Flow Margin	-12.28%	0.59%	37.06%	8.16%	28.08%
EBITDA	77.92	116.75	-9.54	26.87	52.09
EBITDA Margin	13.46%	14.19%	-1.58%	12.37%	36.07%
D&A For EBITDA	14.1	25.76	28.79	5.47	2.76
EBIT	63.81	90.99	-38.32	21.4	49.33
EBIT Margin	11.02%	11.06%	-6.34%	9.85%	34.16%
Effective Tax Rate	42.61%	88.39%	-	-	7.31%
Advertising Expenses	-	3.11	5.67	2.26	1.94

Source: S&P Capital IQ. Standard template. Financial Sources.