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	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	618.21	822.8	604.83	217.26	144.44
Revenue Growth (YoY)	-	36.04%	178.39%	50.42%	-
Cost of Revenue	402.34	664.08	600.59	159.05	74.08
Gross Profit	215.87	158.72	4.24	58.21	70.36
Selling, General & Admin	58.06	52.18	42.67	24.72	20.14
Other Operating Expenses	-21.3	15.56	-0.1	12.09	0.89
Operating Expenses	36.76	67.74	42.56	36.82	21.02
Operating Income	179.1	90.99	-38.32	21.4	49.33
Interest Expense	-80.74	-71.1	-75.85	-24.55	-25.37
Interest & Investment Income	9.81	11.14	9.74	2.18	2.52
Currency Exchange Gain (Loss)	-45.58	-45.58	-12.13	19	0.58
Other Non Operating Income (Expenses)	55.82	54.71	146.49	-4.49	-2.38
EBT Excluding Unusual Items	118.41	40.16	29.92	13.54	24.69
Gain (Loss) on Sale of Investments	-1.14	-1.14	-41.59	-	-
Legal Settlements	-0.9	-0.9	-	-	-
Pretax Income	116.37	38.12	-11.66	13.54	24.69
Income Tax Expense	68.78	33.69	-16.85	-3.68	1.8
Net Income	47.59	4.43	5.18	17.22	22.88
Net Income to Common	47.59	4.43	5.18	17.22	22.88
Net Income Growth	-	-14.58%	-69.92%	-24.72%	-
Shares Outstanding (Basic)	70	40	40	36	36
Shares Outstanding (Diluted)	70	40	40	36	36
Shares Change (YoY)	-	-	9.49%	-	-
EPS (Basic)	0.68	0.11	0.13	0.47	0.63
EPS (Diluted)	0.68	0.11	0.13	0.47	0.63
EPS Growth	-	-14.58%	-72.53%	-24.72%	-
Free Cash Flow	-72.84	4.81	224.17	17.73	40.56
Free Cash Flow Per Share	-1.04	0.12	5.63	0.49	1.12
Gross Margin	34.92%	19.29%	0.70%	26.79%	48.71%
Operating Margin	28.97%	11.06%	-6.34%	9.85%	34.16%
Profit Margin	7.70%	0.54%	0.86%	7.93%	15.84%
Free Cash Flow Margin	-11.78%	0.59%	37.06%	8.16%	28.08%
EBITDA	194.49	116.75	-9.54	26.87	52.09
EBITDA Margin	31.46%	14.19%	-1.58%	12.37%	36.07%
D&A For EBITDA	15.39	25.76	28.79	5.47	2.76
EBIT	179.1	90.99	-38.32	21.4	49.33
EBIT Margin	28.97%	11.06%	-6.34%	9.85%	34.16%
Effective Tax Rate	59.10%	88.39%	-	-	7.31%
Advertising Expenses	-	3.11	5.67	2.26	1.94

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