IST:ARTMS 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	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,058	1,133	1,188	604.83	217.26	144.44
Revenue Growth (YoY)	20.92%	-4.60%	96.41%	178.39%	50.42%	-
Cost of Revenue	622.83	692.25	958.79	600.59	159.05	74.08
Gross Profit	434.69	441.06	229.16	4.24	58.21	70.36
Selling, General & Admin	96.32	89.19	75.34	42.67	24.72	20.14
Other Operating Expenses	4.73	9.43	22.46	-0.1	12.09	0.89
Operating Expenses	101.05	98.62	97.8	42.56	36.82	21.02
Operating Income	333.64	342.44	131.37	-38.32	21.4	49.33
Interest Expense	-21.39	-58.61	-102.65	-75.85	-24.55	-25.37
Interest & Investment Income	130.04	130.33	16.09	9.74	2.18	2.52
Currency Exchange Gain (Loss)	1.3	1.3	-65.81	-12.13	19	0.58
Other Non Operating Income (Expenses)	-90.15	-91.49	78.98	146.49	-4.49	-2.38
EBT Excluding Unusual Items	353.45	323.97	57.98	29.92	13.54	24.69
Gain (Loss) on Sale of Investments	-0.02	-0.02	-1.64	-41.59	-	-
Legal Settlements	-0.16	-0.16	-1.3	-	-	-
Other Unusual Items	0.06	0.06	-	-	-	-
Pretax Income	353.32	323.85	55.03	-11.66	13.54	24.69
Income Tax Expense	54.95	97.23	48.64	-16.85	-3.68	1.8
Net Income	298.37	226.62	6.39	5.18	17.22	22.88
Net Income to Common	298.37	226.62	6.39	5.18	17.22	22.88
Net Income Growth	-	3446.96%	23.33%	-69.92%	-24.72%	-
Shares Outstanding (Basic)	-	67	36	40	36	36
Shares Outstanding (Diluted)	-	67	36	40	36	36
Shares Change (YoY)	-	83.97%	-8.67%	9.49%	-	-
EPS (Basic)	-	3.39	0.18	0.13	0.47	0.63
EPS (Diluted)	-	3.39	0.18	0.13	0.47	0.63
EPS Growth	-	1827.97%	35.03%	-72.53%	-24.72%	-
Free Cash Flow	-204.99	-178.28	6.95	224.17	17.73	40.56
Free Cash Flow Per Share	-	-2.67	0.19	5.63	0.49	1.12
Gross Margin	41.10%	38.92%	19.29%	0.70%	26.80%	48.71%
Operating Margin	31.55%	30.22%	11.06%	-6.34%	9.85%	34.16%
Profit Margin	28.21%	20.00%	0.54%	0.86%	7.93%	15.84%
Free Cash Flow Margin	-19.38%	-15.73%	0.58%	37.06%	8.16%	28.08%
EBITDA	356.89	362.38	169	-9.54	26.87	52.09
EBITDA Margin	33.75%	31.98%	14.23%	-1.58%	12.37%	36.07%
D&A For EBITDA	23.25	19.94	37.64	28.79	5.47	2.76
EBIT	333.64	342.44	131.37	-38.32	21.4	49.33
EBIT Margin	31.55%	30.22%	11.06%	-6.34%	9.85%	34.16%
Effective Tax Rate	15.55%	30.02%	88.39%	-	-	7.31%
Advertising Expenses	-	4.18	4.49	5.67	2.26	1.94

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.