IST:ARTMS Income Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	637.12	1,345	1,188	604.83	217.26
Revenue Growth (YoY)	-52.64%	13.24%	96.41%	178.39%	50.42%
Cost of Revenue	403.95	906.95	958.79	600.59	159.05
Gross Profit	233.17	438.32	229.16	4.24	58.21
Selling, General & Admin	160.37	104.79	75.34	42.67	24.72
Other Operating Expenses	10.71	13.87	22.46	-0.1	12.09
Operating Expenses	171.08	118.66	97.8	42.56	36.82
Operating Income	62.09	319.66	131.37	-38.32	21.4
Interest Expense	-69.91	-65.89	-102.65	-75.85	-24.55
Interest & Investment Income	91.81	152.01	16.09	9.74	2.18
Currency Exchange Gain (Loss)	-30.58	4.32	-65.81	-12.13	19
Other Non Operating Income (Expenses)	269.79	13.28	78.98	146.49	-4.49
EBT Excluding Unusual Items	323.2	423.39	57.98	29.92	13.54
Gain (Loss) on Sale of Investments	-5.7	-0.03	-1.64	-41.59	-
Gain (Loss) on Sale of Assets	-	1.12	-	-	-
Legal Settlements	-	-	-1.3	-	-
Pretax Income	317.5	424.48	55.03	-11.66	13.54
Income Tax Expense	73.91	127.44	48.64	-16.85	-3.68
Net Income	243.59	297.04	6.39	5.18	17.22
Net Income to Common	243.59	297.04	6.39	5.18	17.22
Net Income Growth	-17.99%	4549.17%	23.33%	-69.92%	-24.72%
Shares Outstanding (Basic)	70	70	36	40	36
Shares Outstanding (Diluted)	70	70	36	40	36
Shares Change (YoY)	-	92.57%	-8.67%	9.49%	-
EPS (Basic)	3.48	4.24	0.18	0.13	0.47
EPS (Diluted)	3.48	4.24	0.18	0.13	0.47
EPS Growth	-17.99%	2314.33%	35.03%	-72.53%	-24.72%
Free Cash Flow	-53.38	-241	6.95	224.17	17.73
Free Cash Flow Per Share	-0.76	-3.44	0.19	5.63	0.49
Gross Margin	36.60%	32.58%	19.29%	0.70%	26.80%
Operating Margin	9.75%	23.76%	11.06%	-6.34%	9.85%
Profit Margin	38.23%	22.08%	0.54%	0.86%	7.93%
Free Cash Flow Margin	-8.38%	-17.91%	0.58%	37.06%	8.16%
EBITDA	149.44	358.45	169	-9.54	26.87
EBITDA Margin	23.46%	26.65%	14.23%	-1.58%	12.37%
D&A For EBITDA	87.35	38.79	37.64	28.79	5.47
EBIT	62.09	319.66	131.37	-38.32	21.4
EBIT Margin	9.75%	23.76%	11.06%	-6.34%	9.85%
Effective Tax Rate	23.28%	30.02%	88.39%	-	-
Advertising Expenses	9.11	4.78	4.49	5.67	2.26

Source: S&P Global Market Intelligence. Standard template. Financial Sources.