HOROZ 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
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,898	5,451	4,089	3,433
Revenue Growth (YoY)	44.23%	33.31%	19.10%	-
Cost of Revenue	5,020	4,991	3,824	3,302
Gross Profit	878.01	460.59	265.46	131.08
Selling, General & Admin	609.91	407.76	241.77	211.43
Other Operating Expenses	-46.86	100.87	12.46	46.26
Operating Expenses	563.05	508.62	254.23	257.69
Operating Income	314.97	-48.03	11.23	-126.61
Interest Expense	-395.53	-279.81	-257.83	-209.79
Interest & Investment Income	140.45	13.89	1.66	51.94
Earnings From Equity Investments	33.85	33.85	51.84	52.98
Currency Exchange Gain (Loss)	40.19	-3.02	0.24	4.22
Other Non Operating Income (Expenses)	356.19	493.88	536.42	479.61
EBT Excluding Unusual Items	490.11	210.76	343.56	252.35
Gain (Loss) on Sale of Investments	-6.96	-0.21	-20.87	-
Legal Settlements	-11.03	-5.97	-4.7	-7.82
Pretax Income	472.13	204.59	318	244.53
Income Tax Expense	191.06	68.36	14.06	-33.7
Earnings From Continuing Operations	281.06	136.23	303.94	278.23
Minority Interest in Earnings	-0.08	0.17	1.27	0.93
Net Income	730.78	136.4	305.21	279.17
Net Income to Common	730.78	136.4	305.21	279.17
Net Income Growth	139.44%	-55.31%	9.33%	-
Shares Outstanding (Basic)	86	72	100	100
Shares Outstanding (Diluted)	86	72	100	100
Shares Change (YoY)	-14.01%	-27.51%	-	-
EPS (Basic)	8.50	1.88	3.05	2.79
EPS (Diluted)	8.50	1.88	3.05	2.79
EPS Growth	178.46%	-38.35%	9.33%	-
Free Cash Flow	299.54	394.71	426.66	344.39
Free Cash Flow Per Share	3.48	5.45	4.27	3.44
Gross Margin	14.89%	8.45%	6.49%	3.82%
Operating Margin	5.34%	-0.88%	0.27%	-3.69%
Profit Margin	12.39%	2.50%	7.46%	8.13%
Free Cash Flow Margin	5.08%	7.24%	10.43%	10.03%
EBITDA	-344.96	60.86	112.27	-46.89
EBITDA Margin	-5.85%	1.12%	2.75%	-1.37%
D&A For EBITDA	-659.93	108.9	101.03	79.72
EBIT	314.97	-48.03	11.23	-126.61
EBIT Margin	5.34%	-0.88%	0.27%	-3.69%
Effective Tax Rate	40.47%	33.41%	4.42%	-

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