MOGAN 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	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	11,347	13,886	20,355	3,288	2,055
Revenue Growth (YoY)	245.15%	-31.78%	519.15%	59.99%	-
Operations & Maintenance	12.5	11.37	1.81	1.82	0.73
Selling, General & Admin	781.84	609.97	112.87	61.27	72.02
Other Operating Expenses	9,613	11,398	17,258	2,124	1,508
Total Operating Expenses	10,407	12,019	17,373	2,187	1,581
Operating Income	939.75	1,867	2,982	1,100	473.65
Interest Expense	-2,952	-2,567	-2,953	-889.63	-618.58
Interest Income	1,140	975.95	298.21	895.94	338.11
Net Interest Expense	-1,812	-1,591	-2,655	6.32	-280.47
Currency Exchange Gain (Loss)	-14,712	-12,055	-13,188	-	-
Other Non-Operating Income (Expenses)	12,330	12,723	15,963	-	-
EBT Excluding Unusual Items	-3,254	944.46	3,102	1,107	193.18
Gain (Loss) on Sale of Investments	-	-	-0.05	-0.01	-
Insurance Settlements	38.16	36.37	21.59	-	-
Pretax Income	-3,216	980.83	3,124	1,107	193.18
Income Tax Expense	-783.15	-402.99	7,460	-596.93	-149.73
Earnings From Continuing Ops.	-2,433	1,384	-4,336	1,704	342.91
Minority Interest in Earnings	347.13	-122.86	504.53	-	-
Net Income	-2,085	1,261	-3,831	1,704	342.91
Net Income to Common	-2,085	1,261	-3,831	1,704	342.91
Net Income Growth	-	-	-	396.80%	-
Shares Outstanding (Basic)	2,440	2,230	2,230	-	-
Shares Outstanding (Diluted)	2,440	2,230	2,230	-	-
EPS (Basic)	-0.85	0.57	-1.72	-	-
EPS (Diluted)	-0.85	0.57	-1.72	-	-
Free Cash Flow	4,102	3,096	5,745	69.24	1,842
Free Cash Flow Per Share	1.68	1.39	2.58	-	-
Profit Margin	-18.38%	9.08%	-18.82%	51.82%	16.69%
Free Cash Flow Margin	36.15%	22.30%	28.23%	2.11%	89.65%
EBITDA	6,282	7,199	9,674	2,394	1,153
EBITDA Margin	55.37%	51.84%	47.53%	72.83%	56.10%
D&A For EBITDA	5,343	5,331	6,692	1,294	679.2
EBIT	939.75	1,867	2,982	1,100	473.65
EBIT Margin	8.28%	13.45%	14.65%	33.47%	23.05%
Effective Tax Rate	-	-	238.79%	-	-

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