IST:PAGYO 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	Sep '25 Sep 30, 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
Rental Revenue	842.94	758.18	650.46	314.66	75.22	53.03
Total Revenue	842.94	758.18	650.46	314.66	75.22	53.03
Revenue Growth (YoY	-5.01%	16.56%	106.72%	318.33%	41.84%	-40.14%
Property Expenses	160.57	160.57	174.5	89	23.27	18.65
Selling, General & Administrative	42.5	38.67	18.58	21.06	4.87	5.93
Other Operating Expenses	34.37	23.11	15.44	-11.24	-0.48	0.1
Total Operating Expenses	237.44	222.36	208.52	98.81	27.67	24.69
Operating Income	605.5	535.83	441.94	215.85	47.55	28.34
Interest Expense	-98.66	-104.11	-15.84	-	-0.56	-0.36
Interest & Investment Income	94.2	73.88	57.07	10.23	1.37	1.45
Currency Exchange Gain (Loss)	-0.16	-0.16	79.15	-0.05	0.62	0.32
Other Non-Operating Income	68.32	144.44	-174	-64.7	-	-
EBT Excluding Unusual Items	669.2	649.87	388.32	161.32	48.98	29.75
Asset Writedown	466.98	466.98	3,424	1,649	201.09	-0.46
Pretax Income	1,136	1,117	3,813	1,811	250.07	29.29
Income Tax Expense	458.76	296.15	1.47	-1.11	0.38	-0.14
Net Income	677.42	820.7	3,811	1,812	249.69	29.43
Net Income to Common	677.42	820.7	3,811	1,812	249.69	29.43
Net Income Growth	-83.93%	-78.47%	110.35%	625.62%	748.32%	-52.94%
Basic Shares Outstanding	87	87	87	87	87	87
Diluted Shares Outstanding	87	87	87	87	87	87
EPS (Basic)	7.79	9.43	43.81	20.83	2.87	0.34
EPS (Diluted)	7.79	9.43	43.81	20.83	2.87	0.34
EPS Growth	-83.93%	-78.47%	110.35%	625.62%	748.32%	-52.94%
Dividend Per Share	-	-	2.864	1.055	0.410	0.255
Dividend Growth	-	-	171.51%	157.27%	60.78%	-
Operating Margin	71.83%	70.67%	67.94%	68.60%	63.22%	53.45%
Profit Margin	80.36%	108.24%	585.91%	575.80%	331.95%	55.50%
EBITDA	606.13	536.12	443.07	216.61	47.68	28.48
EBITDA Margin	71.91%	70.71%	68.12%	68.84%	63.38%	53.70%
D&A For Ebitda	0.63	0.29	1.13	0.76	0.13	0.13
EBIT	605.5	535.83	441.94	215.85	47.55	28.34
EBIT Margin	71.83%	70.67%	67.94%	68.60%	63.22%	53.45%
Effective Tax Rate	40.38%	26.52%	0.04%	-	0.15%	-

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