IST:PAGYO 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
Rental Revenue	1,112	758.18	650.46	314.66	75.22
Total Revenue	1,112	758.18	650.46	314.66	75.22
Revenue Growth (YoY	46.65%	16.56%	106.72%	318.33%	41.84%
Property Expenses	224.64	160.57	174.5	89	23.27
Selling, General & Administrative	55	38.67	18.58	21.06	4.87
Other Operating Expenses	-1,033	23.11	15.44	-11.24	-0.48
Total Operating Expenses	-753.12	222.36	208.52	98.81	27.67
Operating Income	1,865	535.83	441.94	215.85	47.55
Interest Expense	-90.39	-104.11	-15.84	-	-0.56
Interest & Investment Income	-	73.88	57.07	10.23	1.37
Currency Exchange Gain (Loss)	-	-0.16	79.15	-0.05	0.62
Other Non-Operating Income	95.23	144.44	-174	-64.7	-
EBT Excluding Unusual Items	1,870	649.87	388.32	161.32	48.98
Asset Writedown	-	466.98	3,424	1,649	201.09
Pretax Income	1,870	1,117	3,813	1,811	250.07
Income Tax Expense	299.57	296.15	1.47	-1.11	0.38
Net Income	1,570	820.7	3,811	1,812	249.69
Net Income to Common	1,570	820.7	3,811	1,812	249.69
Net Income Growth	91.33%	-78.47%	110.35%	625.62%	748.32%
Basic Shares Outstanding	-	87	87	87	87
Diluted Shares Outstanding	-	87	87	87	87
EPS (Basic)	-	9.43	43.81	20.83	2.87
EPS (Diluted)	-	9.43	43.81	20.83	2.87
EPS Growth	-	-78.47%	110.35%	625.62%	748.32%
Dividend Per Share	-	-	2.864	1.055	0.410
Dividend Growth	-	-	171.51%	157.27%	60.78%
Operating Margin	167.74%	70.67%	67.94%	68.60%	63.22%
Profit Margin	141.23%	108.24%	585.91%	575.80%	331.95%
EBITDA	1,866	536.12	443.07	216.61	47.68
EBITDA Margin	167.83%	70.71%	68.12%	68.84%	63.38%
D&A For Ebitda	1.06	0.29	1.13	0.76	0.13
EBIT	1,865	535.83	441.94	215.85	47.55
EBIT Margin	167.74%	70.67%	67.94%	68.60%	63.22%
Effective Tax Rate	16.02%	26.52%	0.04%	-	0.15%

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