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	992.41	650.46	314.66	75.22
Total Revenue	1,112	992.41	650.46	314.66	75.22
Revenue Growth (YoY	12.04%	52.57%	106.72%	318.33%	41.84%
Property Expenses	225.02	219.89	174.5	89	23.27
Selling, General & Administrative	54.62	52.35	18.58	21.06	4.87
Other Operating Expenses	-947.1	-592.44	15.44	-11.24	-0.48
Total Operating Expenses	-667.46	-320.19	208.52	98.81	27.67
Operating Income	1,779	1,313	441.94	215.85	47.55
Interest Expense	-90.39	-136.27	-15.84	-	-0.56
Interest & Investment Income	51.47	96.7	57.07	10.23	1.37
Currency Exchange Gain (Loss)	-0.01	-0.21	79.15	-0.05	0.62
Other Non-Operating Income	95.23	189.06	-174	-64.7	-
EBT Excluding Unusual Items	1,836	1,462	388.32	161.32	48.98
Gain (Loss) on Sale of Investments	34.21	-	-	-	-
Asset Writedown	-	-	3,424	1,649	201.09
Pretax Income	1,870	1,462	3,813	1,811	250.07
Income Tax Expense	299.57	387.63	1.47	-1.11	0.38
Net Income	1,570	1,074	3,811	1,812	249.69
Net Income to Common	1,570	1,074	3,811	1,812	249.69
Net Income Growth	46.17%	-71.81%	110.35%	625.62%	748.32%
Basic Shares Outstanding	87	87	87	87	87
Diluted Shares Outstanding	87	87	87	87	87
EPS (Basic)	18.05	12.35	43.81	20.83	2.87
EPS (Diluted)	18.05	12.35	43.81	20.83	2.87
EPS Growth	46.17%	-71.81%	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	160.03%	132.26%	67.94%	68.60%	63.22%
Profit Margin	141.23%	108.24%	585.91%	575.80%	331.95%
EBITDA	1,780	1,313	443.07	216.61	47.68
EBITDA Margin	160.13%	132.30%	68.12%	68.84%	63.38%
D&A For Ebitda	1.06	0.39	1.13	0.76	0.13
EBIT	1,779	1,313	441.94	215.85	47.55
EBIT Margin	160.03%	132.26%	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.