Ray Sigorta Anonim Sirketi (IST:RAYSG)

IST:RAYSG Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	20,175	10,374	3,820	1,487	800.38	605.59
Total Interest & Dividend Income	5,869	2,278	632.62	176.98	128.34	64.33
Gain (Loss) on Sale of Investments	364.36	357.97	236.36	1.46	-0.32	1.78
Other Revenue	-207.32	-197.78	36.93	-11.94	-14.44	-26.25
Total Revenue	26,201	12,812	4,726	1,653	913.95	645.45
Revenue Growth (YoY)	176.13%	171.09%	185.87%	80.89%	41.60%	15.66%
Policy Benefits	15,838	7,544	2,775	1,035	641.24	407.85
Depreciation & Amortization	105.03	81.23	50.5	19.87	11.49	9.9
Selling, General & Administrative	4,692	2,112	1,104	391.6	234.1	165.04
Other Operating Expenses	632.56	313.31	189.15	74.06	47.76	10.94
Total Operating Expenses	21,268	10,050	4,119	1,520	934.59	593.73
Operating Income	4,933	2,762	607.48	133.04	-20.64	51.72
Currency Exchange Gain (Loss)	426.24	139.35	419.73	83.2	109.49	21.88
Other Non Operating Income (Expenses)	-395.09	9.37	10.35	3	1.73	1.29
EBT Excluding Unusual Items	4,964	2,911	1,038	219.24	90.59	74.89
Legal Settlements	-0.27	-1.73	-1.48	-0.26	-0.13	-0.26
Other Unusual Items	1.34	7.47	1.08	-	-	-
Pretax Income	4,965	2,916	1,037	218.98	90.46	74.63
Income Tax Expense	1,169	704.33	135.22	39.26	22.14	15.71
Net Income	3,796	2,212	901.94	179.72	68.32	58.92
Net Income to Common	3,796	2,212	901.94	179.72	68.32	58.92
Net Income Growth	122.37%	145.25%	401.86%	163.07%	15.94%	17.65%
Shares Outstanding (Basic)	-	163	163	163	163	163
Shares Outstanding (Diluted)	-	163	163	163	163	163
EPS (Basic)	-	13.56	5.53	1.10	0.42	0.36
EPS (Diluted)	-	13.56	5.53	1.10	0.42	0.36
EPS Growth	-	145.25%	401.86%	163.07%	15.94%	17.65%
Free Cash Flow	7,058	7,389	-482.54	1,093	-65.82	112.75
Free Cash Flow Per Share	-	45.31	-2.96	6.70	-0.40	0.69
Operating Margin	18.83%	21.56%	12.85%	8.05%	-2.26%	8.01%
Profit Margin	14.49%	17.27%	19.08%	10.87%	7.47%	9.13%
Free Cash Flow Margin	26.94%	57.67%	-10.21%	66.10%	-7.20%	17.47%
EBITDA	5,003	2,840	637.74	149.98	-10.33	59.26
EBITDA Margin	19.10%	22.16%	13.49%	9.07%	-1.13%	9.18%
D&A For EBITDA	69.87	77.72	30.26	16.94	10.31	7.54
EBIT	4,933	2,762	607.48	133.04	-20.64	51.72
EBIT Margin	18.83%	21.56%	12.85%	8.05%	-2.26%	8.01%
Effective Tax Rate	23.55%	24.15%	13.04%	17.93%	24.48%	21.05%

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