IST:ARTMS 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
Revenue	804.68	1,133	1,188	604.83	217.26	144.44
Revenue Growth (YoY)	-30.95%	-4.60%	96.41%	178.39%	50.42%	-
Cost of Revenue	513.95	692.25	958.79	600.59	159.05	74.08
Gross Profit	290.72	441.06	229.16	4.24	58.21	70.36
Selling, General & Admin	117.26	89.19	75.34	42.67	24.72	20.14
Other Operating Expenses	-7.96	9.43	22.46	-0.1	12.09	0.89
Operating Expenses	109.3	98.62	97.8	42.56	36.82	21.02
Operating Income	181.42	342.44	131.37	-38.32	21.4	49.33
Interest Expense	-30.04	-58.61	-102.65	-75.85	-24.55	-25.37
Interest & Investment Income	61.86	130.33	16.09	9.74	2.18	2.52
Currency Exchange Gain (Loss)	-12.98	1.3	-65.81	-12.13	19	0.58
Other Non Operating Income (Expenses)	-11.89	-91.49	78.98	146.49	-4.49	-2.38
EBT Excluding Unusual Items	188.37	323.97	57.98	29.92	13.54	24.69
Gain (Loss) on Sale of Investments	-0.02	-0.02	-1.64	-41.59	-	-
Legal Settlements	-0.87	-0.16	-1.3	-	-	-
Other Unusual Items	0.06	0.06	-	-	-	-
Pretax Income	187.54	323.85	55.03	-11.66	13.54	24.69
Income Tax Expense	-78.03	97.23	48.64	-16.85	-3.68	1.8
Net Income	265.56	226.62	6.39	5.18	17.22	22.88
Net Income to Common	265.56	226.62	6.39	5.18	17.22	22.88
Net Income Growth	142.01%	3446.96%	23.33%	-69.92%	-24.72%	-
Shares Outstanding (Basic)	67	67	36	40	36	36
Shares Outstanding (Diluted)	67	67	36	40	36	36
Shares Change (YoY)	8.59%	83.97%	-8.67%	9.49%	-	-
EPS (Basic)	3.97	3.39	0.18	0.13	0.47	0.63
EPS (Diluted)	3.97	3.39	0.18	0.13	0.47	0.63
EPS Growth	122.87%	1827.97%	35.03%	-72.53%	-24.72%	-
Free Cash Flow	-64.91	-178.28	6.95	224.17	17.73	40.56
Free Cash Flow Per Share	-0.97	-2.67	0.19	5.63	0.49	1.12
Gross Margin	36.13%	38.92%	19.29%	0.70%	26.80%	48.71%
Operating Margin	22.55%	30.22%	11.06%	-6.34%	9.85%	34.16%
Profit Margin	33.00%	20.00%	0.54%	0.86%	7.93%	15.84%
Free Cash Flow Margin	-8.07%	-15.73%	0.58%	37.06%	8.16%	28.08%
EBITDA	188.85	362.38	169	-9.54	26.87	52.09
EBITDA Margin	23.47%	31.98%	14.23%	-1.58%	12.37%	36.07%
D&A For EBITDA	7.42	19.94	37.64	28.79	5.47	2.76
EBIT	181.42	342.44	131.37	-38.32	21.4	49.33
EBIT Margin	22.55%	30.22%	11.06%	-6.34%	9.85%	34.16%
Effective Tax Rate	-	30.02%	88.39%	-	-	7.31%
Advertising Expenses	-	4.18	4.49	5.67	2.26	1.94

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.