IST:AGESA Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Investments in Equity & Preferred Securities	-	-	-	-	0.88	0.9
Policy Loans	838.86	790.13	679.16	569.56	376.79	297.74
Other Investments	5,844	3,395	2,116	786.28	757.34	195.49
Total Investments	10,489	9,877	5,253	2,252	1,994	878.01
Cash & Equivalents	14,588	8,948	5,752	2,115	1,079	844.56
Reinsurance Recoverable	1,840	1,574	867.08	-	-	-
Other Receivables	448,633	401,886	228,391	141,575	75,721	43,538
Separate Account Assets	43,075	36,153	22,950	15,363	7,357	4,258
Property, Plant & Equipment	896.41	912.13	305.02	133.5	98.45	79.85
Other Intangible Assets	2,030	1,724	693.27	420.27	236.64	139.22
Restricted Cash	392	270.06	195.33	80	13.56	201
Other Current Assets	3,727	4,778	3,462	2,930	949.65	214.12
Long-Term Deferred Tax Assets	494.81	343.69	376.79	203.28	115.62	43.04
Other Long-Term Assets	541.16	387.3	540.79	208.62	67.48	40.25
Total Assets	526,706	466,853	268,786	165,281	87,633	50,236
Accounts Payable	116.51	160.82	280.93	182.85	48.07	26.23
Accrued Expenses	2,103	1,582	1,075	603.46	261.12	136.13
Insurance & Annuity Liabilities	498,582	445,858	256,057	159,695	84,983	48,862
Unpaid Claims	917.06	814.69	460.85	156.85	124.67	82.39
Unearned Premiums	9,382	6,115	4,373	1,005	211.51	71.66
Current Portion of Leases	100.52	116.83	64.34	9.92	10.37	6.19
Current Income Taxes Payable	831.5	409.69	315.78	136.29	14.81	37.1
Long-Term Leases	217.78	207.14	160.29	50.83	29.14	26.7
Long-Term Deferred Tax Liabilities	16.64	7.63	-	-	-	-
Other Current Liabilities	1,336	1,176	395.25	234.53	81.97	49.14
Other Long-Term Liabilities	62.7	56.62	31.85	21	14.5	13.13
Total Liabilities	513,990	456,763	263,337	162,181	85,906	49,343
Common Stock	180	180	180	280	180	180
Retained Earnings	12,515	9,777	5,293	2,808	1,558	756.83
Comprehensive Income & Other	21.51	133.9	-24.14	11.63	-11.53	-43.8
Shareholders' Equity	12,717	10,090	5,449	3,100	1,726	893.03
Total Liabilities & Equity	526,706	466,853	268,786	165,281	87,633	50,236
Filing Date Shares Outstanding	179.98	179.98	179.98	179.99	180	180
Total Common Shares Outstanding	179.98	179.98	179.98	179.99	180	180
Total Debt	318.3	323.96	224.63	60.75	39.51	32.89
Net Cash (Debt)	14,269	8,624	5,527	2,055	1,039	811.67
Net Cash Growth	106.36%	56.03%	169.02%	97.72%	28.03%	-0.58%
Net Cash Per Share	79.27	47.91	30.71	11.41	5.77	4.51
Book Value Per Share	70.65	56.06	30.27	17.22	9.59	4.96
Tangible Book Value	10,687	8,367	4,756	2,680	1,490	753.81
Tangible Book Value Per Share	59.38	46.49	26.42	14.89	8.28	4.19
Machinery	428.67	422.57	152.19	115.41	89.22	64.75