IST:ARDYZ Balance Sheet

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
Cash & Equivalents	182.93	63.95	21.42	40.61	64.02
Short-Term Investments	0.13	36.68	103.55	-	-
Trading Asset Securities	-	-	-	67.85	-
Cash & Short-Term Investments	183.07	100.63	124.97	108.46	64.02
Cash Growth	81.93%	-19.48%	15.22%	69.41%	134.67%
Accounts Receivable	2,881	1,239	1,313	761.36	116.09
Other Receivables	14.88	10.52	1.12	2.23	-
Receivables	2,896	1,249	1,314	763.59	116.09
Inventory	111.55	17.75	13.98	20.17	4.4
Prepaid Expenses	5.78	6.63	3.09	0.42	0.1
Other Current Assets	78.83	11.71	17.29	37.74	2.52
Total Current Assets	3,276	1,386	1,474	930.37	187.14
Property, Plant & Equipment	35.15	19.37	18.69	16.95	5.26
Long-Term Investments	55.96	48.71	9.14	5.31	-
Goodwill	130.41	130.41	55.61	18.6	6.9
Other Intangible Assets	5,014	3,724	1,681	837.33	161.96
Long-Term Accounts Receivable	-	-	129	-	-
Other Long-Term Assets	4.27	5.51	0.1	0.04	0.03
Total Assets	8,515	5,313	3,367	1,809	361.28
Accounts Payable	884.91	62.51	85.12	310.54	26.05
Accrued Expenses	237.01	160.81	19.62	7.41	2
Short-Term Debt	1,504	268.97	1.06	0.02	-
Current Portion of Long-Term Debt	113.82	462.49	385.25	96.15	5.52
Current Income Taxes Payable	-	0.07	0.2	0.06	0.1
Current Unearned Revenue	251.82	126.48	37.8	-	-
Other Current Liabilities	159.26	97.18	49.61	1.2	0.15
Total Current Liabilities	3,151	1,179	578.66	415.39	33.82
Long-Term Debt	4.55	126.98	102.91	11.86	1.43
Long-Term Unearned Revenue	6.47	8.47	3.36	-	-
Pension & Post-Retirement Benefits	16.06	36.59	4.42	2.63	0.29
Long-Term Deferred Tax Liabilities	234.25	144.47	126.88	84.93	1
Other Long-Term Liabilities	0.04	10.98	14.64	-	-
Total Liabilities	3,412	1,506	830.87	514.81	36.54
Common Stock	322.27	170	170	170	170
Retained Earnings	3,973	2,764	1,738	778.15	154.76
Treasury Stock	-11.73	-3.73	-2.85	-	-
Comprehensive Income & Other	765.49	793.63	573.78	345.65	-0.02
Total Common Equity	5,049	3,724	2,479	1,294	324.74
Minority Interest	53.66	83.82	56.54	-	-
Shareholders' Equity	5,103	3,807	2,536	1,294	324.74
Total Liabilities & Equity	8,515	5,313	3,367	1,809	361.28
Total Debt	1,622	858.45	489.22	108.04	6.96
Net Cash (Debt)	-1,439	-757.82	-364.25	0.42	57.07
Net Cash Growth	-	-	-	-99.26%	217.33%
Net Cash Per Share	-4.47	-4.46	-2.14	0.00	1.56
Filing Date Shares Outstanding	779.1	170	170	170	170
Total Common Shares Outstanding	779.1	170	170	170	170
Working Capital	125	207.24	894.87	514.98	153.32
Book Value Per Share	6.48	21.90	14.58	7.61	1.91
Tangible Book Value	-94.66	-130.48	743.04	437.87	155.88
Tangible Book Value Per Share	-0.12	-0.77	4.37	2.58	0.92
Buildings	15.75	-	-	-	-
Machinery	128	119.29	89.49	46.68	10.27
Leasehold Improvements	2.77	2.4	1.86	1.15	0.2

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