IST:ARDYZ 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	Mar '26 Mar 31, 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
Cash & Equivalents	90.5	182.93	63.95	21.42	40.61	64.02
Short-Term Investments	-	0.13	36.68	103.55	-	-
Trading Asset Securities	0.13	-	-	-	67.85	-
Cash & Short-Term Investments	90.63	183.07	100.63	124.97	108.46	64.02
Cash Growth	-55.11%	81.93%	-19.48%	15.22%	69.41%	134.67%
Accounts Receivable	1,682	2,881	1,239	1,313	761.36	116.09
Other Receivables	24.05	14.88	10.52	1.12	2.23	-
Receivables	1,707	2,896	1,249	1,314	763.59	116.09
Inventory	420.36	111.55	17.75	13.98	20.17	4.4
Prepaid Expenses	644.06	5.78	6.63	3.09	0.42	0.1
Other Current Assets	36.12	78.83	11.71	17.29	37.74	2.52
Total Current Assets	2,898	3,276	1,386	1,474	930.37	187.14
Property, Plant & Equipment	37.2	35.15	19.37	18.69	16.95	5.26
Long-Term Investments	61.56	55.96	48.71	9.14	5.31	-
Goodwill	-	130.41	130.41	55.61	18.6	6.9
Other Intangible Assets	5,686	5,014	3,724	1,681	837.33	161.96
Long-Term Accounts Receivable	-	-	-	129	-	-
Other Long-Term Assets	4.24	4.27	5.51	0.1	0.04	0.03
Total Assets	8,687	8,515	5,313	3,367	1,809	361.28
Accounts Payable	569.02	884.91	62.51	85.12	310.54	26.05
Accrued Expenses	56.19	237.01	160.81	19.62	7.41	2
Short-Term Debt	1,065	1,504	268.97	1.06	0.02	-
Current Portion of Long-Term Debt	372.86	113.82	462.49	385.25	96.15	5.52
Current Income Taxes Payable	0	-	0.07	0.2	0.06	0.1
Current Unearned Revenue	202.64	251.82	126.48	37.8	-	-
Other Current Liabilities	224.89	159.26	97.18	49.61	1.2	0.15
Total Current Liabilities	2,491	3,151	1,179	578.66	415.39	33.82
Long-Term Debt	6.77	4.55	126.98	102.91	11.86	1.43
Long-Term Unearned Revenue	6.47	6.47	8.47	3.36	-	-
Pension & Post-Retirement Benefits	16.36	16.06	36.59	4.42	2.63	0.29
Long-Term Deferred Tax Liabilities	242.48	234.25	144.47	126.88	84.93	1
Other Long-Term Liabilities	0.08	0.04	10.98	14.64	-	-
Total Liabilities	2,763	3,412	1,506	830.87	514.81	36.54
Common Stock	322.27	322.27	170	170	170	170
Retained Earnings	4,694	3,973	2,764	1,738	778.15	154.76
Treasury Stock	-12.91	-11.73	-3.73	-2.85	-	-
Comprehensive Income & Other	875.44	765.49	793.63	573.78	345.65	-0.02
Total Common Equity	5,879	5,049	3,724	2,479	1,294	324.74
Minority Interest	44.68	53.66	83.82	56.54	-	-
Shareholders' Equity	5,924	5,103	3,807	2,536	1,294	324.74
Total Liabilities & Equity	8,687	8,515	5,313	3,367	1,809	361.28
Total Debt	1,445	1,622	858.45	489.22	108.04	6.96
Net Cash (Debt)	-1,354	-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	406.86	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	193	-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.