IST:ARDYZ Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Assets

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
Cash & Equivalents	372.24	182.93	63.95	21.42	40.61	64.02
Short-Term Investments	-	0.13	36.68	103.55	-	-
Trading Asset Securities	0.01	-	-	-	67.85	-
Cash & Short-Term Investments	372.26	183.07	100.63	124.97	108.46	64.02
Cash Growth	319.27%	81.93%	-19.48%	15.22%	69.41%	134.67%
Accounts Receivable	3,467	2,881	1,239	1,313	761.36	116.09
Other Receivables	11.82	14.88	10.52	1.12	2.23	-
Receivables	3,479	2,896	1,249	1,314	763.59	116.09
Inventory	692.1	111.55	17.75	13.98	20.17	4.4
Prepaid Expenses	3.35	5.78	6.63	3.09	0.42	0.1
Other Current Assets	528.84	78.83	11.71	17.29	37.74	2.52
Total Current Assets	5,075	3,276	1,386	1,474	930.37	187.14
Property, Plant & Equipment	19.51	35.15	19.37	18.69	16.95	5.26
Long-Term Investments	65.88	55.96	48.71	9.14	5.31	-
Goodwill	153.57	130.41	130.41	55.61	18.6	6.9
Other Intangible Assets	6,100	5,014	3,724	1,681	837.33	161.96
Long-Term Accounts Receivable	-	-	-	129	-	-
Other Long-Term Assets	4.28	4.27	5.51	0.1	0.04	0.03
Total Assets	11,419	8,515	5,313	3,367	1,809	361.28

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
Accounts Payable	1,214	884.91	62.51	85.12	310.54	26.05
Accrued Expenses	55.7	237.01	160.81	19.62	7.41	2
Short-Term Debt	1,570	1,504	268.97	1.06	0.02	-
Current Portion of Long-Term Debt	315.19	113.82	462.49	385.25	96.15	5.52
Current Income Taxes Payable	41.34	-	0.07	0.2	0.06	0.1
Current Unearned Revenue	336	251.82	126.48	37.8	-	-
Other Current Liabilities	499.12	159.26	97.18	49.61	1.2	0.15
Total Current Liabilities	4,032	3,151	1,179	578.66	415.39	33.82
Long-Term Debt	4.77	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	18.96	16.06	36.59	4.42	2.63	0.29
Long-Term Deferred Tax Liabilities	452.49	234.25	144.47	126.88	84.93	1
Other Long-Term Liabilities	0.1	0.04	10.98	14.64	-	-
Total Liabilities	4,514	3,412	1,506	830.87	514.81	36.54

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
Common Stock	322.27	322.27	170	170	170	170
Retained Earnings	5,599	3,973	2,764	1,738	778.15	154.76
Treasury Stock	-13.82	-11.73	-3.73	-2.85	-	-
Comprehensive Income & Other	959.48	765.49	793.63	573.78	345.65	-0.02
Total Common Equity	6,867	5,049	3,724	2,479	1,294	324.74
Minority Interest	36.98	53.66	83.82	56.54	-	-
Shareholders' Equity	6,904	5,103	3,807	2,536	1,294	324.74
Total Liabilities & Equity	11,419	8,515	5,313	3,367	1,809	361.28

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
Total Debt	1,890	1,622	858.45	489.22	108.04	6.96
Net Cash (Debt)	-1,518	-1,439	-757.82	-364.25	0.42	57.07
Net Cash Growth	-	-	-	-	-99.26%	217.33%
Net Cash Per Share	-3.81	-4.47	-4.46	-2.14	0.00	1.56
Filing Date Shares Outstanding	322.27	779.1	170	170	170	170
Total Common Shares Outstanding	322.27	779.1	170	170	170	170
Working Capital	1,044	125	207.24	894.87	514.98	153.32
Book Value Per Share	21.31	6.48	21.90	14.58	7.61	1.91
Tangible Book Value	613.68	-94.66	-130.48	743.04	437.87	155.88
Tangible Book Value Per Share	1.90	-0.12	-0.77	4.37	2.58	0.92
Buildings	-	15.75	-	-	-	-
Machinery	150.81	128	119.29	89.49	46.68	10.27
Leasehold Improvements	3.27	2.77	2.4	1.86	1.15	0.2