IST:AYES 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	154.24	468.04	104.9	23.57	29.91
Short-Term Investments	-	-16.92	2.03	25.43	-
Trading Asset Securities	931.16	146.27	319.41	85.64	-
Cash & Short-Term Investments	1,085	597.39	426.34	134.64	29.91
Cash Growth	81.69%	40.12%	216.64%	350.21%	17.76%
Accounts Receivable	1,260	502.16	204.17	127.34	58.04
Other Receivables	232.99	175.39	139.92	65.54	1.98
Receivables	1,493	677.55	344.1	192.88	60.02
Inventory	427.92	280.47	615.36	436.51	177.26
Prepaid Expenses	149.13	20.32	2.15	3.66	0.25
Other Current Assets	394.03	455.56	686.03	59.63	14.16
Total Current Assets	3,549	2,031	2,074	827.32	281.6
Property, Plant & Equipment	2,081	1,891	427.09	269.27	36.88
Long-Term Investments	0.5	0.5	-	-	-
Other Intangible Assets	1.99	1.99	0.98	0.59	0.22
Long-Term Deferred Tax Assets	-	-	-	-	1.93
Other Long-Term Assets	126.02	86.33	87.59	39.53	2.44
Total Assets	5,759	4,011	2,590	1,137	323.07
Accounts Payable	567.57	377.97	32.29	79.64	4.78
Accrued Expenses	22.56	18.41	109.26	55.57	3.59
Short-Term Debt	814.03	673.88	1,236	288.15	116.73
Current Portion of Long-Term Debt	772.5	222.72	1.53	4.98	42.06
Current Income Taxes Payable	215.52	68.76	-	1.03	3.18
Current Unearned Revenue	207.02	242.72	459.5	261.28	56.5
Other Current Liabilities	15.89	4.03	5.19	5.05	2.56
Total Current Liabilities	2,615	1,608	1,844	695.7	229.4
Long-Term Debt	13.56	131.87	0.54	1.59	3.65
Pension & Post-Retirement Benefits	5.31	8.53	4.99	5.33	1.69
Long-Term Deferred Tax Liabilities	86.06	242.84	2.25	3.95	0.74
Total Liabilities	2,720	1,992	1,852	706.57	235.47
Common Stock	150	150	30.06	30.06	15.03
Retained Earnings	1,376	358.25	408.34	201.73	72.76
Comprehensive Income & Other	1,514	1,511	299.62	198.36	-0.19
Total Common Equity	3,040	2,020	738.02	430.14	87.6
Minority Interest	-0.98	-	-	-	-
Shareholders' Equity	3,039	2,020	738.02	430.14	87.6
Total Liabilities & Equity	5,759	4,011	2,590	1,137	323.07
Total Debt	1,600	1,028	1,238	294.71	162.45
Net Cash (Debt)	-514.68	-431.07	-811.79	-160.07	-132.54
Net Cash Per Share	-3.43	-2.87	-5.41	-1.07	-0.88
Filing Date Shares Outstanding	150	150	150	150	150
Total Common Shares Outstanding	150	150	150	150	150
Working Capital	934.2	422.81	230.14	131.62	52.21
Book Value Per Share	20.27	13.46	4.92	2.87	0.58
Tangible Book Value	3,038	2,018	737.04	429.55	87.38
Tangible Book Value Per Share	20.25	13.45	4.91	2.86	0.58
Land	718.42	718.42	44.4	30.75	9.33
Buildings	1,264	1,263	228.12	157.57	10.37
Machinery	94.92	71.67	448.72	253.67	36.91
Construction In Progress	205.69	19.05	7.58	16.94	0.87

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.