IST:BEYAZ 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	1,272	944.81	721.86	362.06	59.97
Short-Term Investments	1.62	24.33	-	-	-
Cash & Short-Term Investments	1,274	969.14	721.86	362.06	59.97
Cash Growth	31.46%	34.26%	99.38%	503.69%	-8.72%
Accounts Receivable	1,335	769.61	796.93	1,037	111.18
Other Receivables	5	5.92	1.31	0.86	4.17
Receivables	1,340	775.52	798.24	1,037	115.35
Inventory	1,201	761.89	942.02	759.38	171.31
Prepaid Expenses	6.76	20.21	3.9	2.01	0.75
Other Current Assets	7.81	5.48	49.61	20.91	13
Total Current Assets	3,829	2,532	2,516	2,182	360.39
Property, Plant & Equipment	990.36	691.31	306.32	203.27	58.87
Long-Term Investments	50.83	6.83	0.01	0.01	0
Goodwill	98.14	98.14	74.98	52.17	15.24
Other Intangible Assets	0.63	0.54	0.25	0.74	0.41
Other Long-Term Assets	32.02	0.23	0.22	7.56	1.46
Total Assets	5,001	3,329	2,897	2,446	436.37
Accounts Payable	2,029	696.91	792.37	982.51	189.81
Accrued Expenses	425.49	588.2	594.62	309.73	7.18
Short-Term Debt	475	41.45	286.46	323.9	13
Current Portion of Long-Term Debt	4.97	18.85	31.36	26.57	4.48
Current Portion of Leases	1.78	0.94	0.65	0.01	-
Current Income Taxes Payable	-	37.36	78.98	24.63	12.53
Current Unearned Revenue	598.31	660.63	41.49	127.45	3.79
Other Current Liabilities	7.22	6.89	6.83	2.89	1.41
Total Current Liabilities	3,541	2,051	1,833	1,798	232.19
Long-Term Debt	-	6.44	13.7	1.62	1.41
Long-Term Leases	0.89	0.33	1.29	0.75	-
Pension & Post-Retirement Benefits	20.79	20.85	10.59	7.19	-
Long-Term Deferred Tax Liabilities	103.86	39.32	55.54	16.27	2.44
Other Long-Term Liabilities	-	-	-	-	1.95
Total Liabilities	3,667	2,118	1,914	1,824	237.99
Common Stock	99.69	99.69	99.69	99.69	99.69
Retained Earnings	549.92	430.1	-157.88	-171.47	86.46
Comprehensive Income & Other	684.61	681.32	1,042	693.85	12.24
Shareholders' Equity	1,334	1,211	983.54	622.06	198.38
Total Liabilities & Equity	5,001	3,329	2,897	2,446	436.37
Total Debt	482.64	68.02	333.45	352.84	18.88
Net Cash (Debt)	791.42	901.12	388.41	9.21	41.09
Net Cash Growth	-12.17%	132.01%	4117.05%	-77.59%	380.72%
Net Cash Per Share	7.94	9.04	3.90	0.09	0.41
Filing Date Shares Outstanding	99.69	99.69	99.69	99.69	99.69
Total Common Shares Outstanding	99.69	99.69	99.69	99.69	99.69
Working Capital	287.77	481.01	682.87	384.14	128.2
Book Value Per Share	13.38	12.15	9.87	6.24	1.99
Tangible Book Value	1,235	1,112	908.31	569.16	182.73
Tangible Book Value Per Share	12.39	11.16	9.11	5.71	1.83
Land	255.3	127.84	12.87	8.91	3.11
Buildings	275.84	275.73	207.81	143.88	43.85
Machinery	363.8	125.93	86.17	47.4	12.01
Construction In Progress	112.57	-	-	-	-
Leasehold Improvements	35.27	35.27	26.33	17.53	2.39

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