IST:BEYAZ 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	680.1	1,272	944.81	721.86	362.06	59.97
Short-Term Investments	-	1.62	24.33	-	-	-
Cash & Short-Term Investments	680.1	1,274	969.14	721.86	362.06	59.97
Cash Growth	160.63%	31.46%	34.26%	99.38%	503.69%	-8.72%
Accounts Receivable	1,203	1,335	769.61	796.93	1,037	111.18
Other Receivables	22.59	5	5.92	1.31	0.86	4.17
Receivables	1,225	1,340	775.52	798.24	1,037	115.35
Inventory	1,261	1,201	761.89	942.02	759.38	171.31
Prepaid Expenses	6.94	6.76	20.21	3.9	2.01	0.75
Other Current Assets	911.34	7.81	5.48	49.61	20.91	13
Total Current Assets	4,084	3,829	2,532	2,516	2,182	360.39
Property, Plant & Equipment	1,100	990.36	691.31	306.32	203.27	58.87
Long-Term Investments	55.94	50.83	6.83	0.01	0.01	0
Goodwill	108	98.14	98.14	74.98	52.17	15.24
Other Intangible Assets	0.63	0.63	0.54	0.25	0.74	0.41
Other Long-Term Assets	61.75	32.02	0.23	0.22	7.56	1.46
Total Assets	5,411	5,001	3,329	2,897	2,446	436.37
Accounts Payable	2,781	2,029	696.91	792.37	982.51	189.81
Accrued Expenses	221.07	425.49	588.2	594.62	309.73	7.18
Short-Term Debt	335	475	41.45	286.46	323.9	13
Current Portion of Long-Term Debt	3.3	4.97	18.85	31.36	26.57	4.48
Current Portion of Leases	1.68	1.78	0.94	0.65	0.01	-
Current Income Taxes Payable	0.75	-	37.36	78.98	24.63	12.53
Current Unearned Revenue	593.98	598.31	660.63	41.49	127.45	3.79
Other Current Liabilities	13.35	7.22	6.89	6.83	2.89	1.41
Total Current Liabilities	3,950	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	0.89	0.33	1.29	0.75	-
Pension & Post-Retirement Benefits	22.46	20.79	20.85	10.59	7.19	-
Long-Term Deferred Tax Liabilities	131.53	103.86	39.32	55.54	16.27	2.44
Other Long-Term Liabilities	-	-	-	-	-	1.95
Total Liabilities	4,105	3,667	2,118	1,914	1,824	237.99
Common Stock	99.69	99.69	99.69	99.69	99.69	99.69
Retained Earnings	442.16	549.92	430.1	-157.88	-171.47	86.46
Comprehensive Income & Other	764.31	684.61	681.32	1,042	693.85	12.24
Shareholders' Equity	1,306	1,334	1,211	983.54	622.06	198.38
Total Liabilities & Equity	5,411	5,001	3,329	2,897	2,446	436.37
Total Debt	340.86	482.64	68.02	333.45	352.84	18.88
Net Cash (Debt)	339.24	791.42	901.12	388.41	9.21	41.09
Net Cash Growth	1152.26%	-12.17%	132.01%	4117.05%	-77.59%	380.72%
Net Cash Per Share	3.40	7.94	9.04	3.90	0.09	0.41
Filing Date Shares Outstanding	99.69	99.69	99.69	99.69	99.69	99.69
Total Common Shares Outstanding	99.69	99.69	99.69	99.69	99.69	99.69
Working Capital	134.64	287.77	481.01	682.87	384.14	128.2
Book Value Per Share	13.10	13.38	12.15	9.87	6.24	1.99
Tangible Book Value	1,198	1,235	1,112	908.31	569.16	182.73
Tangible Book Value Per Share	12.01	12.39	11.16	9.11	5.71	1.83
Land	179.73	255.3	127.84	12.87	8.91	3.11
Buildings	446.37	275.84	275.73	207.81	143.88	43.85
Machinery	384.66	363.8	125.93	86.17	47.4	12.01
Construction In Progress	151.55	112.57	-	-	-	-
Leasehold Improvements	39.06	35.27	35.27	26.33	17.53	2.39