IST:BULGS Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	457.61	58.4	46.83	61.57	17.33
Short-Term Investments	-	0.03	-	-	-
Trading Asset Securities	340	-	0.07	11.78	11.44
Cash & Short-Term Investments	797.61	58.43	46.9	73.35	28.77
Cash Growth	1027.73%	24.59%	-36.06%	154.94%	-
Other Receivables	2.82	0.59	0.09	0.14	-
Receivables	2.82	0.59	0.09	0.14	-
Prepaid Expenses	3.96	0.02	-	0	0.53
Other Current Assets	0.05	2.23	0.82	0.09	0.33
Total Current Assets	804.44	61.27	47.8	73.59	29.63
Property, Plant & Equipment	15.32	18.9	15.07	4.88	6.87
Long-Term Investments	3,769	3,659	2,284	117.41	107.5
Other Intangible Assets	0.12	0.11	0.03	0.02	0.01
Other Long-Term Assets	0.01	0.04	0.05	0	0.01
Total Assets	4,589	3,739	2,347	195.91	144.02
Accounts Payable	0.03	0.04	0.41	0.04	0.03
Accrued Expenses	0.32	0.26	0.36	0.11	0.09
Short-Term Debt	0.05	0.07	0.08	0.02	-
Current Portion of Leases	4.74	8.06	5.16	1.28	2.35
Current Income Taxes Payable	-	-	0.03	0.01	0
Other Current Liabilities	0.96	0.55	-	-	0.23
Total Current Liabilities	6.1	8.99	6.04	1.46	2.7
Long-Term Leases	5.44	12.01	6.95	2.67	4.97
Total Liabilities	11.84	21.18	13.3	4.22	7.7
Common Stock	268	200	40	30	30
Additional Paid-In Capital	825.62	60.05	314.05	57.04	-
Retained Earnings	3,220	3,237	1,853	34.54	36.25
Comprehensive Income & Other	263.28	220.86	126.75	70.1	70.08
Shareholders' Equity	4,577	3,718	2,334	191.69	136.33
Total Liabilities & Equity	4,589	3,739	2,347	195.91	144.02
Total Debt	10.23	20.14	12.19	3.98	7.32
Net Cash (Debt)	787.38	38.29	34.71	69.37	21.45
Net Cash Growth	1297.60%	10.31%	-49.96%	223.44%	-
Net Cash Per Share	3.63	0.19	0.87	2.31	0.71
Filing Date Shares Outstanding	268	268	200	30	30
Total Common Shares Outstanding	268	200	40	30	30
Working Capital	798.34	52.28	41.77	72.13	26.93
Book Value Per Share	17.08	18.59	58.34	6.39	4.54
Tangible Book Value	4,577	3,718	2,334	191.67	136.32
Tangible Book Value Per Share	17.08	18.59	58.34	6.39	4.54
Machinery	4.58	4.06	1.6	0.68	0.39
Leasehold Improvements	2.42	2.19	0.05	0.04	0.04

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.