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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	117.45	58.4	46.83	61.57	17.33
Trading Asset Securities	780.25	-	0.07	11.78	11.44
Cash & Short-Term Investments	897.7	58.4	46.9	73.35	28.77
Cash Growth	1637.20%	24.53%	-36.06%	154.94%	-
Other Receivables	2.83	0.59	0.09	0.14	-
Receivables	2.83	0.59	0.09	0.14	-
Prepaid Expenses	12.04	0.02	-	0	0.53
Other Current Assets	0.2	2.26	0.82	0.09	0.33
Total Current Assets	912.76	61.27	47.8	73.59	29.63
Property, Plant & Equipment	14.06	18.9	15.07	4.88	6.87
Long-Term Investments	4,572	3,659	2,284	117.41	107.5
Other Intangible Assets	4.61	0.11	0.03	0.02	0.01
Other Long-Term Assets	-	0.04	0.05	0	0.01
Total Assets	5,504	3,739	2,347	195.91	144.02
Accounts Payable	0.11	0.04	0.41	0.04	0.03
Accrued Expenses	0.25	0.26	0.36	0.11	0.09
Short-Term Debt	0.05	0.07	0.08	0.02	-
Current Portion of Leases	5.79	8.06	5.16	1.28	2.35
Current Income Taxes Payable	-	-	0.03	0.01	0
Other Current Liabilities	0.36	0.55	-	-	0.23
Total Current Liabilities	6.57	8.99	6.04	1.46	2.7
Long-Term Leases	3.48	12.01	6.95	2.67	4.97
Total Liabilities	10.45	21.18	13.3	4.22	7.7
Common Stock	268	200	40	30	30
Additional Paid-In Capital	873.66	60.05	314.05	57.04	-
Retained Earnings	4,057	3,237	1,853	34.54	36.25
Comprehensive Income & Other	295.13	220.86	126.75	70.1	70.08
Shareholders' Equity	5,493	3,718	2,334	191.69	136.33
Total Liabilities & Equity	5,504	3,739	2,347	195.91	144.02
Total Debt	9.32	20.14	12.19	3.98	7.32
Net Cash (Debt)	888.38	38.26	34.71	69.37	21.45
Net Cash Growth	2326.12%	10.24%	-49.96%	223.44%	-
Net Cash Per Share	3.80	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	906.2	52.28	41.77	72.13	26.93
Book Value Per Share	20.50	18.59	58.34	6.39	4.54
Tangible Book Value	5,489	3,718	2,334	191.67	136.32
Tangible Book Value Per Share	20.48	18.59	58.34	6.39	4.54
Machinery	4.99	4.06	1.6	0.68	0.39
Leasehold Improvements	2.56	2.19	0.05	0.04	0.04

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.