IST:BURCE 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	60.33	88.75	189.11	78.77	4.5
Trading Asset Securities	0.01	0.01	0.02	-	-
Cash & Short-Term Investments	60.34	88.76	189.13	78.77	4.5
Cash Growth	-32.02%	-53.07%	140.12%	1648.67%	-57.12%
Accounts Receivable	121.57	121.33	111.83	57.52	28.04
Other Receivables	0.65	32.62	15.68	3.1	0.74
Receivables	122.22	153.95	127.52	60.62	28.78
Inventory	234.09	268.46	170.36	125.34	24.86
Prepaid Expenses	22.25	13.92	5.8	2.07	1.52
Other Current Assets	36.81	12.53	113.4	25.08	3.93
Total Current Assets	475.71	537.63	606.22	291.88	63.59
Property, Plant & Equipment	1,275	1,281	979.27	660.26	101.89
Long-Term Investments	2.65	1.51	0.67	0.31	0.11
Other Intangible Assets	112.56	77.63	49.13	27.22	6.5
Long-Term Deferred Charges	15.72	21.06	7.73	5.06	0.55
Other Long-Term Assets	0.55	0.29	0.26	1.69	0.04
Total Assets	1,882	1,919	1,643	986.42	172.69
Accounts Payable	117.39	148.96	110.15	68.99	22.95
Accrued Expenses	50.92	79.07	26.09	22.75	3.96
Short-Term Debt	120.11	0.11	0.21	32.61	19.07
Current Portion of Long-Term Debt	35.96	10.19	15.2	33.3	14.34
Current Portion of Leases	1.64	3.19	6.71	0.97	0.29
Current Income Taxes Payable	-	-	-	-	0.23
Current Unearned Revenue	130.5	65.76	321.55	49.22	6.32
Other Current Liabilities	16.43	40.65	4.14	5.03	0.25
Total Current Liabilities	472.95	347.93	484.04	212.86	67.42
Long-Term Debt	31.09	8.82	21.91	18.93	7.95
Long-Term Leases	-	-	2.03	0.56	0.66
Long-Term Unearned Revenue	-	-	-	0.27	0.07
Pension & Post-Retirement Benefits	30.94	27.61	23.82	54.76	15.63
Long-Term Deferred Tax Liabilities	193.25	226.88	155.07	73.61	3.89
Total Liabilities	728.24	611.24	686.87	360.99	95.63
Common Stock	84.24	84.24	8.42	8.42	8.42
Additional Paid-In Capital	-	-	4.67	3.23	0.21
Retained Earnings	675.06	801.71	544.48	324.01	-10.99
Comprehensive Income & Other	344.45	345.13	359.94	263.95	75.41
Total Common Equity	1,104	1,231	917.52	599.62	73.04
Minority Interest	50.36	76.81	38.89	25.81	4.02
Shareholders' Equity	1,154	1,308	956.4	625.43	77.06
Total Liabilities & Equity	1,882	1,919	1,643	986.42	172.69
Total Debt	188.8	22.31	46.06	86.37	42.31
Net Cash (Debt)	-128.47	66.45	143.07	-7.61	-37.81
Net Cash Growth	-	-53.55%	-	-	-
Net Cash Per Share	-1.53	0.79	1.70	-0.09	-0.45
Filing Date Shares Outstanding	84.24	84.24	84.24	84.24	84.24
Total Common Shares Outstanding	84.24	84.24	84.24	84.24	84.24
Working Capital	2.75	189.7	122.18	79.03	-3.82
Book Value Per Share	13.10	14.61	10.89	7.12	0.87
Tangible Book Value	991.19	1,153	868.39	572.39	66.55
Tangible Book Value Per Share	11.77	13.69	10.31	6.79	0.79
Land	790.19	790.19	603.7	418.13	64.35
Buildings	191.42	191.42	145.6	100.58	14.54
Machinery	464.4	433.34	306.51	200.6	29.84
Construction In Progress	1.82	5.46	31.07	0.86	0.19
Leasehold Improvements	-	-	1.82	1.23	0.11

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