IST:CRDFA 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	100.16	40.78	14.27	22.13	52.88
Cash & Short-Term Investments	100.16	40.78	14.27	22.13	52.88
Cash Growth	145.62%	185.68%	-35.51%	-58.15%	1290.25%
Accounts Receivable	2,082	1,196	752.54	519.1	422.09
Other Receivables	17.01	11.23	6.5	6.87	2.02
Receivables	2,099	1,207	759.05	525.97	424.11
Prepaid Expenses	3.14	2.18	1.96	0.88	3.41
Other Current Assets	7.52	5.81	5.79	5.63	6.29
Total Current Assets	2,209	1,256	781.07	554.61	486.7
Property, Plant & Equipment	28.36	13.12	15.24	1.81	2.34
Long-Term Investments	969.82	167.5	150.29	145.81	95.09
Other Intangible Assets	0.5	0.63	0.59	0.7	0.03
Long-Term Deferred Tax Assets	5.43	5.48	2.41	1.46	0.51
Long-Term Deferred Charges	0.28	0.49	0.64	0.41	0.22
Other Long-Term Assets	3.53	9.76	5.63	4.4	1.31
Total Assets	3,217	1,453	955.86	709.2	586.21
Accounts Payable	-	-	-	-	0.04
Accrued Expenses	8.46	5.54	3.28	1.54	0.87
Short-Term Debt	1,663	872.45	546.06	434.83	348.56
Current Income Taxes Payable	34.8	19.62	15.28	6.24	5.04
Current Unearned Revenue	27.44	1.89	0.52	0.09	0.28
Other Current Liabilities	3.67	23.49	0.41	-	-
Total Current Liabilities	1,737	923	565.54	442.71	354.79
Long-Term Leases	5.92	9.96	6.53	1.72	2.33
Pension & Post-Retirement Benefits	13.85	11.54	7.25	4.07	1.69
Other Long-Term Liabilities	-	0.34	0.34	0.41	0.41
Total Liabilities	1,757	944.84	579.66	448.9	359.22
Common Stock	100	100	100	100	80
Retained Earnings	1,215	298.76	179.38	113.28	103.12
Comprehensive Income & Other	145.27	109.42	96.82	47.03	43.87
Shareholders' Equity	1,460	508.18	376.2	260.3	226.99
Total Liabilities & Equity	3,217	1,453	955.86	709.2	586.21
Total Debt	1,669	882.41	552.58	436.55	350.89
Net Cash (Debt)	-1,569	-841.63	-538.31	-414.42	-298.01
Net Cash Per Share	-15.69	-8.42	-5.38	-4.78	-2.98
Filing Date Shares Outstanding	100	100	100	110.2	100
Total Common Shares Outstanding	100	100	100	110.2	100
Working Capital	472.14	333.03	215.52	111.91	131.91
Book Value Per Share	14.60	5.08	3.76	2.36	2.27
Tangible Book Value	1,460	507.55	375.61	259.6	226.96
Tangible Book Value Per Share	14.60	5.08	3.76	2.36	2.27
Buildings	-	-	-	-	0
Machinery	37.62	13.16	1.74	2.53	1.8
Leasehold Improvements	-	-	-	0.31	0.31

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