IST:DOFRB 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	117.91	120.68	29.19	6.71
Short-Term Investments	3.31	1.88	1.59	1.06
Cash & Short-Term Investments	121.22	122.56	30.78	7.77
Cash Growth	1459.52%	298.17%	296.00%	-
Accounts Receivable	440.93	347.85	99.28	81.66
Other Receivables	5.59	1.34	4.11	3.67
Receivables	446.52	349.19	103.4	85.34
Inventory	188.59	183.25	122.95	18.52
Prepaid Expenses	267.63	259.17	144.89	9.49
Other Current Assets	0.24	0.24	1.3	0.2
Total Current Assets	1,024	914.41	403.31	121.31
Property, Plant & Equipment	527.57	474.46	386.04	268.04
Other Intangible Assets	9.55	9.2	0.5	1
Long-Term Deferred Charges	113.24	77.11	33.18	21.6
Other Long-Term Assets	-	-	-	4.99
Total Assets	1,675	1,475	823.02	416.95
Accounts Payable	37.68	82.76	14.72	27.49
Accrued Expenses	60.51	55.76	7.54	6.33
Short-Term Debt	202.64	10.55	-	-
Current Portion of Long-Term Debt	305.16	264.42	15.08	9.88
Current Portion of Leases	14.36	13.12	24.15	15.56
Current Unearned Revenue	71.78	161.16	148.43	26.85
Other Current Liabilities	18.81	4.84	15.67	0.57
Total Current Liabilities	710.93	592.62	225.6	86.67
Long-Term Debt	111.35	84.82	87.87	33.18
Long-Term Leases	445.17	454.74	334.22	218.55
Pension & Post-Retirement Benefits	2.22	3.57	2.78	0.16
Total Liabilities	1,270	1,136	650.47	338.56
Common Stock	125	125	27	27
Retained Earnings	214.95	201.05	152.68	24.39
Comprehensive Income & Other	49.77	2.91	-7.52	27
Total Common Equity	389.72	328.97	172.17	78.39
Minority Interest	15.15	10.46	0.38	-
Shareholders' Equity	404.88	339.43	172.55	78.39
Total Liabilities & Equity	1,675	1,475	823.02	416.95
Total Debt	1,079	827.65	461.33	277.17
Net Cash (Debt)	-957.46	-705.1	-430.55	-269.39
Net Cash Per Share	-7.66	-5.64	-3.44	-2.16
Filing Date Shares Outstanding	125	125	125	125
Total Common Shares Outstanding	125	125	125	125
Working Capital	313.26	321.79	177.71	34.65
Book Value Per Share	3.12	2.63	1.38	0.63
Tangible Book Value	380.17	319.77	171.67	77.39
Tangible Book Value Per Share	3.04	2.56	1.37	0.62
Buildings	-	-	-	23.11
Machinery	58.76	49.7	26.31	12.28
Construction In Progress	8.82	7.83	6.26	3.97

Source: S&P Global Market Intelligence. Standard template. Financial Sources.