IST:DOFRB 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	748.41	120.68	29.19	6.71
Short-Term Investments	7.88	2.36	1.59	1.06
Cash & Short-Term Investments	756.29	123.04	30.78	7.77
Cash Growth	514.67%	299.75%	296.00%	-
Accounts Receivable	564.67	347.85	99.28	81.66
Other Receivables	627.07	234.87	2.63	1.65
Receivables	1,192	582.71	101.91	83.31
Inventory	285.14	183.25	122.95	18.52
Prepaid Expenses	61.26	0.26	144.89	9.49
Other Current Assets	120.28	25.63	2.79	2.22
Total Current Assets	2,415	914.89	403.31	121.31
Property, Plant & Equipment	879.81	474.46	386.04	268.04
Goodwill	23.18	-	-	-
Other Intangible Assets	14.08	9.2	0.5	1
Long-Term Deferred Tax Assets	3.12	-	-	-
Long-Term Deferred Charges	145.35	77.11	33.18	21.6
Other Long-Term Assets	-	-	-	4.99
Total Assets	3,480	1,476	823.02	416.95
Accounts Payable	188.26	82.76	14.72	27.49
Accrued Expenses	38.49	55.76	7.54	6.33
Short-Term Debt	187.58	50.71	8.07	9.88
Current Portion of Long-Term Debt	155.89	224.26	7.01	-
Current Portion of Leases	15.19	13.12	24.15	15.56
Current Income Taxes Payable	0.65	-	-	-
Current Unearned Revenue	242.65	161.16	148.43	26.85
Other Current Liabilities	9.72	4.84	15.67	0.57
Total Current Liabilities	838.42	592.62	225.6	86.67
Long-Term Debt	79.75	84.82	87.87	33.18
Long-Term Leases	473.44	454.74	334.22	218.55
Pension & Post-Retirement Benefits	5.14	3.57	2.78	0.16
Total Liabilities	1,397	1,136	650.47	338.56
Common Stock	155	125	27	27
Additional Paid-In Capital	1,320	-	-	-
Retained Earnings	446	201.05	152.68	24.39
Comprehensive Income & Other	145.35	3.4	-7.52	27
Total Common Equity	2,066	329.45	172.17	78.39
Minority Interest	17.14	10.46	0.38	-
Shareholders' Equity	2,083	339.91	172.55	78.39
Total Liabilities & Equity	3,480	1,476	823.02	416.95
Total Debt	911.86	827.65	461.33	277.17
Net Cash (Debt)	-155.57	-704.61	-430.55	-269.39
Net Cash Per Share	-1.00	-5.64	-3.44	-2.16
Filing Date Shares Outstanding	155	125	125	125
Total Common Shares Outstanding	155	125	125	125
Working Capital	1,576	322.28	177.71	34.65
Book Value Per Share	13.33	2.64	1.38	0.63
Tangible Book Value	2,029	320.25	171.67	77.39
Tangible Book Value Per Share	13.09	2.56	1.37	0.62
Land	45.86	-	-	-
Buildings	-	-	-	23.11
Machinery	309.05	49.7	26.31	12.28
Construction In Progress	36.33	7.83	6.26	3.97
Leasehold Improvements	7.68	0.87	-	-

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