IST:FLAP Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	24.35	27	25.78	47.84	46.02	76.05
Short-Term Investments	-	-	-	23.48	-	-
Trading Asset Securities	-	-	-	24.59	16.69	7.37
Cash & Short-Term Investments	24.35	27	25.78	95.91	62.72	83.42
Cash Growth	41.30%	4.74%	-73.12%	52.92%	-24.81%	3716.81%
Accounts Receivable	17.8	36.85	53.11	66.02	33.32	8.92
Other Receivables	0.15	0	0.13	0.01	0.01	0.09
Receivables	17.95	36.85	53.24	66.03	33.32	9.01
Inventory	155.46	106.97	50.19	1	-	-
Prepaid Expenses	62.2	2.01	4.79	1.7	2.5	0.64
Other Current Assets	7.9	79.89	78.32	45.3	49.7	5.43
Total Current Assets	267.87	252.71	212.32	209.95	148.24	98.49
Property, Plant & Equipment	210.8	109.56	113.44	92.79	60.01	17.56
Long-Term Investments	254.61	259.12	235.64	188.27	119.29	37.75
Long-Term Deferred Tax Assets	68.78	91.1	33.54	88.26	-	2
Other Long-Term Assets	446.51	455.77	476.42	347.63	224.54	33.24
Total Assets	1,249	1,168	1,071	926.9	552.09	189.03
Accounts Payable	27.16	16.04	29.82	23.42	21.88	4.27
Accrued Expenses	5.59	11.1	9.22	7.49	5.85	0.88
Short-Term Debt	0.06	15	-	23.84	12.4	-
Current Portion of Long-Term Debt	-	0.2	2.55	5.34	5.58	3.09
Current Income Taxes Payable	-	1.81	-	1.15	-	1.4
Current Unearned Revenue	135.52	101	6.55	4.83	3.16	0.56
Other Current Liabilities	7.21	4.57	8.98	0.77	1.13	0.47
Total Current Liabilities	175.53	149.72	57.11	66.82	50	10.67
Long-Term Debt	-	-	0.26	3.06	7.74	7.36
Long-Term Unearned Revenue	-	3.52	-	-	-	-
Pension & Post-Retirement Benefits	3.53	7.23	7.48	3.95	4.17	1.42
Long-Term Deferred Tax Liabilities	-	-	-	-	12.78	-
Total Liabilities	179.06	160.46	64.85	73.84	74.68	19.44
Common Stock	727.55	661.16	661.16	802.55	555.87	93.75
Additional Paid-In Capital	144.42	131.24	131.24	100.27	69.45	7.65
Retained Earnings	179.44	201.92	191.63	-75.47	-163.75	54.94
Comprehensive Income & Other	18.09	13.49	22.49	25.71	15.83	13.25
Shareholders' Equity	1,070	1,008	1,007	853.06	477.4	169.59
Total Liabilities & Equity	1,249	1,168	1,071	926.9	552.09	189.03
Total Debt	0.06	15.2	2.81	32.24	25.72	10.45
Net Cash (Debt)	24.28	11.79	22.97	63.67	37	72.97
Net Cash Growth	51.42%	-48.65%	-63.93%	72.08%	-49.29%	-
Net Cash Per Share	-	0.13	0.24	0.68	0.39	1.12
Filing Date Shares Outstanding	-	93.75	93.75	93.75	93.75	93.75
Total Common Shares Outstanding	-	93.75	93.75	93.75	93.75	93.75
Working Capital	92.33	102.99	155.21	143.12	98.25	87.83
Book Value Per Share	-	10.75	10.74	9.10	5.09	1.81
Tangible Book Value	1,070	1,008	1,007	853.06	477.4	169.59
Tangible Book Value Per Share	-	10.75	10.74	9.10	5.09	1.81
Land	-	62.1	64.48	53.72	34.75	7.3
Buildings	-	41.4	42.99	35.81	22.92	9.7
Machinery	-	28.64	26.69	17.69	11.53	1.35
Leasehold Improvements	-	0.44	0.44	0.34	0.23	0.08

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