IST:FONET 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	120.1	40.58	14.71	36.76	12.53
Short-Term Investments	39.36	9.23	2.1	2.69	-
Cash & Short-Term Investments	159.46	49.82	16.8	39.45	12.53
Cash Growth	220.10%	196.46%	-57.41%	214.94%	45.32%
Accounts Receivable	127.08	57.2	35.45	145.48	42.61
Other Receivables	0.5	0.65	2.66	0.01	0.05
Receivables	127.58	57.84	38.11	145.5	42.66
Inventory	-	-	3.17	2.27	0.53
Prepaid Expenses	0.71	0.74	1.41	2.76	1.27
Other Current Assets	1.8	1.05	1.59	8.38	0.44
Total Current Assets	289.55	109.44	61.09	198.36	57.43
Property, Plant & Equipment	93.26	74.93	43.34	24.47	5.53
Other Intangible Assets	1,326	1,236	861.05	509.7	92.03
Long-Term Accounts Receivable	-	-	-	20.58	33.11
Long-Term Deferred Tax Assets	132.58	158.69	92.83	2.84	2.24
Other Long-Term Assets	0.12	0.15	0.17	0.06	0.57
Total Assets	1,842	1,579	1,058	756.02	190.91
Accounts Payable	14.84	21.75	3.61	3.49	2.57
Accrued Expenses	34.35	35.01	36.64	16.6	4.06
Short-Term Debt	49.64	14.35	25.49	2.32	2.13
Current Portion of Long-Term Debt	5.06	8.48	-	-	-
Current Portion of Leases	2.67	2.58	1.42	1	0.61
Current Income Taxes Payable	16.28	4.6	2.42	2.55	0.51
Current Unearned Revenue	0.06	-	0.03	97.44	10.34
Other Current Liabilities	0.68	1.75	4.47	2.03	0.92
Total Current Liabilities	123.57	88.52	74.09	125.42	21.15
Long-Term Debt	0.52	10.6	-	-	-
Long-Term Leases	12.43	3.36	6.26	1.3	0.86
Long-Term Unearned Revenue	-	-	-	20.58	33.11
Pension & Post-Retirement Benefits	6.89	5.58	4.36	7.66	1.75
Long-Term Deferred Tax Liabilities	7.36	1.14	1.4	69.41	1.94
Other Long-Term Liabilities	0	-	-	-	-
Total Liabilities	150.78	109.2	86.11	224.38	58.8
Common Stock	936	144	144	40	40
Retained Earnings	649.19	833.22	486.33	298.69	92.73
Comprehensive Income & Other	106	492.88	342.04	192.95	-0.63
Shareholders' Equity	1,691	1,470	972.37	531.64	132.1
Total Liabilities & Equity	1,842	1,579	1,058	756.02	190.91
Total Debt	70.32	39.37	33.18	4.62	3.6
Net Cash (Debt)	89.13	10.45	-16.38	34.84	8.93
Net Cash Growth	752.96%	-	-	290.25%	44.84%
Net Cash Per Share	0.10	0.01	-0.02	0.04	0.01
Filing Date Shares Outstanding	936	936	936	936	936
Total Common Shares Outstanding	936	936	936	936	936
Working Capital	165.99	20.92	-13	72.94	36.28
Book Value Per Share	1.81	1.57	1.04	0.57	0.14
Tangible Book Value	364.73	234.02	111.32	21.94	40.07
Tangible Book Value Per Share	0.39	0.25	0.12	0.02	0.04
Buildings	27.94	27.94	21.34	14.78	1.5
Machinery	124.28	110.4	63.44	40.83	7.27
Leasehold Improvements	29.1	16.79	11.06	4.97	0.89

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