IST:FONET 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	24.26	31.01	14.71	36.76	12.53	8.62
Short-Term Investments	17.33	7.05	2.1	2.69	-	-
Cash & Short-Term Investments	41.58	38.06	16.8	39.45	12.53	8.62
Cash Growth	390.35%	126.49%	-57.41%	214.94%	45.32%	194.42%
Accounts Receivable	82.5	43.7	35.45	145.48	42.61	16.52
Other Receivables	0.66	0.49	2.66	0.01	0.05	0.01
Receivables	83.17	44.19	38.11	145.5	42.66	16.53
Inventory	40.95	-	3.17	2.27	0.53	1.29
Prepaid Expenses	0.25	0.57	1.41	2.76	1.27	0.97
Other Current Assets	5.23	0.8	1.59	8.38	0.44	0.21
Total Current Assets	171.18	83.61	61.09	198.36	57.43	27.62
Property, Plant & Equipment	61.7	57.25	43.34	24.47	5.53	5.25
Other Intangible Assets	1,269	944.35	861.05	509.7	92.03	72.65
Long-Term Accounts Receivable	-	-	-	20.58	33.11	0.79
Long-Term Deferred Tax Assets	443.42	121.24	92.83	2.84	2.24	1.66
Other Long-Term Assets	0.12	0.12	0.17	0.06	0.57	0.76
Total Assets	1,946	1,207	1,058	756.02	190.91	108.73
Accounts Payable	19.12	16.61	3.61	3.49	2.57	1
Accrued Expenses	37.35	26.75	36.64	16.6	4.06	3.13
Short-Term Debt	13.2	10.97	25.49	2.32	2.13	1.14
Current Portion of Long-Term Debt	2.44	6.48	-	-	-	-
Current Portion of Leases	2.74	1.97	1.42	1	0.61	0.58
Current Income Taxes Payable	9.43	3.52	2.42	2.55	0.51	0.59
Current Unearned Revenue	0.14	-	0.03	97.44	10.34	1.19
Other Current Liabilities	0.79	1.34	4.47	2.03	0.92	1.73
Total Current Liabilities	85.19	67.63	74.09	125.42	21.15	9.36
Long-Term Debt	7.21	8.1	-	-	-	-
Long-Term Leases	9.24	2.57	6.26	1.3	0.86	0.74
Long-Term Unearned Revenue	-	-	-	20.58	33.11	0.79
Pension & Post-Retirement Benefits	7.04	4.26	4.36	7.66	1.75	1.04
Long-Term Deferred Tax Liabilities	325.91	0.87	1.4	69.41	1.94	1.93
Total Liabilities	434.59	83.43	86.11	224.38	58.8	13.86
Common Stock	144	144	144	40	40	40
Retained Earnings	903.97	636.57	486.33	298.69	92.73	55.44
Treasury Stock	-19.57	-15.6	-15.6	-	-	-
Comprehensive Income & Other	482.83	358.17	357.64	192.95	-0.63	-0.56
Shareholders' Equity	1,511	1,123	972.37	531.64	132.1	94.87
Total Liabilities & Equity	1,946	1,207	1,058	756.02	190.91	108.73
Total Debt	34.82	30.07	33.18	4.62	3.6	2.46
Net Cash (Debt)	6.76	7.98	-16.38	34.84	8.93	6.16
Net Cash Growth	-	-	-	290.25%	44.84%	1294.92%
Net Cash Per Share	0.01	0.01	-0.02	0.04	0.01	0.01
Filing Date Shares Outstanding	936	936	936	936	936	936
Total Common Shares Outstanding	936	936	936	936	936	936
Working Capital	85.99	15.98	-13	72.94	36.28	18.27
Book Value Per Share	1.61	1.20	1.04	0.57	0.14	0.10
Tangible Book Value	241.83	178.79	111.32	21.94	40.07	22.23
Tangible Book Value Per Share	0.26	0.19	0.12	0.02	0.04	0.02
Buildings	26.77	21.34	21.34	14.78	1.5	1.5
Machinery	107.46	84.34	63.44	40.83	7.27	5.57
Leasehold Improvements	-	12.83	11.06	4.97	0.89	0.97

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