IST:FONET 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	87.99	120.1	40.58	14.71	36.76	12.53
Short-Term Investments	58.06	39.36	9.23	2.1	2.69	-
Cash & Short-Term Investments	146.05	159.46	49.82	16.8	39.45	12.53
Cash Growth	711.71%	220.10%	196.46%	-57.41%	214.94%	45.32%
Accounts Receivable	151.66	127.08	57.2	35.45	145.48	42.61
Other Receivables	1.27	0.5	0.65	2.66	0.01	0.05
Receivables	152.94	127.58	57.84	38.11	145.5	42.66
Inventory	9.42	-	-	3.17	2.27	0.53
Prepaid Expenses	1.93	0.71	0.74	1.41	2.76	1.27
Other Current Assets	0.02	1.8	1.05	1.59	8.38	0.44
Total Current Assets	310.36	289.55	109.44	61.09	198.36	57.43
Property, Plant & Equipment	97.63	93.26	74.93	43.34	24.47	5.53
Other Intangible Assets	1,518	1,326	1,236	861.05	509.7	92.03
Long-Term Accounts Receivable	-	-	-	-	20.58	33.11
Long-Term Deferred Tax Assets	138.27	132.58	158.69	92.83	2.84	2.24
Other Long-Term Assets	0.12	0.12	0.15	0.17	0.06	0.57
Total Assets	2,065	1,842	1,579	1,058	756.02	190.91
Accounts Payable	4.03	14.84	21.75	3.61	3.49	2.57
Accrued Expenses	72	34.35	35.01	36.64	16.6	4.06
Short-Term Debt	49.3	49.64	14.35	25.49	2.32	2.13
Current Portion of Long-Term Debt	-	5.06	8.48	-	-	-
Current Portion of Leases	1.88	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	0.64	0.06	-	0.03	97.44	10.34
Other Current Liabilities	6.43	0.68	1.75	4.47	2.03	0.92
Total Current Liabilities	134.28	123.57	88.52	74.09	125.42	21.15
Long-Term Debt	-	0.52	10.6	-	-	-
Long-Term Leases	12.02	12.43	3.36	6.26	1.3	0.86
Long-Term Unearned Revenue	-	-	-	-	20.58	33.11
Pension & Post-Retirement Benefits	14.19	6.89	5.58	4.36	7.66	1.75
Long-Term Deferred Tax Liabilities	27.79	7.36	1.14	1.4	69.41	1.94
Other Long-Term Liabilities	-	0	-	-	-	-
Total Liabilities	188.28	150.78	109.2	86.11	224.38	58.8
Common Stock	936	936	144	144	40	40
Retained Earnings	736.98	649.19	833.22	486.33	298.69	92.73
Comprehensive Income & Other	203.26	106	492.88	342.04	192.95	-0.63
Shareholders' Equity	1,876	1,691	1,470	972.37	531.64	132.1
Total Liabilities & Equity	2,065	1,842	1,579	1,058	756.02	190.91
Total Debt	63.2	70.32	39.37	33.18	4.62	3.6
Net Cash (Debt)	82.85	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	176.08	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	358.09	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.