IST:FORMT 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	129.03	60.6	142.88	29.9	46.11
Cash & Short-Term Investments	129.03	60.6	142.88	29.9	46.11
Cash Growth	112.91%	-57.58%	377.84%	-35.15%	232.26%
Accounts Receivable	419.9	444.59	299.49	208.93	88.23
Other Receivables	2.6	4.24	4.33	8.32	1.75
Receivables	422.5	448.83	303.81	217.25	89.98
Inventory	265.48	361.88	380.28	165.64	99.07
Prepaid Expenses	0.79	2.67	0.34	1.51	1.59
Other Current Assets	91.26	119.78	112.02	129.3	42.26
Total Current Assets	909.07	993.76	939.34	543.6	279
Property, Plant & Equipment	1,874	1,487	953.13	601.86	56.36
Other Intangible Assets	13.81	19	18.6	0.42	0.11
Long-Term Accounts Receivable	-	-	-	26.6	-
Long-Term Deferred Tax Assets	-	13.45	2.72	-	9.96
Other Long-Term Assets	-	-	-	12.04	2.14
Total Assets	2,797	2,513	1,914	1,185	347.57
Accounts Payable	155.21	173.9	172.92	204.28	64.47
Accrued Expenses	6.74	3.14	13.1	6.27	1.5
Short-Term Debt	23.63	102.77	47.31	34.47	2.26
Current Portion of Long-Term Debt	131.58	245.53	84.26	50.74	12
Current Portion of Leases	4.15	6.9	2.9	6.03	4.11
Current Income Taxes Payable	4.08	4.58	-	-	0.28
Current Unearned Revenue	157.87	247.16	106.35	89.34	18.89
Other Current Liabilities	22.17	26.99	6.74	14.92	3.23
Total Current Liabilities	505.43	810.97	433.58	406.05	106.74
Long-Term Debt	66.54	179.42	138.78	34.25	1.63
Long-Term Leases	3.68	16.79	4.91	8.47	8.77
Pension & Post-Retirement Benefits	11.54	7.85	1.57	7.75	2.33
Long-Term Deferred Tax Liabilities	99.32	-	-	23.55	-
Total Liabilities	686.5	1,015	578.85	480.06	119.48
Common Stock	1,076	538.13	538.13	269.07	246
Additional Paid-In Capital	58.17	53.93	41.2	26.9	0
Retained Earnings	-1,156	-1,048	-648.03	-360.87	-15.93
Treasury Stock	-	-50.01	-1.63	-	-
Comprehensive Income & Other	2,132	2,004	1,405	769.36	-1.98
Shareholders' Equity	2,111	1,498	1,335	704.46	228.09
Total Liabilities & Equity	2,797	2,513	1,914	1,185	347.57
Total Debt	229.58	551.42	278.16	133.96	28.78
Net Cash (Debt)	-100.54	-490.82	-135.28	-104.06	17.32
Net Cash Per Share	-0.09	-0.91	-0.25	-0.50	0.09
Filing Date Shares Outstanding	1,076	538.13	538.13	269.07	246
Total Common Shares Outstanding	1,076	538.13	538.13	269.07	246
Working Capital	403.64	182.79	505.75	137.55	172.26
Book Value Per Share	1.96	2.78	2.48	2.62	0.93
Tangible Book Value	2,097	1,479	1,316	704.04	227.98
Tangible Book Value Per Share	1.95	2.75	2.45	2.62	0.93
Land	281.91	281.91	215.37	176.32	-
Buildings	1,082	739.05	326.55	219.52	2.7
Machinery	651.23	539.23	252.11	155.61	54.27
Construction In Progress	6.33	-	192.69	44.02	-
Leasehold Improvements	62.61	62.61	47.24	31.65	5.35

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