IST:FORTE 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	Mar '25 Mar 31, 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	46.27	106.05	336.62	90.86	27.56	55.16
Short-Term Investments	-	-	62.69	-	-	-
Cash & Short-Term Investments	46.27	106.05	399.31	90.86	27.56	55.16
Cash Growth	-84.95%	-73.44%	339.48%	229.71%	-50.04%	-
Accounts Receivable	327.89	604.02	340.37	313.34	114.84	83.38
Other Receivables	10.07	9.65	-	1.02	0.37	9.79
Receivables	337.96	613.68	340.37	314.36	115.21	93.17
Inventory	244.41	111.96	258.78	173.66	28.17	32.15
Prepaid Expenses	13.12	13.2	13.35	4.12	0.41	0.42
Other Current Assets	64.73	43.17	24.99	25.84	6.94	1.44
Total Current Assets	706.49	888.06	1,037	608.84	178.29	182.33
Property, Plant & Equipment	138.13	122.21	57.42	15.68	2.52	2.4
Long-Term Investments	13.18	11.98	1.02	0.13	-	-
Other Intangible Assets	387.18	321.75	180.81	71.8	11.28	4.84
Long-Term Deferred Tax Assets	-	-	-	-	1.87	0.75
Other Long-Term Assets	60.43	55.43	58.9	1.84	0.29	5.34
Total Assets	1,305	1,399	1,335	698.3	194.25	195.66
Accounts Payable	267.18	458.85	285.64	214.39	107.77	105.92
Accrued Expenses	26.07	26.7	27.15	15.54	3.2	6.16
Short-Term Debt	55.19	0.54	68.1	156.85	0.13	0.05
Current Portion of Long-Term Debt	63.53	76.25	18.43	-	-	-
Current Portion of Leases	2.1	5.2	2.24	3.55	0.69	0.48
Current Income Taxes Payable	4.53	4.25	25.94	10.04	3.45	5.22
Current Unearned Revenue	3.43	4.45	14.07	0.73	1.25	0.03
Other Current Liabilities	1.17	1.49	1.78	3.37	0.53	7.91
Total Current Liabilities	423.2	577.74	443.35	404.47	117.01	125.77
Long-Term Debt	25.98	29.45	17.58	-	-	-
Long-Term Leases	13.9	0.26	0.76	2.46	0.29	0.41
Long-Term Unearned Revenue	-	-	0.42	0.99	-	2.19
Long-Term Deferred Tax Liabilities	9.2	0.21	1.37	3.15	-	-
Other Long-Term Liabilities	12.18	15.58	12.15	11.82	3.21	4.73
Total Liabilities	489.68	627.87	478.81	424.75	121.35	133.71
Common Stock	67	67	67	45	45	2.4
Additional Paid-In Capital	508.42	461.93	461.93	-	-	-
Retained Earnings	3.37	33.83	124.32	116.73	27.93	50.29
Comprehensive Income & Other	232.4	202.73	202.89	111.82	-0.03	-0.01
Total Common Equity	811.18	765.49	856.14	273.55	72.9	52.68
Minority Interest	4.55	6.06	-	-	-	9.28
Shareholders' Equity	815.73	771.55	856.14	273.55	72.9	61.96
Total Liabilities & Equity	1,305	1,399	1,335	698.3	194.25	195.66
Total Debt	160.71	111.7	107.11	162.87	1.11	0.93
Net Cash (Debt)	-114.44	-5.65	292.2	-72.01	26.45	54.23
Net Cash Growth	-	-	-	-	-51.23%	-
Net Cash Per Share	-1.71	-0.08	5.51	-1.60	1.91	22.60
Filing Date Shares Outstanding	67	67	67	67	13.84	2.4
Total Common Shares Outstanding	67	67	67	45	13.84	2.4
Working Capital	283.3	310.32	593.45	204.38	61.28	56.55
Book Value Per Share	12.11	11.43	12.78	6.08	5.27	21.95
Tangible Book Value	424	443.75	675.33	201.75	61.62	47.84
Tangible Book Value Per Share	6.33	6.62	10.08	4.48	4.45	19.93
Machinery	122.72	134.67	64.42	14.13	2.3	1.93
Leasehold Improvements	-	9.6	6.41	4.24	0.7	0.65

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