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	Jun '25 Jun 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	116.11	106.05	336.62	90.86	27.56	55.16
Short-Term Investments	-	-	62.69	-	-	-
Cash & Short-Term Investments	116.11	106.05	399.31	90.86	27.56	55.16
Cash Growth	-8.89%	-73.44%	339.48%	229.71%	-50.04%	-
Accounts Receivable	347.07	604.02	340.37	313.34	114.84	83.38
Other Receivables	31.61	9.65	-	1.02	0.37	9.79
Receivables	378.68	613.68	340.37	314.36	115.21	93.17
Inventory	313.3	111.96	258.78	173.66	28.17	32.15
Prepaid Expenses	13.04	13.2	13.35	4.12	0.41	0.42
Other Current Assets	142.46	43.17	24.99	25.84	6.94	1.44
Total Current Assets	963.6	888.06	1,037	608.84	178.29	182.33
Property, Plant & Equipment	161.02	122.21	57.42	15.68	2.52	2.4
Long-Term Investments	13.18	11.98	1.02	0.13	-	-
Other Intangible Assets	483.07	321.75	180.81	71.8	11.28	4.84
Long-Term Deferred Tax Assets	-	-	-	-	1.87	0.75
Other Long-Term Assets	75.47	55.43	58.9	1.84	0.29	5.34
Total Assets	1,696	1,399	1,335	698.3	194.25	195.66
Accounts Payable	243.6	458.85	285.64	214.39	107.77	105.92
Accrued Expenses	25.53	26.7	27.15	15.54	3.2	6.16
Short-Term Debt	511.55	0.54	68.1	156.85	0.13	0.05
Current Portion of Long-Term Debt	8.56	76.25	18.43	-	-	-
Current Portion of Leases	2.02	5.2	2.24	3.55	0.69	0.48
Current Income Taxes Payable	1.37	4.25	25.94	10.04	3.45	5.22
Current Unearned Revenue	0.76	4.45	14.07	0.73	1.25	0.03
Other Current Liabilities	1.55	1.49	1.78	3.37	0.53	7.91
Total Current Liabilities	794.94	577.74	443.35	404.47	117.01	125.77
Long-Term Debt	3	29.45	17.58	-	-	-
Long-Term Leases	11.8	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	23.4	0.21	1.37	3.15	-	-
Other Long-Term Liabilities	16.06	15.58	12.15	11.82	3.21	4.73
Total Liabilities	854.08	627.87	478.81	424.75	121.35	133.71
Common Stock	67	67	67	45	45	2.4
Additional Paid-In Capital	538.96	461.93	461.93	-	-	-
Retained Earnings	-15.99	33.83	124.32	116.73	27.93	50.29
Comprehensive Income & Other	250.05	202.73	202.89	111.82	-0.03	-0.01
Total Common Equity	840.02	765.49	856.14	273.55	72.9	52.68
Minority Interest	2.23	6.06	-	-	-	9.28
Shareholders' Equity	842.25	771.55	856.14	273.55	72.9	61.96
Total Liabilities & Equity	1,696	1,399	1,335	698.3	194.25	195.66
Total Debt	536.94	111.7	107.11	162.87	1.11	0.93
Net Cash (Debt)	-420.83	-5.65	292.2	-72.01	26.45	54.23
Net Cash Growth	-	-	-	-	-51.23%	-
Net Cash Per Share	-6.28	-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	168.66	310.32	593.45	204.38	61.28	56.55
Book Value Per Share	12.54	11.43	12.78	6.08	5.27	21.95
Tangible Book Value	356.95	443.75	675.33	201.75	61.62	47.84
Tangible Book Value Per Share	5.33	6.62	10.08	4.48	4.45	19.93
Machinery	138.51	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.