Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S. (IST:FORTE)

IST:FORTE Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	507.06	507.28	138.81	336.62	90.86	27.56
Short-Term Investments	-	-	-	62.69	-	-
Cash & Short-Term Investments	507.06	507.28	138.81	399.31	90.86	27.56
Cash Growth	336.71%	265.46%	-65.24%	339.48%	229.71%	-50.04%
Accounts Receivable	1,274	786.79	790.62	340.37	313.34	114.84
Other Receivables	43.98	72.5	12.63	-	1.02	0.37
Receivables	1,318	859.29	803.25	340.37	314.36	115.21
Inventory	1,910	851.21	146.55	258.78	173.66	28.17
Prepaid Expenses	25.07	12.9	17.28	13.35	4.12	0.41
Other Current Assets	361.16	393.89	56.51	24.99	25.84	6.94
Total Current Assets	4,121	2,625	1,162	1,037	608.84	178.29
Property, Plant & Equipment	316.44	257.06	159.96	57.42	15.68	2.52
Long-Term Investments	138.04	19	15.68	1.02	0.13	-
Other Intangible Assets	3,661	2,948	421.14	180.81	71.8	11.28
Long-Term Deferred Tax Assets	-	-	-	-	-	1.87
Other Long-Term Assets	103.01	60.75	72.55	58.9	1.84	0.29
Total Assets	8,340	5,909	1,832	1,335	698.3	194.25

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,108	585.82	593.79	285.64	214.39	107.77
Accrued Expenses	318.31	129.82	34.93	27.15	15.54	3.2
Short-Term Debt	366.78	448.4	7.51	68.1	156.85	0.13
Current Portion of Long-Term Debt	593.39	414.82	100.37	18.43	-	-
Current Portion of Leases	34.97	9.7	6.25	2.24	3.55	0.69
Current Income Taxes Payable	31.66	26.79	5.57	25.94	10.04	3.45
Current Unearned Revenue	469.39	-	-	14.07	0.73	1.25
Other Current Liabilities	4.52	4.22	1.98	1.78	3.37	0.53
Total Current Liabilities	2,927	1,946	756.22	443.35	404.47	117.01
Long-Term Debt	1,413	885.08	38.55	17.58	-	-
Long-Term Leases	77.51	75.8	0.34	0.76	2.46	0.29
Long-Term Unearned Revenue	-	-	-	0.42	0.99	-
Pension & Post-Retirement Benefits	8.22	5.75	6.07	3.18	1.86	0.84
Long-Term Deferred Tax Liabilities	121.77	40.41	0.27	1.37	3.15	-
Other Long-Term Liabilities	659.94	477.4	20.39	12.15	11.82	3.21
Total Liabilities	5,208	3,431	821.83	478.81	424.75	121.35

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	67	67	67	67	45	45
Additional Paid-In Capital	712.01	604.64	604.64	461.93	-	-
Retained Earnings	2,038	1,547	44.28	124.32	116.73	27.93
Comprehensive Income & Other	301.59	248.41	286.06	202.89	111.82	-0.03
Total Common Equity	3,118	2,467	1,002	856.14	273.55	72.9
Minority Interest	14.12	11.46	7.93	-	-	-
Shareholders' Equity	3,132	2,478	1,010	856.14	273.55	72.9
Total Liabilities & Equity	8,340	5,909	1,832	1,335	698.3	194.25

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2,486	1,834	153.01	107.11	162.87	1.11
Net Cash (Debt)	-1,979	-1,327	-14.21	292.2	-72.01	26.45
Net Cash Growth	-	-	-	-	-	-51.23%
Net Cash Per Share	-29.53	-19.80	-0.21	5.51	-1.60	1.91
Filing Date Shares Outstanding	67	67	67	67	67	13.84
Total Common Shares Outstanding	67	67	67	67	45	13.84
Working Capital	1,194	678.44	406.18	593.45	204.38	61.28
Book Value Per Share	46.54	36.82	14.95	12.78	6.08	5.27
Tangible Book Value	-543.31	-480.64	580.83	675.33	201.75	61.62
Tangible Book Value Per Share	-8.11	-7.17	8.67	10.08	4.48	4.45
Machinery	236.56	199.33	147.8	64.42	14.13	2.3
Construction In Progress	15.14	12.86	-	-	-	-
Leasehold Improvements	-	-	-	6.41	4.24	0.7

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 4, 2026

Data Sources Report a data error