IST:GARAN 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	488,198	574,696	330,451	348,683	189,813	137,332
Investment Securities	550,435	477,529	359,129	246,279	95,238	52,659
Trading Asset Securities	46,205	38,675	25,457	22,040	19,031	30,241
Total Investments	596,639	516,204	384,585	268,319	114,269	82,900
Gross Loans	2,875,951	2,821,178	1,831,628	1,264,788	791,974	510,853
Allowance for Loan Losses	-89,257	-86,757	-60,811	-51,366	-40,086	-29,452
Other Adjustments to Gross Loans	-10,072	-10,489	-5,667	-5,196	-2,395	-1,390
Net Loans	2,776,622	2,723,932	1,765,151	1,208,226	749,493	480,010
Property, Plant & Equipment	52,632	51,171	36,679	21,953	11,788	6,106
Goodwill	6.39	6.39	6.39	6.39	6.39	6.39
Other Intangible Assets	7,849	7,800	4,358	2,542	1,257	957.26
Investments in Real Estate	3,315	3,136	2,417	1,591	926.8	652.63
Other Receivables	56,042	57,439	44,885	20,270	14,812	7,210
Restricted Cash	352,623	412,863	271,778	137,024	81,687	79,466
Other Current Assets	88,689	79,596	48,733	28,099	21,911	5,090
Long-Term Deferred Tax Assets	14,594	11,101	20,728	20,291	7,105	4,443
Other Long-Term Assets	346,540	109,830	92,807	144,709	110,512	46,301
Total Assets	4,783,750	4,547,774	3,002,579	2,201,713	1,303,578	850,476
Accrued Expenses	3,542	3,646	1,513	948.04	539.82	292.8
Interest Bearing Deposits	2,701,438	2,743,155	1,952,388	1,463,572	812,091	531,108
Non-Interest Bearing Deposits	465,367	406,878	201,959	141,359	96,648	51,725
Total Deposits	3,166,804	3,150,034	2,154,348	1,604,931	908,739	582,833
Short-Term Borrowings	46,462	44,917	42,742	22,388	19,607	23,771
Current Portion of Long-Term Debt	66,942	90,649	46,867	629.33	177.09	-
Current Portion of Leases	1,893	1,925	946.47	647.15	426.46	283.2
Current Income Taxes Payable	36,122	25,194	18,780	11,701	8,050	2,973
Other Current Liabilities	436,194	231,816	151,964	78,492	48,546	26,798
Long-Term Debt	455,094	457,073	192,918	188,815	126,198	109,967
Long-Term Leases	4,279	4,090	2,003	1,626	1,033	786.84
Pension & Post-Retirement Benefits	12,708	12,662	8,143	4,905	3,753	2,018
Long-Term Deferred Tax Liabilities	58.6	-	186.84	129.37	197.83	55.1
Other Long-Term Liabilities	100,562	79,130	50,760	40,880	33,185	20,397
Total Liabilities	4,330,663	4,101,138	2,671,171	1,956,092	1,150,454	770,175
Common Stock	4,200	4,200	4,200	4,200	4,200	4,200
Additional Paid-In Capital	11.88	11.88	11.88	11.88	11.88	11.88
Retained Earnings	382,213	370,970	279,213	200,964	123,179	65,953
Comprehensive Income & Other	64,421	68,891	46,364	39,525	25,248	9,817
Total Common Equity	450,845	444,073	329,788	244,701	152,639	79,981
Minority Interest	2,243	2,563	1,620	920.33	484.74	319.52
Shareholders' Equity	453,088	446,636	331,409	245,622	153,124	80,301
Total Liabilities & Equity	4,783,750	4,547,774	3,002,579	2,201,713	1,303,578	850,476
Total Debt	574,671	598,655	285,476	214,106	147,442	134,808
Net Cash (Debt)	52,734	110,137	140,975	248,962	86,190	43,053
Net Cash Growth	-82.63%	-21.87%	-43.38%	188.85%	100.19%	-
Net Cash Per Share	12.56	26.22	33.57	59.28	20.52	10.25
Filing Date Shares Outstanding	4,200	4,200	4,200	4,200	4,200	4,200
Total Common Shares Outstanding	4,200	4,200	4,200	4,200	4,200	4,200
Book Value Per Share	107.34	105.73	78.52	58.26	36.34	19.04
Tangible Book Value	442,990	436,267	325,424	242,153	151,376	79,018
Tangible Book Value Per Share	105.47	103.87	77.48	57.66	36.04	18.81

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