IST:HOROZ 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	591.46	582.03	1,372	81.78	44.46	32.88
Cash & Short-Term Investments	591.46	582.03	1,372	81.78	44.46	32.88
Cash Growth	-11.87%	-57.59%	1578.07%	83.93%	35.24%	-
Accounts Receivable	2,816	2,223	1,661	1,519	718.06	511.87
Other Receivables	57.94	345.71	137.68	86.98	152.35	112.97
Receivables	2,874	2,568	1,798	1,606	870.41	624.84
Inventory	11.61	13.22	-	-	-	-
Prepaid Expenses	487.95	179.51	80.66	48.88	26.12	21.32
Other Current Assets	403.76	208.79	190.49	231.23	84.05	72.07
Total Current Assets	4,369	3,552	3,442	1,968	1,025	751.11
Property, Plant & Equipment	5,417	4,924	5,297	2,952	1,546	1,471
Long-Term Investments	-	-	-	-	69.51	71.11
Other Intangible Assets	103.8	43.56	73.43	23.02	12.24	14.83
Long-Term Deferred Tax Assets	-	-	-	12.94	56.12	60.8
Long-Term Deferred Charges	-	34.38	-	-	-	-
Other Long-Term Assets	215.31	195.66	175.43	171.76	112.7	119.23
Total Assets	10,105	8,749	8,988	5,128	2,822	2,488
Accounts Payable	1,636	1,300	1,225	1,209	709.79	613.62
Accrued Expenses	275.92	251.18	276.42	166.73	101.12	72.43
Short-Term Debt	1,939	607.27	106.32	536.55	263.03	333.15
Current Portion of Long-Term Debt	92.9	33.13	50.77	22.17	39.89	42.53
Current Portion of Leases	-	780.16	812.66	378.22	341.17	284.87
Current Income Taxes Payable	14.94	-	3.23	8.82	8.53	5.21
Current Unearned Revenue	39.01	49.85	31.24	59.36	29.94	17.98
Other Current Liabilities	101.73	28.77	74.72	85.25	136.19	153.32
Total Current Liabilities	4,099	3,050	2,581	2,466	1,630	1,523
Long-Term Debt	78.35	37.41	71.64	46.5	18.26	20.01
Long-Term Leases	1,501	1,598	2,149	1,270	418.46	407.22
Long-Term Unearned Revenue	58.42	56.66	-	0.81	25.51	-
Pension & Post-Retirement Benefits	103.62	97.58	118.48	-	-	-
Long-Term Deferred Tax Liabilities	138.57	148.92	135.14	-	-	-
Other Long-Term Liabilities	-	-	9.67	134.92	80.11	120.94
Total Liabilities	5,979	4,988	5,065	3,918	2,172	2,071
Common Stock	90.49	90.49	90.49	72.49	100	100
Additional Paid-In Capital	1,520	1,381	1,381	-	-	-
Retained Earnings	2,164	1,989	715.96	-153.12	-163.43	-468.63
Comprehensive Income & Other	351.88	300.24	1,707	1,291	689.28	759.5
Total Common Equity	4,126	3,761	3,895	1,210	625.85	390.87
Minority Interest	-	-	28.41	0	24.24	25.53
Shareholders' Equity	4,126	3,761	3,923	1,210	650.1	416.4
Total Liabilities & Equity	10,105	8,749	8,988	5,128	2,822	2,488
Total Debt	3,611	3,056	3,190	2,253	1,081	1,088
Net Cash (Debt)	-3,020	-2,474	-1,818	-2,171	-1,036	-1,055
Net Cash Per Share	-33.38	-27.34	-20.09	-29.95	-10.36	-10.55
Filing Date Shares Outstanding	90.48	90.49	90.49	72.49	100	100
Total Common Shares Outstanding	90.48	90.49	90.49	72.49	100	100
Working Capital	269.81	501.9	861.1	-497.99	-604.62	-772.02
Book Value Per Share	45.60	41.56	43.04	16.69	6.26	3.91
Tangible Book Value	4,022	3,717	3,821	1,187	613.62	376.04
Tangible Book Value Per Share	44.45	41.08	42.23	16.37	6.14	3.76
Land	-	189.91	172.15	131.52	91.1	107.08
Buildings	-	92.57	91.53	69.93	48.43	44.52
Machinery	-	942.7	916.13	1,545	336.36	289.48
Construction In Progress	-	23.51	-	-	0.42	-
Leasehold Improvements	-	348.33	303.45	195.99	-	-