IST:IZFAS Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	26.92	2.86	3.16	3.6	0.99
Short-Term Investments	80	-	-	-	-
Cash & Short-Term Investments	106.92	2.86	3.16	3.6	0.99
Cash Growth	3636.40%	-9.53%	-12.24%	263.30%	-85.78%
Accounts Receivable	185.54	117.77	138.65	100.55	35.68
Other Receivables	1.45	0.96	0.75	1.09	0.64
Receivables	186.99	118.74	139.4	101.63	36.32
Inventory	188.07	97.1	66.55	83.09	39.23
Prepaid Expenses	43.43	-	-	-	-
Other Current Assets	0.99	13.92	13.09	16.49	0.29
Total Current Assets	526.4	232.61	222.2	204.82	76.84
Property, Plant & Equipment	131.58	107.4	113.25	65.29	18.28
Other Intangible Assets	0.08	0.11	0.25	0.3	0.17
Long-Term Accounts Receivable	-	-	1.04	2.02	0.76
Long-Term Deferred Tax Assets	-	-	-	-	0.93
Other Long-Term Assets	3.17	7.66	7.73	-	-
Total Assets	661.23	347.77	344.48	272.43	96.99
Accounts Payable	14.78	17.09	17.03	26.64	10.88
Accrued Expenses	0.06	1.32	1.75	1.47	0.28
Short-Term Debt	141.66	49.95	44.11	11.56	32.13
Current Portion of Long-Term Debt	-	7.81	17.6	15.21	4.73
Current Income Taxes Payable	-	1.41	1.23	2.52	0.3
Current Unearned Revenue	50.89	42.38	39.67	31.65	5.46
Other Current Liabilities	7.55	0.38	0.79	0.1	8.82
Total Current Liabilities	214.94	120.34	122.18	89.16	62.6
Long-Term Debt	-	2.34	11.77	4.66	2.15
Pension & Post-Retirement Benefits	17.63	6.11	5.25	4.97	1.16
Long-Term Deferred Tax Liabilities	28.54	15.09	12.96	7.75	-
Other Long-Term Liabilities	-	-	2.03	4.2	4.02
Total Liabilities	261.11	143.87	154.19	110.73	69.93
Common Stock	177.19	59.06	59.06	59.06	16.88
Additional Paid-In Capital	101.46	0.78	0.78	0.54	-
Retained Earnings	-138.71	-78.84	-90.89	-36.34	5.68
Treasury Stock	-1.86	-1.26	-1.26	-	-
Comprehensive Income & Other	261.61	222.19	221.36	137.27	4.37
Total Common Equity	399.69	201.93	189.05	160.53	26.92
Minority Interest	0.43	1.98	1.23	1.16	0.13
Shareholders' Equity	400.12	203.91	190.28	161.69	27.06
Total Liabilities & Equity	661.23	347.77	344.48	272.43	96.99
Total Debt	141.66	60.1	73.49	31.43	39.01
Net Cash (Debt)	-34.75	-57.24	-70.32	-27.83	-38.02
Net Cash Per Share	-	-0.48	-0.60	-0.24	-1.13
Filing Date Shares Outstanding	-	118.13	118.13	118.13	33.75
Total Common Shares Outstanding	-	118.13	118.13	118.13	33.75
Working Capital	311.46	112.27	100.03	115.66	14.24
Book Value Per Share	-	1.71	1.60	1.36	0.80
Tangible Book Value	399.61	201.82	188.8	160.23	26.75
Tangible Book Value Per Share	-	1.71	1.60	1.36	0.79
Land	-	60.86	60.86	42.16	11.74
Machinery	-	142.61	136.66	82.02	11.42
Construction In Progress	-	1.97	1.97	1.45	0.37
Leasehold Improvements	-	4.87	4.56	2.61	0.57

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.