IST:IZFAS 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	Sep '25 Sep 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	6.37	2.86	3.16	3.6	0.99	0.26
Trading Asset Securities	-	-	-	-	-	6.71
Cash & Short-Term Investments	6.37	2.86	3.16	3.6	0.99	6.97
Cash Growth	-19.77%	-9.53%	-12.24%	263.30%	-85.78%	186.75%
Accounts Receivable	169.06	117.77	138.65	100.55	35.68	20.83
Other Receivables	0.71	0.96	0.75	1.09	0.64	0.63
Receivables	169.77	118.74	139.4	101.63	36.32	21.47
Inventory	136.9	97.1	66.55	83.09	39.23	24.58
Prepaid Expenses	22.58	-	-	-	-	-
Other Current Assets	0.6	13.92	13.09	16.49	0.29	0.48
Total Current Assets	336.21	232.61	222.2	204.82	76.84	53.49
Property, Plant & Equipment	81.04	107.4	113.25	65.29	18.28	3.51
Other Intangible Assets	0.1	0.11	0.25	0.3	0.17	0.15
Long-Term Accounts Receivable	-	-	1.04	2.02	0.76	0.57
Long-Term Deferred Tax Assets	-	-	-	-	0.93	1.32
Other Long-Term Assets	3.15	7.66	7.73	-	-	-
Total Assets	420.5	347.77	344.48	272.43	96.99	59.05
Accounts Payable	17.73	17.09	17.03	26.64	10.88	6.42
Accrued Expenses	6.74	1.32	1.75	1.47	0.28	0.07
Short-Term Debt	130.37	49.95	44.11	11.56	32.13	14.96
Current Portion of Long-Term Debt	7.81	7.81	17.6	15.21	4.73	7.84
Current Income Taxes Payable	1.66	1.41	1.23	2.52	0.3	0.23
Current Unearned Revenue	40.05	42.38	39.67	31.65	5.46	5.42
Other Current Liabilities	0.22	0.38	0.79	0.1	8.82	0.27
Total Current Liabilities	204.59	120.34	122.18	89.16	62.6	35.2
Long-Term Debt	-	2.34	11.77	4.66	2.15	3.75
Pension & Post-Retirement Benefits	7.99	6.11	5.25	4.97	1.16	0.98
Long-Term Deferred Tax Liabilities	29.51	15.09	12.96	7.75	-	-
Other Long-Term Liabilities	-	-	2.03	4.2	4.02	-
Total Liabilities	242.09	143.87	154.19	110.73	69.93	39.94
Common Stock	59.06	59.06	59.06	59.06	16.88	16.88
Additional Paid-In Capital	0.98	0.78	0.78	0.54	-	-
Retained Earnings	-177.81	-78.84	-90.89	-36.34	5.68	1.03
Treasury Stock	-1.58	-1.26	-1.26	-	-	-
Comprehensive Income & Other	296	222.19	221.36	137.27	4.37	1.41
Total Common Equity	176.65	201.93	189.05	160.53	26.92	19.32
Minority Interest	1.75	1.98	1.23	1.16	0.13	-0.2
Shareholders' Equity	178.4	203.91	190.28	161.69	27.06	19.11
Total Liabilities & Equity	420.5	347.77	344.48	272.43	96.99	59.05
Total Debt	138.18	60.1	73.49	31.43	39.01	26.55
Net Cash (Debt)	-131.82	-57.24	-70.32	-27.83	-38.02	-19.57
Net Cash Per Share	-1.10	-0.48	-0.60	-0.24	-1.13	-0.58
Filing Date Shares Outstanding	116.58	118.13	118.13	118.13	33.75	33.75
Total Common Shares Outstanding	116.58	118.13	118.13	118.13	33.75	33.75
Working Capital	131.61	112.27	100.03	115.66	14.24	18.29
Book Value Per Share	1.52	1.71	1.60	1.36	0.80	0.57
Tangible Book Value	176.55	201.82	188.8	160.23	26.75	19.16
Tangible Book Value Per Share	1.51	1.71	1.60	1.36	0.79	0.57
Land	32.08	60.86	60.86	42.16	11.74	-
Machinery	186.86	142.61	136.66	82.02	11.42	7.44
Construction In Progress	2.61	1.97	1.97	1.45	0.37	0.5
Leasehold Improvements	6.44	4.87	4.56	2.61	0.57	0.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.