IST:IZFAS 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	21.15	26.92	3.75	3.16	3.6	0.99
Short-Term Investments	5.27	80	-	-	-	-
Cash & Short-Term Investments	26.42	106.92	3.75	3.16	3.6	0.99
Cash Growth	762.08%	2754.56%	18.42%	-12.24%	263.30%	-85.78%
Accounts Receivable	230.42	185.54	154.16	138.65	100.55	35.68
Other Receivables	1.11	0.86	0.09	0.17	1.09	0.64
Receivables	231.53	186.4	154.25	138.82	101.63	36.32
Inventory	188	188.07	127.09	66.55	83.09	39.23
Prepaid Expenses	1.35	1.35	0.55	-	-	-
Other Current Assets	35.32	43.67	18.83	13.67	16.49	0.29
Total Current Assets	482.62	526.4	304.47	222.2	204.82	76.84
Property, Plant & Equipment	155.31	131.58	140.57	113.25	65.29	18.28
Other Intangible Assets	0.09	0.08	0.14	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	7.67	3.17	10.03	7.73	-	-
Total Assets	645.69	661.23	455.21	344.48	272.43	96.99
Accounts Payable	17.23	14.78	22.37	17.03	26.64	10.88
Accrued Expenses	6.83	15.22	3.57	1.75	1.47	0.28
Short-Term Debt	84.42	130.91	65.38	44.11	11.56	32.13
Current Portion of Long-Term Debt	2.38	-	10.23	17.6	15.21	4.73
Current Income Taxes Payable	-	0.06	-	1.23	2.52	0.3
Current Unearned Revenue	69	50.89	55.47	39.67	31.65	5.46
Other Current Liabilities	23.29	3.09	0.5	0.79	0.1	8.82
Total Current Liabilities	203.15	214.94	157.51	122.18	89.16	62.6
Long-Term Debt	1.53	-	3.06	11.77	4.66	2.15
Pension & Post-Retirement Benefits	9.32	17.63	7.99	5.25	4.97	1.16
Long-Term Deferred Tax Liabilities	28.92	28.54	19.75	12.96	7.75	-
Other Long-Term Liabilities	-	-	-	2.03	4.2	4.02
Total Liabilities	242.93	261.11	188.31	154.19	110.73	69.93
Common Stock	177.19	177.19	59.06	59.06	59.06	16.88
Additional Paid-In Capital	111.65	101.46	1.03	0.78	0.54	-
Retained Earnings	-198.34	-138.71	-103.2	-90.89	-36.34	5.68
Treasury Stock	-2.04	-1.86	-1.65	-1.26	-	-
Comprehensive Income & Other	313.78	261.61	309.07	221.36	137.27	4.37
Total Common Equity	402.24	399.69	264.31	189.05	160.53	26.92
Minority Interest	0.52	0.43	2.59	1.23	1.16	0.13
Shareholders' Equity	402.76	400.12	266.9	190.28	161.69	27.06
Total Liabilities & Equity	645.69	661.23	455.21	344.48	272.43	96.99
Total Debt	88.33	130.91	78.67	73.49	31.43	39.01
Net Cash (Debt)	-61.91	-23.99	-74.92	-70.32	-27.83	-38.02
Net Cash Per Share	-0.36	-0.14	-0.63	-0.60	-0.24	-1.13
Filing Date Shares Outstanding	177.19	354.37	124.25	118.13	118.13	33.75
Total Common Shares Outstanding	177.19	354.37	124.25	118.13	118.13	33.75
Working Capital	279.47	311.46	146.96	100.03	115.66	14.24
Book Value Per Share	2.27	1.13	2.13	1.60	1.36	0.80
Tangible Book Value	402.15	399.61	264.17	188.8	160.23	26.75
Tangible Book Value Per Share	2.27	1.13	2.13	1.60	1.36	0.79
Land	87.67	79.67	79.67	60.86	42.16	11.74
Machinery	222.59	191.63	186.66	136.66	82.02	11.42
Construction In Progress	9.75	2.87	2.57	1.97	1.45	0.37
Leasehold Improvements	10.01	7.23	6.38	4.56	2.61	0.57