IST:KERVN 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	6.29	6.18	6.63	6.55	3.34	4.43
Cash & Short-Term Investments	6.29	6.18	6.63	6.55	3.34	4.43
Cash Growth	16.24%	-6.74%	1.22%	96.00%	-24.68%	1.93%
Accounts Receivable	473.98	295.72	99.2	2.67	4.25	17.96
Other Receivables	53.91	-	-	-	-	172.59
Receivables	527.89	297.91	101.31	2.67	4.86	227.78
Inventory	-	-	0.02	0.26	0.06	-
Prepaid Expenses	2.37	4.22	15.59	18.33	4.62	4.76
Other Current Assets	0.41	5.97	16.76	8.25	10.11	44.83
Total Current Assets	536.96	314.27	140.3	36.04	22.99	281.8
Property, Plant & Equipment	2.11	1.98	1.81	1.75	1.06	221.46
Long-Term Investments	1,109	1,013	1,029	808.9	360.36	60.58
Other Intangible Assets	537.91	489.99	484.78	378.75	162.63	120.01
Long-Term Deferred Tax Assets	-	-	-	22.8	-	-
Other Long-Term Assets	4,735	8,481	8,537	6,573	2,488	1,134
Total Assets	6,921	10,300	10,193	7,821	3,035	1,818
Accounts Payable	1,064	1,187	820.92	573.94	328.32	182.75
Accrued Expenses	4.8	11.01	66.76	80.09	52.25	46.3
Short-Term Debt	-	1,032	1,018	126.47	-	-
Current Portion of Long-Term Debt	1.85	5,093	4,856	5,290	2,316	1,694
Current Income Taxes Payable	-	-	-	0.1	0.08	-
Current Unearned Revenue	111.11	14.04	35.77	142.52	99.04	107.4
Other Current Liabilities	204.67	194.24	225.43	279.8	103.54	55.25
Total Current Liabilities	1,387	7,532	7,023	6,493	2,899	2,085
Long-Term Debt	126.66	125.32	121.83	120.23	53.56	95.6
Long-Term Unearned Revenue	1,293	-	-	-	-	-
Pension & Post-Retirement Benefits	1	0.75	0.54	0.37	0.75	0.74
Long-Term Deferred Tax Liabilities	211.67	547.54	915.72	655.9	108.99	-
Other Long-Term Liabilities	0.62	0.62	0.82	0.9	5.06	7.83
Total Liabilities	3,019	8,206	8,062	7,271	3,068	2,190
Common Stock	588.51	588.51	588.51	588.51	588.51	588.51
Additional Paid-In Capital	212.77	193.35	193.35	147.72	62.09	10.92
Retained Earnings	-7,709	-8,420	-8,376	-6,794	-2,876	-946.76
Comprehensive Income & Other	11,167	10,095	10,100	6,858	2,350	76.12
Total Common Equity	4,259	2,458	2,505	800.55	124.9	-271.21
Minority Interest	-357.68	-363.03	-374.22	-249.86	-157.63	-100.61
Shareholders' Equity	3,902	2,095	2,131	550.69	-32.73	-371.82
Total Liabilities & Equity	6,921	10,300	10,193	7,821	3,035	1,818
Total Debt	128.5	6,250	5,996	5,537	2,370	1,789
Net Cash (Debt)	-122.21	-6,244	-5,989	-5,530	-2,366	-1,785
Net Cash Per Share	-	-10.61	-10.18	-9.40	-4.02	-3.03
Filing Date Shares Outstanding	-	588.51	588.51	588.51	588.51	588.51
Total Common Shares Outstanding	-	588.51	588.51	588.51	588.51	588.51
Working Capital	-849.9	-7,217	-6,883	-6,457	-2,876	-1,804
Book Value Per Share	-	4.18	4.26	1.36	0.21	-0.46
Tangible Book Value	3,721	1,968	2,020	421.81	-37.73	-391.22
Tangible Book Value Per Share	-	3.34	3.43	0.72	-0.06	-0.66
Machinery	-	89.88	114.72	123.97	84.29	-

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