IST:KORDS 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	6,516	4,225	1,712	799.23	194.81
Short-Term Investments	13.96	11.5	91.64	58.21	0
Cash & Short-Term Investments	6,530	4,236	1,804	857.43	194.81
Cash Growth	54.15%	134.81%	110.41%	340.15%	-56.70%
Accounts Receivable	4,908	5,690	4,774	3,860	2,566
Other Receivables	1,044	440.82	612.51	466.33	259.69
Receivables	5,952	6,131	5,386	4,326	2,826
Inventory	7,766	7,474	6,840	5,497	2,989
Prepaid Expenses	246.86	186.54	412.85	192.18	93.8
Other Current Assets	284.56	599	298.63	272.77	82.18
Total Current Assets	20,779	18,627	14,742	11,146	6,185
Property, Plant & Equipment	13,540	12,316	10,353	6,335	4,018
Long-Term Investments	2.78	2.23	1.97	1.23	0.88
Goodwill	6,620	5,476	3,960	2,515	1,640
Other Intangible Assets	4,617	4,059	3,325	2,204	1,398
Long-Term Deferred Tax Assets	2,654	1,708	1,026	492.08	200.9
Long-Term Deferred Charges	562.21	365.23	243.69	93.04	54.39
Other Long-Term Assets	1,518	1,254	1,325	783.25	513.35
Total Assets	50,293	43,807	34,976	23,569	14,011
Accounts Payable	3,827	3,198	3,375	2,972	1,927
Accrued Expenses	1,528	1,029	683.65	429	287.1
Short-Term Debt	5,612	8,735	6,955	3,544	2,188
Current Portion of Long-Term Debt	3,700	5,750	427.62	1,260	724.44
Current Portion of Leases	171.02	148.49	113.02	53.04	17.11
Current Income Taxes Payable	8.96	104.76	139.87	83.92	18.5
Current Unearned Revenue	42.76	37.68	14.88	16.75	18.8
Other Current Liabilities	479.29	302.21	149.88	145.07	331.84
Total Current Liabilities	15,369	19,305	11,859	8,504	5,513
Long-Term Debt	10,299	3,093	4,269	3,096	1,266
Long-Term Leases	968.43	918.36	851.76	491.7	238.51
Long-Term Unearned Revenue	23.16	21.79	37.41	19.73	-
Pension & Post-Retirement Benefits	458.95	412.41	364.29	340.23	153.82
Long-Term Deferred Tax Liabilities	1,692	1,517	595.52	496.46	337.46
Other Long-Term Liabilities	84.71	1,333	938.42	595.63	17.98
Total Liabilities	28,896	26,602	18,915	13,543	7,527
Common Stock	194.53	194.53	194.53	194.53	194.53
Additional Paid-In Capital	2,123	62.05	62.05	62.05	62.05
Retained Earnings	-466.12	2,203	3,299	3,187	2,058
Comprehensive Income & Other	15,503	11,038	9,288	4,575	2,932
Total Common Equity	17,354	13,498	12,844	8,018	5,246
Minority Interest	4,043	3,707	3,216	2,008	1,238
Shareholders' Equity	21,397	17,205	16,061	10,026	6,484
Total Liabilities & Equity	50,293	43,807	34,976	23,569	14,011
Total Debt	20,751	18,645	12,616	8,445	4,434
Net Cash (Debt)	-14,221	-14,409	-10,812	-7,587	-4,239
Net Cash Per Share	-73.10	-74.07	-55.58	-39.00	-21.79
Filing Date Shares Outstanding	194.53	194.53	194.53	194.53	194.53
Total Common Shares Outstanding	194.53	194.53	194.53	194.53	194.53
Working Capital	5,410	-678.75	2,883	2,642	672.43
Book Value Per Share	89.21	69.39	66.03	41.22	26.97
Tangible Book Value	6,117	3,963	5,559	3,299	2,209
Tangible Book Value Per Share	31.44	20.37	28.58	16.96	11.35
Land	582.95	468.7	411.66	253.1	171.83
Buildings	4,499	3,630	2,930	1,771	1,237
Machinery	22,816	20,422	16,187	9,762	6,672
Construction In Progress	1,816	1,124	1,441	853.05	175.41

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