IST:KORDS 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	5,250	6,516	4,225	1,712	799.23	194.81
Short-Term Investments	0	13.96	11.5	91.64	58.21	0
Cash & Short-Term Investments	5,250	6,530	4,236	1,804	857.43	194.81
Cash Growth	9.61%	54.15%	134.81%	110.41%	340.15%	-56.70%
Accounts Receivable	5,948	4,908	5,690	4,774	3,860	2,566
Other Receivables	572.56	1,044	440.82	612.51	466.33	259.69
Receivables	6,520	5,952	6,131	5,386	4,326	2,826
Inventory	8,846	7,766	7,474	6,840	5,497	2,989
Prepaid Expenses	616.22	246.86	186.54	412.85	192.18	93.8
Other Current Assets	424.67	284.56	599	298.63	272.77	82.18
Total Current Assets	21,657	20,779	18,627	14,742	11,146	6,185
Property, Plant & Equipment	13,838	13,540	12,316	10,353	6,335	4,018
Long-Term Investments	2.91	2.78	2.23	1.97	1.23	0.88
Goodwill	6,860	6,620	5,476	3,960	2,515	1,640
Other Intangible Assets	5,250	4,617	4,059	3,325	2,204	1,398
Long-Term Deferred Tax Assets	2,751	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	1,637	1,518	1,254	1,325	783.25	513.35
Total Assets	51,996	50,293	43,807	34,976	23,569	14,011
Accounts Payable	5,110	3,827	3,198	3,375	2,972	1,927
Accrued Expenses	693.83	1,528	1,029	683.65	429	287.1
Short-Term Debt	5,397	5,612	8,735	6,955	3,544	2,188
Current Portion of Long-Term Debt	2,627	3,700	5,750	427.62	1,260	724.44
Current Portion of Leases	176.54	171.02	148.49	113.02	53.04	17.11
Current Income Taxes Payable	207.13	8.96	104.76	139.87	83.92	18.5
Current Unearned Revenue	19.26	42.76	37.68	14.88	16.75	18.8
Other Current Liabilities	3,719	479.29	302.21	149.88	145.07	331.84
Total Current Liabilities	17,950	15,369	19,305	11,859	8,504	5,513
Long-Term Debt	10,473	10,299	3,093	4,269	3,096	1,266
Long-Term Leases	987.14	968.43	918.36	851.76	491.7	238.51
Long-Term Unearned Revenue	23.99	23.16	21.79	37.41	19.73	-
Pension & Post-Retirement Benefits	495.79	458.95	412.41	364.29	340.23	153.82
Long-Term Deferred Tax Liabilities	1,710	1,692	1,517	595.52	496.46	337.46
Other Long-Term Liabilities	93.8	84.71	1,333	938.42	595.63	17.98
Total Liabilities	31,733	28,896	26,602	18,915	13,543	7,527
Common Stock	194.53	194.53	194.53	194.53	194.53	194.53
Additional Paid-In Capital	62.05	2,123	62.05	62.05	62.05	62.05
Retained Earnings	-433.09	-466.12	2,203	3,299	3,187	2,058
Comprehensive Income & Other	16,178	15,503	11,038	9,288	4,575	2,932
Total Common Equity	16,001	17,354	13,498	12,844	8,018	5,246
Minority Interest	4,261	4,043	3,707	3,216	2,008	1,238
Shareholders' Equity	20,262	21,397	17,205	16,061	10,026	6,484
Total Liabilities & Equity	51,996	50,293	43,807	34,976	23,569	14,011
Total Debt	19,660	20,751	18,645	12,616	8,445	4,434
Net Cash (Debt)	-14,410	-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	3,707	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	3,891	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

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