IST:LOGO 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	1,215	580.91	704.76	377.58	259.39
Short-Term Investments	-	117.52	292.45	489.95	101.97
Trading Asset Securities	167.91	50.06	114.65	187.48	71.97
Cash & Short-Term Investments	1,383	748.49	1,112	1,055	433.32
Cash Growth	84.72%	-32.68%	5.39%	143.47%	47.55%
Accounts Receivable	1,549	1,573	1,178	638.4	333.67
Other Receivables	-	0.29	-	0.29	-
Receivables	1,549	1,574	1,178	638.69	333.67
Inventory	29.02	18.93	52.41	13.83	5.93
Prepaid Expenses	101.93	92.69	88.82	50.4	12.9
Other Current Assets	43.91	3,123	45.45	31.45	10.46
Total Current Assets	3,106	5,557	2,476	1,789	796.27
Property, Plant & Equipment	403.69	465.86	445.52	249.66	38.66
Long-Term Investments	2,011	967.3	1,161	635.85	183.91
Goodwill	136.64	136.64	1,103	773.84	327.28
Other Intangible Assets	2,562	2,280	2,440	1,433	431.95
Long-Term Deferred Tax Assets	74.58	97.48	79.33	11.53	18.92
Other Long-Term Assets	28.49	6.96	8.67	8	10.48
Total Assets	8,322	9,511	7,714	4,901	1,807
Accounts Payable	426.61	338.36	405.98	236.97	81.64
Accrued Expenses	477.01	425.91	895.96	476.71	120.13
Short-Term Debt	4.67	3.76	49.31	22.53	57.36
Current Portion of Long-Term Debt	-	-	90.25	63.03	28.58
Current Portion of Leases	2.51	4.29	8.58	15.29	7.91
Current Income Taxes Payable	265.27	282.4	13.46	6.03	8.37
Current Unearned Revenue	2,714	2,438	1,690	798.77	290.9
Other Current Liabilities	-	1,397	578	370.16	147.28
Total Current Liabilities	3,890	4,890	3,732	1,989	742.16
Long-Term Debt	-	-	324.54	289.66	159.91
Long-Term Leases	7.12	6.98	31.91	27.44	12.67
Long-Term Unearned Revenue	107.14	95.75	65.13	-	-
Pension & Post-Retirement Benefits	226.88	193.56	194.03	111.85	37.39
Long-Term Deferred Tax Liabilities	-	13.43	41.08	25.2	15.19
Other Long-Term Liabilities	355.42	511.4	0.89	11.37	6.65
Total Liabilities	4,586	5,711	4,390	2,455	973.97
Common Stock	95	95	100	100	100
Retained Earnings	2,808	1,861	1,625	1,310	604.79
Treasury Stock	-405.96	-405.96	-303.6	-97.66	-9.78
Comprehensive Income & Other	1,985	2,637	2,081	1,119	189.92
Total Common Equity	4,482	4,187	3,502	2,431	884.93
Minority Interest	-745.8	-387.58	-177.58	14.58	-51.42
Shareholders' Equity	3,736	3,800	3,325	2,446	833.51
Total Liabilities & Equity	8,322	9,511	7,714	4,901	1,807
Total Debt	14.3	15.03	504.6	417.94	266.42
Net Cash (Debt)	1,368	733.46	607.26	637.07	166.9
Net Cash Growth	86.55%	20.78%	-4.68%	281.71%	18.05%
Net Cash Per Share	14.59	7.80	6.36	6.61	1.73
Filing Date Shares Outstanding	93.8	93.97	95.46	96.4	96.66
Total Common Shares Outstanding	93.8	93.97	95.46	96.4	96.66
Working Capital	-783.39	666.81	-1,256	-200.09	54.12
Book Value Per Share	47.78	44.56	36.69	25.22	9.15
Tangible Book Value	1,783	1,771	-41.49	224.83	125.7
Tangible Book Value Per Share	19.01	18.84	-0.43	2.33	1.30
Machinery	472.44	482.96	428.52	213.23	38.94
Leasehold Improvements	561.89	561.44	448.24	323.45	28.13

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