IST:LOGO Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Assets

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	1,128	1,215	580.91	704.76	377.58	259.39
Short-Term Investments	-	-	117.52	292.45	489.95	101.97
Trading Asset Securities	164.78	167.91	50.06	114.65	187.48	71.97
Cash & Short-Term Investments	1,292	1,383	748.49	1,112	1,055	433.32
Cash Growth	80.43%	84.72%	-32.68%	5.39%	143.47%	47.55%
Accounts Receivable	836.24	1,549	1,573	1,178	638.4	333.67
Other Receivables	1.43	-	0.29	-	0.29	-
Receivables	837.67	1,549	1,574	1,178	638.69	333.67
Inventory	18.65	29.02	18.93	52.41	13.83	5.93
Prepaid Expenses	172.66	101.93	92.69	88.82	50.4	12.9
Other Current Assets	63.06	43.91	3,123	45.45	31.45	10.46
Total Current Assets	2,385	3,106	5,557	2,476	1,789	796.27
Property, Plant & Equipment	468.49	403.69	465.86	445.52	249.66	38.66
Long-Term Investments	2,127	2,011	967.3	1,161	635.85	183.91
Goodwill	150.36	136.64	136.64	1,103	773.84	327.28
Other Intangible Assets	2,896	2,562	2,280	2,440	1,433	431.95
Long-Term Deferred Tax Assets	1	74.58	97.48	79.33	11.53	18.92
Other Long-Term Assets	26.63	28.49	6.96	8.67	8	10.48
Total Assets	8,054	8,322	9,511	7,714	4,901	1,807

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
Accounts Payable	302.98	426.61	338.36	405.98	236.97	81.64
Accrued Expenses	313.61	477.01	425.91	895.96	476.71	120.13
Short-Term Debt	3.64	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	11.21	2.51	4.29	8.58	15.29	7.91
Current Income Taxes Payable	76.59	265.27	282.4	13.46	6.03	8.37
Current Unearned Revenue	2,522	2,714	2,438	1,690	798.77	290.9
Other Current Liabilities	-	-	1,397	578	370.16	147.28
Total Current Liabilities	3,230	3,890	4,890	3,732	1,989	742.16
Long-Term Debt	-	-	-	324.54	289.66	159.91
Long-Term Leases	8.35	7.12	6.98	31.91	27.44	12.67
Long-Term Unearned Revenue	54.42	107.14	95.75	65.13	-	-
Pension & Post-Retirement Benefits	258.36	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	400.49	355.42	511.4	0.89	11.37	6.65
Total Liabilities	3,952	4,586	5,711	4,390	2,455	973.97

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
Common Stock	95	95	95	100	100	100
Retained Earnings	3,183	2,808	1,861	1,625	1,310	604.79
Treasury Stock	-484.75	-405.96	-405.96	-303.6	-97.66	-9.78
Comprehensive Income & Other	2,130	1,985	2,637	2,081	1,119	189.92
Total Common Equity	4,923	4,482	4,187	3,502	2,431	884.93
Minority Interest	-820.7	-745.8	-387.58	-177.58	14.58	-51.42
Shareholders' Equity	4,102	3,736	3,800	3,325	2,446	833.51
Total Liabilities & Equity	8,054	8,322	9,511	7,714	4,901	1,807

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
Total Debt	23.19	14.3	15.03	504.6	417.94	266.42
Net Cash (Debt)	1,269	1,368	733.46	607.26	637.07	166.9
Net Cash Growth	85.67%	86.55%	20.78%	-4.68%	281.71%	18.05%
Net Cash Per Share	13.54	14.59	7.80	6.36	6.61	1.73
Filing Date Shares Outstanding	93.7	93.8	93.97	95.46	96.4	96.66
Total Common Shares Outstanding	93.7	93.8	93.97	95.46	96.4	96.66
Working Capital	-845.73	-783.39	666.81	-1,256	-200.09	54.12
Book Value Per Share	52.54	47.78	44.56	36.69	25.22	9.15
Tangible Book Value	1,876	1,783	1,771	-41.49	224.83	125.7
Tangible Book Value Per Share	20.02	19.01	18.84	-0.43	2.33	1.30
Machinery	552.94	472.44	482.96	428.52	213.23	38.94
Leasehold Improvements	621.11	561.89	561.44	448.24	323.45	28.13