IST:MAALT 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	1,287	590.67	1,712	160.85	148.44
Cash & Short-Term Investments	1,287	590.67	1,712	160.85	148.44
Cash Growth	117.93%	-65.50%	964.41%	8.36%	30.18%
Accounts Receivable	0.61	1.02	0.02	0.25	0.15
Other Receivables	-	-	1.56	3.17	-
Receivables	0.61	1.02	1.57	3.42	0.15
Inventory	0	0.01	0.01	0.01	0
Prepaid Expenses	36.08	26.58	0.07	0.08	4.44
Other Current Assets	1.67	-	-	-	1.79
Total Current Assets	1,326	618.27	1,714	164.36	154.82
Property, Plant & Equipment	3,693	2,655	1,222	390.02	51.82
Other Intangible Assets	0.33	0.6	0.16	0.18	0.02
Other Long-Term Assets	586.79	556.9	200.26	159.35	16.72
Total Assets	5,605	3,831	3,136	713.91	223.38
Accounts Payable	241.79	56.29	66.94	70.21	7.06
Accrued Expenses	10.06	3.36	0.62	0.69	0.19
Current Income Taxes Payable	-	-	21.28	-	0.71
Current Unearned Revenue	49.79	47.76	37.23	12.85	4.73
Other Current Liabilities	3.44	1.61	2.71	1.79	1.5
Total Current Liabilities	305.07	109.02	128.79	85.54	14.19
Long-Term Unearned Revenue	394.64	446.03	384.78	285.24	58.38
Pension & Post-Retirement Benefits	2.77	2.39	1.71	2.78	0.62
Other Long-Term Liabilities	-	-	-	-	1.31
Total Liabilities	702.48	557.44	515.27	373.56	74.49
Common Stock	6.97	6.97	6.97	5.52	5.52
Additional Paid-In Capital	2,408	2,408	1,840	-	-
Retained Earnings	-1,030	-1,060	-690.15	-657.98	90.83
Treasury Stock	-	-	-	-18.82	-2.84
Comprehensive Income & Other	3,518	1,918	1,464	1,012	55.38
Shareholders' Equity	4,903	3,273	2,621	340.35	148.89
Total Liabilities & Equity	5,605	3,831	3,136	713.91	223.38
Net Cash (Debt)	1,287	590.67	1,712	160.85	148.44
Net Cash Growth	117.93%	-65.50%	964.41%	8.36%	30.18%
Net Cash Per Share	184.76	84.78	245.75	30.61	28.25
Filing Date Shares Outstanding	6.97	6.97	6.97	5.25	5.25
Total Common Shares Outstanding	6.97	6.97	6.97	5.25	5.25
Working Capital	1,021	509.25	1,585	78.82	140.63
Book Value Per Share	703.73	469.82	376.13	64.77	28.33
Tangible Book Value	4,903	3,273	2,620	340.17	148.87
Tangible Book Value Per Share	703.68	469.73	376.10	64.74	28.33
Land	41.62	41.62	31.79	22.02	-
Buildings	140.74	140.74	107.52	74.47	25.37
Machinery	99.66	99.66	76.07	52.62	9.45
Construction In Progress	3,437	2,392	1,015	242.69	17.68

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