IST:MAKIM 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	246.09	220.32	105.36	48.24	30
Short-Term Investments	33.66	0.06	4.44	-	-
Cash & Short-Term Investments	279.75	220.37	109.81	48.24	30
Cash Growth	26.95%	100.69%	127.61%	60.80%	-1.07%
Accounts Receivable	307.69	207.38	368.68	152.91	38.74
Other Receivables	2.69	5.8	0.03	9.2	5.62
Receivables	310.38	213.18	368.71	162.11	44.36
Inventory	299.88	269.2	166.89	93.42	23.74
Other Current Assets	41.55	61.66	49.4	27.26	10.08
Total Current Assets	931.56	764.4	694.82	331.03	108.18
Property, Plant & Equipment	772.45	743.48	301.94	154.97	24.52
Other Intangible Assets	13.48	2.62	2.2	1.97	0.31
Long-Term Deferred Tax Assets	10.1	39.34	34.18	19.55	1.34
Other Long-Term Assets	42	43.6	61.64	13.86	4.87
Total Assets	1,770	1,593	1,095	521.38	139.22
Accounts Payable	227.71	149.46	87.89	54.01	14.87
Accrued Expenses	27.92	30.44	19.54	6.63	1.86
Short-Term Debt	174.41	26.96	59.01	8.91	-
Current Portion of Long-Term Debt	48.93	85.18	32.46	-	-
Current Portion of Leases	0.83	0.88	0.2	0.27	0.22
Current Income Taxes Payable	7.93	0.57	10.18	-	-
Current Unearned Revenue	8.46	13.18	24.52	7.81	4.26
Other Current Liabilities	16.6	9.69	5.29	4	1.78
Total Current Liabilities	512.79	316.36	239.09	81.63	22.99
Long-Term Debt	110.13	141.55	46.54	-	-
Long-Term Leases	3	5.02	0.32	0.59	0.52
Pension & Post-Retirement Benefits	20.43	11.83	12.28	10.31	3.48
Total Liabilities	646.35	474.76	298.23	92.52	26.99
Common Stock	112	112	56	56	56
Retained Earnings	596.93	577.18	455.86	191.42	58.26
Treasury Stock	-8.52	-	-	-	-
Comprehensive Income & Other	422.83	429.51	284.68	181.43	-2.04
Shareholders' Equity	1,123	1,119	796.54	428.85	112.22
Total Liabilities & Equity	1,770	1,593	1,095	521.38	139.22
Total Debt	337.31	259.59	138.54	9.77	0.74
Net Cash (Debt)	-57.55	-39.22	-28.73	38.48	29.26
Net Cash Growth	-	-	-	31.48%	-3.51%
Net Cash Per Share	-0.51	-0.35	-0.26	0.34	0.26
Filing Date Shares Outstanding	112	112	112	112	112
Total Common Shares Outstanding	112	112	112	112	112
Working Capital	418.77	448.04	455.72	249.4	85.2
Book Value Per Share	10.03	9.99	7.11	3.83	1.00
Tangible Book Value	1,110	1,116	794.35	426.89	111.92
Tangible Book Value Per Share	9.91	9.96	7.09	3.81	1.00
Buildings	513.84	500.12	-	-	-
Machinery	335.07	302.23	157.72	50.78	7
Construction In Progress	16.23	-	173.79	118.58	18.45
Leasehold Improvements	0.37	10.3	7.79	5.38	0.69

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